🕐12.07.11 - 15:54 Uhr
KLONDEX MINES CONFIRMS SEVEN-MEMBER BOARD WITH SUBSTANTIAL NEVADA GOLD MINING EX
PERIENCE; APPOINTS BLANE WILSON AS CEO AND KEN STOWE AS LEAD DIRECTOR
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News - Tuesday, July 12, 2011
Klondex Mines Confirms Seven-Member Board with Substantial Nevada
Gold Mining Experience; Appoints Blane Wilson as CEO and Ken
Stowe as Lead Director
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Vancouver, BC Canada, July 12, 2011 - Klondex Mines Ltd.
(TSX: KDX),
which is focused on the exploration and development of its 100% owned
Fire Creek gold deposit in North Central Nevada, today confirmed the
election of six Directors to its Board at its annual shareholders
meeting held June 30, 2011 and the subsequent appointment of Ken Stowe
as a seventh Director.
Mr.
Stowe shall also serve in the role of Lead
Director.
The Klondex Board now includes five independent Directors.
Klondex also announced that Blane Wilson has been named President and
Chief Executive Officer of the Company, expanding upon his prior role
as President and Chief Operating Officer.
William J.
Solloway, who has
stepped down as CEO, remains as Chairman of the Klondex Board.
The new Board provides substantial precious metals exploration,
production, processing and finance experience as Klondex enters an
exciting new phase of underground exploration, deposit
delineation/verification and bulk sampling, seeking to advance its goal
of becoming a successful mid-tier gold mining company.
Klondexs Board
is comprised of the following professionals:
Andre Douchane, Director, has extensive experience in developing and
managing mines in Nevada, including the Round Mountain gold mine,
several projects for Battle Mountain Gold and Battle Mountain North
America, and Franco-Nevadas Ken Snyder (Midas) gold mine.
He is
Chairman of North American Palladium Ltd.
and a Director of Osisko
Mining Corporation.
Robin Goad, Director, is a professional geologist with approximately 30
years of experience in the mining and exploration industries in Canada
and internationally.
He is President, CEO and a Director of Fortune
Minerals Limited, a director of the Northwest Territories and Nunavut
Chamber of Mines, and a director of Andor Mining Inc.
Warren Moysey, Director, was with CIBC for 28 years, with his last
position as director and one of three bank presidents.
He has also
held senior positions at financial institutions including Chairman and
CEO of CI Mutual Funds Inc.
and is currently an Independent Review
Committee member for Toronto Dominion Asset Management Inc.
and a
director of a TDAM Mutual Fund.
William Solloway, Chairman, is Barrister/Solicitor and active investor
overseeing family interests in mining, natural resource and other
public companies.
After a career in law, Mr.
Solloway held management
positions at Canadian Bechtel, Trans Mountain Pipeline and was a
principal at Minbanco Corp., Camino Gold Mines and The Marshall Plan
asset managers affiliated with CALPERS.
Kenneth Stowe, Lead Director, has over 35 years of mining industry
experience.
He is the outgoing President and CEO of Northgate Minerals
Corporation and the recipient of the Canadian Mineral Processor of the
Year Award in 2006.
Prior to Northgate, Mr.
Stowe worked in various
operational, R&D and corporate leadership roles at Noranda, Diamond
Fields Resources and Westmin Resources/Boliden.
Mr.
Stowe is a
director of Hudbay Minerals Inc.
Chad Williams, Director, is a professional mining engineer and was a
highly ranked institutional equity analyst covering the gold and
precious metals sector.
He previously served as a Senior Gold Analyst
and ultimately Head of Investment Banking at Blackmont Capital Inc.
He
is a director and former President and CEO of Victoria Gold Corp.
and a
director of Golden Valley Mines Ltd.
Blane Wilson, Director, President and CEO, has over 25 years of mining,
gold refining and processing, permitting, water management, reclamation
and construction experience, including serving as Corporate Operations
Manager for Queenstake Resources USAs Jerritt Canyon Nevada gold mine.
Mr.
Wilson is COO of Golden Eagle International, Inc.
Audit & Compensation and Governance Committee Appointments:
Klondexs new Board of directors has appointed a new Audit Committee
and expanded the scope of its prior Compensation Committee to form the
Compensation and Governance Committee.
Andre Douchane, Robin Goad, and
Ken Stowe have each agreed to serve on both the Audit Committee and the
Compensation and Governance Committee.
Klondex President and CEO, Blane Wilson, commented, "Klondex has forged
a very strong, independent board with an impressive track record of
mining industry accomplishment and mine operations experience,
including relevant Nevada gold mining involvement.
The Boards
guidance will prove instrumental as we execute our active surface and
underground programs at Fire Creek which continue to make solid
progress.
The Board has also made substantial Corporate Governance
headway, having formed fully-independent Audit and Compensation and
Governance Committees.
These are important steps for Klondex that
reflect our evolution as a company and represent clear signs of the
Boards responsiveness to shareholders."
About Klondex Mines Ltd.
(www.klondexmines.com):
Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada.
As of July 11,
2011, Klondex had 37.0 million shares issued and outstanding and 43.6
million shares on a diluted basis.
On Behalf of Klondex Mines Ltd.
Blane Wilson
President and CEO
Investor Contacts:
Bryson Goodwin
Klondex Mines Ltd.
(604) 341-1531
David Collins
Jaffoni & Collins
(212) 835-8500
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Copyright (c) 2011 KLONDEX MINES LIMITED (KDX) All rights reserved.
For more information visit our website at http://www.klondexmines.com/
or send mailto:
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