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| UPCOMING EVENTS |
November 21 & 22, 2010
San Francisco Hard Assets
Marriott Marquis
March 6-9, 2011
PDAC 2011 Conference
Toronto, Ontario
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Jul 14, 2010: News: Klondex Sets Term Sheet for $10 - $20 Million in Gold-Backed Financing... (more...)
Jul 06, 2010: News: Klondex Mines Appoints Mining Veteran Blane Wilson President and COO (more...)
Jun 22, 2010: News: Klondex and Paramount Agree to Release of Claims and Dismissal of Liti... (more...)
Lander County
Nevada
Updated: 02-Sep-10
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| |   Tue Mar 2, 2010
Klondex Builds Management with Two Strategic Hires
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Vancouver, British Columbia -- March 2, 2010 - Klondex Mines Ltd. (TSX: KDX) announced the hiring two strategic and vital components of its go forward strategy. Blane W. Wilson has been appointed as Executive Mining Advisor, Nevada Operations, to oversee the advancement of the Company's mining and production programs at its high-grade Fire Creek gold deposit, and Bryson Goodwin has been appointed as Director of Investor Relations to manage our market strategies and outreach.
William Solloway, Klondex's President, commented, "Klondex has made significant advancements in its efforts to begin underground operations. We anticipate that we will be commencing our underground mine development and support facilities construction this spring. I am pleased to report the appointment of Blane Wilson to spearhead and manage this critical process; he is very well known in the industry and possesses significant Nevada related gold mining experience and expertise.
"In addition, for some time we have acknowledged the need for a specialist to build and manage corporate and market awareness as we make the transition from an exploration company to a dual focus on production and the continued exploration of Fire Creek. Management has committed to spending the required funds to grow our shareholder base and support our market valuation for current and future shareholders. We are very pleased to have secured Bryson Goodwin to initiate an active investor relations outreach program across Canada, the United States, Asia and Europe. Given the value inherent in our Fire Creek resource and the profit potential of our bulk sampling program, we are confident these investments in expanded management and improved communications will benefit our shareholders."
Please refer to our website for additional information, including bios on Messrs. Wilson & Goodwin: www.klondexmines.com
About Klondex Mines:
Klondex Mines Ltd. is focused on bringing into production its 100% owned high-grade Fire Creek Nevada gold deposit. It is centrally located near power and transportation and represents a compelling mining prospect. To date Klondex has identified the following NI 43-101 compliant resource:
Fire Creek Project -- Indicated and Inferred Resource *
As of March 30, 2009
Classification |
Metric
Tonnes |
Grams Gold Equivalent
Per Metric Tonne |
Total Ounces
Gold Equivalent |
Indicated |
5,043,033 |
10.11 |
1,639,822 |
Inferred |
1,833,423 |
8.63 |
508,799 |
* Fire Creek has a gold-to-silver ratio of approximately 1:1, indicating the resource is approximately 98.3% gold and 1.7% silver. Reflects a cutoff grade of 5 grams per tonne and 60 units of silver equivalent to one unit of gold.
ON BEHALF OF KLONDEX MINES LTD.
"William Solloway" President
Investor Contacts:
Bryson Goodwin
Klondex Mines Ltd.
brysongoodwin@shaw.ca
(604) 341-1531
David Collins
Jaffoni & Collins
KDX@jcir.com
(212) 835-8500
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| | You can view the Next News item: Thu Mar 4, 2010, Klondex to Review Underground Program at PDAC Booth #2835
You can view the Previous News item: Wed Jan 20, 2010, High-Grade Gold Veins Discovered East of Main Zone in Klondex's 2009 Exploration Program
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