KLONDEX MINES LTD. (TSX: KDX; Other OTC: KLNDF)
HIGH-GRADE GOLD EXPLORATION IN NEVADA


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Latest News

Fire Creek Project - Phase 6 Drilling Map (click to view)

Aug 21, 2008: News: Klondex Completes CDN $1.75 Million Private Placement (more...)

Aug 12, 2008: News: Klondex President Exercises Options (more...)

Aug 01, 2008: News: Klondex Arranges Non-Brokered Private Placement (more...)

UPCOMING EVENTS
PDAC 2009 Investors Exchange
Toronto, Ontario
March 1-4, 2009


Lander County
Nevada


Updated: 04-Sep-08



Click For Larger Image
Aerial View of Klondex Mines' Fire Creek Property - From the South

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 can been seen starting from the bottom and moving diagonally up to the left.

Click For Larger Image
Proposed 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 in Fall 2008. The map above is a revised plan for the exploration decline that is subject to change and regulatory approvals.

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 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. Highlighted by Fire Creek, Klondex's property portfolio contains five gold exploration projects covering over 12,615 acres or 19.7 square miles.

Fire Creek comprises 10,715 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...

2008 Progress Report

Phase 7 drilling is progressing well this season at Fire Creek, having commenced in late March. Up to three rigs (two core rigs and one reverse circulation rig) have been working on the property. The program has identified a number of new high-grade mineral intercepts including in new areas to the south, both confirming existing mineral data and providing evidence that should help to expand the overall mineral resource. In addition, Klondex has had encouraging results from some of its exploration drilling of possible mineralization targets that were identified in a 2006 induced polarization survey. The appointment of James Balagna as Senior Geologist in March 2007, has added substantial expertise to Klondex's already strong Nevada team. Balagna is an 18-year gold mining veteran, most recently with Glamis Gold's Marigold project.

Click Here to View the full Fire Creek (NI) 43-101 Report Filed September 2006
(PDF, 20.5 Mb, 1346 pages)