Welcome!

News Feed Item

Klondex Mines Drilling Details Three Mineralized Structures in the West Zone

RENO, NEVADA and VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/20/14 -- Klondex Mines Ltd. (TSX: KDX)(OTCQX: KLNDF), a Nevada gold exploration and development company, today announces assay results from its exploration drill program being conducted west of the main decline at its Fire Creek gold project near Elko, Nevada (Table 1).

Drill hole FC-13-120U (Figure 1) drilled from Muckbay 5 (MB5) and located approximately 30.5 m (100 ft) north of the vent raise access discovery (January 21, 2013) encountered three significant intervals of mineralization starting approximately 39.6 m (130 ft) west of the main decline and 67.1 m (220 ft) west of the Joyce Vein. Previously drilled surface holes, underground drill holes, and underground rib sampling suggests continuity of mineralization of three distinct structures in this west zone, ranging in strike length from 243.8 m (800 ft) to 335.8 m (1,100 ft) and are open along strike and up and down dip.

These structures are all parallel to the Joyce and Vonnie veins with similar distances between each. All three structures were crosscut during development work. The current drill program continues to focus on drilling to increase the confidence in the mineralization along these three structures. Future drilling will also step out to the north and south, along the main decline, to continue testing the extensions of all mineralized structures.


----------------------------------------------------------------------------
Hole No.   AZI DIP  Drill Station  Length  LENGTH     From       To   Length
                                      (m)    (ft) (meters) (meters) (meters)
----------------------------------------------------------------------------
FC-13-120U 260   0  DDS 20 / MB 5   147.6   484.2     14.1     14.6     0.55
----------------------------------------------------------------------------
and                                                   18.2     18.5     0.30
----------------------------------------------------------------------------
and                                                   49.7     51.9     2.19
----------------------------------------------------------------------------
and                                                  102.7    103.6     0.91
----------------------------------------------------------------------------
Table 1: Drill Hole FC-13-120U, true widths are unknown

----------------------------------------------------------------------------
Hole No.   AZI DIP  Drill Station From    To Length         Grade      Grade
                                  (ft)  (ft)   (ft) (g Au/ Tonne) (oz Au/st)
----------------------------------------------------------------------------
FC-13-120U 260   0  DDS 20 / MB 5 46.2    48    1.8          96.1      2.803
----------------------------------------------------------------------------
and                               59.8  60.8      1          11.6      0.338
----------------------------------------------------------------------------
and                                163 170.2    7.2          14.8      0.430
----------------------------------------------------------------------------
and                                337   340      3          28.4      0.828
----------------------------------------------------------------------------
Table 1: Drill Hole FC-13-120U, true widths are unknown

Mike Doolin, Klondex General Manager stated, "We are very excited with the recent results from Fire Creek's drill program. This drilling demonstrates the potential of the Fire Creek deposit to host multiple parallel mineralized structures. Our 2014 program is designed to strengthen our knowledge of the deposit and to expand the current resources."

The technical information contained in this press release has been approved and approved by Marc Odell. He is the Klondex acting Independent Qualified Person (Nevada PE 13708 and SME 2402150) for Practical Mining LLC, and has reviewed and approved the contents of the press release, for the purposes of National Instrument 43-101.

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.

About Klondex Mines Ltd. (www.klondexmines.com)

Klondex Mines is focused on the exploration and development of its high-grade Fire Creek gold deposit in north central Nevada. Fire Creek is a compelling gold project located in a mining-friendly jurisdiction, near major producers, power, transportation, mining infrastructure and its toll milling facility. As at January 20, 2014, following the closing of the Offering, the Company had 103 million shares issued and outstanding and 135 million shares fully diluted.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 the results of exploration and metallurgical sampling at the Fire Creek Project, the Company's intention and ability to monetize mineralized material, timing of the updated mineral resource estimate at the Fire Creek Project and the bulk sampling program. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...