September 12, 2013
NV & Vancouver, BC - September 12, 2013 - Klondex Mines Ltd.
(TSX: KDX; OTCQX: KLNDF), a Nevada gold exploration and development
company, today reported that its underground development program,
targeting the Joyce and Vonnie structures within the Main Zone of its
Fire Creek project, yielded 1,329 tonnes (1,465 tons) of mineralized
material in July at an average grade of 32.7 g/t (0.95 opt) gold.
Underground development at the Fire Creek project over the last three
months has yielded 3,249 tonnes (3,582 tons) of mineralized material
averaging 75.4 g/t (2.20 opt) Au.
Klondex continued to develop on the Joyce (5370N and 5400S) structure
and on the Vonnie (5370N and 5400S) structure during July. A total of
240 samples were taken from these work areas and submitted for assay
during July. Gold grades ranged from 0.2 g/t Au to 400 g/t Au (0.005 opt
Au to 11.690 opt Au) over a vein width ranging from of 0.1 m to 0.7 m
(0.2 ft to 2.4 ft).
Paul Huet, Klondex President and CEO, stated, “Through our underground
development program, we continue to see very encouraging gold grades and
are gaining an excellent understanding of the geology, structure and
gold mineralization of the Fire Creek deposit. We’ve made tremendous
progress over the past year as a direct result of our dedicated team,
and I’m thankful for their devotion to Klondex and to advancing the Fire
Sampling a given face is conducted after the face location has been
measured, photographed, and mapped in detail. Continuous rock-chip
channel samples are then collected by Klondex staff in 11” x 17” sample
bags from the footwall, vein, and hanging wall. Salient features
including sample number, channel length, location on face, rock type,
and alteration are documented. Samples are sent to SGS Mineral Services
Division lab in Elko, Nevada, an independent laboratory, for gravimetric
fire assay analysis with blanks and standards.
The technical information contained in this press release has been
approved 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 43-101.
About Klondex Mines Ltd. (www.klondexmines.com)
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 project located in a mining-friendly jurisdiction, near major
producers, power, transportation, mining infrastructure and its milling
facility. At September 12, 2013, Klondex had 65.5M shares issued and
outstanding and 88.4M 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 information about the magnitude and quality of
the Fire Creek Project the results of exploration and metallurgical
sampling at the Fire Creek Project, the Company’s intention and ability
to monetize mineralized material, timing of the updated mineral resource
estimate at the Fire Creek Project and the bulk sampling program. 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.
Back to the News page