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Klondex Mines Ltd.
Summary
| Project: | Fire Creek | |
|---|---|---|
| Deposit: | Fire Creek | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 3/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-3-2018: Klondex Mines Ltd. announces a Resource Estimation report for its Fire Creek deposit at the Fire Creek project. Amended technical report for updated mineral resource estimate. The technical report titled "Technical Report for the Fire Creek Proj | |
| Resources: | (Reserve, P+P): 319Kt @ 0.708oz/t Au, 0.69oz/t Ag at project | |
| CP/QP: | [Resources]: Mark Odell (Practical Mining LLC.) | |
| ABSTRACT: | The technical report titled "Technical Report for the Fire Creek Project, Lander County, Nevada" (the "Technical Report") was originally filed on SEDAR on February 5, 2018. The Technical Report is being amended in order to correct certain formula errors and inputs used in Section 21 (page 248) and Section 22 (page 251). The changes to Section 21 were made to remove 2018 drilling capital from Table 21-1 and to remove capital costs shown in Table 21-3, which are not modeled as such in Section 22, and add those costs to Table 21-4. The latter change presents a more representative view of operating costs used in the financial model. The changes to Section 22 were made to Tables 22-1, 22-2, 22-3 and Table 1-5 to correct an error in the operating costs in the cash flow model, incorporate the reduction of the unnecessary 2018 drilling capital, correct the estimated royalty payments and make corresponding changes to deprecation, taxes, net income, cash flows, and key operating and financial statistics. These changes are also reflected in Figure 22-1 and Figure 22-2. The above changes resulted in total net income and cumulative cash flows each increasing by $19.6M, as reflected in Tables 22-1 and 22-2. Other than the changes made to the tables and figures noted above, the Technical Report remains the same in all respects. | |
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