The Conversation (0)
Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) provided an update regarding recent underground infill and exploration drilling at the Fire Creek Project near Elko, Nevada. In total, 21 holes have been drilled east of the main decline in 2014 from the Joyce drifts (5400 and 5420 South), Spiral 2, and Diamond Drill Station.
As quoted in the press release:
A total of eight core holes were drilled east from multiple drill stations located in the Joyce 5400 South drift to test the southern extension of the Vonnie Vein. Drilling intersected the Vonnie Vein in seven of the eight drill holes. These holes suggest mineralization continues along the Vonnie Vein another 45.7 m (150 ft) to the south, and at depth 15.2 m (50 ft). Additional 2014 drilling is scheduled to the south of these intercepts to continue defining the southern extension of the Vonnie Vein.
Klondex CEO, Brent Kristof, said:
These drill results continue to unlock value at Fire Creek. The 2014 drilling program is intended to enhance our understanding of the epithermal mineralization while raising confidence in the resource categories. Fire Creek continues to add value to the Company with its high grades. Excavating an additional level provides a top cut access that may be used to set up long hole stoping as well as providing additional drilling platforms for exploration drilling.
Click here to read the Klondex Mines (TSX:KDX) press release
Click here to see the Klondex Mines (TSX:KDX) profile.