Klondex Exploration Program Extends Joyce Vein and Vonnie Vein at Fire Creek
May 21 2014 - 6:30AM
Marketwired
Klondex Exploration Program Extends Joyce Vein and Vonnie Vein at
Fire Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) -
- 40.0 g/t (1.17 opt) Au over 1.49 m (4.9 ft) - FCU-0004
- 12.8 g/t (0.37 opt) Au over 6.16 m (20.2 ft) - FCU-0008
- 30.4 g/t (0.90 opt) Au over 2.47 m (8.1 ft) - FCU-0029
- 158.7 g/t (4.63 opt) Au over 1.13 m (3.7 ft) --FCU-0049
- 350.0 g/t (10.21 opt) Au over 0.70 m (2.3 ft) -- FCU-0050
Klondex Mines Ltd. (TSX:KDX)(OTCQX:KLNDF) today provides an
update on recent underground infill and exploration drilling from
its Fire Creek Project near Elko, Nevada. A total of 21 holes have
been drilled to the east of the main decline in 2014 from the Joyce
drifts (5400 and 5420 South), Spiral 2, and Diamond Drill Station
(DDS) 6 (See FIGURE 1).
A total of eight core holes were drilled east from multiple
drill stations located in the Joyce 5400 South drift to test the
southern extension of the Vonnie Vein. Drilling intersected the
Vonnie Vein in seven of the eight drill holes. These holes suggest
mineralization continues along the Vonnie Vein another 45.7 m (150
ft) to the south, and at depth 15.2 m (50 ft). Additional 2014
drilling is scheduled to the south of these intercepts to continue
defining the southern extension of the Vonnie Vein.
Drilling east from DDS-6 continues to suggest continuity of
mineralization along the Joyce Vein and the Vonnie Vein. The
drilling intercepted significant mineralized material in seven of
the eight drill holes. These drill holes infilled an area 45.7 m
(150 ft) along strike and 53.3 m (175 ft) of vertical extent on the
Joyce Vein. Additionally, the Joyce Vein widths demonstrate the
potential to introduce long hole stoping, which could result in
lower costs and more efficiency.
Brent Kristof, Klondex Chief Operating Officer, stated, "These
drill results continue to unlock value at Fire Creek. The 2014
drilling program is intended to enhance our understanding of the
epithermal mineralization while raising confidence in the resource
categories. Fire Creek continues to add value to the Company with
its high grades. Excavating an additional level provides a top cut
access that may be used to set up long hole stoping as well as
providing additional drilling platforms for exploration
drilling."
Hole ID |
Drill Stn |
Azi |
Dip |
TD |
From |
To |
Lth |
From |
To |
Lth |
Au Grade |
Ag Grade |
(m) |
(ft) |
(m) |
(ft) |
(g/t) |
(oz/st) |
(g/t) |
(oz/st) |
FC14113U |
DDS-6 |
106 |
-57 |
115.8 |
380 |
No Significant Results |
FC14114U |
DDS 6 |
106 |
-38 |
121.0 |
397.0 |
52.3 |
53.6 |
