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Klondex Mines Ltd

Publié le 13 février 2014

Infill Drilling Extends Joyce and Vonnie Veins at Fire Creek

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Klondex Mines Infill Drilling Extends Joyce and Vonnie

Veins at Fire Creek 

 

    • 166.0 g/t (4.8 opt) Au over 1.52 m (5.0 ft)  - FC-13-99U
    • 47.5 g/t (1.4 opt) Au over 2.50 m (8.2 ft)  - FC-13-104U
    • 146.2 g/t (4.3 opt) Au over 1.92 m (6.3 ft)  - FC-13-106U
    • 69.6 g/t (2.0 opt) Au over 1.52 m (5.0 ft) - FC-13-107U

 

Vancouver, BC - February 13, 2014 - Klondex Mines Ltd. (TSX: KDX; OTCQX: KLNDF), a gold exploration and development company, today provides an update on recent underground infill and exploration drilling from its Fire Creek gold project near Elko, Nevada.  A total of seventeen drill holes were drilled to the east of the main decline from Muck Bay (MB) 6 and Diamond Drill Station (DDS) 6 and 17 ( See FIGURE 1 ).

                                                                          

Drilling east from MB6, designed to test the northern extension of the Vonnie vein, intersected the Vonnie structure in all five holes of the fan.  The lower two holes successfully extended mineralization at depth, from 42.7 m (140 ft) to 96 m (315 ft) below the current workings.  The location of mineralization intersected in these holes is consistent with the known geometry of mineralization along the Vonnie vein.  The upper three holes did not encounter mineralization above the cut-off grade of 5 g/t (0.15 opt) Au.

 

Drilling east from DDS-17 continues to demonstrate continuity of mineralization along the Joyce vein. Drill intercepts on the Joyce vein extended mineralization north by 61 m (200 ft) along strike of the current underground development, and by 27 m (90 ft) down dip and 46 m (150 ft) up dip.  FC-13-107U identified one new mineralized structure northeast of the Vonnie vein, continuing to support and demonstrate the potential for finding additional mineralization within the Fire Creek property.  Drilling encountered the Vonnie structure, but did not locate mineralization above the cut-off grades.  Klondex will continue testing the northern extensions of the veins, by extending the main decline to the northwest to establish additional drill platforms. 

 

Infill fan drilling from DDS 6 extended the Joyce and the Vonnie vein mineralization, slightly updip and downdip. Additional fan drilling is currently underway in DDS 6. Assays are pending.

 

Mike Doolin, Klondex General Manager stated, "Our drilling program continues to impress us as we have intersected several new areas of gold and silver mineralization. This continues to support our geologic model that there is a strong likelihood to encounter additional subparallel veins within the East and West zones.  Our planned infill and exploration drill programs for 2014 will be expanded in all directions in an effort to increase the current known mineral resources at Fire Creek."

 

The technical information contained in this press release has been reviewed and approved by Mark Odell of Practical Mining LLC, an Independent Qualified Person (Nevada PE 13708 and SME 2402150) for the purposes of National Instrument 43-101. - See more at: http://klondexmines.com/s/news.

 

Assays were performed by SGS Minerals Services of Elko, Nevada (an independent laboratory), under the supervision of Klondex staff. For additional sampling parameters, please see the press release dated September 30, 2013.

 

 

Hole ID

TD

From

To

Length

From

To

Length

Grade

Drill Station

(m)

(ft)

(m)

(ft)

(g/t)

Au

(opt) Au

 

FC-13-094U

152.7

501

 

 

 

No Significant Results

 

 

 

 

DDS 14 / MB 6

 

FC-13-095U

108.5

356

 

 

 

No Significant Results

 

 

 

 

DDS 14 / MB 6

 

FC-13-096U

155.1

509

 

 

 

No Significant Results

 

 

 

 

DDS 14 / MB 6

 

FC-13-097U

153.3

503

58.8

60.2

1.34

193

197.4

4.4

20.14

0.587

DDS 14 / MB 6

 

FC-13-098U

317.6

1042

78.8

79.0

0.21

258.6

259.3

0.7

142.5

4.157

DDS 14 / MB 6

 

and

 

 

84.1

84.2

0.12

276

276.4

0.4

11.2

0.327

 

 

and

 

 

99.1

100.4

1.34

325

329.4

4.4

15.17

0.442

 

 

and

 

 

102.8

103.4

0.61

337.2

339.2

2

38.3

1.117

 

 

FC-13-099U

117.7

386

63.4

64.9

1.52

208

213

5

166

4.842

DDS 17

 

FC-13-100U

200.3

657

18.8

19.4

0.64

61.7

63.8

2.1

69.10

2.016

DDS 17

 

FC-13-101U

215.2

706

8.2

8.3

0.09

27

27.3

0.3

14.45

0.422

DDS 17

 

FC-13-102U

203.3

667

 

 

 

No Significant Results

 

 

 

 

DDS 17

 

FC-13-103U

214.0

702

11.6

12.0

0.37

38.1

39.3

1.2

7.89

0.230

DDS 17

 

and

 

 

30.3

30.6

0.34

99.4

100.5

1.1

11.2

0.327

 

 

and

 

 

32.4

33.8

1.37

106.3

110.8

4.5

39.47

1.151

 

