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Klondex Continues to Unlock Value at Hatter Graben18.01.2018 | 23:35 Uhr | GlobeNewswire
VANCOUVER, British Columbia, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Klondex Mines Ltd. (TSX:KDX) (NYSE American:KLDX) (“Klondex” or the “Company”) is pleased to provide the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister Mine (“Hollister”). Initial results for the first five holes of the drill program were published on November 20, 2017. Hollister is located in northern Nevada, USA.
Hatter Graben Surface Drilling Highlights from Last Five Holes: (TABLE 1)
KEY POINTS: Drilling from the most recent five holes continued to intersect multiple sub-parallel veins that extend mineralization along strike by approximately 800 ft (243.8 m) and down dip approximately 200 ft (61.0 m), bringing the known extent of the multiple sub-parallel mineralized veins to approximately 1,400 ft (426.7 m) of vertical height and 2,000 ft (609.6 m) of strike length. Mineralization remains open in all directions. (Figure 2) In addition, the drill data suggests that mineralization appears to be strengthening to the east and is hosted in more competent rock compared to the Hollister mine. The preferable ground conditions at Hatter Graben should allow for better vein development, superior dilution control and provides the option for the more efficient long-hole stoping mining method. Mr. Brian Morris, Senior Vice President, Exploration, said, “Drilling from the more desirable drill sites that were permitted later in the drill season returned significant results. These preferred drill locations allowed us to target the vein system at optimal elevations and extend mineralization to the east. The drill data indicates that the vein system becomes more robust to the east in grade and vein concentrations.” Mr. Morris continued, “Moreover, analysis of the drill data shows the evidence of mineralization above the unconformity in the older Eocene-age volcanic rocks. This favorable stratigraphic horizon thickens to the west and offers the possibility to extend mineralization several hundred feet up dip in this area. Assays were performed by American Assay Laboratories of Sparks, Nevada, as directed under the supervision of Klondex staff. This organization is an ISO 17025 accredited independent laboratory. A description of the data verification methods, quality assurance program and quality control measures applied can be found in the technical report titled “Technical Report and Pre-Feasibility Study for the Hollister Underground Mine”, as amended on August 9, 2017 with an effective date of May 31, 2017, which is available under the Company’s issuer profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Qualified Person About Klondex Mines Ltd. (www.klondexmines.com) Contact: Cautionary Note Regarding Forward-looking Information Cautionary note to U.S. investors regarding estimates of measured, indicated and inferred resources and proven and probable reserves The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in, and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all, or any part, of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Photos accompanying this announcement are available at A PDF accompanying this announcement is available at Dieser Artikel stammt von Rohstoff-Welt.de
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