Klondex Updates on Surface Drilling at Fire Creek and Midas

Gold Investing

Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) released an update on surface drilling at its Nevada-based Fire Creek and Midas mines.

Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) released an update on surface drilling at its Nevada-based Fire Creek and Midas mines.
Highlights from Fire Creek include:

  • FCC-0014: 0.40 opt Au over 3.2 ft, or 13.90 g/t over 1.0 m (East Zone)
  • FCC-0014: 0.31 opt Au over 1.7 ft, or 10.79 g/t over 0.5 m (East Zone)
  • FCC-0035: 3.11 opt Au over 1.0 ft, or 106.49 g/t over 0.3 m (Up-Dip)
  • FCC-0030: 0.10 opt Au over 35.6 ft, or 3.34 g/t over 10.6 (South Zone)
    • Including 0.32 opt Au over 1.2 ft, or 10.94 g/t over 0.4 m
    • Including 0.21 opt Au over 2.2 ft, or 7.10 g/t over 0.7 m

Highlights from Midas include:

  • DMC-300: 0.27 opt AuEq over 10.0 ft, or 9.08 g/t over 3.05 m (Trinity)
  • DMC-301: 2.47 opt AuEq over 2.5 ft, or 84.67 g/t over 0.8 m (Trinity)
  • DMC-302: 9.37 opt AuEq over 5.0 ft, or 321.28 g/t over 1.5 m (Trinity)

Brian Morris, vice president exploration at Klondex, commented:

The results from our December 2015 surface drilling program are very encouraging. We have gained an increased understanding of the vein system at Fire Creek based on the positive results from this phase of surface drilling. At Midas, not only do we continue to extend the mineralized footprint in the Trinity zone but the data suggests that the contact between the breccia and the overlying Esmeralda sediments is an important control for the high-grade mineralization within the Trinity gold system

Click here to read the full Klondex Mines Ltd. (TSX:KDX,NYSEMKT:KLDX) press release.

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