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Klondex Mines Ltd.
Summary
| Project: | Hollister | |
|---|---|---|
| Deposit: | Gloria Vein | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-5-2017: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its Gloria Vein deposit at the Hollister project. Drilling results incl. 1.2m @ 69.12g/t Au, 3792.0g/t Ag from 46.5m. Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Not stated) | |
| ABSTRACT: | Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” or the “Company”) is pleased to provide an update on project development activities and underground drilling at its Hollister Mine (“Hollister”) located in northern Nevada, USA. These drill results will be included in the Company’s initial mineral resource estimate scheduled to be released in the second quarter. Thirty Nine underground core holes totaling 14,656 ft. (4,467 m) were drilled during this reporting period. The intent of this drill program was to infill the pre-existing drill holes to increase the drill hole density in the Gloria zone. This will allow the Company to produce an initial mineral resource estimate for the Gloria vein system, which is expected to be released in the second quarter. Mr. Brian Morris, Senior Vice President, Exploration said, “We are seeing excellent grades and widths in the drill results which are consistent with what was historically mined in the main Hollister Mine.” Mr. Morris continued, “Moreover the mineralized vertical extent appears to be similar to the Main Hollister workings.” londex is a well-capitalized, junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. The Company has 100% interests in three producing mineral properties: the Fire Creek Mine and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly known as the Rice Lake Mine) and mill in Manitoba, Canada. | |
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