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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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| |   Wed May 12, 2010
Klondex Mines to Present at Rodman & Renshaw London Investment Conference on Tuesday, May 18th at 12:45 p.m. GMT
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| | - Presentation to be Webcast Live and Available For Replay -
Vancouver, BC and London, England -- May 12, 2010 - Klondex Mines Ltd. (TSX: KDX), a high-grade Nevada gold exploration company announced today that it will present at the Metals & Mining Track of the Rodman & Renshaw Global Investment Conference in London on Tuesday, May 18th. Klondex's presentation will be in the Northern Suite at 12:45 p.m. GMT at the Grosvenor House Hotel, 86 Park Lane, London, England. Klondex's presentation will be available live via webcast and replay at: http://www.wsw.com/webcast/rrshq17/kdx.cn
Bryson Goodwin, Director of Investor Relations, and Brendan Donohoe, Treasurer and Director, will represent KDX. Management will review KDX's significant high-grade underground gold resource at Fire Creek and the progress KDX is making in its two pronged strategy of continued exploration of Fire Creek from the surface and underground, as well as planned underground production via bulk sampling.
Underground Opportunity
KDX's underground program will involve the extraction and processing of up to 120,000 short tons of ore, limited to no more than 36,500 short tons per year. KDX will target its bulk sampling on material containing one or more ounces of gold per ton, thereby creating the potential for substantial profit and cash flow from the program. The program is expected to commence this summer upon receipt of final permits now expected in July and the securing of required funding.
Klondex had 31.2 mm shares issued and outstanding and 36.2 million shares on a fully diluted basis at December 31, 2009.
About Klondex Mines (www.klondexmines.com):
Klondex Mines Ltd. is focused on bringing into initial production, via bulk sampling, its 100% owned high-grade Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling mining prospect that is well located near power, transportation, mining infrastructure and several milling facilities. At Fire Creek, 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
Inferred |
5,043,033
1,833,423 |
10.11
8.63 |
1,639,822
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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