1.34 |
171.6 |
176.0 |
4.4 |
4.27 |
0.125 |
1.7 |
0.050 |
and |
|
|
|
|
|
57.9 |
61.3 |
3.35 |
190.0 |
201.0 |
11.0 |
18.43 |
0.538 |
13.1 |
0.382 |
Incl. |
|
|
|
|
|
57.9 |
58.6 |
0.67 |
190.0 |
192.2 |
2.2 |
66.80 |
1.949 |
18.6 |
0.543 |
Incl. |
|
|
|
|
|
58.6 |
59.4 |
0.85 |
192.2 |
195 |
2.8 |
5.79 |
0.169 |
11.2 |
0.327 |
Incl. |
|
|
|
|
|
59.4 |
59.7 |
0.27 |
195.0 |
195.9 |
0.9 |
12.95 |
0.378 |
18.0 |
0.525 |
Incl. |
|
|
|
|
|
59.7 |
61.3 |
1.55 |
195.9 |
201.0 |
5.1 |
5.47 |
0.160 |
10.9 |
0.318 |
And |
|
|
|
|
|
80.5 |
80.9 |
0.40 |
264.0 |
265.3 |
1.3 |
8.59 |
0.251 |
7.3 |
0.213 |
And |
|
|
|
|
|
95.1 |
95.9 |
0.82 |
312.0 |
314.7 |
2.7 |
4.42 |
0.129 |
3.7 |
0.108 |
FCU-0004 |
DDS 6 |
69 |
-39 |
113.4 |
372.0 |
29.6 |
31.1 |
1.52 |
97.0 |
102.0 |
5.0 |
44.50 |
1.298 |
6.1 |
0.178 |
And |
|
|
|
|
|
42.2 |
43.7 |
1.49 |
138.5 |
143.4 |
4.9 |
40.01 |
1.167 |
38.4 |
1.119 |
Incl. |
|
|
|
|
|
42.2 |
43.1 |
0.91 |
138.5 |
141.5 |
3.0 |
59.30 |
1.730 |
54.0 |
1.575 |
Incl. |
|
|
|
|
|
43.1 |
43.4 |
0.30 |
141.5 |
142.5 |
1.0 |
7.19 |
0.210 |
8.0 |
0.233 |
Incl. |
|
|
|
|
|
43.4 |
43.7 |
0.27 |
142.5 |
143.4 |
0.9 |
12.20 |
0.356 |
20.0 |
0.583 |
And |
|
|
|
|
|
44.8 |
45.5 |
0.67 |
147.0 |
149.2 |
2.2 |
4.01 |
0.117 |
9.0 |
0.263 |
And |
|
|
|
|
|
79.9 |
81.4 |
1.52 |
262.0 |
267 |
5.0 |
5.07 |
0.148 |
2.0 |
0.058 |
FCU-0005 |
DDS 6 |
85 |
-48 |
122.5 |
402 |
54.3 |
54.4 |
0.12 |
178.0 |
178.4 |
0.4 |
42.2 |
1.231 |
26.8 |
0.782 |
And |
|
|
|
|
|
57.6 |
58.5 |
0.91 |
189.0 |
192.0 |
3.0 |
8.99 |
0.262 |
5.4 |
0.158 |
FCU-0006 |
DDS 6 |
89 |
-38 |
145.7 |
478 |
45.4 |
46.6 |
1.22 |
149.0 |
153.0 |
4.0 |
7.38 |
0.215 |
6.9 |
0.200 |
Incl. |
|
|
|
|
|
45.4 |
46.0 |
0.61 |
149.0 |
151.0 |
2.0 |
11.50 |
0.335 |
6.3 |
0.184 |
Incl. |
|
|
|
|
|
46.0 |
46.6 |
0.61 |
151.0 |
153.0 |
2.0 |
3.25 |
0.095 |
7.4 |
0.216 |
And |
|
|
|
|
|
47.2 |
48.8 |
1.58 |
155.0 |
160.2 |
5.2 |
11.56 |
0.337 |
15.5 |
0.453 |
Incl. |
|
|
|
|
|
47.2 |
48.0 |
0.79 |
155.0 |
157.6 |
2.6 |
5.33 |
0.155 |
10.2 |
0.298 |
Incl. |
|
|
|
|
|
48.0 |
48.6 |
0.52 |
157.6 |
159.3 |
1.7 |
8.56 |
0.250 |
11.3 |
0.330 |
Incl. |
|
|
|
|
|
48.6 |
48.8 |
0.27 |
159.3 |
160.2 |
0.9 |
35.20 |
1.027 |
38.9 |
1.135 |
FCU-0008 |
DDS 6 |
64.5 |
10 |
93.9 |
308 |
4.0 |
4.2 |
0.24 |
13.0 |
13.8 |
0.8 |
96.60 |
2.818 |
49.0 |
1.429 |
And |
|
|
|
|
|
10.8 |
11.0 |
0.15 |
35.5 |
36.0 |
0.5 |
14.45 |
0.422 |
13.0 |
0.379 |
And |
|
|
|
|
|
32.4 |
38.6 |
6.16 |
106.3 |
126.5 |
20.2 |
12.80 |
0.373 |
12.1 |
0.353 |
Incl. |
|
|
|
|
|
32.4 |
32.6 |
0.15 |
106.3 |
106.8 |
0.5 |
14.00 |
0.408 |
4.1 |
0.119 |
Incl. |
|
|
|
|
|
36.4 |
36.6 |
0.27 |
119.3 |
120.2 |
0.9 |
27.60 |
0.805 |
