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Klondex Mines Ltd.
Summary
| Project: | Fire Creek | |
|---|---|---|
| Deposit: | Fire Creek | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-2-2017: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its Fire Creek deposit at the Fire Creek project. Drilling results incl. 5.2m @ 14.6g/t Au. 21.74g/t Ag from 299.8m. Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Internal) | |
| ABSTRACT: | Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” or the “Company”) is pleased to provide results on the completed 2016 surface exploration drill program at its Fire Creek Mine (“Fire Creek”) located in northern Nevada, USA. The following drill results are not included within the mineral reserve and mineral resource estimates released on September 14, 2016. Eighteen surface holes totaling 28,721 ft (8,754.2 m) were drilled during the reporting period. These exploration holes primarily targeted mineralization extensions in the West, North and East areas. The North Expansion drilling continues to offset and extend known mineralization beyond the current Fire Creek underground footprint (FIGURE 4). Holes FCC-0056 and FCC-0057 have collectively extended at least one of the underground veins approximately 1,500 ft (457.2 m) to the north and is open to the north and vertically. Mr. Brian Morris, Vice President, Exploration said, “The 2016 surface drill program at Fire Creek ended successfully with follow up drilling in the West, East,and Northzones. These drill results continue to extend mineralization along strike and vertically and demonstrate the potential to contain high-grade mineralization, similar to what is currently being mined.” Mr. Morris continued, “Geophysics are proving to be an effective exploration tool in the Fire Creek District. We have numerous similar untested geophysical signatures in the district suggesting the potential for substantial resource expansion in the near future.” | |
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