January 10, 2012
Vancouver, BC and Elko, NV - January 10, 2012 - Klondex Mines Ltd. (TSX: KDX) invites all investors to join Blane
Wilson, President and CEO, and other members of its Board and management
team, for an update on its Fire Creek gold property in North Central
Nevada at the Cambridge House Vancouver Resource Investment Conference,
January 22-23, 2012.
Mr. Wilson will give a brief overview presentation at 3:30 p.m. in
workshop room #1, and the Company will exhibit in Booth 1026 at the
Vancouver Convention Centre, West.
Mr. Wilson will review Klondex’s progress in its surface and underground
development programs at Fire Creek. The Vancouver conference is the
first event in Klondex’s 2012 investor relations program. The
presentation marks the start of an active program of investor meetings
across the, Canada and Europe during 2012, including the PDAC Conference
March 4-7 in Toronto.
About Klondex Mines Ltd. (www.klondexmines.com):
Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a
compelling gold mining prospect that is located near power,
transportation, mining infrastructure and several milling facilities.
For more information on the mineral resource estimates, please refer to
Klondex’s disclosure available at the SEDAR website.
In addition to an active surface exploration program at Fire Creek, in
April 2011 Klondex initiated an underground exploration and development
program being pursued via an underground decline. The program is
designed to enable more cost effective in-fill drilling of its existing
resource from underground stations as well as to enable bulk sampling
for metallurgical testing of up to 120,000 short tons of material
(limited to 36,500 short tons per year). Bulk sampling is targeted to
begin in Q1 2012.
As of December 31, 2011, Klondex had 46.4 million shares issued and outstanding and 59.1 million shares on a diluted basis.
Richard Kern (P.Geo), of Reno, Nevada, a qualified person as defined
under National Instrument 43-101, has reviewed and approved the
technical information contained in this press release.
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, are subject to a number of uncertainties
and risks, and actual results may differ materially from those contained
in such statements. These uncertainties and risks include, but are not
limited to, 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; the risks and hazards associated with 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
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.
On Behalf of Klondex Mines Ltd.
Blane W. Wilson
President & CEO
Investor & Media Contact:
Jaffoni & Collins
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