November 14, 2014
BC - November 14, 2014 - Klondex Mines Ltd. (TSX: KDX or OTCQX:
KLNDF) today announced that further to its news release dated September
30, 2014, Klondex’s independent technical report, entitled “Technical
Report for the Midas Mine and Mill, Elko County, Nevada,” has been filed
with SEDAR and is now available on the Klondex Mines website. Practical
Mining LLC authored the technical report, which is dated November 14,
2014, with an effective date of August 31, 2014.
About Klondex Mines Ltd. (www.klondexmines.com)
Klondex is focused on the exploration, development and production of its
two high quality gold and silver projects in the mining-friendly
jurisdiction of north central Nevada. The 1200 tpd milling facility is
processing mineralized materials from the Midas Mine and the Fire Creek
Project. Midas is fully-permitted and has been in operations since 1998.
Fire Creek is located ~100 miles south of Midas and is operating an
ongoing bulk sampling program that began in 2013. All major
infrastructure is in place at Fire Creek.
For More Information
President & CEO
Manager, Investor Relations
Cautionary Language Regarding Technical Information
A production decision at the Fire Creek Project has not been made by
Klondex, as it is still in the bulk sampling phase. Although a
production decision at the Fire Creek Project has not been made, the
mineralized material extracted from the Fire Creek Project under the
bulk sample permit is processed through the Midas mill.
A production decision at the Midas mine was made by previous operators
of the mine prior to the completion of the acquisition of the Midas
project by Klondex and Klondex made a decision to continue production
subsequent to the acquisition. This decision by Klondex to continue
production and, to the knowledge of Klondex, the production decision
made by the previous operator were not based on a feasibility study of
mineral reserves demonstrating economic and technical viability prepared
in accordance with National Instrument 43-101. Readers are cautioned
that there is increased uncertainty and higher risk of economic and
technical failure associated with such production decisions.
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