48.0 |
1.400 |
Incl. |
|
|
|
|
|
36.6 |
37.8 |
1.19 |
120.2 |
124.1 |
3.9 |
1.91 |
0.056 |
7.0 |
0.204 |
Incl. |
|
|
|
|
|
37.8 |
38.0 |
0.21 |
124.1 |
124.8 |
0.7 |
247.00 |
7.205 |
186.0 |
5.426 |
Incl. |
|
|
|
|
|
38.9 |
38.6 |
0.52 |
124.8 |
126.5 |
1.7 |
3.85 |
0.112 |
8.0 |
0.233 |
And |
|
|
|
|
|
78.9 |
79.6 |
0.61 |
259.0 |
261.0 |
2.0 |
4.88 |
0.142 |
10.3 |
0.299 |
FCU-0009 |
DDS 6 |
64.5 |
20 |
70.1 |
230 |
4.3 |
4.6 |
0.34 |
14.1 |
15.2 |
1.1 |
30.6 |
0.893 |
19.0 |
0.554 |
And |
|
|
|
|
|
11.3 |
11.6 |
0.30 |
37.0 |
38.0 |
1.0 |
4.65 |
0.136 |
5.5 |
0.160 |
And |
|
|
|
|
|
14.0 |
15.1 |
1.10 |
46.0 |
49.6 |
3.6 |
5.96 |
0.174 |
10.0 |
0.292 |
Incl. |
|
|
|
|
|
14.0 |
14.6 |
0.61 |
46.0 |
48.0 |
2.0 |
1.13 |
0.033 |
6.0 |
0.175 |
Incl. |
|
|
|
|
|
14.6 |
15.1 |
0.49 |
48.0 |
49.6 |
1.6 |
12.0 |
0.350 |
15.0 |
0.438 |
And |
|
|
|
|
|
17.1 |
19.5 |
2.44 |
56.0 |
64.0 |
8.0 |
4.09 |
0.119 |
8.8 |
0.256 |
Incl. |
|
|
|
|
|
17.1 |
17.7 |
0.61 |
56.0 |
58.0 |
2.0 |
2.37 |
0.069 |
6.0 |
0.175 |
Incl. |
|
|
|
|
|
17.7 |
18.4 |
0.76 |
58.0 |
60.5 |
2.5 |
3.36 |
0.098 |
8.0 |
0.233 |
Incl. |
|
|
|
|
|
18.4 |
19.0 |
0.52 |
60.5 |
62.2 |
1.7 |
4.26 |
0.124 |
13.0 |
0.379 |
Incl. |
|
|
|
|
|
19.0 |
19.5 |
0.55 |
62.2 |
64.0 |
1.8 |
6.84 |
0.200 |
9.0 |
0.263 |
And |
|
|
|
|
|
24.9 |
25.5 |
0.58 |
81.6 |
83.5 |
1.9 |
4.37 |
0.127 |
6.0 |
0.175 |
And |
|
|
|
|
|
36.3 |
37.5 |
1.22 |
119.0 |
123.0 |
4.0 |
8.83 |
0.258 |
16.1 |
0.470 |
Incl. |
|
|
|
|
|
36.3 |
36.7 |
0.40 |
119.0 |
120.3 |
1.3 |
25.0 |
0.729 |
35.0 |
1.021 |
Incl. |
|
|
|
|
|
36.7 |
37.5 |
0.82 |
120.3 |
123.0 |
2.7 |
1.05 |
0.031 |
7.0 |
0.204 |
FCU-0029 |
DDS 6 |
82 |
10 |
95.9 |
314.5 |
17.3 |
17.7 |
0.37 |
56.8 |
58.0 |
1.2 |
948.00 |
27.653 |
409.0 |
11.931 |
And |
|
|
|
|
|
28.3 |
34.4 |
6.1 |
93.0 |
113.0 |
20.0 |
5.81 |
0.169 |
1.8 |
0.054 |
Incl. |
|
|
|
|
|
28.3 |
29.9 |
1.52 |
93.0 |
98.0 |
5.0 |
3.43 |
0.100 |
3.9 |
0.114 |
Incl. |
|
|
|
|
|
29.9 |
31.4 |
1.52 |
98.0 |
103.0 |
5.0 |
6.13 |
0.179 |
1.3 |
0.038 |
Incl. |
|
|
|
|
|
31.4 |
32.9 |
1.52 |
103.0 |
108.0 |
5.0 |
5.69 |
0.166 |
0.3 |
0.007 |
Incl. |
|
|
|
|
|
32.9 |
34.4 |
1.52 |
108.0 |
113.0 |
5.0 |
7.99 |
0.233 |
1.9 |
0.055 |
And |
|
|
|
|
|
36.0 |
38.4 |
2.47 |
118.0 |
126.1 |
8.1 |
30.41 |
0.887 |
25.2 |
0.735 |
Incl. |
|
|
|
|
|
36.0 |
37.1 |
1.16 |
118.0 |
121.8 |
3.8 |
4.47 |
0.13 |
2.5 |
0.073 |
Incl. |
|
|
|
|
|
37.1 |
37.4 |
0.24 |
121.8 |
122.6 |
0.8 |
36.6 |
1.068 |
51.0 |
1.488 |
Incl. |
|
|
|
|
|
37.6 |
37.7 |
0.15 |
123.2 |
123.7 |
0.5 |
26.6 |
0.776 |
34.0 |
0.992 |
Incl. |
|
|
|
|
|
37.7 |
38.4 |
0.73 |
123.7 |
126.1 |
2.4 |
77.80 |
2.269 |
57.0 |
1.663 |
And |
|
|
|
|
|
