Dec 14 2015
Klondex Mines Ltd. is pleased to provide an update on surface and underground drilling at the Fire Creek Project and Midas Mine, both located in Northern Nevada.
The following drill results are in addition to those included in the mineral resources released on September 16, 2015 and mineral reserves released on December 3, 2015.
Fire Creek Project Drilling Highlights (FIGURE 1):
- FCU-0484: 35.99 opt Au over 2.8 ft, or 1,233.9 g/t over 0.9 m (Joyce Vein)
- Including 93.90 opt Au over 1.0 ft, or 3,220.1 g/t over 0.30 m
- FCU-0470: 3.05 opt Au over 5.3 ft, or 104.7 g/t over 1.6 m (Karen Vein)
- FCU-0442: 2.80 opt Au over 3.0 ft, or 95.9 g/t over 0.9 m (Karen Vein)
- FCU-0433: 4.51 opt Au over 2.0 ft, or 154.5 g/t over 0.6 m (Vein 46)
- FCU-0507A: 1.29 opt Au over 7.0 ft, or 44.3 g/t over 2.1 m (Karen Vein)
Midas Mine - West Zone Drilling Highlights (FIGURE 2):
- DMC-0280: 5.40 opt AuEq over 1.2 ft, or 186.3 g/t over 0.4 m (Rico Vein)
- DMC-0290: 1.73 opt AuEq over 4.5 ft, or 59.4 g/t over 1.4 m (Midas Trend)
- DMC-0284: 0.50 opt AuEq over 2.0 ft, or 16.4 g/t over 0.6 m (Midas Trend)
Midas Mine - South Zone Drilling Highlights (FIGURE 3):
- DMC-0292: 0.11 opt AuEq over 40.5 ft, or 3.7 g/t over 12.3 m (Trinity)
- Including 0.39 opt AuEq over 4.0 ft, or 13.3 g/t over 1.2 m
- DMC-0292: 0.05 opt AuEq over 60.5 ft, or 1.6 g/t over 18.4 m (Trinity)
- DMC-0293: 0.22 opt AuEq over 23.5 ft, or 7.6 g/t over 7.2 m (Trinity)
- Including 0.61opt AuEq over 5.0 ft or 21.0 g/t over 1.5 m
- Including 0.54 opt AuEq over 2.0 ft or 18.4 g/t over 0.6 m
Brian Morris, Vice President Exploration stated, "I am very pleased with the excellent results from our exploration and infill drilling programs at both projects. These results are significant as they indicate additional mineralization at our properties. This data was not included in our mineral resource and reserve updates released earlier in the year. The underground drilling results at Fire Creek continue to extend known veins, while also discovering new mineralized structures to the West and North of the main veins."
Mr. Morris continued, "At Midas, these results are extremely positive for us. We expect that the West and South zones will be the future of mining at Midas, and these current drill intercepts add to the positive results we announced on October 8th."
In the Trinity zone to the South at Midas, the drill results continue to support the existence of a large gold system where the mineralization is widely disbursed with a core of high grade pods. This discovery is significant because the mineralization could potentially be the southern extension of the Colorado Grande structure, only in the form of a disseminated, highly oxidized breccia system rather than a narrow vein epithermal system.
Source: http://www.klondexmines.com/