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Klondex Mines Ltd.
Summary
| Project: | Fire Creek | |
|---|---|---|
| Deposit: | Zeus | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-11-2017: Klondex Mines Ltd. announces an Exploration/Drilling Update report for its Zeus deposit at the Fire Creek project. Drilling results incl. 4.3m @ 43.69g/t Au, 23.16g/t Ag from 197.4m. Vancouver, BC - November 15, 2017- Klondex Mines Ltd. (TSX: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brian Morris (Internal) | |
| ABSTRACT: | Vancouver, BC - November 15, 2017- Klondex Mines Ltd. (TSX: KDX; NYSE American: KLDX) (“Klondex” or the “Company”) is pleased to provide an update on the 2017 surface and underground exploration drill programs at its Fire Creek Mine (“Fire Creek”) located in northern Nevada, USA. Three surface drill holes totaling 4,171 ft (1,271 m) have been completed to-date on the Zeus target. A total of 52 underground drill holes totaling 30,843 ft (9,401 m) were drilled from current underground workings. This surface exploration drill program was to follow up on the 2016 exploration program which successfully tested a north-south geophysical anomaly located approximately 4,000 ft (1,219 m) west of the current mine workings. These drill results discovered a zone of high grade mineralization within the Zeus structure. Drilling to-date has delineated a mineralized area within the structure approximately 650 ft (198 m) in length and 400 ft (122 m) vertically, within 400 ft (122 m) of surface and is open in all directions. Additional follow up holes are in progress to continue to expand and infill this significant high grade mineralization. This underground drill program was designed to extend mineralization up and down-dip on the existing veins currently in production. Results continue to support high grade mineralization continuity in both directions outside the currently defined resource. These drill results are not included in the current resource estimate. | |
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