Klondex Mines Ltd - an exploration company focused on its flagship Fire Creek Project in Nevada

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Klondex Mines Ltd - an exploration company focused on its flagship Fire Creek Project in Nevada

Klondex Discovers Two High-Grade Gold Veins At Fire Creek Wednesday, October 31, 2012 10:29 AM
Klondex Mines Ltd. (TSX: KDX) discovered two high-grade gold veins during underground exploration on the Main Zone at its Fire Creek Project located in Nevada. The A veins showed a grades of 95.5 grams per ton gold over 0.9 meter while the B vein had grades of 43.5 g/t gold over 1.5 meters, the company says. “These crosscuts have provided further evidence of the continuity and grades of Main Zone gold mineralization at the heart of the Fire Creek deposit,” says Paul Huet, president and chief executive officer of Klondex. “Importantly, these vein structures remain open to the north, south and at depth; they will be the subject of future exploration seeking to unlock the value of this resource.” Klondex is an exploration company focused on its flagship Fire Creek Project.
By Alex Létourneau of Kitco News; aletourneau@kitco.com
 

Klondex Mines (TSX: KDX; OTCQX: KLNDF) is primarily engaged in the surface and underground exploration and development of its 100% owned Fire Creek gold property in North Central Nevada. Fire Creek is strategically located between the past producing Mule Canyon Mine to the north and the world-class Pipeline and Cortez gold deposits to the south. The property comprises 11,208 acres (17.5 square miles) and is readily accessible via Federal and state roads with close access to the electrical power grid. http://www.klondexmines.com/

Edited by admin on 11/08/2014 - 06:19
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More on Fire Creek property

Fire Creek is Klondex Mines' flagship property in North Central Nevada where the Company has discovered an NI 43-101 compliant Indicated Mineral Resource exceeding 1.6 million ounces of gold equivalent and an Inferred Mineral Resource of 0.46 million ounces of gold. Fire Creek's updated resource is detailed in the table below (Click here to link to Klondex's updated technical report on it's 100% controlled Fire Creek Project.)

Fire Creek Project

table

Fire Creek is located in Lander County near the center of the Battle Mountain gold belt in Crescent Valley, approximately ten miles northwest of the massive Pipeline deposit of Barrick (7 million ounces) and five miles southeast of the Mule Canyon deposits of Newmont (3 million ounces). All of this mineralization exists in volcanics within the trend in Crescent Valley that runs south as far as Buckhorn (Barrick).

For much of its history, Fire Creek was considered to be a low-grade, high tonnage "Carlin" type open pit deposit. However geologic data in the late 1980s from the nearby Midas and Mule Canyon deposits suggested Fire Creek was more likely a deeper, higher-grade epithermal deposit.

Deep Drilling Program Finds High-Grade Gold
Klondex's journey from zero to 1.65 million ounces of indicated gold resource and 0.465 million ounces of inferred gold resource was achieved through the focused effort of a streamlined management team. The resource was discovered in a very cost effective manner, with total drilling and related costs of approximately $28.2 million through June 30, 2011. This puts Klondex's finding costs for its 1.65 million ounce indicated resource at approximately $17.14 per ounce. This finding cost is very attractive relative to other gold exploration costs and in light of current gold prices in the range of US $1,700-$1,800 per ounce. Accordingly, Klondex believes its exploration activity has created substantial long-term value for Klondex shareholders.

Full article at http://www.klondexmines.com/~klondex/index.php/projects/fire-creek

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Klondex Samples High-Grade Gold At Fire Creek Jan 2, 2013

Klondex Samples High-Grade Gold At Fire Creek

Wednesday, January 2, 2013 10:31 AM

Klondex Mines Ltd. (TSX: KDX) sampled high-grade gold at its Fire Creek gold project in Lander County, Nevada. Highlights include 496.7 grams per ton gold over 1.82 meters, the company says. “The rib samples are encouraging as they further extend the apparent continuity of the A-vein at a width that is two times the width we encountered to the south while maintaining grades of 2 ounces per ton and higher,” says Paul Huet, chief executive officer of Klondex. “We plan continued sampling on the 5370-ACC crosscut once we have addressed ground conditions caused by the Northwesterly trending fault. We also recently restarted our underground in-fill drilling program to expand our data production from this important area.” Klondex is an exploration and development company focused on its flagship Fire creek project.     

By Alex Létourneau of Kitco News; aletourneau@kitco.com

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Klondex Discovers Significant Gold Mineralization: 123.9 gr/ton

Klondex Discovers a New "West Zone" With Significant Visible Gold Mineralization and 123.9 Grams/Tonne (3.6 oz/ton) Gold Over 1.5 Meters (5 feet)

Elko, NV & Vancouver, BC – January 21, 2013 – Klondex Mines Ltd. (TSX: KDX or OTCQX: KLNDF), a Northern Nevada gold exploration and development company, announces the discovery of new gold mineralization at its flagship Fire Creek project. The discovery (Figure 1) is approximately 165 meters (540 feet) west of the A-Vein mineralization, which forms part of the Main Zone, and represents a new unexplored zone. Klondex intersected 123.9 grams/tonne gold (3.6 oz/ton) over 1.5 Meters (5 feet) while completing a geotechnical drill hole for the design of the planned vent raise. Klondex also encountered visible gold mineralization in three locations in the area: on the left rib of the nearby drift (Figure 2), in a drill hole at the base of the access ramp 5370-RM (Figure 3), and in the geotechnical hole, approximately 6 meters (20 feet) above the access ramp (Figure 4).. 

Paul Huet, CEO of Klondex, commented, “We are very excited by this new discovery at Fire Creek.. A discovery of this nature demonstrates that Fire Creek remains under-explored and that ongoing exploration could lead to other zones providing potential growth for Klondex.

http://www.klondexmines.com/index.php/klondexnews/
current/246-klondex-discovers-a-new-west-zone

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