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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (13005)	8/4/2015 8:27:17 AM
From: Goose94	Read Replies (1) \| Respond to of 203353

Klondex Mines (KDX-T) Aug 4, '15 provides an update on recent drill results from underground and surface core drilling at its Fire Creek gold project in northern Nevada ( FIGURE 1). The intent of this drilling was to increase the mineral resources by stepping out vertically and laterally on known veins to the West and follow up on favorable targets south of the underground development ( WEST TABLE 1 and SOUTH TABLE 2). West Zone Drilling Highlights: 9.6 g/t (0.281 opt) Au over 6.1 m (20.0 ft) - FCU-0016 - New Vein 42.5 g/t (1.240 opt) Au over 0.9 m (3.0 ft) - FCU-0016B - Honeyrunner 19.9 g/t (0.580 opt) Au over 1.5 m (5.0 ft) - FCU-0172 - Vein 21 14.5 g/t (0.423 opt) Au over 1.5 m (5.0 ft) - FCU-0174 - Vein 22 79.7 g/t (2.325 opt) Au over 0.8 m (2.5 ft) - FCU-0192 - Honeyrunner 221.6 g/t (6.463 opt) Au over 0.3 m (1.0 ft) - FCU-0318 - Vein 46 South Zone Drilling Highlights: 9.1 g/t (0.266 opt) Au over 17.1 m (56.0 ft) - FCC-0003 - New Vein 19.3 g/t (0.563 opt) Au over 1.2 m (4.0 ft) - FCC-0003 - New Vein 15.8 g/t (0.461 opt) Au over 3.7 m (12.1 ft) - FCC-0003 - Vein 6 16.5 g/t (0.483 opt) Au over 2.3 m (7.4 ft) - FCC-0021 - Vein 6 The West Zone drilling ( FIGURE 2) is comprised of 44 underground core drill holes totaling 4,391 m (14,407 ft) from six drill platforms and from the Karen vein sills. The drilling extended the four known mineralized veins by a collective of 426.7 m (1,400 ft) laterally and 182.8 m (600 ft) vertically in the West Zone. Additionally, new parallel mineralized structures were intercepted 152.4 m (500 ft) west of the Karen vein or 167.6 m (550 ft) west of the underground workings. The South Zone drilling ( FIGURES 3 and 4) includes two surface drill holes, totaling 494.1 m (1,621 ft), located south of the underground development. The drilling followed up on RC drill results described in the December 19, 2013 press release, filled a gap in the Vein 6 resource model, and indicates additional mineralization to the south. Brian Morris, VP Exploration and Geology Services of Klondex, commented, "These results continue to demonstrate that the project is significantly under drilled. Continued drilling will be critical in gaining the geologic understanding to increase our effectiveness at expanding our current mineral resources and to lead us to new discoveries within the district." All 44 underground core drill holes and two surface drill holes will be included in the upcoming mineral resource estimate update. Drill assays were performed by American Assay Laboratories (AAL) of Sparks, Nevada ( independent laboratory), using fire assay with gravimetric finish as directed under the supervision of Klondex staff. True width are not known at this time. A description of the sampling procedures, quality assurance program and quality control measures applied is found in the technical report titled "Preliminary Feasibility Study for the Fire Creek Project, Lander County, Nevada", with an effective date of December 31, 2014, which is available under the Company's issuer profile on SEDAR at www.sedar.com. About Klondex Mines Ltd. ( www.klondexmines.com) Klondex owns and operates the Fire Creek Project and Midas Mine and Mill in the mining-friendly jurisdiction of north central Nevada. The 1200 tons per day capacity milling facility is processing mineralized materials from both Midas and Fire Creek. Fire Creek is located approximately 100 miles south of Midas. Qualified Person Brian Morris, Klondex Mines VP Exploration is the Qualified Person (AIPG CPG-11786), who has reviewed and approved the contents of this press release for the purposes of National Instrument 43-101. For More Information Alison Dwoskin Manager, Investor Relations 647-233-4348 adwoskin@klondexmines.com