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Klondex Mines Ltd.
Summary
| Project: | True North | |
|---|---|---|
| Deposit: | True North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 29-3-2017: Klondex Mines Ltd. announces a Resource Estimation report for its True North deposit at the True North project. Updated mineral resource and reserve estimate at True North. Practical Mining LLC (PM) and P&E Mining Consultants Inc. (P&E) were en | |
| Resources: | (Reserve, P+P): 2.384Mt @ 0.062oz/t for 147.9koz Au contained at project | |
| CP/QP: | [Resources]: Fred Brown (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Practical Mining LLC (PM) and P&E Mining Consultants Inc. (P&E) were engaged by Klondex Mines Ltd. (KGS or Klondex or the Company), to prepare an updated Technical Report (TR) in accordance with National Instrument 43-101 (NI 43-101) of the Canadian Securities Administrators. PM’s and P&E’s evaluation of the True North Mine (True North Project, True North or the Project), located in Bissett, Manitoba, Canada, is presented herein. This TR, dated the 12th day of May 2017, with an effective date of March 31, 2017, updates the previous mineral resource and mineral reserve estimates effective June 30, 2016 (Puritch et al. 2016). True North is located in southeast Manitoba, Canada at the edge of Bissett township on the north shore of Rice Lake. It lies approximately 100 miles (162 kilometers) northeast of Winnipeg, roughly 150 driving miles via all-weather Provincial highways. The town of Bissett is a long established mining community with a fluctuating population which is currently approximately 340 people. The mineral resource estimate is based on data from 7,877 surface and underground drill holes, completed through January 5, 2017. This estimate also includes 29,214 channel samples from underground drifting. Excavation designs for stopes, stope development drifting, and access development were created using Vulcan software. Stope designs were aided by the Vulcan Stope Optimizer Module. The stope optimizer produces the stope cross section which maximizes value within given geometric, design and economic constraints. | |
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