| Streetwise Reports Examines How A Gold Explorer's Productive November Leads To Analysts Saying 'Buy' | |
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SAN FRANCISCO, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Multiple projects are showing positive and possible expansions for this gold miner.
Included in this article is: Klondex Mines Ltd. (KDX.TO) (NYSE MKT:KLDX) On Nov. 20, Klondex Mines Ltd. (KDX.TO) (NYSE MKT:KLDX) announced initial results from its Hatter Graben zone and recovery of Hollister ore at Midas Mill. The company highlighted a couple of key points: - Assays were received for the first five surface core holes at Hatter Graben. These are the first assays from an 11-hole drill program that was designed to infill drilling completed during 2008. The intent of this drill program is to develop an initial inferred resource at Hatter Graben.
- Mineralization at Hatter Graben remains open in all directions. Drilling continues and is scheduled to be completed in early December. After which the company expects to receive final assays from the remaining six core holes by year-end.
Analyst Philip Ker with PI Financial stated in a Nov. 21 report that the "Hatter Graben target presents significant opportunity for Klondex to expand the Hollister mine and resource base in the future." He explained that "management also reaffirmed the Hatter Graben displays less clay content than the main mineralized zone at Hollister resulting in more competent rock. The increased competency, steep dip of veins and increased vertical extent suggest that Hatter Graben is suitable to less dilutive mining techniques such as long-hole stoping." Continue reading this article: A Gold Explorer's Productive November Has Analysts Saying 'Buy' About Streetwise Reports Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. DISCLOSURE: The following company mentioned in this article is a sponsor of Streetwise Reports: Klondex Mines Ltd. Streetwise Reports does not accept stock in exchange for its services. The full disclosure is provided at the end of the published article: A Gold Explorer's Productive November Has Analysts Saying 'Buy' For more information, please contact Melissa Farley, Publisher, mfarley@streetwisereports.com. |
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Klondex Mines Ltd
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DEVELOPMENT STAGE |
CODE : KDX.TO |
ISIN : CA4986961031 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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, € 344.7 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. |