March 14, 2013
NV & Vancouver, BC - March 14, 2013 - Klondex Mines Ltd. (TSX: KDX
or OTCQX: KLNDF), a northern Nevada gold exploration and development
company, has been issued a temporary water discharge permit by the
Nevada Department of Environmental Protection. The 180-day permit will
assist Klondex in managing the underground water treatment system at its
Fire Creek gold project in Lander County, Nevada. Klondex is advancing
the project towards bulk sampling in the third quarter.
Mike Doolin, Fire Creek’s GM, commented, “Based on past
experiences of treating 350 gallons per minute water flows within the
Northern Nevada Rift, Fire Creek’s water needs are lower and quite
manageable at 25 gpm. However, the water discharge needs at Fire Creek
is a critical path item for the mine’s development, and we are
appreciative of the NDEP’s support of our plans.” He continued, “The six
month temporary discharge permit gives us ample time to complete our
long-term water management solution: a rapid infiltration basin (RIB)
system designed to handle up to 3000 gpm water. We are making good
progress in the application process to permit the RIB and expect the RIB
to be permitted, constructed and operational in 2013.”
Paul Huet, Klondex President and CEO affirmed, “During
my career, I’ve been fortunate to work with the Nevada regulators in
building successful mining operations within the Northern Nevada Rift.
We’re quite pleased to be working with a group that has such a great
understanding of the projects and are keen to work with the different
About Klondex Mines Ltd.
Klondex Mines is focused on the exploration and
development of its Fire Creek gold deposit in North Central Nevada. Fire
Creek is a compelling gold mining prospect located in a region of
prolific gold production that is near power, transportation, mining
infrastructure and several milling facilities. As of March 6, 2013
Klondex had 64.4 million shares issued and outstanding, and 85.3 million
shares on a fullydiluted basis.
President & CEO
Klondex Mines Ltd.
Manager, Investor Relations
Klondex Mines Ltd.
Catalyst Global LLC
This news release contains
forward-looking statements, including about current expectations on the
timing of project development. These forward-looking statements entail
various risks and uncertainties, are based on current expectations, and
actual results may differ materially from those contained in such
statements. These risks and uncertainties include, but are not limited
to the risks and hazards associated with environmental compliance and
permitting for its underground operations. 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
statement or to update the reasons why actual results could differ from
such statements unless required by law.
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