I would guess that yesterday's volume and price activity is related to the release of assay results from the Connaught JV project. See June's news release below:

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June 22, 2010
Klondike Silver Corp. Completes First Phase of Gold and Silver Exploration Program at Connaught JV Project

• 96 NEW CLAIMS STAKED TO COVER FAVOURABLE GEOLOGY ON SOUTHERN BORDER
• FIRST PHASE OF 2010 EXPLORATION PROGRAM COMPLETED - AWAITING ASSAYS
• FAVOURABLE INTRUSIVE ROCKS MUCH MORE EXTENSIVE THAN PREVIOUSLY MAPPED
• SOIL GEOCHEMICAL SURVEY COMPLETED OVER BROAD AREA SOUTH OF PREVIOUS SURVEYS

VANCOUVER, BC - Klondike Silver Corp. (TSX-V: KS) (the "Company") is pleased to announce that the first phase of a significant exploration program has been completed at its Connaught Project (50-50 Joint Venture with ATAC Resources Ltd.). The program expanded on the soil geochemical programs of the past three years, and followed up with mapping and prospecting in areas of multi-element anomalies. A program of claim staking was completed to cover several areas of favourable intrusive and skarn geology, and geochemical and geophysical anomalies. A second phase of exploration will be conducted in August, once analytical results are received.

"We are encouraged with the progress made on the Connaught Project made thus far and look forward to moving ahead with a second phase of exploration in August. We are optimistic in this property's potential for both gold and silver," commented Company President, Richard Hughes. "Ongoing exploration will continue to emphasize gold targets in addition to known high grade silver zones from which an historic shipment reportedly averaged 2228.5 g/t (65 opt) silver, 60% lead and 1 g/t gold."