Klondex Mines Ltd

Published : April 02nd, 2013

Veris Gold Enters Into A Toll Milling Agreement With Klondex Mines

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Dear Subscriber,

April 2, 2013

 

Veris Gold Enters Into A Toll Milling Agreement With Klondex Mines
 
Vancouver, BC � April 2, 2013 � Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce it has entered into a toll milling agreement with Klondex Gold and Silver Mining Company Ltd., a subsidiary of Klondex Mines Ltd. (TSX:KDX), to process ore from the Fire Creek Project at the Jerritt Canyon Mill located in Elko County, Nevada. The Jerritt Canyon Mill is operated by Veris Gold USA Inc., a wholly-owned subsidiary of Veris Gold Corp. (the �Company� or �Veris�).
 
Under the terms of the agreement with Klondex Mines Ltd. (�Klondex�), Veris will accept delivery of non-refractory gold ore produced from the Fire Creek Project, located nearby in Lander County, Nevada, to the Jerritt Canyon Mill for processing. Klondex will pay to Veris a toll milling fee of $148.50 (including trucking) per ton that will be adjusted on a quarterly basis to reflect any changes to input costs associated with processing the ore. The Klondex agreement includes an additional upfront pre-payment, to be deducted from future toll milling charges, to assist the Company in refurbishing the wet mill circuit at Jerritt Canyon. 
 
This agreement is structured in a similar manner to the Atna Resources Inc. agreement announced on March 27, 2013 whereby all dore produced from the ore remains the property of Klondex throughout the process and the associated toll milling fee charged will be treated as a credit to Jerritt Canyon operating costs.  The Company intends to partially re-open the wet milling facility at Jerritt Canyon in order to process this ore.
 
Randy Reichert, Co-CEO and COO of Veris stated, �This second toll milling agreement adds to our third party ore processing revenue stream and provides an excellent additional source of ore as the Klondex team ramps up their mining operations into 2014. This agreement will further reduce our costs by making use of the excess capacity at the Jerritt Canyon Mill when we begin processing the Fire Creek ore in the third quarter of 2013. We look forward to working with yet another gold producing neighbour in Nevada.�
 
Mike Doolin, General Manager of the Fire Creek project stated, �I�m happy to report we continue to gain momentum to initial production via our bulk sampling program at the Fire Creek gold project. Finalizing this milling agreement is another major step forward for us, and we are extremely pleased to be working with the team at Veris Gold.�
 
Paul Huet, Klondex Mines CEO commented, �The Nevada team delivers another huge milestone for Klondex, the group has a reputation of consistently delivering and this is great example.  2013 is a pivotal year for us as we continue to de-risk the Fire Creek asset. The excavation of the secondary egress, necessary to begin our bulk sampling, is now 20% complete and is on-track to be commissioned mid-June, 2013. Now, through this milling agreement with Veris Gold, we have a place to process Fire Creek�s mineralized material producing dore gold and silver. The agreement is facilitating Klondex to become Nevada�s next gold producer and puts cash flows from the Fire Creek project in 2013. I have had the opportunity to work with this group at Veris Gold in the past and look forward to a continued relationship with such a professional team.�
 
Veris is continuing to evaluate other concentrates at the Jerritt Canyon site which will add to the overall throughput in the milling facility with minimal impact on the crushing and grinding circuit. 
 
Veris Gold Corp. is a growing mid-tier North American gold producer in the business of developing and operating gold mines in geo-politically stable jurisdictions. The Company's primary assets are the permitted and operating Jerritt Canyon mill and gold mines located 50 miles north of Elko, Nevada, USA. The Company also holds a diverse portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the former producing Ketza River mine. The Company's focus has been on the re-development of the Jerritt Canyon mining and milling facility.
 
