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Klondex Mines Ltd hails excellent grades at true North

Thursday, November 17, 2016 8:02
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(Before It's News)

The latest drilling results from target="_blank">Klondex Mines Ltd ( target="_blank">TSE:KDX) at its True North asset in Manitoba
support the expansion of the 710/711 and Cohiba zones.

At the 710/711 zones, 48 underground holes totalling 23,591 feet
have been drilled since the last update on 12 September. The
definition drilling was targeting both the up-dip and the down-dip
extensions of the 711 zone and the up-dip extensions of the 710
zone.

Results from zone 711 included 32.7 grams per tonne (g/t) over
1.8 metres; 42.4 g/t over 1.5 metres; and 28.8 g/t over 1.5
metres.

These drill results suggest that the mineralization in the 710
and 711 zones continues to extend beyond what has currently been
defined, Klondex said.

At Cohiba, 12 underground holes totalling 6,122 feet were
drilled, targeting the down-dip extension of the zone. Happily, the
results suggest the mineralization continues at depth.

Results included 60.4 g/t over 0.3 metres; 37.7 g/t over 3.5
metres; and 167.7 g/t over 0.7 metres.

“The results from the 710/711 drilling show that excellent
grades and widths continue up-dip as well as down-dip. This is
significant as it directs us to continue to drill this structural
trend for potential mineral resource addition and to refine our
2017 mine plan,” said Brian Morris, Klondex’s vice president of
exploration.

“Additionally, down-dip drilling on Cohiba is showing very
positive results that may support the economics of additional
down-dip production at Cohiba,” Morris added.

Story by target="_blank">ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/169147/

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