Mr. Paul Huet reports
KLONDEX MINES INFILL DRILLING EXTENDS JOYCE AND VONNIE VEINS AT FIRE CREEK
Klondex Mines Ltd. today provided an update on recent underground infill and exploration drilling from its Fire Creek gold project near Elko, Nev. A total of 17 drill holes were drilled to the east of the main decline from Muck Bay 6 and diamond drill stations 6 and 17.
Drilling east from MB6, designed to test the northern extension of the Vonnie vein, intersected the Vonnie structure in all five holes of the fan. The lower two holes successfully extended mineralization at depth from 42.7 metres (140 feet) to 96 metres (315 feet) below the current workings. The location of mineralization intersected in these holes is consistent with the known geometry of mineralization along the Vonnie vein. The upper three holes did not encounter mineralization above the cut-off grade of five grams per tonne (0.15 ounce per ton) gold.
Drilling east from DDS-17 continues to demonstrate continuity of mineralization along the Joyce vein. Drill intercepts on the Joyce vein extended mineralization north by 61 metres (200 feet) along strike of the current underground development and by 27 metres (90 feet) down dip and 46 metres (150 feet) up dip. FC-13-107U identified one new mineralized structure northeast of the Vonnie vein, continuing to support and demonstrate the potential for finding additional mineralization within the Fire Creek property. Drilling encountered the Vonnie structure but did not locate mineralization above the cut-off grades. Klondex will continue testing the northern extensions of the veins by extending the main decline to the northwest to establish additional drill platforms. Infill fan drilling from DDS6 extended the Joyce and the Vonnie vein mineralization slightly up dip and down dip. Additional fan drilling is currently under way in DDS6. Assays are pending.
Mike Doolin, Klondex general manager, stated: "Our drilling program continues to impress us as we have intersected several new areas of gold and silver mineralization. This continues to support our geologic model that there is a strong likelihood to encounter additional subparallel veins within the east and west zones. Our planned infill and exploration drill programs for 2014 will be expanded in all directions in an effort to increase the current known mineral resources at Fire Creek."
FIRE CREEK DRILLING ASSAYS
(cut-off grade of five g/t (0.15 oz/t) Au; true widths are not known)
Hole TD TD From To Length From To Length Grade Au
ID (m) (ft) (m) (m) (m) (ft) (ft) (ft) (g/t) (oz/t)
FC-13- 152.7 501 No significant results
094U
FC-13- 108.5 356 No significant results
095U
FC-13- 155.1 509 No significant results
096U
FC-13- 153.3 503 58.8 60.2 1.34 193 197.4 4.4 20.14 0.587
097U
FC-13- 317.6 1042 78.8 79.0 0.21 258.6 259.3 0.7 142.5 4.157
098U
and 84.1 84.2 0.12 276 276.4 0.4 11.2 0.327
and 99.1 100.4 1.34 325 329.4 4.4 15.17 0.442
and 102.8 103.4 0.61 337.2 339.2 2 38.3 1.117
FC-13- 117.7 386 63.4 64.9 1.52 208 213 5 166 4.842
099U
FC-13- 200.3 657 18.8 19.4 0.64 61.7 63.8 2.1 69.10 2.016
100U
FC-13- 215.2 706 8.2 8.3 0.09 27 27.3 0.3 14.45 0.422
101U
FC-13- 203.3 667 No significant results
102U
FC-13- 214.0 702 11.6 12.0 0.37 38.1 39.3 1.2 7.89 0.230
103U
and 30.3 30.6 0.34 99.4 100.5 1.1 11.2 0.327
and 32.4 33.8 1.37 106.3 110.8 4.5 39.47 1.151
FC-13- 31.4 103 24.3 26.8 2.50 79.8 88 8.2 47.50 1.386
104U
FC-13- 144.2 473 52.1 53.8 1.74 170.8 176.5 5.7 10.49 0.306
105U
FC-13- 119.8 393 36.9 38.4 1.52 121 126 5 27.40 0.799
106U
and 60.4 62.3 1.92 198 204.3 6.3 146.19 4.264
and 100.0 103.0 3.05 328 338 10 6.43 0.188
FC-13- 271.3 890 18.5 20.1 1.58 60.8 66 5.2 24.6 0.718
107U
and 24.6 24.8 0.21 80.6 81.3 0.7 171.5 5.003
and 26.7 27.1 0.37 87.6 88.8 1.2 78 2.275
and 28.0 29.0 1.07 91.7 95.2 3.5 15.57 0.454
and 31.4 32.9 1.52 103 108 5 69.6 2.030
and 243.3 244.1 0.85 798.2 801 2.8 35.2 1.027
and 246.2 247.2 1.04 807.6 811 3.4 16.9 0.493
FC-13- 26.8 88 26.4 26.8 0.46 86.5 88 1.5 67.40 1.966
108U
FC-13- 154.5 507 3.2 3.7 0.43 10.6 12 1.4 5.22 0.152
109U
and 36.8 39.9 3.17 120.6 131 10.4 17.33 0.505
and 65.3 65.7 0.43 214.1 215.5 1.4 8.92 0.260
and 67.1 67.4 0.30 220 221 1 288 8.401
FC-13- 92.0 302 35.7 37.0 1.30 117 121.5 4.5 22.62 0.660
110U
and 46.3 47.1 0.79 152 154.6 2.6 5.02 0.146
and 66.7 67.0 0.30 218.7 219.7 1 216.00 6.300
and 75.5 77.6 2.13 247.8 254.8 7 10.84 0.316
The technical information contained in this news release has been reviewed and approved by Mark Odell of Practical Mining LLC, an independent qualified person (Nevada PE 13708 and SME 2402150) for the purposes of National Instrument 43-101.
Assays were performed by SGS Minerals Services of Elko, Nev. (an independent laboratory), under the supervision of Klondex staff. For additional sampling parameters, please see the news release dated Sept. 30, 2013.
We seek Safe Harbor.
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