October 28, 2013
NV and VANCOUVER, BC - (Marketwired - Oct 28, 2013) - Klondex Mines Ltd.
(TSX: KDX) (OTCQX: KLNDF), a Nevada gold exploration and development
company, today completed the excavation of the secondary egress at its
Fire Creek gold project. The hoist is set and is in the process of being
commissioned. The secondary egress, including the ventilation system,
is expected to be operational by mid-November.
Once the hoist is commissioned and tested, Klondex will have a secondary
egress at Fire Creek. This will satisfy requirements of MSHA (Mine
Safety and Health Administration) to begin its bulk sampling program at
Paul Huet, Klondex President and CEO, commented, “The progress made at
Fire Creek this past year has been impressive as the new management team
continues to deliver on the project’s major milestones. The completion
of the secondary escape-way represents the final hurdle to initiate our
bulk sampling program.” Mr. Huet continued, “I would also like to
personally thank the continued hard work and dedication of the Fire
Creek staff, to the safety of every individual that ensured no lost time
injuries over the last year.”
The technical information contained in this press release has been
approved and verified by Steven L. McMillin, CPG-11031 (American Inst.
of Prof. Geol.), Chief Geologist for Klondex Mines Ltd., as a
non-independent Qualified Person for the purposes of National Instrument
About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its Fire
Creek gold project in North-Central Nevada. Fire Creek is permitted for
bulk sampling, with the necessary infrastructure in place and on site.
The project is located in a mining-friendly jurisdiction, near its toll
milling facilities, and major producers. As of October 28, 2013, and
assuming the conversion of special warrants to shares, Klondex had
79.2mm shares issued and outstanding and 103.1mm shares fully diluted.
President & CEO
Klondex Mines Ltd.
Manager, Investor Relations
Klondex Mines Ltd.
Catalyst Global LLC
This news release contains certain information that may constitute
forward-looking information under applicable Canadian securities
legislation, including but not limited to, timing as to the operation of
the secondary egress and the successful execution of the bulk sampling
program at the Fire Creek Project. This forward-looking information
entails various risks and uncertainties are based on current
expectations, and actual results may differ materially from those
contained in such information. These risks and uncertainties include,
but are not limited to the risks and hazards associated with
environmental compliance and permitting for its underground operations,
the strength of the global economy; the price of gold; operational,
funding and liquidity risks; the degree to which mineral resource
estimates are reflective of actual mineral resources; the degree to
which factors which would make a mineral deposit commercially viable are
present. Risks and uncertainties about the Company’s business are more
fully discussed in the Company’s disclosure materials filed with the
securities regulatory authorities in Canada and available at
www.sedar.com. Readers are urged to read these materials. Klondex
assumes no obligation to update any forward-looking information or to
update the reasons why actual results could differ from such information
unless required by law.
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