High Grade Mineralization Continues At Fire Creek’s Zeus Target

 

VANCOUVER, BC - Klondex Mines Ltd. reported the final results of the 2017 surface exploration drill program on the Zeus target at its Fire Creek Mine located in northern Nevada, USA. Surface Exploration Drilling Highlights: FCC-0095: 1.65 opt Au over 35.0 ft, or 56.65 g/t over 10.7 m; Including 16.05 opt Au over 2.3 ft, or 550.3 g/t over 0.7 m; Including 6.52 opt Au over 1.2 ft, or 223.41 g/t over 0.4 
and 0.41 opt Au over 3.4 ft, or 13.95 g/t over 1.0 m; FCC-0097: 0.14 opt Au over 15.8 ft, or 4.75 g/t over 4.8 m; and FCC-0107: 0.16 opt Au over 15.0 ft, or 5.57 g/t over 4.6 m.

Seven surface holes were drilled in 2017 totaling 9,868.5 ft (3,007.9 m). The final results from the last four holes of the drill program were recently received. The focus of this drill program was to infill and step out from last year’s drilling with the intent to develop a resource within this mineralized structural corridor. The expects to release an updated resource estimate for Nevada operations during the first quarter of 2018.  

This surface exploration drill program builds on results previously released in 2017 (reported in a press release dated November 15, 2017) and the 2016 exploration program which successfully tested a north-south geophysical anomaly located about 4,000 ft (1,219 m) northwest of the current mine workings. This drilling has identified a zone of high grade mineralization within the Zeus structural corridor, approximately 900 ft (274 m) in length and 400 ft (122 m) vertical. This high grade zone is within 400 ft (122 m) of surface and is open in all directions. Additional drilling is scheduled in 2018 as Klondex expects to continue to infill and extend this significant high grade mineralization.

Brian Morris, Senior Vice President, Exploration, said, “The final 2017 drill results continue to support the tremendous potential to expand the high grade resource in the Fire Creek District. In addition, we are seeing evidence of a halo of lower grade mineralization outside the high grade structures, similar to the Fire Creek open pit resource. Moreover, geophysics suggest that Zeus is part of a major 6,500 ft (1,981.2 m) structural corridor which we plan to continue to define along strike in 2018.”