Klon­dex drills 0.5 m of 122.01 g/t Au at Fire Creek

Stockwatch Daily - - MINES & METALS - Mr. John Se­aberg re­ports

KLON­DEX MINES Ltd. has pro­vided an up­date on the 2017 un­der­ground drill re­sults at its Fire Creek mine lo­cated in north­ern Ne­vada, United States. The fol­low­ing drill re­sults are not in­cluded in the cur­rent min­eral re­source es­ti­mate.

Fire Creek mine un­der­ground drilling high­lights

North:

• FCU-0749: 0.91 ounce per ton gold over 6.3 feet, or 31.21 grams per tonne over 1.9 me­tres — Honeyrun­ner/Vein 59;

• FCU-0738: 1.12 ounces per ton Au over 1.3 feet, or 38.50 g/t over 0.4 m — Karen;

• FCU-0769: 0.77 ounce per ton Au over 17.3 feet, or 26.25 g/t over 5.3 m — Honeyrun­ner/Vein 55;

• FCU-0711: 0.32 ounce per ton Au over 32.5 feet, or 10.95 g/t over 9.9 m — Honeyrun­ner. Updip:

• FCU-0850: 1.61 ounces per ton Au over 5.0 feet, or 55.13 g/t over 1.5 m — Joyce;

• FCU-0752: 2.68 ounces per ton Au over 1.5 feet, or 91.81 g/t over 0.5 m — Vein 31;

• FCU-0804: 1.32 ounces per ton Au over 1.3 feet, or 45.33 g/t over 0.4 m — Honeyrun­ner;

• FCU-0780: 0.45 ounce per ton Au over 31.2 feet, or 15.48 g/t over 9.5 m — Vein 21.

South:

• FCU-0822: 3.56 ounces per ton Au over 1.5 feet, or 122.01 g/t over 0.5 m — Vein 39;

• FCU-0821: 1.70 ounces per ton Au over 1.3 feet, or 58.22 g/t over 0.4 m — Vein 39;

• FCU-0733: 1.60 ounces per ton Au over 1.0 feet, or 55.01 g/t over 0.3 m — Vein 45;

• FCU-0823A: 0.84 ounce per ton Au over 11.8 feet, or 28.69 g/t over 3.6 m — Vein 39/Joyce;

• In­clud­ing 1.66 ounces per ton Au over 2.2 feet, or 56.81 g/t over 0.7 m and in­clud­ing 3.33 ounces per ton Au over 1.3 feet, or 114.01

g/t over 0.4 m.

Key points

As­say re­sults have been re­ceived for 165 un­der­ground drill holes to­talling 127,720 feet (38,929.1 me­tres). This drilling fo­cused pri­mar­ily on in­creas­ing the con­fi­dence level in the cur­rent min­eral re­source es­ti­mate, as well as ex­tend­ing min­er­al­iza­tion to the north, south and updip. As­say re­sults con­tinue to sup­port high-grade min­er­al­iza­tion con­ti­nu­ity along strike and ver­ti­cally.

North

Drilling con­tin­ued to test the north­ern and downdip ex­ten­sions of veins 31, Honeyrun­ner and Karen from the north­ern most por­tion of the mine work­ings. Re­sults show high grades and wide drilled widths of­fer­ing an op­por­tu­nity for fu­ture bulk-ton­nage min­ing. Con­tin­u­ous min­er­al­iza­tion on mul­ti­ple veins has been ex­tended to the north along strike by ap­prox­i­mately 750 feet (228.6 me­tres) and 500 feet (152.4 m) downdip.

Updip

The updip drilling along Joyce, Joyce Splay, Karen, Honeyrun­ner and Vein 21 has re­turned sig­nif­i­cant as­say re­sults along a cu­mu­la­tive strike of ap­prox­i­mately 1,000 feet (304.8 m). Min­er­al­iza­tion has been ex­tended updip above the ex­ist­ing mine work­ings by 50 to 200 feet (15.2 to 61.0 m). As­says sug­gest min­er­al­iza­tion con­tin­ues with sim­i­lar grades and widths to what has tra­di­tion­ally been mined along th­ese veins.

South

The drilling to the south­west has shown a clus­ter of sig­nif­i­cant as­says on pre­vi­ously known and un­known veins. Th­ese veins are ap­prox­i­mately 200 feet (61.0 m) from cur­rent mine work­ings and will be an area of fo­cus in the 2018 drill pro­gram.

As­says were per­formed by ALS Global of Reno, Nev., and Amer­i­can As­say Lab­o­ra­to­ries of Sparks, Nev., as di­rected un­der the su­per­vi­sion of Klon­dex staff. Th­ese or­ga­ni­za­tions are ISO 17025-ac­cred­ited in­de­pen­dent lab­o­ra­to­ries.

A de­scrip­tion of the data ver­i­fi­ca­tion meth­ods, qual­ity as­sur­ance pro­gram and qual­ity con­trol mea­sures ap­plied can be found in the tech­ni­cal re­port ti­tled “Tech­ni­cal re­port for the Fire Creek project, Lan­der county, Ne­vada,” dated March 28, 2016, and with an ef­fec­tive date of June 30, 2015, which is avail­able un­der the com­pany’s is­suer pro­file on SEDAR.

About Klon­dex Mines Ltd.

Klon­dex is a well-cap­i­tal­ized, ju­nior-tier gold and sil­ver min­ing com­pany fo­cused on ex­plo­ration, de­vel­op­ment and pro­duc­tion in a safe, en­vi­ron­men­tally re­spon­si­ble and cost-ef­fec­tive man­ner. The com­pany has 100-per-cent in­ter­ests in three pro­duc­ing min­eral prop­er­ties: the Fire Creek mine and the Mi­das mine and ore milling fa­cil­ity, both of which are lo­cated in the state of Ne­vada, United States, and the True North gold mine and mill in Man­i­toba, Canada. The com­pany also has 100-per-cent in­ter­ests in two re­cently ac­quired projects, the Hol­lis­ter mine and the Aurora mine and ore milling fa­cil­ity, also lo­cated in Ne­vada, United States.

Qual­i­fied per­son

Sci­en­tific and tech­ni­cal in­for­ma­tion in this press re­lease has been re­viewed and ap­proved by Brian Morris (AIPG CPG-11786), a qual­i­fied per­son within the mean­ing of Na­tional In­stru­ment 43-101.

We seek Safe Har­bor.

Rod­ney Alexan­der Cooper, Mark Jef­frey Daniel, An­thony James Hag­garty, Richard James Hall, Paul An­dre Huet, Wil­liam F Mat­lack, Charles Fer­gus Hoblyn Oliver, Blair Schultz

(KDX) Shares: 177,579,653

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