Klondex Mines Details Progress at Fire Creek and Midas

Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) provided an updated on both its Midas Gold and Silver Mine and Mill, and Fire Creek Gold projects. At Midas, operations began on February 19th and is currently running at a rate of 600 tpd; the first dore pour is expected to be on March 4th with an initial shipment to Johnson Matthey on March 6th. At Fire Creek, bulk sampling is fully commissioned and benching the Vonnie and Joyce veins is well underway.

As quoted in the press release:

Midas Mine and Mill

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 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, 2014 with an initial shipment to Johnson Matthey on March 6th. Klondex is currently evaluating opportunities to provide third party toll milling services.

Fire Creek

Bulk sampling at Fire Creek is fully-commissioned and benching the Vonnie and Joyce veins is well underway. Shipments of mineralized material from Fire Creek commenced on February 11, 2014, to the Midas mill, approximately 100 miles north at a haulage cost of $32/t.

Klondex Mines President and CEO, Paul Huet, said:

It’s with a great amount of pleasure that we provide Klondex’s first operational update since the acquisition of the Midas mine and mill. We assumed ownership of Midas on February 11th of this year and immediately started drilling and blasting the underground stopes. Our initial blast rounds exposed high-grade gold and silver veins in an area along strike from the existing workings on the 905 vein. I believe the success of the operations team hitting the ground running, is a direct result of the leadership team having previous experiences at Midas.

Click here to read the Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) press release
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