Klondex Mines Ltd.'s Profile

Fire Creek is Klondex Mines' flagship property in North Central Nevada where the Company has discovered an NI 43-101 compliant Indicated Mineral Resource exceeding 1.6 million ounces of gold equivalent and an Inferred Mineral Reserve of over 500,000 ounces of gold.

KLONDEX MINES LTD.

TSX: KDX Other OTC: KLNDF

  • Fire Creek's updated NI 43-101 compliant Measured and Indicated Mineral Resource reports 260K ozs gold at 44.7 g/t (1.304 opt).
  • Inferred mineral resources of over 421K ozs gold at 19.2 g/t (0.56 opt).
  • Located approximately ten miles northwest of the Barrick Pipeline deposit (7 million ozs) and five miles southeast of the Newmont Mule Canyon deposits (3 million ozs).
  • Shipments to Newmont of fire Creek material for processing began in August 2013.

Fire Creek is Klondex Mines' flagship property in North Central Nevada. The Company updated its NI 43-101 compliant Indicated Mineral Resource in September 2013 verifiying continuity and high grades.

Fire Creek is located in Lander County near the center of the Battle Mountain gold belt in Crescent Valley, approximately ten miles northwest of the Barrick's Pipeline deposit (7 million ounces) and five miles southeast of Newmont's Mule Canyon deposits (3 million ounces). All of this mineralization exists in volcanics within the trend in Crescent Valley that runs south as far as Buckhorn (Barrick).

For futher information on Fire Creek please see the current Corporate Presentation below:

http://www.klondexmines.com/i/pdf/ppt/KDX%2009-13%20Corp%20PPT.pdf

Other Properties

Maggie Creek

Klondex holds a 66.66% interest in 48 claims in the Schroeder Mountain quadrangle. The property is on three separate sections miles located about three miles northeast of Newmont's Gold Quarry mine and 1.5 miles east of the old Queen Anne mine in the heart of the Carlin Trend. The mine and mill complex at Gold Quarry was built at an estimated cost of U.S. $200,000,000, and is considered to be Newmont's crowning financial and mining achievement. Gold Quarry produced 1.6 million ounces of gold in 1996. Numerous small pits can be found throughout the property which have been dug on mineralized surface outcrops.

Hot Springs Point

Klondex has 42 claims at Hot Springs Point, about six miles east of the town of Crescent Valley. The claims are in a basalt-andesite geological setting close to a sulfur deposit. The original claims were staked in 1993 and were reduced by "checker boarding" in 2003 to lower filing costs while retaining the land position.

Reef

The 8 Reef claims in the Fairchild district of Churchill County are in the heart of an old silver mining district with production dating back to the late 19th century. The geologic formation is volcanic. Anomalous gold and silver have been detected along a siliceous reef which runs about half a mile. The claims were staked in 1986 and cover much of the exposed mineralized zone which shows evidence of pits, shallow shafts and trench work from prior examinations. The claims are surrounded on all sides with land staked by a major mining conglomerate.

Last changed at 14-Oct-2013 02:54PM by KlondexMinesIR

Management & Directors

  • Paul Andre Huet

    President, CEO & Director

    Mr. Huet brings over 25-years of experience in high-grade mining, with particular expertise in narrow vein gold mining and has supervised Mine Operations, Mine Engineering, Geology and Mine Safety in Nevada. Mr. Huet comes to Klondex from Premier Gold Mines Limited, where he served as Chief Operating Officer and oversaw that company's gold projects. Mr. Huet also served as General Manager at Great Basin's Hollister mine for five years and was Mine Manager at Newmont's Midas Mine serving in several roles during his seven-year tenure..

    Mr. Huet earned an Honors degree in Mining Engineering Technology from Haileybury School of Mines in Ontario and an Executive MBA from the Stanford University School of Business. He was appointed as a director for the Nevada Mining Association in Jan. 2011. Mr. Huet currently serves as a Director of Source Exploration Corp.

