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Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) released drill results from 20 holes in its continuing underground infill drilling program at the Fire Creek gold project in Nevada. As a result of a halo effect on the structures, drills are intercepting mineralization on either side of the vein, with gold grades ranging from 3 g/t (0.1 opt) to 30 g/t (0.9 opt).
As quoted in the press release:
Infill drilling conducted to the east of the ramp extended the continuity of the Vonnie structure on strike by 50m (165ft) north and 110m (360ft) south. The Joyce structure is extended by 91m (300ft) to the south and remains open to the north. Both structures are open at depth and along strike. Twenty-six drill holes were completed for a total of 3,533.1 meters (11,531.9 feet) with encouraging mineralization intercepted in nearly every drill hole. Assays are pending on six holes, including two drill holes to the west.
As a result of a halo effect on the structures, drills are intercepting mineralization on either side of the vein, with gold grades ranging from 3 g/t (0.1 opt) to 30 g/t (0.9 opt). These halos, although not modeled in the recently updated resource estimate, are supported by drilling and sampling the mineralization in the underground development program. More drilling is required to properly define the halo effect on the veins.
Additional Intercepts:
- 61.9 g/t (1.8 opt) gold over 0.9m (3.1ft) in FC-13-079U
- 211.0 g/t (6.2 opt) gold over 0.2m (0.6ft) in FC-13-085U
- 43.3 g/t (1.3 opt) gold over 1.1m (3.7ft) in FC-13-089U
- 23.2 g/t (0.7 opt) gold over 1.5m (5.0ft) in FC-13-092U
Klondex Mines President and CEO, Paul Huet, said:
These recent drill results continue to support our view that Fire Creek requires more drilling. To enhance our exploration program, we plan to follow up on the previously discovered exploration targets to the west and the south of the Main Zone, allowing us to further unlock the potential of Fire Creek. A mineralized halo will assist in managing dilution for any stoping method.
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.