Loading ...Klondex Provides Exploration Update at True North; Now Expects Production Decision in Third Quarter
VANCOUVER, BC–(Marketwired – June 29, 2016) – Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX)(“Klondex” or the “Company”) is pleased to announce partial results of its initial drill program at its True North Gold Mine (“True North”) in Manitoba, Canada. Additionally, based on historic drilling and the positive results of this initial drill program, the Company now expects to be in position to make a production decision in the third quarter of 2016.
True North Drilling Highlights: (see TABLE 1 for complete results)
•630-16-015: 3.56 opt Au over 23.6 ft, or 122.1 g/t over 7.2 m (710)◦Including 4.69 opt Au over 16.6 ft, or 160.6 g/t over 5.1 m (710)
•630-16-002: 1.40 opt Au over 3.7 ft, or 48.0 g/t over 1.1 m (710 HW)
•625-16-007: 1.18 opt Au over 3.0 ft, or 40.3 g/t over 0.9 m (710A)
•625-16-009: 0.97 opt Au over 3.0 ft, or 33.4 g/t over 0.9 m (710A HW)
•630-16-004: 0.78 opt Au over 6.5 ft, or 26.7 g/t over 2.0 m (710 HW)
•630-16-005: 0.57 opt Au over 10.1 ft, or 19.4 g/t over 3.1 m (710)
•630-16-005: 0.48 opt Au over 8.9 ft, or 16.6 g/t over 2.7 m (710 HW)
•630-16-002: 0.43 opt Au over 56.0 ft, or 14.7 g/t over 17.1 m (710)
•630-16-001: 0.20 opt Au over 11.9 ft, or 6.9 g/t over 3.6 m (710)◦Including 0.61 opt Au over 3.1 ft, or 20.8 g/t over 0.9 m (710)