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Klondex Mines Ltd.
Summary
| Project: | Hollister | |
|---|---|---|
| Deposit: | Hatter Graben | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-1-2018: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its Hatter Graben deposit at the Hollister project. Drilling results incl. 0.4m @ 137.45g/t Au, 277.71g/t Ag from 604.1m.. Vancouver, BC - January 18, 2018 - Klondex Mines L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Internal) | |
| ABSTRACT: | Vancouver, BC - January 18, 2018 - Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) (“Klondex” or the “Company”) is pleased to provide the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister Mine (“Hollister”). Initial results for the first five holes of the drill program were published on November 20, 2017. Hollister is located in northern Nevada, USA. The final phase of the Hatter Graben exploration program was completed in December 2017 with ten surface core holes totaling 26,714.5 ft (8,142.6 m). Nine drill holes successfully tested the Hatter Graben vein system while one drill hole (H17- 009) was lost short of the designed targets due to poor ground conditions. This program was designed to infill drilling completed during 2008 with the intent to develop an initial inferred resource at Hatter Graben, which is anticipated to be released during the first quarter of this year. (Figure 1) Drilling from the most recent five holes continued to intersect multiple sub-parallel veins that extend mineralization along strike by approximately 800 ft (243.8 m) and down dip approximately 200 ft (61.0 m), bringing the known extent of the multiple sub-parallel mineralized veins to approximately 1,400 ft (426.7 m) of vertical height and 2,000 ft (609.6 m) of strike length. Mineralization remains open in all directions. (Figure 2) In addition, the drill data suggests that mineralization appears to be strengthening to the east and is hosted in more competent rock compared to the Hollister mine. The preferable ground conditions at Hatter Graben should allow for better vein development, superior dilution control and provides the option for the more efficient long-hole stoping mining method. | |
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