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Klondex Mines Ltd.
Summary
| Project: | Midas Mine | |
|---|---|---|
| Deposit: | Midas Mine | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-9-2016: Klondex Mines Ltd. announces a Resource Estimation report for its Midas Mine deposit at the Midas Mine project. Updated mineral resources and ore reserves for Midas Mine. Vancouver, BC – September 14, 2016– Klondex Mines Ltd. (KDX:TSX; KLDX:NYS | |
| Resources: | (Reserve, P+P): 449Kt @ 10.68g/t Au, 189.2g/t Ag at Midas Mine | |
| CP/QP: | [Resources]: Mark Odell (Practical Mining LLC) | |
| ABSTRACT: | Vancouver, BC – September 14, 2016– Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” or the “Company”) is pleased to provide a Mineral Reserve and Mineral Resource update for the Fire Creek Mine (“Fire Creek”) and Midas Mine (“Midas”), both located in Northern Nevada. Paul Huet, President and CEO stated, "We are pleased to have once again increased our Mineral Reserves and Mineral Resources in Nevada. Midas and Fire Creek continue to demonstrate that their exploration potential remains intact and we will continue to aggressively invest in these flagship assets.” The Fire Creek Mineral Resource is based on 1,043 drill holes totaling 210,995 m (692,241 ft) and includes data from 206 new drill holes totaling 33,921 m (111,288 ft), completed by Klondex since June 2015. In addition to the drilling, the Mineral Resource estimate also utilizes 4,321 channel samples provided from mining on the structures. The Midas Mineral Resource is based on 4,366 drill holes totaling 887,670 m (2,912,303 ft) and includes data from 118 new drill holes totaling 19,334 m (63,431 ft), completed by Klondex since May 2015. In addition to the drilling, the Mineral Resource estimate also utilizes 20,751 channel samples provided from mining on the structures. The updated Mineral Reserve for Fire Creek and Midas was prepared by Practical Mining, LLC. | |
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