Klondex Mines Announces Updated Resource Estimate for Midas: Increased total M&I AuEq ounces to 526k oz

Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) updated the mineral resource estimate at its 100%-owned Midas underground gold mine in Nevada.

Highlights of the mineral resource update:

• Increased total M&I AuEq ounces to 526k oz
• Increased Inferred AuEq ounces to 287k oz
• Increased M&I grade to 0.47 opt AuEq
• Mineralization located near current mine workings

Klondex President and CEO, Paul Huet, said:

As a result of our initial drilling at Midas, we are starting to unlock Midas’ potential value. Within the first seven months of purchasing the Midas Mine, we have increased the gold equivalent grade and the total gold equivalent ounces in the mineral resource estimate. This is a major accomplishment for Klondex. The new mineral resource estimate underscores the flexibility of this deposit at lower metal prices. This is just the beginning of our exploration and development at Midas. There are many planned targets that we intend to follow up on over the next 18 months. The Northern Nevada Rift, host to both Fire Creek and Midas, is a unique district to operate in, based on its gold grades and its exploration opportunities.

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