72.2 |
72.5 |
0.37 |
236.8 |
238.0 |
1.2 |
21.70 |
0.633 |
14.4 |
0.420 |
FCU-0047 |
Joyce South Drift |
77 |
-30 |
57.9 |
190 |
24.5 |
24.8 |
0.30 |
80.5 |
81.5 |
1.0 |
439.00 |
12.806 |
347.0 |
10.122 |
And |
|
|
|
|
|
31.6 |
31.8 |
0.21 |
103.7 |
104.4 |
0.7 |
5.41 |
0.158 |
3.7 |
0.108 |
FCU-0048 |
Joyce South Drift |
75 |
-16 |
57.9 |
190 |
22.2 |
22.3 |
0.12 |
72.8 |
73.2 |
0.4 |
256.00 |
7.468 |
189.0 |
5.513 |
And |
|
|
|
|
|
25.9 |
26.6 |
0.67 |
85.0 |
87.2 |
2.2 |
15.56 |
0.454 |
13.9 |
0.406 |
Incl. |
|
|
|
|
|
25.9 |
26.2 |
0.30 |
85.0 |
86.0 |
1.0 |
7.84 |
0.229 |
7.0 |
0.204 |
Incl. |
|
|
|
|
|
26.2 |
26.6 |
0.37 |
86.0 |
87.2 |
1.2 |
22.0 |
0.642 |
19.7 |
0.575 |
FCU-0049 |
Joyce South Drift |
75 |
-40 |
73.2 |
240 |
26.3 |
27.4 |
1.13 |
86.3 |
90.0 |
3.7 |
158.69 |
4.629 |
122.4 |
3.573 |
Incl. |
|
|
|
|
|
26.3 |
26.7 |
0.40 |
86.3 |
87.6 |
1.3 |
448.00 |
13.068 |
346.0 |
10.093 |
Incl. |
|
|
|
|
|
26.7 |
27.4 |
0.73 |
87.6 |
90.0 |
2.4 |
1.99 |
0.058 |
1.4 |
0.041 |
FCU-0050 |
Joyce South Drift |
102 |
-36 |
76.2 |
250 |
24.6 |
25.3 |
0.70 |
80.7 |
83.0 |
2.3 |
350.00 |
10.210 |
218.0 |
6.359 |
And |
|
|
|
|
|
27.8 |
29.1 |
1.31 |
91.2 |
95.5 |
4.3 |
12.47 |
0.364 |
12.0 |
0.350 |
Incl. |
|
|
|
|
|
27.8 |
28.3 |
0.55 |
91.2 |
93.0 |
1.8 |
16.6 |
0.484 |
18.0 |
0.525 |
Incl. |
|
|
|
|
|
28.3 |
28.5 |
0.18 |
93.0 |
93.6 |
0.6 |
12.25 |
0.357 |
13.0 |
0.379 |
Incl. |
|
|
|
|
|
28.5 |
29.1 |
0.58 |
93.6 |
95.5 |
1.9 |
8.62 |
0.251 |
6.0 |
0.175 |
FCU-0051 |
Joyce South Drift |
93 |
3 |
57.9 |
190 |
40.1 |
41.1 |
1.10 |
131.4 |
135.0 |
3.6 |
5.75 |
0.168 |
5.6 |
0.163 |
Incl. |
|
|
|
|
|
40.1 |
40.6 |
0.52 |
131.4 |
133.1 |
1.7 |
5.51 |
0.161 |
7.9 |
0.230 |
Incl. |
|
|
|
|
|
40.6 |
41.1 |
0.58 |
133.1 |
135.0 |
1.9 |
5.96 |
0.174 |
3.5 |
0.102 |
FCU-0053 |
Joyce South Drift |
|
|
|
|
No Significant Results |
FCU-0054 |
Joyce South Drift |
114 |
-7 |
76.2 |
250 |
6.3 |
6.6 |
0.27 |
20.8 |
21.7 |
0.9 |
3.55 |
0.104 |
2.5 |
0.073 |
And |
|
|
|
|
|
19.8 |
20.6 |
0.82 |
65.0 |
67.7 |
2.7 |
5.12 |
0.149 |
7.7 |
0.224 |
Incl. |
|
|
|
|
|
19.8 |
20.4 |
0.58 |
65.0 |
66.9 |
1.9 |
1.78 |
0.052 |
2.5 |
0.073 |
Incl. |
|
|
|
|
|
20.4 |
20.6 |
0.24 |
66.9 |
67.7 |
0.8 |
13.05 |
0.381 |
20.0 |
0.583 |
FCU-0055 |
Joyce South Drift |
95 |
2 |
77.7 |
255 |
18.0 |
18.3 |
0.3 |
59.0 |
60.0 |
1.0 |
4.66 |
0.136 |
30.0 |
0.875 |
FCU-0087 |
Joyce 5420 Drift |
66 |
-2 |
45.7 |
150 |
13.2 |
13.7 |
0.52 |
43.3 |
45.0 |
1.7 |
10.25 |
0.299 |
9.5 |
0.277 |
And |
|
|
|
|
|
20.8 |
21.1 |
0.27 |
68.2 |
69.1 |
0.9 |
7.12 |
0.208 |
5.4 |
0.158 |
And |
|
|
|
|
|
30.5 |
32.0 |
1.52 |
100.0 |
105.0 |
5.0 |
6.83 |
0.199 |
6.2 |
0.181 |
And |
|
|
