Klondike’s Kennedy on finding the next silver, lead, zinc mine on the Slocan Camp
“I call that glory minor. It is glory for us because we have hit what we needed to hit to be able to find the next mine…We have hit the main load structure so we will do a total of 26 holes to establish the structure the way our geological engineer needs to identify it properly. Once we have done that he can go looking for glory major, which is a new pod, which can be the next mine in this camp on the Silver Mile.” States Tom Kennedy, CEO and Director of Klondike Silver Corp. (TSXV: KS), in an interview with InvestorIntel’s Peter Clausi.
Peter Clausi: Let us talk about silver, zinc and lead. You have a series of deposits in southeastern B.C.
Tom Kennedy: Yes. Southeastern British Columbia was a hub for silver, lead, zinc camps. There is a Roslyn Camp and there is a Slocan Camp.
Peter Clausi: Historic producers?
Tom Kennedy: Yes. The particular camp that we are in we have about half of the whole camp, about 100 square kilometers. We have lots of room.
Peter Clausi: That is a large footprint.
Get our daily investorintel update
Tom Kennedy: Yes. There are also 68 past producers in the camp, one of which stopped producing in 2010. So it is very recent. What is fantastic about that particular location, which is right beside what we call the Silver Mile, the unexplored mile, which we believe should hold a couple more silver-lead-zinc mines.
Peter Clausi: Right. You gave me a diagram earlier, which is up on the screen now. The Silver Mile is on the top left. You have drill results on here, locations of the drill holes. What did you drill for? What did you find?
Tom Kennedy: The ultimate object here is to find another pod it is called of silver-lead-zinc in the Silver Mile because this one mile section of the seven mile main load vein system has about . . .
Peter Clausi: There is a black star that says, drill hole number one intersects main load structure.
Tom Kennedy: Preciously. Yes, after 4 years of a lot of work we finally got a mine permit amendment in August of last year to do a specific work program. That work program started a few months ago with a 250-foot drift underground. We build a drill station to start the initial 13 drill holes. The object of the drill holes was to see if we could go through what came up in a 3D modeling as a foot wall. All vein load systems have foot walls and hanging walls, the top and the bottom.
Peter Clausi: Your data, you went into the field, you drilled it and reality matched what you had proposed.
Tom Kennedy: Yes. The first drill hole of this program hit the main load structure.
Peter Clausi: I am reading from the press release. February 20, 2019, 43 meters to the end of the hole at 61 meters for a 60 foot intersection within the load.
Tom Kennedy: I call that glory minor. It is glory for us because we have hit what we needed to hit to be able to find the next mine. Unless we have found the main load structure, which caused the last mine, which when they lost it they could not produce anymore. We have hit the main load structure so we will do a total of 26 holes to establish the structure the way our geological engineer needs to identify it properly. Once we have done that he can go looking for glory major, which is a new pod, which can be the next mine in this camp on the Silver Mile…to access the complete interview, click here
Disclaimer: Klondike Silver Corp. is an advertorial member of InvestorIntel Corp.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>