Klondike Silver is reviving historic silver districts and exploring a carefully selected portfolio of properties in Canada and Mexico
THE TEAM: Klondike Silver is a member of the Hughes Exploration Group of Companies and is led by an award-winning management team with an established track record of mineral discovery and mine development in North America.Founder Richard Hughes has created shareholder value for investors of numerous junior companies through his role in the development of the Hemlo gold camp of Ontario, and the Belmoral, Beaufor and Sleeping Giant gold mines in Quebec.
In the case of the world-class Hemlo Mine --- which produced 6.9 million ounces of gold --- an investment of $2,500 in the junior companies involved in the discovery would have been worth close to $1 million at its peak.
Companies in the Hughes Exploration Group have shared access to an extensive geological database and the diverse skills and experience of a major company-sized exploration team, which reduces overhead costs and improves the odds of success.
THE STRATEGY: The core assets of Klondike Silver --- a consolidated land package with ten historic mines and a 100-tonne-per-day mill in the prolific Slocan Mining Camp of BC --- were initially acquired by Klondike Gold, a member of the Hughes Exploration Group, during the industry downturn of the late 1990s and early 2000s. In 2005, Klondike Gold spun-off its silver holdings to Klondike Silver in order to create value for shareholders in a rising metal price environment.
Klondike Silver has also assembled properties in other historic silver-producing districts. The Company's goal is to rehabilitate and restore the most prospective mines to production and use the cash flow generated to explore the silver districts using advanced exploration technologies.
