Klondex Mines Infill Drilling Extends Joyce and Vonnie Veins at Fire Creek
February 13 2014 - 6:30AM
Marketwired
Klondex Mines Infill Drilling Extends Joyce and Vonnie Veins at
Fire Creek
-- 166.0 g/t (4.8 opt) Au over 1.52 m (5.0 ft) - FC-13-99U
-- 47.5 g/t (1.4 opt) Au over 2.50 m (8.2 ft) - FC-13-104U
-- 146.2 g/t (4.3 opt) Au over 1.92 m (6.3 ft) - FC-13-106U
-- 69.6 g/t (2.0 opt) Au over 1.52 m (5.0 ft) - FC-13-107U
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2014) -
Klondex Mines Ltd. (TSX:KDX)(OTCQX:KLNDF), a gold exploration and
development company, today provides an update on recent underground
infill and exploration drilling from its Fire Creek gold project
near Elko, Nevada. A total of seventeen drill holes were drilled to
the east of the main decline from Muck Bay (MB) 6 and Diamond Drill
Station (DDS) 6 and 17 (See FIGURE 1).
Drilling east from MB6, designed to test the northern extension
of the Vonnie vein, intersected the Vonnie structure in all five
holes of the fan. The lower two holes successfully extended
mineralization at depth, from 42.7 m (140 ft) to 96 m (315 ft)
below the current workings. The location of mineralization
intersected in these holes is consistent with the known geometry of
mineralization along the Vonnie vein. The upper three holes did not
encounter mineralization above the cut-off grade of 5 g/t (0.15
opt) Au.
Drilling east from DDS-17 continues to demonstrate continuity of
mineralization along the Joyce vein. Drill intercepts on the Joyce
vein extended mineralization north by 61 m (200 ft) along strike of
the current underground development, and by 27 m (90 ft) down dip
and 46 m (150 ft) up dip. FC-13-107U identified one new mineralized
structure northeast of the Vonnie vein, continuing to support and
demonstrate the potential for finding additional mineralization
within the Fire Creek property. Drilling encountered the Vonnie
structure, but did not locate mineralization above the cut-off
grades. Klondex will continue testing the northern extensions of
the veins, by extending the main decline to the northwest to
establish additional drill platforms.
Infill fan drilling from DDS 6 extended the Joyce and the Vonnie
vein mineralization, slightly updip and downdip. Additional fan
drilling is currently underway in DDS 6. Assays are pending.
Mike Doolin, Klondex General Manager stated, "Our drilling
program continues to impress us as we have intersected several new
areas of gold and silver mineralization. This continues to support
our geologic model that there is a strong likelihood to encounter
additional subparallel veins within the East and West zones. Our
planned infill and exploration drill programs for 2014 will be
expanded in all directions in an effort to increase the current
known mineral resources at Fire Creek."
The technical information contained in this press release has
been reviewed and approved by Mark Odell of Practical Mining LLC,
an Independent Qualified Person (Nevada PE 13708 and SME 2402150)
for the purposes of National Instrument 43-101. - See more at:
http://klondexmines.com/s/news.
Assays were performed by SGS Minerals Services of Elko, Nevada
(an independent laboratory), under the supervision of Klondex
staff. For additional sampling parameters, please see the press
release dated September 30, 2013.
Figure 1: Underground infill drilling, cut-off
grade of 5 g/t (0.15 opt) Au |
|
TD |
From |
To |
Length |
From |
To |
Length |
Grade |
|
Drill Station |
Hole ID |
(m) |
(ft) |
(m) |
(ft) |
(g/t) Au |
(opt) Au |
|
|
FC-13-094U |
152.7 |
501 |
No Significant Results |
|
DDS
14 / MB 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-095U |
108.5 |
356 |
No Significant Results |
|
DDS
14 / MB 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-096U |
155.1 |
509 |
No Significant Results |
|
DDS
14 / MB 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-097U |
153.3 |
503 |
58.8 |
60.2 |
1.34 |
193 |
197.4 |
4.4 |
20.14 |
0.587 |
|
DDS
14 / MB 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-098U |
317.6 |
1042 |
78.8 |
79.0 |
0.21 |
258.6 |
259.3 |
0.7 |
142.5 |
4.157 |
|
DDS
14 / MB 6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
84.1 |
84.2 |
0.12 |
276 |
276.4 |
0.4 |
11.2 |
0.327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
99.1 |
100.4 |
1.34 |
325 |
329.4 |
4.4 |
15.17 |
0.442 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
102.8 |
103.4 |
0.61 |
337.2 |
339.2 |
2 |
38.3 |
1.117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-099U |
117.7 |
386 |
63.4 |
64.9 |
1.52 |
208 |
213 |
5 |
166 |
4.842 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-100U |
200.3 |
657 |
18.8 |
19.4 |
0.64 |
61.7 |
63.8 |
2.1 |
69.10 |
2.016 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-101U |
215.2 |
706 |
8.2 |
8.3 |
0.09 |
27 |
27.3 |
0.3 |
14.45 |
0.422 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-102U |
203.3 |
667 |
No Significant Results |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-103U |
214.0 |
702 |
11.6 |
12.0 |
0.37 |
38.1 |