For more information please contact:

Veris Gold Corp.
Nicole Sanches
Investor Relations Manager
Tel: (604) 688-9427 ext 224
Email: nicole@verisgold.com
www.verisgold.com

CHF Investor Relations
Jeanny So
Director of Operations
Tel: (416) 868-1079 ext. 225
Email: jeanny@chfir.com
www.chfir.com

AXINO AG
Wolfgang Seybold
Chairman
Tel: +49 711 25 35 92 40
Email: wolfgang.seybold@axino.de
www.axino.de

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

This press release contains "forward-looking statements" and "forward looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, including without limitation, statements relating to plans for or intentions with respect to the Offering and the Company's use of proceeds from the sale of the Units are forward-looking statements. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". By their nature, forward-looking statements and information are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from future results, performance or achievements expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include among other things the following: the need to satisfy regulatory and legal requirements with respect to Offering; gold price volatility; discrepancies between actual and estimated production and mineral reserves and mineral resources; the speculative nature of gold exploration; mining operational and development risk; and regulatory risks. See the Company's Annual Information Form for additional information on risks, uncertainties and other related factors. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

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Klondex Mines Ltd

DEVELOPMENT STAGE
CODE : KDX.TO
ISIN : CA4986961031
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Klondex Mines is a gold and silver development stage company based in Canada.

Klondex Mines holds various exploration projects in USA.

Its main asset in development is FIRE CREEK in USA and its main exploration properties are MAGGIE CREEK, REEF, HOT SPRINGS POINT, CORRAL CANYON and SWALES MOUNTAIN in USA.

Klondex Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 543.8 millions as of today (US$ 414.3 millions, € 354.6 millions).

Its stock quote reached its lowest recent point on December 08, 2000 at CA$ 0.06, and its highest recent level on November 04, 2016 at CA$ 7.95.

Klondex Mines has 177 130 000 shares outstanding.

