Klondike Silver KS.V announces multiple discoveries on a property that they are exploring as jv with ATAC Resources in the Yukon.
In the Camp Area (which is most prospective) they discovered 3 veins within a huge 600m x 1100m multi element in soil anomaly with best samples grading 3 g/t silver and 1660 g/t silver on one vein. Another high grade vein they have traced for 80 meters which is a significant distance before it disappears under overburden. The best samples from this vein graded 1.08 g/t gold and 783 g/t silver. Another vein that lies within this large multi element anomaly returned 4.13 g/t gold and 406 g/t silver. This area is highly prospective and mineralized over a large area.
In addition there are 2 other highly prospective area's on the property prospective for the same type of mineralization...
The Cross Fault Area which returned... 1.2 g/t gold and 528 g/t silver, 5.77 g/t gold and 70.7 g/t silver , and 2.52 g/t gold and 343 g/t all over a large area.
The Ridge Junction Area vein returned 0.915 g/t gold and 182 g/t silver from vein material in the trench and mineralized pebbles 50m to the southwest of the trench returned 1.825 g/t gold and 111 g/t silver.
At .065 and a 12M market cap, KS.V is the right price, has the right joint venture and is exploring in the right area in the Yukon. The story at KS is just developing and as more investors buy silver because of its relative cheapness when compared to gold, they will start looking for high quality silver deposits that may be mines one day and Klondike Silver gives you a great chance at discovery in the Yukon.
In soil anomalies have been a very successful way of exploring in the Yukon with so much overburden and tend to be very indicative of the potential size of the project. Also finding multiple veins over significant distances in clusters all over the property makes this a very exciting project. With such a very prospective silver-gold project the market is just awakening up to KS's potential.
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