 

FC-13-104U

31.4

103

24.3

26.8

2.50

79.8

88

8.2

47.50

1.386

DDS 17

 

 

FC-13-105U

144.2

473

52.1

53.8

1.74

170.8

176.5

5.7

10.49

0.306

DDS 17

 

 

FC-13-106U

119.8

393

36.9

38.4

1.52

121

126

5

27.40

0.799

DDS 17

 

and

 

 

60.4

62.3

1.92

198

204.3

6.3

146.19

4.264

 

 

and

 

 

100.0

103.0

3.05

328

338

10

6.43

0.188

 

 

 

FC-13-107U

271.3

890

18.5

20.1

1.58

60.8

66

5.2

24.6

0.718

DDS 17

 

and

 

 

24.6

24.8

0.21

80.6

81.3

0.7

171.5

5.003

 

 

and

 

 

26.7

27.1

0.37

87.6

88.8

1.2

78

2.275

 

 

and

 

 

28.0

29.0

1.07

91.7

95.2

3.5

15.57

0.454

 

 

and

 

 

31.4

32.9

1.52

103

108

5

69.6

2.030

 

 

and

 

 

243.3

244.1

0.85

798.2

801

2.8

35.2

1.027

 

 

and

 

 

246.2

247.2

1.04

807.6

811

3.4

16.9

0.493

 

 

 

FC-13-108U

26.8

88

26.4

26.8

0.46

86.5

88

1.5

67.40

1.966

DDS 17

 

 

FC-13-109U

154.5

507

3.2

3.7

0.43

10.6

12

1.4

5.22

0.152

DDS 6

 

and

 

 

36.8

39.9

3.17

120.6

131

10.4

17.33

0.505

 

 

and

 

 

65.3

65.7

0.43

214.1

215.5

1.4

8.92

0.260

 

 

and

 

 

67.1

67.4

0.30

220

221

1

288

8.401

 

 

FC-13-110U

92.0

302

35.7

37.0

1.30

117

121.5

4.5

22.62

0.660

DDS 6

 

and

 

 

46.3

47.1

0.79

152

154.6

2.6

5.02

0.146

 

 

and

 

 

66.7

67.0

0.30

218.7

219.7

1

216.00

6.300

 

 

and

 

 

75.5

77.6

2.13

247.8

254.8

7

10.84

0.316

 

Table 1: Fire Creek Drilling Assays and Locations, cut-off grade of 5 g/t (0.15 opt) Au, true widths are not known.

 

About Klondex Mines Ltd. (www.klondexmines.com)

Klondex Mines is focused on the exploration, development and production of its high quality gold and silver projects. The company is operating an ongoing bulk sampling program at its Fire Creek gold project located in north central Nevada. Fire Creek is in a mining-friendly jurisdiction, with onsite power and mining infrastructure, and near major producers. Midas, Klondex' newly acquired operating mine and milling facility are located ~110 miles north of Fire Creek. 

 

For more information, please contact:                    

Paul Huet                                                                                                                             

President & CEO                                          

1-775-284-5757                                                                                                               

investors@klondexmines.com                                                                                     

 

Alison Tullis

Manager, Investor Relations                  

1-647-233-4348

atullis@klondexmines.com

 

Forward-looking statements

This news release contains certain information that may constitute forward-looking information under applicable Canadian securities legislation, including information about the magnitude and quality of the Fire Creek Project the results of exploration at the Fire Creek Project, . This forward-looking information entails various risks and uncertainties are based on current expectations, and actual results may differ materially from those contained in such information. These risks and uncertainties include, but are not limited to the risks and hazards associated with environmental compliance and permitting for its underground operations, 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. 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 information or to update the reasons why actual results could differ from such information unless required by law. 

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CODE : KDX.TO
ISIN : CA4986961031
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Klondex Mines est une société développant des projet miniers d'or et d'argent basée au Canada.

Klondex Mines détient divers projets d'exploration en USA.

Son principal projet en développement est FIRE CREEK en USA et ses principaux projets en exploration sont MAGGIE CREEK, REEF, HOT SPRINGS POINT, CORRAL CANYON et SWALES MOUNTAIN en USA.

Klondex Mines est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 543,8 millions CA$ (414,3 millions US$, 354,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 08 décembre 2000 à 0,06 CA$, et son plus haut niveau récent le 04 novembre 2016 à 7,95 CA$.

Klondex Mines possède 177 130 000 actions en circulation.

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TORONTO (KDX.TO)Other OTC (KLNDF)
3,07+1.32%2,47-1.59%
TORONTO
CA$ 3,07
24/07 17:00 0,040
1,32%
Cours préc. Ouverture
3,03 3,03
Bas haut
3,00 3,09
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  3,07 -%
Volume var. 1 mois
1 962 298 -%
24hGold TrendPower© : -31
Produit
Développe Gold
Recherche Gold - Silver
 
 
 
Analyse
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Dernière mise à jour le : 15/07/2010
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Top Newsreleases
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Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
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0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
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Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
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Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
12,26 US$+2,68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
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Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,64 CA$-1,86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,23 CA$+4,04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+4,26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$+2,63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,88 CA$+0,53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
52,71 US$+0,19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+5,56%Trend Power :