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Klondex Mines Ltd.
Summary
| Project: | True North | |
|---|---|---|
| Deposit: | True North | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 29-6-2016: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its True North deposit at the True North project. Drilling results incl. 7.2m @ 122.1g/t Au from 66.1m. Vancouver, BC – June 29, 2016– Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Internal) | |
| ABSTRACT: | Vancouver, BC – June 29, 2016– Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE MKT) (“Klondex” or the “Company”) is pleased to announce partial results of its initial drill program at its True North Gold Mine (“True North”) in Manitoba, Canada. Additionally, based on historic drilling and the positive results of this initial drill program, the Company now expects to be in position to make a production decision in the third quarter of 2016. We have received assays for the first 30 underground drill holes totaling 13,288 ft (4,050 m). This definition drilling was targeting the up-dip extensions of the 710/711 zones at True North, where the Company intends to commence production. Assays from the remaining drill holes are pending. Mr. Paul Huet, President and CEO commented, “We continue to make excellent progress at True North. The results of this initial drill program are beyond our expectations and so we now expect to make a production decision in the third quarter.” Mr. Huet continued, “Additionally, the Tailings Reprocessing Project continues to progress as expected and we now expect the mineral resource estimate to be completed in the third quarter.” | |
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