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Corporate Presentations of Klondex Mines Ltd
5/6/2008to Highlight New Gold Intercepts from its Nevada Exploration...
Annual reports of Klondex Mines Ltd
2007 Annual report
Financings of Klondex Mines Ltd
12/9/2013Klondex Updates Proposed Financing with Franco-Nevada
11/2/2012Announces $20 Million Equity Financing and US$7 Million Debt...
7/22/2011Announces Repricing of Lender Warrants to Purchase 1.4 Milli...
8/21/2008Completes CDN $1.75 Million Private Placement
8/1/2008Arranges Non-Brokered Private Placement
9/16/2007to Extend the Expiration Date and Reduce Exercise Price of W...
Nominations of Klondex Mines Ltd
11/15/2013Appoints Barry Dahl as Chief Financial Officer
9/14/2013Appoints Ritch Hall as Special Advisor to the Board
6/29/2012=2DKlondex Mines Announces Independent Board of Directors El...
7/13/2011Confirms Seven-Member Board with Substantial Nevada Gold Min...
10/12/2009Appoints Dr. W. Lang to its Board of Directors
6/22/2009(Fire Creek)Appoints Special Committee to Review Silvercorp Takeover Off...
5/22/2007Expands Board with Appointment of Mining Industry Executive,...
Project news of Klondex Mines Ltd
3/17/2015(Fire Creek)Files Pre-Feasibility Study Technical Report in Relation to ...
2/13/2014(Fire Creek)Infill Drilling Extends Joyce and Vonnie Veins at Fire Creek
2/11/2014Klondex Completes Acquisition of the Midas Mine and Mill Com...
1/20/2014Drilling Details Three Mineralized Structures in the West Zo...
1/14/2014continues to Strengthen Nevada Operations Team; Klondex to E...
12/19/2013(Fire Creek)Intercepts New Areas of Gold Mineralization at its Fire Cree...
12/4/2013Enters into Definitive Agreement with Newmont to Acquire the...
11/1/2013(Fire Creek)Files Technical Report in Connection with Fire Creek Project
10/31/2013Klondex to Begin Drilling West Zone
9/16/2013Reports Updated Resource Estimate
5/13/2013Visible Gold from Exploration
4/2/2013Klondex Secures Toll Milling Agreement w/ Veris Gold for Fir...
1/22/2013Klondex Discovers a New "West Zone" With Significant Visible...
9/24/2012(Fire Creek)Drills 2=2C910 g=2Ft (85 oz=2Fton) Gold over 1.5 Meters at t...
8/11/2012Veteran Mine Engineer=2C Rodney Cooper=2C Named To Board of ...
4/13/2012(Fire Creek)Underground In-Fill Drilling Continues to Intersect Gold Min...
1/10/2012Nevada Gold Explorer Klondex Mines Presents Sunday=2C Jan. 2...
10/5/2011(Fire Creek)Draws U.S. $5 Million from Gold Loan to Fund Continued Devel...
7/26/2011(Fire Creek)Reports Solid Progress at Fire Creek Nevada Gold Deposit
2/15/2011(Fire Creek)Discovers High-Grade Gold Vein in Nevada with 0.31 oz/ton Go...
2/15/2011Klondex Discovers High-Grade Gold Vein in Nevada with 0.31 o...
1/7/2010(Fire Creek)to Review High-Grade Nevada Gold Exploration Program at Vanc...
12/17/2009(Fire Creek)Secures BLM Permits for Confirmation Program at Fire Creek
7/9/2009(Fire Creek)Resumes Drilling Of High-Grade Gold Zones At Fire Creek As I...
5/29/2009(Fire Creek)to Highlight 1.6 mm Oz. Indicated Gold Resource (and 0.5 mm ...
3/2/2009(Fire Creek)Releases Final Gold Assays From 2008 Fire Creek Drill Progra...
12/12/2008Initiates High-Grade Gold Resource Update to Include Two Yea...
3/19/2008(Fire Creek) Confirms Gold Intercept of 0.37 oz/ton (12.7 g/t) over 25 f...
1/17/2008(Fire Creek)'s Drills Gold Intercepts of 67.2 gpt over 1.5 meters
11/26/2007 Reports New High-Grade Gold Intercept 18.0 gpt over 9.1 met...
10/22/2007(Fire Creek)Hits New High-Grade Intercept (41.55 gpt/1.21 oz/ton over 4....
9/14/2007(Fire Creek)Drilling Results Increase Klondex's Gold Resource By Extendi...
7/5/2007(Fire Creek)Records Drill Intercept of 8.32 oz/ton Gold over 2.6 Feet Fr...
Corporate news of Klondex Mines Ltd
5/10/2016Klondex Mines reports 1Q loss
2/1/2016Klondex Receives BLM Approval for the Environmental Assessme...
1/22/2016Klondex Completes Acquisition of Rice Lake Mine and Mill Com...
1/19/2016Klondex Announces 2015 Production of ~128,000 GEOs; 2016 Pro...
12/29/2015Klondex Announces Changes to Its Board of Directors
