The Conversation (0)
Klondex Mines Ltd. (TSX:KDX,OTCQX: KLNDF) announced that the first shipment of mineralized material was delivered to Newmont Mining Corporation for processing, and the conversion of Fire Creek to electrical grid power from generator power.
As quoted in the press release:
The initial shipment of 1000 tons of Fire Creek material to Newmont began on August 5, 2013. Processing is scheduled to begin today. As previously announced on July 26, 2013, Klondex expects to receive payment for this shipment in the third quarter.
The power line is now fully connected and energized by way of the Klondex-owned substation built in 2012.
Klondex Mines’ Fire Creek General Manager Mike Doolin said:
We’re extremely pleased with the timely progress the team is making during this pivotal year for Klondex. Processing the Fire Creek material through Newmont’s milling facility allows us the opportunity to monetize the mineralized material from the underground development program.
Click here to read the Klondex Mines Ltd. (TSX:KDX,OTCQX:,KLNDF) press release
Click here to see the Klondex Mines Ltd. (TSX:KDX,OTCQX:,KLNDF) profile.