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Klondex Mines Ltd.
Summary
| Project: | Hollister | |
|---|---|---|
| Deposit: | Hollister | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 6/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2017: Klondex Mines Ltd. announces a Resource Estimation report for its Hollister deposit at the Hollister project. 74% of current Resource Estimate is in the Measured and Indicated category. Reno, NV – June 21, 2017 – Klondex Mines Ltd. (KDX:TSX; KL | |
| Resources: | (Resource): 0.43Mt @ 16.6g/t Au, 86.9g/t Ag (M.+I.) & 0.18Mt @ 14.4g/t Au, 92.9g/t Ag\ | |
| CP/QP: | [Resources]: Brian Morris (Not stated) | |
| ABSTRACT: | Reno, NV – June 21, 2017 – Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” or the “Company”) is pleased to announce an initial Mineral Resource Estimate for its Hollister Mine (“Hollister”) in Nevada, which incorporated results from drilling performed prior to the Company’s acquisition of the property and data generated from additional drilling performed by Klondex subsequent to acquiring the property. Paul Huet, President and CEO stated, "This initial Mineral Resource estimate is very encouraging. Approximately 74% of the total Mineral Resource Estimate is in the M&I category and sits within both the newly discovered Gloria system that remains completely open to the West and in the Hollister main zone.” Mr. Huet continued, “As previously communicated, these results do not include any mineral resources from the Hatter Graben zone, which we started drilling this week. This new resource provides us a platform and several select areas to begin our mining at Hollister. The rampup continues as expected with the initial tons from the stockpile to be processed in the Midas mill during the third quarter. Initially, we intend to batch process the Hollister ore independent from Midas and Fire Creek ore. Production from bulk sampling is expected to continue to progressively increase over the second half of the year and we continue to expect to meet our annual operational guidance.” The initial Mineral Resources Estimate is based on 2,863 drill holes totaling 1,449,568 ft (441,828 m) and includes data from 39 new drill holes totaling 14,656 ft (4,467 m), completed by Klondex since the acquisition of the property in October 2016. In addition to the drilling, the Mineral Resource Estimate also includes 14,821 channel samples provided from mining on the mineralized structures. | |
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