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Klondex Mines Ltd.
Summary
| Project: | Hollister | |
|---|---|---|
| Deposit: | Hollister | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 8/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-8-2017: Klondex Mines Ltd. announces a Pre-Feasibility Study report for its Hollister deposit at the Hollister project. Amended mineral reserve statement and PFS results for the Hollister Mine underground. The purpose of this Technical Report (TR) on th | |
| Resources: | (Reserve, P+P): 199.5kt @ 17.3g/t Au, 97.65g/t Ag for 110.3koz Au, 623.7koz Ag contained at project | |
| CP/QP: | [Resources]: Brian Morris (Internal) | |
| ABSTRACT: | The purpose of this Technical Report (TR) on the Hollister Underground Mine (Mine) is to support the Mineral Resources and Mineral Reserves estimates disclosed by Klondex Mines Ltd. (Klondex) in its news releases of June 21, 2017 and July 13, 2017. This Technical Report was prepared by Klondex Mines Ltd. in accordance with the requirements of National Instrument 43-101 (NI 43-101). Reserves have been prepared in accordance with both NI 43-101 and the US Security and Exchange Commission’s (SEC) Industry Guide 7. This TR, dated August 9, 2017, with an effective date of May 31, 2017, updates the previous mineral resource and mineral reserve estimates effective January 1, 2011 (Oelofse et al. 2011) and focuses solely on underground mining. The Mine is located in the Ivanhoe Mining District in western Elko County, Nevada, at latitude 41°06’ North, longitude 116°31’ West. The Mine consists of 1,016 unpatented mining claims in Townships 37 and 38 North, Range 48 East. The Mine is located approximately 61.5 miles east-northeast of the town of Winnemucca (Figure 4-1), 14 miles southeast of the town of Midas, 50 miles northwest of the city of Elko, and 200 miles northeast of the city of Reno, Nevada. The Mine is located along the Northern Nevada Rift (NNR). The Northern Nevada Rift is a major, north-northwest to south-southeast trending structural feature that extends for at least 298 miles, from south-central Nevada to the Oregon-Nevada border. This is on trend with the north-western end of the Carlin Trend, which is approximately five miles wide and approximately 40 miles long. | |
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