Vancouver – Klondex Mines (KDX-T) has defined over half a million oz. gold contained in three zones on its Fire Creek property in Nevada. The company’s wholly-owned Fire Creek property is situated in Crescent Valley on the Battle Mountain-Eureka trend near Placer Dome’s (PDG-T) Pipeline gold deposit.
Engineering firm, MinQuest defined 1,779,196 tons grading 0.328 oz. gold per ton for a total of 583,081 oz. gold in the NI43-101 compliant calculation it oversaw.
The resource comprises 556,342 tons grading 0.720 oz. gold for 400,529 oz. in the high grade portion plus 1,222,854 tons grading 0.149 oz. gold per ton for the remaining 182,552 oz.The resource includes veins intersected in drilling over 500 metres of strike length. Eight veins are in the Main zone, three in the West zone and one broad vein at the Far North zone.
MinQuest eliminated vein blocks averaging less than 0.292 oz. gold over 2 metres from the resource estimate, while including veins at least 6 metres thick averaging at least 3 grams gold. It made no adjustment for mining dilution beyond two metres nor did it cut high values.
Plans call for 12,200 metres of reverse circulation and core drilling to expand the current resource. Klondex believes that drill-testing the extensions will allow it to examine the economic viability of the resource.
Permitting is currently under way for the proposed drilling which is planned to begin this June. The focus will be 500 metres north of the Main and West vein zones and 500 metres north and south of the Far North vein zone.
Meanwhile Klondex has received permission to drill its Reef prospect where it plans to test gold-bearing veins hosted by Tertiary volcanics. The reef prospect is situated in the Bell Mountain mining district some 17 miles northeast of the Rawhide mine.
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