39.3 |
1.2 |
7.89 |
0.230 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
30.3 |
30.6 |
0.34 |
99.4 |
100.5 |
1.1 |
11.2 |
0.327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
32.4 |
33.8 |
1.37 |
106.3 |
110.8 |
4.5 |
39.47 |
1.151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-104U |
31.4 |
103 |
24.3 |
26.8 |
2.50 |
79.8 |
88 |
8.2 |
47.50 |
1.386 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-105U |
144.2 |
473 |
52.1 |
53.8 |
1.74 |
170.8 |
176.5 |
5.7 |
10.49 |
0.306 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-106U |
119.8 |
393 |
36.9 |
38.4 |
1.52 |
121 |
126 |
5 |
27.40 |
0.799 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
60.4 |
62.3 |
1.92 |
198 |
204.3 |
6.3 |
146.19 |
4.264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
100.0 |
103.0 |
3.05 |
328 |
338 |
10 |
6.43 |
0.188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-107U |
271.3 |
890 |
18.5 |
20.1 |
1.58 |
60.8 |
66 |
5.2 |
24.6 |
0.718 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
24.6 |
24.8 |
0.21 |
80.6 |
81.3 |
0.7 |
171.5 |
5.003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
26.7 |
27.1 |
0.37 |
87.6 |
88.8 |
1.2 |
78 |
2.275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
28.0 |
29.0 |
1.07 |
91.7 |
95.2 |
3.5 |
15.57 |
0.454 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
31.4 |
32.9 |
1.52 |
103 |
108 |
5 |
69.6 |
2.030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
243.3 |
244.1 |
0.85 |
798.2 |
801 |
2.8 |
35.2 |
1.027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
246.2 |
247.2 |
1.04 |
807.6 |
811 |
3.4 |
16.9 |
0.493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-108U |
26.8 |
88 |
26.4 |
26.8 |
0.46 |
86.5 |
88 |
1.5 |
67.40 |
1.966 |
|
DDS
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-109U |
154.5 |
507 |
3.2 |
3.7 |
0.43 |
10.6 |
12 |
1.4 |
5.22 |
0.152 |
|
DDS
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
36.8 |
39.9 |
3.17 |
120.6 |
131 |
10.4 |
17.33 |
0.505 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
65.3 |
65.7 |
0.43 |
214.1 |
215.5 |
1.4 |
8.92 |
0.260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
67.1 |
67.4 |
0.30 |
220 |
221 |
1 |
288 |
8.401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FC-13-110U |
92.0 |
302 |
35.7 |
37.0 |
1.30 |
117 |
121.5 |
4.5 |
22.62 |
0.660 |
|
DDS
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
46.3 |
47.1 |
0.79 |
152 |
154.6 |
2.6 |
5.02 |
0.146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
66.7 |
67.0 |
0.30 |
218.7 |
219.7 |
1 |
216.00 |
6.300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
and |
|
|
75.5 |
77.6 |
2.13 |
247.8 |
254.8 |
7 |
10.84 |
0.316 |
|
|
Table 1: Fire Creek Drilling Assays and
Locations, cut-off grade of 5 g/t (0.15 opt) Au, true widths are
not known. |
About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration, development and
production of its high quality gold and silver projects. The
company is operating an ongoing bulk sampling program at its Fire
Creek gold project located in north central Nevada. Fire Creek is
in a mining-friendly jurisdiction, with onsite power and mining
infrastructure, and near major producers. Midas, Klondex' newly
acquired operating mine and milling facility are located 112 miles
north of Fire Creek.
Forward-looking statements
This news release contains certain information that may
constitute forward-looking information under applicable Canadian
securities legislation, including information about the
magnitude and quality of the Fire Creek Project and the results of
exploration at the Fire Creek Project. This forward-looking
information entails various risks and uncertainties are based on
current expectations, and actual results may differ materially from
those contained in such information. These risks and uncertainties
include, but are not limited to the risks and hazards associated
with environmental compliance and permitting for its underground
operations, the strength of the global economy; the price of gold;
operational, funding and liquidity risks; the degree to which
mineral resource estimates are reflective of actual mineral
resources; the degree to which factors which would make a mineral
deposit commercially viable are present. Risks and uncertainties
about the Company's business are more fully discussed in the
Company's disclosure materials filed with the securities regulatory
authorities in Canada and available at www.sedar.com. Readers are
urged to read these materials. Klondex assumes no obligation to
update any forward-looking information or to update the reasons why
actual results could differ from such information unless required
by law.
Klondex Mines Ltd.Paul HuetPresident &
CEO1-775-284-5757investors@klondexmines.comKlondex Mines Ltd.Alison
TullisManager, Investor
Relations1-647-233-4348atullis@klondexmines.comwww.klondexmines.com
Klondex Mines Ltd. (AMEX:KLDX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Klondex Mines Ltd. (AMEX:KLDX)
Historical Stock Chart
From Jul 2023 to Jul 2024