Klondex Mines (KDX-V) Fire Creek yields 1,329 t of 32.7 g/t Au
Sept 12, 2013 - News Release
Klondex Mines underground development program, targeting the Joyce and Vonnie structures within the main zone of its Fire Creek project, yielded 1,329 tonnes (1,465 tons) of mineralized material in July at an average grade of 32.7 grams per tonne (0.95 ounces per ton) gold. Underground development at the Fire Creek project over the last three months has yielded 3,249 tonnes (3,582 tons) of mineralized material averaging 75.4 g/t (2.20 opt) Au.Klondex continued to develop on the Joyce (5370N and 5400S) structure and on the Vonnie (5370N and 5400S) structure during July. A total of 240 samples were taken from these work areas and submitted for assay during July. Gold grades ranged from 0.2 g/t Au to 400 g/t Au (0.005 opt Au to 11.690 opt Au) over a vein width ranging from of 0.1 metre to 0.7 metre (0.2 feet to 2.4 feet).
Paul Huet, Klondex president and chief executive officer, stated: "Through our underground development program, we continue to see very encouraging gold grades and are gaining an excellent understanding of the geology, structure and gold mineralization of the Fire Creek deposit. We've made tremendous progress over the past year as a direct result of our dedicated team, and I'm thankful for their devotion to Klondex and to advancing the Fire Creek project."
Sampling a given face is conducted after the face location has been measured, photographed and mapped in detail. Continuous rock-chip channel samples are then collected by Klondex staff in 11-inch-by-17-inch sample bags from the footwall, vein and hanging wall. Salient features including sample number, channel length, location on face, rock type and alteration are documented. Samples are sent to SGS Mineral Services Division lab in Elko, Nev., an independent laboratory, for gravimetric fire assay analysis with blanks and standards.
The technical information contained in this press release has been approved by Steven McMillin, CPG-11031 (American Institute of Professional Geologists), chief geologist for Klondex Mines, as a non-independent qualified person for the purposes of National Instrument 43-101.
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