Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) announced an updated mineral resource estimate for the Fire Creek Project in Nevada, based on 689 drill holes totaling 161,945 m and includes data from 272 new drill holes totaling 22,353 m. The mineral resource estimate also uses 1,553 channel samples from trial mining on the structures.
Klondex President and CEO, Paul Huet, said:
We are extremely pleased with the success of our 2014 infill and exploration drill programs. Our team achieved a 47% growth in Measured and Indicated mineral resources. To promote sustainability within the Company, we stress the importance of adding to each mineral resource as we progress with the bulk sampling program. Our team is dedicated to the future growth of Klondex. Looking to 2015, we are confident that Klondex is well capitalized to complete our planned $33 million exploration and development programs at Fire Creek and Midas.