• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Klondex Further Extends Main Veins at Fire Creek

    Jocelyn Aspa
    May. 03, 2016 09:55AM PST
    Gold Investing

    Klondex Mines (TSX:KDX) has provided an update on its first quarter underground drill program at Fire Creek Mine in Nevada. The new drill results were not included in its previous mineral resource estimate released on Sept. 16, 2015. As quoted in the press release: Fire Creek Mine Drilling Highlights: (FIGURE 1) FCU-0276: 1.45 opt Au …

    Klondex Mines (TSX:KDX) has provided an update on its first quarter underground drill program at Fire Creek Mine in Nevada. The new drill results were not included in its previous mineral resource estimate released on Sept. 16, 2015.
    As quoted in the press release:

    Fire Creek Mine Drilling Highlights: (FIGURE 1)

    • FCU-0276: 1.45 opt Au over 14.4 ft, or 49.69 g/t over 4.4 m (Joyce/Karen Intersection)
      • Including 14.5 opt Au over 1.3 ft, or 496.49 g/t over 0.4 m
    • FCU-0276: 0.31 opt Au over 11.0 ft, or 10.6 g/t over 3.4 m (Honeyrunner)
    • FCU-0279: 6.18 opt Au over 1.7 ft, or 212.0 g/t over 0.5 m (Vein 9)
    • FCU-0380: 1.93 opt Au over 7.1 ft, or 66.1 g/t over 2.2 m (Karen/Hui Wu)
      • Including 9.7 opt Au over 0.7 ft, or 331.3 g/t over 0.2 m
    • FCU-0429: 2.30 opt Au over 0.9 ft, or 79.0 g/t over 0.3 m (Karen West)
    • FCU-0517: 1.04 opt Au over 1.6 ft, or 35.6 g/t over 0.5 m (Karen 1)
    • FCU-0528: 0.41 opt Au over 4.0 ft, or 14.1 g/t over 1.2 m (Vein 41A)
    • FCU-0532: 3.02 opt Au over 6.8 ft, or 103.6 g/t over 2.1 m (Joyce)
      • Including 21.15 opt Au over 0.9 ft, 725.1 g/t over 0.3 m
    • FCU-0538: 8.18 opt Au over 2.7 ft, or 280.3 g/t over 0.8 m (Joyce Splay)
      • Including 42.59 opt Au over 0.5 ft, or 1,460.2 g/t over 0.2 m
    • FCU-0547: 0.15 opt Au over 6.8 ft, or 5.0 g/t over 2.1 m (Vein 9 Splay)

    Fire Creek Mine:
    A total of 57 underground drill holes totaling 23,137 ft (7,052 m) were drilled during the first quarter of 2016. These holes were targeting the extensions of the main producing veins at Fire Creek, primarily the Karen, Joyce and Hui Wu veins. A significant portion of these drill results have come from recent waste development that has allowed the establishment of new drill stations. (TABLE 1)
    Karen:
    The drill program extended the Karen vein by approximately 450 ft (137 m) along strike and an additional 125 ft (38 m) down dip from the resource. Klondex believes that the drilling suggests that the Karen vein is robust and continues to the North.
    Joyce:
    The drill program extended the Joyce vein by approximately 350 ft (107 m) along strike and an additional 75 ft (23 m) down dip from the mineral resource.
    Hui Wu:
    The drill program extended the Hui Wu vein by approximately 430 ft (131 m) along strike and an additional 125 ft (38 m) down dip from the mineral resource. The drill results have clarified where the intersection of the Hui Wu and Joyce veins occurs and continues to support this intersection to be a high grade ore shoot plunging steeply to the North.

    Brian Morris, Vice President Exploration, said:

    These drill results support our belief that Fire Creek is a much larger system than we know today. Of the known veins, these three primary veins in the system continue to extend to the Northwest and down dip exhibiting similar widths and grades as the existing mineral resource. These results are all new and have not yet been included in the existing mineral resource estimate.

    Click here for the full press release.

    klondex minesdrill resultstsx:kdx
    The Conversation (0)

    Go Deeper

    AI Powered
    Goliath Resources

    Goliath Intersects 10.62 g/t Gold Over 22.82 Meters, Drilling Maintains 100% Hit Rate, 95% Of Holes Contain Visible Gold, Remains Wide Open, Surebet Discovery, Golddigger Property, Golden Triangle, B.C.

    Nuvau Provides Comprehensive Exploration Update at Matagami

    Nuvau Provides Comprehensive Exploration Update at Matagami

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×