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Klondex Mines Ltd.
Summary
| Project: | Fire Creek | |
|---|---|---|
| Deposit: | Fire Creek | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 12/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-12-2017: Klondex Mines Ltd. announces a Resource Estimation report for its Fire Creek deposit at the Fire Creek project. Updated open pit mineral resource. Practical Mining LLC was engaged by Klondex Gold & Silver Mining Company (KGS or Klondex), U.S. | |
| Resources: | (Reserve, P+P): 319Kt @ 0.708Oz/t Au, 0.69Oz/t Ag at project | |
| CP/QP: | [Resources]: Mark Odell (Practical Mining LLC.) | |
| ABSTRACT: | Practical Mining LLC was engaged by Klondex Gold & Silver Mining Company (KGS or Klondex), U.S. subsidiary of Canadian based Klondex Mines Ltd. (Klondex or the Company), to prepare an updated Technical Report (TR) in accordance with National Instrument 43-101 (NI 43- 101) of the Canadian Securities Administrators. Practical Mining’s evaluation of the Fire Creek Project (Fire Creek or the Project), located in Lander County, Nevada, is presented herein. This TR, dated the 5th day of February 2018, with an effective date of November 30, 2017, updates the previous underground mineral resource and mineral reserve estimates and presents an initial open pit mineral resource estimate. The Project is located primarily in Lander County, Nevada with a small portion of the Project boundary in Eureka County, Nevada, approximately 63 miles west of Elko, Nevada. The Project comprises private fee lands (both leased and owned) and unpatented lode mining claims. The land position includes approximately 18,400 acres of unpatented federal lode mining claims, 3,208 acres of private fee land and 429 acres of mineral leases. Overall, the Fire Creek land package is approximately 22,000 acres. The deposit is an epithermal deposit vertically-zoned within high-angle northwest striking structures, low-sulfidation, hosted in a mid-Miocene basalt package. Gold mineralization occurs in two habits: shallow structurally-controlled gold in variably altered Tertiary basalt and primarily native gold in steeply dipping quartz-calcite veins or structures | |
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