  • Mike Doolin

    General Manager

    Mr. Doolin is a 25-year veteran of the mining industry with substantial experience in the design and permitting of mining projects; extensive work in milling, metallurgy and assay operations and a vast knowledge in permitting and milling. He also brings years of experience successfully managing small and large teams on multiple projects. He served most recently with Great Basin Gold as the Esmeralda Mill Manager where he was responsible for all on-site operations. Mr. Doolin's experience also includes tenures with McClelland Laboratories, Eagle Pilcher Minerals, GD Resources, Marigold Mining, Corona Gold, and Round Mountain Gold, all in Nevada gold country.. He earned his Bachelors of Science degrees in Metallurgical Engineering and Chemistry from Montana College of Mineral Science and Technology. -

  • Jorge Avelino

    Chief Financial Officer

    Mr. Avelino is a financial consultant who also serves as Chief Financial Officer of Universal Uranium Ltd. Mr. Avelino has a Business Administration degree from the University of Ateneo and a CGA background with over 25 years of accounting and financial management experience in both private and public sectors.

    Since 1986 Mr. Avelino has dealt with start-up ventures and public companies involved in the resource sector and high tech enterprises. Mr. Avelino also deals with pre-exploration companies listed with the SEC. Prior to dealing with public companies, Mr. Avelino was the general accountant for a Vancouver manufacturing & retail company in the forest industry. He has served as a director or officer of various public companies, and brings a broad range of experience to the management team.

  • Dr. Shuai Chen

    Chief Engineer

    Dr. Shuai Chen has 17 years of experience designing mining projects, specializing in underground mine design, planning, ground control and cost control. His previous Nevada gold mining experience includes serving as Chief Engineer for Atna Resources' Pinson mine, as Senior Engineer for Great Basin Gold's Hollister mine and as Senior Mining Engineer for Newmont's Midas Mine. Dr. Chen earned his Masters and Ph.D. degrees in Mining Engineering from Southern Illinois University at Carbondale.

  • Steve McMillin

    Chief Geologist

    Steve McMillin has over 34 years of substantial experience in the gold mining industry. Working as a Geologist for most of those years, Steve's experience includes underground RC and core drilling, RC sampling and logging, underground mapping and development of alteration and geologic models. Before joining Klondex he worked as a Project Manager for Midway Gold Corp. in Nevada for over six years; prior tenures include Queenstake Resources USA (Jerritt Canyon Mine), AngloGold (Jerritt Canyon), Placer Dome (Battle Mountain), Nevada Pacific Gold and Newmont Mining Corp., among others.

    Mr. McMillin holds a Masters (M.Sc.) in Geology from the University of Alaska-Fairbanks and a Bachelors in Geology from the University of Utah.

  • Sid Tolbert

    Fire Creek Mine Superintendent

    Sid Tolbert joins Klondex with nearly 20 years of mining experience including an extensive knowledge in the extraction of narrow, high-grade gold vein systems in Nevada. He spent 14 years with Newmont Mining at the Midas Mine and its Vista project at Twin Creeks, the last four of which he served as Mine Operations Superintendent for both. He spent nine years in Senior Supervisor roles such as General Mine Foreman, Senior Foreman and Mine Foreman. His prior experience as a miner in Nevada with Normandy Mining Corporation, Dynatec Mining Corp. and Thyssen Mining make him well suited for his role at Fire Creek.

  • Lucy Downer

    Environmental Manager

    Lucy Downer comes to Klondex with 18 years of environmental experience. She has been instrumental in the success of several mining and environmental projects across North America, primarily within Nevada. She is a graduate of the Engineering: Mining and Mineral Processing Program of Queens University in Ontario.

  • Bryan Ouellette

    Safety and Projects Foreman

    Mr. Ouellette brings over 30 years of experience in North American mine safety to Fire Creek. He began his career in Ontario with Noranda, followed by increasingly senior training, projects and safety managing roles at Newmont's Marathon Ontario and Carlin Nevada projects. Most recently, he managed the Lean Six Sigma Black Belt continuous improvement courses at Carlin, including managing the project pipeline and analyzing the best methodologies to extract gold from tailings.

Broker Fact Sheet

  • KDX Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Klondex Mines Ltd.
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