12/17/2015Klondex Announces Acquisition of Rice Lake Mine and Mill Com...
12/3/2015Klondex Increases Total Mineral Reserves by ~19% in 2015
10/23/2015Klondex Announces Sales of 33,846 GEOs in Q3 2015; Increases...
10/19/2015U.S. Global Investors' Frank Holmes and Ralph Aldis Intervie...
10/8/2015Klondex Provides Update on Midas' Exploration Drill Program
10/6/2015Klondex Modifies NYSE MKT Exchange Symbol to "KLDX"
10/5/2015Klondex Approved for Listing on NYSE MKT Exchange Under the ...
9/10/2015Klondex Completes $26,270,000 Bought Deal Public Offering of...
8/12/2015Klondex Reports Second Quarter 2015 Cash Increase of $13.1 m...
8/6/2015Klondex Mines Bolsters Executive Team by Appointing John Sea...
8/5/2015Klondex Mines Schedules 2Q 2015 Conference Call for Thursday...
8/4/2015Klondex Discovers New Veins at Fire Creek; Intercepts 9.1 g/...
7/22/2015Klondex Reports Record Sales of 34,188 GEOs in 2Q2015; Incre...
7/14/2015Klondex Begins Construction of Midas Tailings Expansion
6/18/2015Klondex Receives WPCP Permit from State of Nevada; The Tonna...
4/14/2015Recovers 32,542 GEO in 1Q2015
4/7/2015Releases Midas Phase I Drill Program Results
4/7/2015Klondex Releases Midas Phase I Drill Program Results
4/1/2015Files Pre-Feasibility Study for the Midas Mine
4/1/2015Klondex Files Pre-Feasibility Study for the Midas Mine
3/25/2015Klondex Reports Net Income of $18.3 Million or $0.16 per Sha...
3/25/2015Reports Net Income of $18.3 Million or $0.16 per Share in In...
3/17/2015Klondex Files Pre-Feasibility Study Technical Report in Rela...
3/9/2015Schedules Fourth Quarter 2014 Conference Call for Wednesday,...
3/9/2015Klondex Mines Schedules Fourth Quarter 2014 Conference Call ...
2/25/2015Klondex to Exhibit and Present at the PDAC; Present at Red C...
2/23/2015Klondex Reports Initial Fire Creek and Midas Mineral Reserve...
1/29/2015Klondex Increases Mineral Resource Estimate at Fire Creek
1/19/2015Klondex Recovers 107,860 Au Equivalent Ounces in First Year ...
12/16/2014Klondex Mines Bolsters Executive Team by Appointing Brian Mo...
12/3/2014Klondex Enters Into Toll Milling Agreement With LKA Gold
11/25/2014Klondex Mines Receives $10.3 Million From the Exercise of Wa...
11/12/2014Klondex Reports Q3 Production Cost of US$439 per Ounce Sold ...
10/28/2014Klondex Mines Schedules Third Quarter 2014 Conference Call f...
10/23/2014Klondex Celebrates 2 Years No Lost Time Accidents at Fire Cr...
10/20/2014Klondex Mines Reports Third Quarter 2014 Operations Results
10/8/2014Klondex Releases Fire Creek Drill Program Results
10/1/2014IIROC Trade Resumption - KDX
9/30/2014Klondex Increases Mineral Resource Estimate at Midas
9/30/2014IIROC Trading Halt - KDX (all issues)
9/18/2014Klondex to Trade on S&P/TSX SmallCap Index
9/15/2014Klondex Identifies Another New Structure, the "Honeyrunner"
9/10/2014Klondex Reports on Midas Infill Drilling Program
9/10/2014Klondex Comments on Report
12/6/2013Klondex Announces Acquisition Financing Update
10/28/2013Completes Secondary Egress Excavation-Enters Bulk Sampling P...
10/22/2013Retires Short-Term Debt
10/16/2013Announces Closing of C$19 Million Financing
10/8/2013Announces Further Infill Drilling Results
9/30/2013Announces August Development Results at Fire Creek
9/23/2013Announces Receipt of Proceeds
9/12/2013Announces July Development Results
8/12/2013(Fire Creek)Sends First Shipment to Newmont, Electrifies Fire Creek
7/29/2013Reports Results of June Development Program
7/26/2013Secures Agreement for High-Grade Mineralization
7/26/2013Klondex Announces Bridge Loan
7/25/2013US Global Investors' Ralph Aldis recommends Klondex Mines Lt...
7/25/2013US Global Investors' Ralph Aldis recommends Klondex Mines Lt...
7/16/2013Announces Renaud Adams to Board
7/16/2013Primero - Klondex Names Mining Executive Renaud Adams to the...
7/10/2013Joyce Vein Sampling Averages 132.8g/t (3.87opt) Gold
6/27/2013Samples 22,396 gpt Gold
6/18/2013Announces New Mineralized Structure
6/13/2013AGM Meeting CORRECTION
6/13/2013Annual General Meeting Invitation
