),  a Nevada gold exploration company, today reported several intercepts of gold mineralization for the recently completed surface drilling program at its Fire Creek gold project in Lander County, Nevada. A total of 2,465 meters (8,086 feet) of core were drilled to extend ten holes that had been pre-collared with reverse circulation (RC) drilling; the results are summarized in Table 1.
 
Highlights:

All ten core holes encountered gold mineralization, with the best results including:

  2,910 g/t (85 oz/ton) gold over 1.5 meters (4.8 feet) in hole FC12-11S (the same intercept also contained 5,960 g/t (174 oz/ton) silver).

 97.9 g/t (2.9 oz/ton) gold over 0.4 meters (1.7 feet) in hole FC12-13S.

  57.7 g/t (1.7 oz/ton) gold over 1.1 meters (3.7 feet) in hole FC12-21S.

Figure 1: Locations of intercepts from Table 1 on drill traces highlighted in magenta.
Grid =152.4 meters. FC12-19S was completed as RC, but intercepts are posted for context.
 
 

About Klondex Mines Ltd. (www.klondexmines.com):
Klondex Mines is focused on the exploration and development of its Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling gold mining prospect located in a region of prolific gold production that is near power, transportation, mining infrastructure and several milling facilities. As of September 21, 2012, Klondex had 47.3 million shares issued and outstanding, and 59.6 million shares on a fully-diluted basis.
 
Sample results cited in this news release were obtained from core holes completed by American Drilling, an independent contractor working under the direction of Klondex staff. Assays were determined by ALS Minerals, Reno, Nevada, an independent analytical laboratory.
 
The content of this press release has been reviewed by Steven L. McMillin, CPG-11031 (American Inst. of Prof. Geol.), Project Manager and Chief Geologist for Klondex Mines Ltd., as a non-independent Qualified Person.

This news release contains forward-looking statements, including about current expectations on the timing of project development. These forward-looking statements entail various risks and uncertainties, are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about the Company�s business are more fully discussed in the Company�s disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.