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klondex mines ltd (KDX) Details

Klondex Mines Ltd., together with its subsidiaries, acquires, explores, and develops mineral properties in north central Nevada, the United States. The company primarily focuses on gold and silver deposits. Its principal properties comprise the 100% owned Fire Creek Property with 484 claims covering an area of approximately 11,000 acres located in Lander County; and Midas mine and ore milling facility located in Elko County. The company was formerly known as Attila Resources Limited and changed its name to Klondex Mines Ltd. in October 1974. Klondex Mines Ltd. was founded in 1971 and is headquartered in Vancouver, Canada.

Founded in 1971

klondex mines ltd (KDX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$77.5K
Corporate Secretary and Corporate Controller
Total Annual Compensation: C$139.7K
Compensation as of Fiscal Year 2012.

klondex mines ltd (KDX) Key Developments

Klondex Mines Ltd. Appoints Brent Kristof as Chief Operating Officer, Effective April 15, 2014

Klondex Mines Ltd. announced that Mr. Brent Kristof has accepted a position with the company as its Chief Operating Officer, effective April 15, 2014. Brent will lead the operations of the Company's key properties in Nevada, ensuring that mining, safety and environmental best practices are followed as move into production. This new role at Klondex further strengthens the operations-focused team to position the company for continued growth. Mr. Kristof joins Klondex with over 33 years of mining experience in technical, operations, maintenance, and leadership roles in underground and open pit mines. Most recently, Mr. Kristof has been General Manager at the Porgera Gold Mine in Papua New Guinea.

Klondex Mines Ltd. Provides Operational Update for is Fire Creek Gold Project and the Midas Gold and Silver Mine and Mill, in Northern Nevada

Klondex Mines Ltd. provided operational update for its Fire Creek gold project and the Midas gold and silver mine and mill, in Northern Nevada. The company reported transitioning the mine and milling facilities from Newmont to Klondex is complete, including the hiring and orientation of 110 Midas employees, and operations are well-underway. The first underground excavations at Midas were taken in the 7-4640 South area of the mine. After the second blast round, the vein widened and the grade increased. The average grade in this area is 20.6 g/t (0.6) opt Au and 1975.0 (57.60 opt) Ag over an average vein width of 4.8 ft; assays range from 96.0 g/t (2.8 opt) Au and 10,800 g/t (315.0 opt) Ag to 3.1 g/t (0.1 opt) Au and 536.1 g/t (18.9 opt) Ag. See Table 1 below for more details. Since encountering the high grade zone, the drift has been extended 91 ft along strike of the vein. This drift will serve for a primary drilling and mucking horizon for future long hole stoping. The mill began operating on February 19, 2014 and is currently running at a rate of 600 tpd. It is currently being fed by a blend of the Midas and Fire Creek mineralized materials. The first dore pour is expected to be March 4(th), 2014 with an initial shipment to Johnson Matthey on March 6, 2014. Klondex is currently evaluating opportunities to provide third party toll milling services. Taurus Drilling, experts in narrow vein long hole mining have been contracted for drilling and blasting at Midas. Sandvik has been awarded the contract for mobile maintenance at both Fire Creek and Midas. Sandvik are experts in this field and have a proven track record at Midas as well having worked there for over four years, from 2002 through 2006.

Klondex Mines Ltd. Provides Update on Underground Infill and Exploration Drilling from its Fire Creek Gold Project

Klondex Mines Ltd. provided an update on underground infill and exploration drilling from its Fire Creek gold project near Elko, Nevada. A total of seventeen drill holes were drilled to the east of the main decline from Muck Bay (MB) 6 and Diamond Drill Station (DDS) 6 and 17. Drilling east from MB6, designed to test the northern extension of the Vonnie vein, intersected the Vonnie structure in all five holes of the fan. The lower two holes successfully extended mineralization at depth, from 42.7 m (140 ft) to 96 m (315 ft) below the current workings. The location of mineralization intersected in these holes is consistent with the known geometry of mineralization along the Vonnie vein. The upper three holes did not encounter mineralization above the cut-off grade of 5 g/t (0.15 opt) Au. Drilling east from DDS-17 continues to demonstrate continuity of mineralization along the Joyce vein. Drill intercepts on the Joyce vein extended mineralization north by 61 m (200 ft) along strike of the current underground development, and by 27 m (90 ft) down dip and 46 m (150 ft) up dip. FC-13-107U identified one new mineralized structure northeast of the Vonnie vein, continuing to support and demonstrate the potential for finding additional mineralization within the Fire Creek property. Drilling encountered the Vonnie structure, but did not locate mineralization above the cut-off grades. Klondex will continue testing the northern extensions of the veins, by extending the main decline to the northwest to establish additional drill platforms. Infill fan drilling from DDS 6 extended the Joyce and the Vonnie vein mineralization, slightly updip and downdip. Additional fan drilling is currently underway in DDS 6. Assays are pending.


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