Klondex Approved to Start Surface Prep-Work for Mine Portal at Its Nevada High-Grade Gold Property, Fire Creek
Klondex Mines Ltd. (TSX: KDX) announced today that the U.S. Bureau of
Land Management (BLM) has issued a Notice to Proceed for the Company′s
Fire Creek high-grade gold property in North Central Nevada. The BLM
notice allows Klondex to commence surface preparation work required for
Fire Creek′s planned underground development. 'Ground disturbing
activity? has been authorized in three locations, areas where the
portal, ponds, pad and surface structures are to be constructed. Klondex
expects the surface contractor to commence work early in October.
Klondex President and COO, Blane Wilson commented, 'The BLM notice
brings us an important step closer to initiating our underground
development program at Fire Creek. We are now able to start the surface
work required prior to commencement of our underground portal. This is a
pivotal stage in our continuing transformation from a surface
exploration company to an underground development company.?
About Klondex Mines (www.klondexmines.com):
Klondex Mines Ltd. is focused on the exploration and development of its
100% owned high-grade Fire Creek gold deposit in North Central Nevada.
Fire Creek is a compelling, low-Capex mining prospect that is well
located near power, transportation, mining infrastructure and several
milling facilities. Klondex has identified the following NI 43-101
compliant resource at Fire Creek:
Fire Creek ? Indicated and Inferred Resource* | ||||||||
As of March 30, 2009 | ||||||||
Grams Gold | ||||||||
Equivalent | Total Ounces | |||||||
Classification | Metric Tonnes | Per Metric Tonne | Gold Equivalent | |||||
Indicated | 5,043,033 | 10.11 | 1,639,822 | |||||
Inferred | 1,833,423 | 8.63 | 508,799 | |||||
| ||||||||
| ||||||||
ON BEHALF OF KLONDEX MINES LTD.
'William J. Solloway? Chairman and CEO | 'Blane Wilson? President and COO |
Investors:
Klondex Mines Ltd.
Bryson Goodwin, 604-341-1531
brysongoodwin@shaw.ca
or
Jaffoni
& Collins
David Collins, 212-835-8500
KDX@jcir.com