Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) announced results from seven drill holes from drill station 9 at the Fire Creek gold project in Nevada. Highlights include the discovery of a new mineralized structure running parallel and to the west of the Joyce Vein that included an intercept of 869.0 g/t (25.3 opt) gold over 0.12m (0.4ft) in drill hole FC-13-069U.
As quoted in the press release:
Two drill holes intercepted a mineralized structure – between the drill ramp and the Joyce Vein – which bears similar mineralization but was not apparent in the 5400 cross cut. FC-13-062U intercepted 1.5m (5.0ft) of 70.6 g/t (2.1 opt) gold and was 12-13m (38-43ft) away from the drill station, and FC-13-069U intercepted 869.0 g/t (25.4 opt) gold over 0.12m (0.4ft) and was located 7.9m (25.8ft) from the drill station.
Klondex Mines General Manager Mike Doolin said:
Today’s announcement further supports our belief that Fire Creek is an under-explored asset. We continue to further demonstrate continuity as the drill program moves forward. We have decided to delay our updated mineral resource estimate in order to incorporate recent underground drilling results. We anticipate that this will push out the completion of the updated mineral resource estimate by approximately one month, from late June to the end of July, but will allow us to develop a more current resource model.