6/12/2013Announcement
5/30/2013Drilling Confirms New West Zone Gold Mineralization; All Fiv...
5/16/2013Profiled by Michael Brush - MSN Money
5/8/2013Klondex Presenting at The MoneyShow in Las Vegas - May 14
5/8/2013CEO to Exhibit and Present at the Las Vegas MoneyShow; CEO C...
5/1/2013Completes Relogging Effort
5/1/2013Completes Core Re-Logging
4/9/2013Confirms Zone of Gold Mineralization South of Mineral Resour...
4/2/2013Veris Gold Enters Into A Toll Milling Agreement With Klondex...
4/2/2013Klondex Signs Milling Agreement with Veris Gold
3/21/2013Featured on B-TV Business Television
3/21/2013Klondex Video on BTV
3/14/2013News Release
2/25/2013NAMES LARRY PHILLIPS CHAIRMAN OF THE BOARD
2/20/2013- The Northern Miner
2/19/2013Nevada Gold Explorer Klondex Mines to Present at Red Cloud M...
2/8/2013- The Northern Miner
1/22/2013Discovers a New "West Zone" With Significant Visible Gold Mi...
1/16/2013Press Announcement
11/8/2012. Provides Update on Offering
10/31/2012Encounters Two Gold Veins with 95.5 g=2Ft (2.79 oz=2Fton) Go...
9/13/2012Names Paul Andre Huet=2C Who Led the Midas and Hollister Und...
8/29/2012(Fire Creek)Drills Long Intercepts of Near=2DSurface=2C Oxidized Gold Mi...
7/16/2012(Fire Creek)Nevada Gold Explorer Klondex Mines Announces Interim CEO And...
6/28/2012=2D Klondex Mines Announces Proxies Will be Accepted Up to C...
6/18/2012(Fire Creek)=3A Underground In=2DFill Drilling Continues to Intersect Go...
4/23/2012Nevada Gold Explorer Klondex Mines Begins Trading Today on t...
4/16/2012(Fire Creek)Underground In=2DFill Drilling Continues to Intersect Gold M...
3/1/2012(Fire Creek)Initial Underground Drill Results Show Continuity of Gold Mi...
2/14/20122011 Drill Program Results Press Release
2/14/2012Mid-Day Breaking News From International Enexco, Klondex, Zi...
1/26/2012Nevada Gold Explorer Klondex Mines to Webcast Merriman Capit...
12/21/2011Nevada Gold Explorer=2C Klondex Mines=2C Appoints Veteran Ge...
10/5/2011Mid-Day Breaking News From Lucky Strike, Galore, Indigo, Klo...
6/30/2011Announces Settlement Agreement and New Proposed Board
6/29/2011Waives Deadline for Submitting Proxies
6/27/2011Proposes Veteran Mining Industry Executive Ken Stowe as Addi...
6/22/2011ISS Recommends Klondex Shareholders Vote For Incumbent Klond...
5/11/2011(Fire Creek)Clarifies Technical Disclosure, To Prepare Fire Creek Report
4/28/2011(Fire Creek)Portal Blast Formally Launches Underground Gold Mining at Kl...
4/18/2011(Fire Creek)Announces Expanded 2011 Surface Exploration Program at its H...
4/6/2011Closes U.S. $20 Million Secured Facility to Advance Undergro...
4/6/2011(Fire Creek)BREAKING NEWS: Klondex Secures $20mm Gold-Backed Funding for...
2/24/2011Names Robin Goad, Veteran Geologist and Mining Industry Exec...
2/22/2011(Fire Creek)Receives Nevada State Approval for Fire Creek High-Grade Gol...
10/6/2009to Vigorously Defend Against Baseless Paramount Suit and to ...
9/25/2009Terminates Agreement with Paramount Gold and Silver Corp. Ci...
9/17/2009Reports Proceeds of $2.0 Million from Warrant/Option Exercis...
7/20/2009Business Combination
6/30/2009Rejects Silvercorp's Hostile Takeover Bid
6/30/2009Completes $3.0 Million Financing with China Mineral United t...
6/26/2009Scotia Capital Appointed by Klondex as Financial Advisor to ...
6/23/2009Waives Application of Previous Shareholder Rights Plan and A...
6/8/2009Responds to Unsolicited Acquisition Offer from Silvercorp Me...
9/18/2008Grants Incentive Options
8/12/2008President Exercises Options
7/9/2008Intercept Averaging 0.361 oz/ton Gold over 18 Feet True Widt...
6/19/2008Announces AGM Voting Results
4/30/2008Provides Investor Update
1/14/2008to Highlight New Gold Intercepts from its Nevada Exploration...
11/27/2007 Highlight Nevada Gold Exploration Progress at Academy & Fin...
11/8/2007to Highlight Nevada Gold Exploration Progress at Hard Assets...
10/11/2007Klondex to Highlight Nevada Gold Exploration and Development...
6/27/2007Receives Shareholder Petition
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