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Klondex Mines Ltd.
Summary
| Project: | Fire Creek | |
|---|---|---|
| Deposit: | Fire Creek | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-1-2018: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its Fire Creek deposit at the Fire Creek project. Drilling results incl. 10.7m @ 56.65g/t Au, 19.15g/t Ag from 308.5m. Vancouver, BC - January 25, 2018- Klondex Mines Ltd. ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Internal) | |
| ABSTRACT: | Vancouver, BC - January 25, 2018- Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) (“Klondex” or the “Company”) is pleased to provide the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek Mine (“Fire Creek”) located in northern Nevada, USA. Surface Exploration Drill Summary: (FIGURE 1). Seven surface holes were drilled in 2017 totaling 9,868.5 ft (3,007.9 m). The final results from the last four holes of the drill program were recently received. The focus of this drill program was to infill and step out from last year’s drilling with the intent to develop a resource within this mineralized structural corridor. Klondex expects to release an updated resource estimate for Nevada operations during the first quarter of 2018. Surface Exploration Drilling Key Points: (FIGURES 2 and 3) This surface exploration drill program builds on results previously released in 2017 (reported in a press release dated November 15, 2017) and the 2016 exploration program which successfully tested a north-south geophysical anomaly located about 4,000 ft (1,219 m) northwest of the current mine workings. This drilling has identified a zone of high grade mineralization within the Zeus structural corridor, approximately 900 ft (274 m) in length and 400 ft (122 m) vertical. This high grade zone is within 400 ft (122 m) of surface and is open in all directions. Additional drilling is scheduled in 2018 as Klondex expects to continue to infill and extend this significant high grade mineralization. | |
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