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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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| |   Wed Jun 2, 2010
Klondex to Review Nevada High-Grade Gold Program at Vancouver Conference June 6 - 7th -- Booth 508
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| | - KDX Corporate Presentation Sunday, June 6th at 4:00 p.m. PDT -
Vancouver, BC -- June 2, 2010 -- Klondex Mines Ltd. (TSX: KDX), a high-grade Nevada gold exploration company, will review the exploration and development program for its high-grade "Fire Creek" gold property in North Central Nevada at the Cambridge House World Resource Investment Conference on June 6 -7, 2010 in Vancouver, BC. Klondex will exhibit in booth #508 at the Vancouver Convention Centre - West and will be represented by William Solloway, President; Blane Wilson, Executive Mining Advisor, Nevada Operations; Robert Sibthorpe, Technical Director; Brendan Donohoe, Treasurer; Bryson Goodwin, Director of Investor Relations, and Fred Baker, Secretary.
At the corporate presentation workshop #1 on Sunday, June 6th at 4:00 p.m., Mr. Wilson will review KDX's significant high-grade gold resource at Fire Creek and discuss progress on KDX's strategy of continuing its exploration from the surface and underground, as well as the planned underground bulk sampling of up to 120,000 short tons of ore. KDX plans to target material containing one or more ounces of gold per ton, thereby creating the potential for substantial profit and cash flow from the bulk-sampling program. The program is expected to commence by the end of the summer upon receipt of final permits and the securing of required funding by the Company.
As of March 31, 2010, Klondex has 32.2 million shares issued and outstanding and 35.2 million shares on a fully diluted basis, cash and cash equivalents of CDN $3.9 million, working capital of CDN $3.6 million and a long-term note payable of CDN $1.4 million.
About Klondex Mines (http://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 |
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: Tue Jun 22, 2010, Klondex Initiates Step-Out and Infill Drilling of High Grade Gold Targets in Nevada
You can view the Previous News item: 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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