Klondex Mines (KDX.TSX) announced the final results from its 2011 exploration
program at its 100%-owned Fire Creek gold-silver project in north-central
Nevada. The emerging gold Company noted that the 2011 program succeeded in
locating previously unknown gold- and silver-bearing veins. Klondex reported
assay results for the final 21 holes of its 33-hole 2011 surface-drilling
program, the first 12 of which were released in November 2011. Highlights: *
30.9 grams per tonne (g/t) of gold over 4.9 meters (m) at hole FC1126, including
109.3 g/t over 1.2m * 8.14 g/t of gold over 1.2m at hole FC1127 * 7.71 g/t of
gold over 1.2m at hole FC1136 Blane Wilson, CEO of Klondex Mines : "Our
exploration team made substantial progress in 2011 in what was the largest-ever
surface exploration program conducted by Klondex. We are very encouraged by the
program's overall results, with a combination of high-grade intercepts, new
vein discoveries and gold bearing shears that warrant follow-up drilling. We are
finalizing plans for our 2012 surface drilling program which is expected to
exceed 15,000 meters (49,000 feet) of drilling and will be underway in April."
Klondex Management: "Our underground in-fill and definition drilling program
is also making excellent headway. We hope to have initial results from this
program soon… Given our strong financial position and the unprecedented level
of exploration and development activity planned for Fire Creek this year, we are
very optimistic about our prospects to create greater value for Klondex
shareholders."
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