SOURCE: Klondex Mines Ltd.

Klondex Mines Ltd.

October 31, 2013 20:36 ET

Klondex Files Technical Report in Connection With Fire Creek Gold Project

RENO, NV and VANCOUVER, BC--(Marketwired - Oct 31, 2013) - Klondex Mines Ltd. (TSX: KDX) (OTCQX: KLNDF), a Nevada gold exploration and development company, announces that, further to the news release dated September 16, 2013, Klondex has filed the Fire Creek gold project Technical Report titled "Technical Report Fire Creek Exploration Project Lander County, Nevada," dated October 31, 2013, on SEDAR. The technical report was completed by Practical Mining, LLC.

The technical information contained in this press release has been approved and verified by Steven L. McMillin, CPG-11031 (American Inst. of Prof. Geol.), Chief Geologist for Klondex Mines Ltd., a non-independent Qualified Person for the purposes of National Instrument 43-101.

For Practical Mining LLC, Michele White (CPG 11252), Mark Odell (Nevada PE 13708 and SME 2402150) and Karl Swanson (SME 443076 and AusIMM 304871) have reviewed and approved the contents of the press release, for the purposes of National Instrument 43-101. These three individuals are considered Independent Qualified Persons as defined by Canadian National Instrument 43-101.

About Klondex Mines Ltd. (www.klondexmines.com)
Klondex Mines is focused on the exploration and development of its Fire Creek gold project in North-Central Nevada. Fire Creek is permitted for bulk sampling, with the necessary infrastructure in place and on site. The project is located in a mining-friendly jurisdiction, near its toll milling facilities, and major producers. As of October 31, 2013, and assuming the conversion of the special warrants to shares, Klondex has 79.2mm shares issued and outstanding and 103.1mm shares fully diluted.

This news release contains certain information that may constitute forward-looking information under applicable Canadian securities legislation, including but not limited to, information about the magnitude and quality of the Fire Creek Project, information about current expectations regarding the planned exploration and drilling at the Fire Creek Project and the potential expansion of mineralization. This forward-looking information entails various risks and uncertainties are based on current expectations, and actual results may differ materially from those contained in such information. These risks and uncertainties include, but are not limited to the risks and hazards associated with environmental compliance and permitting for its underground operations, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.

Contact Information

  • Company Contact:
    Paul Huet
    President & CEO
    Klondex Mines Ltd.
    775-284-5757
    Email Contact

    Alison Tullis
    Manager, Investor Relations
    Klondex Mines Ltd.
    647-233-4348
    Email Contact

    Toni Trigiani
    Investor Relations
    Catalyst Global LLC
    212-924-9800
    Email Contact