|
|
|
41.0 |
42.0 |
1.01 |
134.5 |
137.8 |
3.3 |
4.23 |
0.123 |
7.8 |
0.228 |
FCU-0088 |
Joyce 5420 Drift |
|
|
|
|
No Significant Results |
FCU-0094 |
Spiral 2 |
62 |
-18 |
45.7 |
150 |
39.3 |
39.8 |
0.52 |
128.9 |
130.6 |
1.7 |
4.16 |
0.121 |
3.2 |
0.093 |
FCU-0095 |
Spiral 2 |
65 |
33 |
45.7 |
150 |
19.7 |
20.3 |
0.64 |
64.5 |
66.6 |
2.1 |
10.30 |
0.300 |
2.5 |
0.073 |
And |
|
|
|
|
|
30.1 |
31.2 |
1.04 |
98.8 |
102.2 |
3.4 |
23.50 |
0.685 |
28.0 |
0.817 |
FCU-0096 |
Spiral 2 |
|
|
|
|
No Significant Results |
Note: True widths are not yet known.
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.
Assays were performed by ALS Chemex of Elko, Nevada (an
independent laboratory), as directed under the supervision of
Klondex staff.
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's newly
acquired operating mine and milling facility are located ~100 miles
north of Fire Creek.
Cautionary Note Regarding Technical Information and
Forward-looking Information
A production decision at the Midas mine was made by prior
owners of the mine, prior to the completion of the acquisition of
the Midas mine by Klondex. To the knowledge of Klondex, this
production decision was not based on a feasibility study of mineral
reserves demonstrating economic and technical viability
prepared in accordance with NI 43-101 but was based on internal
studies conducted by the prior owner of the mine. Klondex has no
reason to believe that the data on which such studies were based or
that the results of such studies are unreliable. However, readers
are cautioned that there is increased uncertainty and higher risk
of economic and technical failure associated with such production
decisions.
This news release contains certain information that may
constitute forward-looking information under applicable Canadian
securities legislation, including but not limited to information
about the timing and success of exploration drilling activities.
This forward-looking information entails various risks and
uncertainties that are based on current expectations, and actual
results may differ materially from those contained in such
information. These uncertainties and risks include, but are not
limited to, 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; the risks and hazards
associated with underground operations; and the ability of Klondex
to fund its substantial capital requirements and operations. 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 &
CEO775-284-5757investors@klondexmines.com Klondex Mines Ltd. Alison
TullisManager, Investor
Relations647-233-4348atullis@klondexmines.comwww.klondexmines.com
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