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| UPCOMING EVENTS |
March 25th - John Tumazos Mining Conference
New York City
2:30 p.m. KDX "Core Shack" Presentation
Mar. 30-31 - Mines and Money Hong Kong Stand 35
May 18 - Geological Society of Nevada Symposium
Session: Exploration Technologies - Geophysics
Fire Creek Deep Mineralization Defined
with Detailed Gravity, CSAMT and MT
Stay tuned for updates or request to be added to our e-mail list by clicking here.
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Mar 10, 2009: KDX President Comments on Permitting
Significance (more...)
Mar 17, 2010: News: New Members of Klondex Senior Management Team to Host Toronto, Boston ... (more...)
Mar 10, 2010: News: Klondex Reports Progress on Permitting for Its Underground Program (more...)
Mar 04, 2010: News: Klondex to Review Underground Program at PDAC Booth #2835 (more...)
 Lander County Nevada
Updated: 17-Mar-10
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Click For Larger ImageAerial View of Klondex Mines' Fire Creek Property - From the South
A selection of high-grade intercepts have been plotted on the photo. The
gold and silver grades and actual widths are reviewed in a table you can
access by clicking "here". Old pit workings can be seen in the middle of
the photo, with access roads for surface drilling program surrounding. The
main entry road is in the foreground. Fire Creek runs diagonally across the
bottom left portion of the photo. |
Click For Larger ImageProposed Fire Creek Decline Overlaid With Identified Gold Vein Structures
Klondex Mines filed permits (March 2007) to pursue underground exploration and to begin bulk sampling for metallurgical testing of up to 120,000 short tons of ore. The bulk sampling has the potential to generate substantial operating cash flow for Klondex. Permits are currently anticipated at some point in 2009. The map above is a revised plan for the exploration decline that is subject to change and regulatory approvals.
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Klondex Mines (TSX: KDX; Other OTC: KLNDF) is engaged in acquiring, exploring and developing gold and silver properties in Nevada and has to date identified an Indicated Mineral Resource in excess of 1.6 million ounces of gold (and a comparable amount of silver) via its deep drilling program at its 100% owned Fire Creek Property.
Klondex is focused on the exploration and development of Fire Creek on the Northern Nevada Rift in North Central Nevada, an area of substantial mining activity which has produced in excess of 100 million ounces of gold. In addition to Fire Creek, Klondex's property portfolio contains three other gold exploration projects covering over 12,615 acres or 19.7 square miles. During 2007, the Fire Creek property was expanded to include the nearby Corral Canyon and Woodtick properties, thereby consolidating them into one program. All three of Klondex's properties are located in areas with strong gold exploration prospects.
Fire Creek comprises 10,708 acres of Fee and Lease land along the Northern Nevada Rift in North Central Nevada. It is strategically located between the past producing Mule Canyon Mine to the north and the world-class Pipeline and Cortez gold deposits to the south. The property is readily accessible via Federal and state roads, is close to the electrical power grid and is within 50 miles driving distance of two large mills.
Fire Creek's Nevada location, high-grade gold and silver mineralization, and proximity to world-class mining infrastructure and personnel, make it a particularly compelling mining prospect. Read more...
2009 Progress Report
On March 31, 2009, Klondex filed an NI 43-101 compliant update report on its
100%-owned Fire Creek Gold property in the Battle-Mountain-Eureka Trend in
Northern Nevada. The report, which is available through the link at the top
of this page, details an indicated mineral resource consisting of 5.0
million metric tons containing 1.64 million ounces of gold, in addition to
an inferred mineral resource of 1.8 million metric tons containing 0.51
million ounces of gold. The report includes the results from two very
productive drilling campaigns (Phase 6 and Phase 7) during 2007 and 2008.
These programs encountered a number of new high-grade intercepts and have
substantially expanded both the width and strike length of the
mineralization at Fire Creek. The upgraded resource is a substantial step
forward from Klondex's prior 43-101 compliant indicated mineral resource of
1.6 million metric tons containing 1.04 million ounces of gold reported in
September 2006.
Leading the Company's efforts in Nevada are its Senior Geologist, James
Balagna; the Company's technical director, Robert Sibthorpe; and the
company's consulting geologist, who has directed the Company's exploration
drilling programs, Richard Kern.
Given the challenging capital markets and their impact on Klondex's share
price, the Company has substantially reduced its capital spending in order
to preserve capital. The Company will contemplate modest capital infusions
to fund its base level operations until such time as it is able to raise
capital on terms more favorable to its shareholder base, much of which has
been with the Company for many years. Klondex management remains confident
in the long term value of Fire Creek, and its ability to create value for
its shareholders, particularly given the scope, high grade and ideal
location of its gold resource.
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