Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) reported results from its Fire Creek project in Nevada, including an interval of 496.7 grams/tonne gold (14.5 oz/ton) over 1.82 meters.
As quoted in the press release:
The banded vein structure that was encountered is identical to the A-vein structure identified in the 5400-ACC crosscut to the south. Sampling has been completed over the east portion of the crosscut and results are insignificant suggesting the B-vein is cut off by a bounding northwest oriented fault or mineralization pinches to the north before it intersects the 5370-ACC crosscut. A ground fall at the east end of 5370-ACC is likely related to this fault.
Klondex’s CEO, Paul Huet, said:
The rib samples are encouraging as they further extend the apparent continuity of the A-vein at a width that is two times the width we encountered to the south while maintaining grades of 2 ounces per ton and higher.
Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.
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