Nevada Gold Explorer Klondex Mines to Webcast Merriman Capital Investor Summit Presentation Wednesday, February 1st at 10:30 a.m. ET
Klondex Mines Ltd. (TSX: KDX), a Nevada gold exploration and development
company, announced today that its President and CEO, Blane Wilson, will
provide an overview of Klondex′s Fire Creek Nevada gold project at the
Merriman Capital Investor Summit 2012 in New York City. Mr. Wilson′s
presentation will be webcast and will review the progress of Klondex′s
surface and underground development programs.
When: | ? | Wednesday, February 1st, 10:30 a.m. to 10:55 a.m. ET |
? | ||
Where: | InterContinental Times Square, New York, NY | |
? | ||
Webcast Live/Replay: | ||
www.wsw.com/webcast/mcm14/kdx/ |
About Klondex Mines Ltd. (www.klondexmines.com):
Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a
compelling gold mining prospect located near power, transportation,
mining infrastructure and several milling facilities. Fire Creek′s
mineral resource is reviewed in the table below; the most recent
technical report is available here
with additional disclosure available via SEDAR.
| Fire Creek Project - Indicated and Inferred Mineral Resource | ||||||||
| as of May 21, 2011 | ||||||||
| Gold Cut-off | ? | ? | Metric | ? | Grade | ? | ||
| GPT | Classification | Tonnes | GPT | Oz. Gold | ||||
| 4.0 | Indicated | 5,176,050 | 9.90 | 1,647,052 | ||||
4.0 | Inferred | 1,732,810 | 8.22 | 458,084 | ||||
? | ||||||||
| 7.0 | Indicated | 2,145,283 | 17.62 | 1,215,019 | ||||
7.0 | Inferred | 555,043 | 12.54 | 223,794 | ||||
In addition to an active surface exploration program at Fire Creek, in
April 2011 Klondex initiated an underground exploration and development
program through an underground decline. The program is designed to
enable more cost effective in-fill drilling of its existing resource
from underground stations as well as to enable bulk sampling for
metallurgical testing of up to 120,000 short tons of material (limited
to 36,500 short tons per year).
As of December 31, 2011, Klondex had 46.4 million shares issued and
outstanding and 59.1 million shares on a diluted basis.
Richard Kern (P.Geo), of Reno, Nevada, a qualified person as defined
under National Instrument 43-101, has reviewed and approved the
technical information contained in this press release.
This news release contains forward-looking statements, including about
current expectations on the timing of project development. These
forward-looking statements entail various risks and uncertainties, are
based on current expectations, are subject to a number of uncertainties
and risks, and actual results may differ materially from those contained
in such statements. These uncertainties and risks include, but are not
limited to, the strength of the global economy; the price of gold;
operational, funding and liquidity risks; the degree to which mineral
resource estimates are reflective of actual mineral resources; the
degree to which factors which would make a mineral deposit commercially
viable are present; the risks and hazards associated with underground
operations. Risks and uncertainties about the Company′s business are
more fully discussed in the Company′s disclosure materials filed with
the securities regulatory authorities in Canada and available at www.sedar.com.
Readers are urged to read these materials. Klondex assumes no obligation
to update any forward-looking statement or to update the reasons why
actual results could differ from such statements unless required by law.
On Behalf of Klondex Mines Ltd.
Blane W. Wilson
President & CEO
Investor & Media:
Jaffoni & Collins ? Investor Relations
David
Collins, 212-835-8500
KDX@jcir.com
