Klondex Mines Ltd. (TSX: KDX; OTCQX: KLNDF) is primarily engaged in the surface and underground exploration and development of its 100% owned Fire Creek gold property in North Central Nevada. Fire Creek 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 comprises 11,208 acres (17.5 square miles) and is readily accessible via Federal and state roads with close access to the electrical power grid.
Klondex's secondary focus is acquiring, exploring and developing other gold and silver properties in Nevada. Currently Klondex has three other gold exploration properties, and it reviews and considers other projects for inclusion.
On September 12, 2011, Klondex announced an updated Technical report and resource estimation that produced an Indicated Mineral Resource of 1.65 million ounces of gold and an Inferred Mineral Resource of 0.46 million ounces of gold identified via its deep surface drilling program at its Fire Creek Property. The resource figures, which are as of May 21, 2011, reflect a 4 grams per tonne cutoff. In late April 2011, Klondex initiated an underground program at Fire Creek including a 1,113 meter (3,650 foot) decline that will enable underground in-fill exploration drilling.
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