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Message: Klondex Takes to Surface Final Results of Exploration at Hatter Graben


2018-01-19 07:38:40 AM ET (MT Newswires)

07:38 AM EST, 01/19/2018 (MT Newswires) -- Klondex Mines (KDX.TO) -- a junior-tier gold and silver mining company -- overnight Thursday released the final results from the 2017 surface exploration drill program at the Hatter Graben target near its Hollister Mine in northern Nevada, USA. Initial results for the first five holes of the drill program were published on November 20, 2017.

Latest highlights from the mine include H17-010: 4.12 opt AuEq over 1.2 ft, or 141.30 g/t over 0.4 m and 2.63 opt AuEq over 1.1 ft, or 90.13 g/t over 0.3 m, according to a statement.

Brian Morris, Senior VP for 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."

Morris added: "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."

Shares on Thursday edged up 1.5% to $2.76 apiece in a 52-week range of $2.10 - 7.73.

Price: 2.76, Change: 0, Percent Change: 0

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