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Message: Klondex Approved to Start Surface Prep-Work for Mine Portal at Its Nevada High-G

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Klondex Approved to Start Surface Prep-Work for Mine Portal at Its Nevada High-G

posted on Oct 20, 10 03:07PM (Log in to use the IP Check tool) ^[?]

Thu Sep 30, 2010
Klondex Approved to Start Surface Prep-Work for Mine Portal at Its Nevada High-Grade Gold Property, Fire Creek

Vancouver, B.C. -- September 30, 2010 -- Klondex Mines Ltd. (TSX: KDX) announced today that the U.S. Bureau of Land Management (BLM) has issued a Notice to Proceed for the Company's Fire Creek high-grade gold property in North Central Nevada. The BLM notice allows Klondex to commence surface preparation work required for Fire Creek's planned underground development. "Ground disturbing activity" has been authorized in three locations, areas where the portal, ponds, pad and surface structures are to be constructed. Klondex expects the surface contractor to commence work early in October.

Klondex President and COO, Blane Wilson commented, "The BLM notice brings us an important step closer to initiating our underground development program at Fire Creek. We are now able to start the surface work required prior to commencement of our underground portal. This is a pivotal stage in our continuing transformation from a surface exploration company to an underground development company."

About Klondex Mines (www.klondexmines.com):
Klondex Mines Ltd. is focused on the exploration and development of its 100% owned high-grade Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling, low-Capex mining prospect that is well located near power, transportation, mining infrastructure and several milling facilities. Klondex has identified the following NI 43-101 compliant resource at Fire Creek:

Fire Creek -- Indicated and Inferred Resource*
As of March 30, 2009

Classification	Metric Tonnes	Grams Gold Equivalent Per Metric Tonne	Total Ounces Gold Equivalent
Indicated	5,043,033	10.11	1,639,822
Inferred	1,833,423	8.63	508,799

*The resource is approx. 98.3% gold and 1.7% silver and reflects a cutoff grade of 5 grams per tonne and 60 units of silver equivalent to one unit of gold.

ON BEHALF OF KLONDEX MINES LTD.

"William J. Solloway" Chairman and CEO
"Blane Wilson" President and COO

Investor Contacts:
Bryson Goodwin
Klondex Mines Ltd.
brysongoodwin@shaw.ca
(604) 341-1531

David Collins
Jaffoni & Collins
KDX@jcir.com
(212) 835-8500

You can view the Previous News item: Wed Jul 14, 2010, Klondex Sets Term Sheet for $10 - $20 Million in Gold-Backed Financing to Fund its Underground Program in Nevada

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