🕐09.06.14 - 13:27 Uhr
KLONDEX PERMITS WATER MANAGEMENT SYSTEM AT FIRE CREEK; FINAL DEVELOPMENT MILESTO NE COMPLETE AT FIRE CREEK
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Klondex Permits Water Management System at Fire Creek
- Final Development Milestone Complete at Fire Creek -
Vancouver, BC - June 9, 2014 - Klondex Mines Ltd.
(TSX: KDX or OTCQX: KLNDF) is
pleased to announce that it received the final permit for the Rapid Infiltration
Basin (RIB) at the Fire Creek Project.
The RIB is expected to be complete in third
quarter of 2014.
This is the final construction project for operations at Fire Creek
and represents the projects long-term water management solution.
The Bureau of Land Management has issued a Determination of National Environmental
Policy Act (NEPA) Adequacy related to the RIB pipeline and infiltration basin.
The
RIB design infiltrates water that complies with State and Federal drinking water
standards and discharges it into the ground.
Mike Doolin, Klondex Vice President Business Development commented, "Construction
of the RIB improves our water management at Fire Creek, resulting in more flexible
operations.
We are now focusing our attention on acquiring the environmental permits
for full-production, expected in the second half of 2015."
About Klondex Mines Ltd.
(www.klondexmines.com)
Klondex Mines is focused on the exploration, development and production of its high
quality gold and silver projects.
The company is operating an ongoing bulk sampling
program at its Fire Creek gold project located in north central Nevada.
Fire Creek
is in a mining-friendly jurisdiction, with onsite power and mining infrastructure,
and near major producers.
Midas, Klondexs newly acquired operating mine and milling
facility is located 110 miles north of Fire Creek.
For More Information
Paul Huet
President & CEO
775-284-5757
Alison Tullis,
Manager, Investor Relations
647-233-4348
Forward-looking Information
This news release contains certain information that may constitute forward-looking
information under applicable Canadian securities legislation, including but not
limited to information about current expectations on the timing and success of exploration
activities, the successful execution of the bulk sampling program at the Fire Creek
Project, project development (including the timing and completion of the RIB construction
at the Fire Creek Project) and related permitting.
This forward-looking information
entail various risks and uncertainties, are based on current expectations, is subject
to a number of uncertainties and risks, and actual results may differ materially
from those contained in such information.
These uncertainties and risks include,
but are not limited to, the strength of the global economy; the price of gold and
silver; 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; the risks and
hazards associated with underground operations; and the ability of Klondex to fund
its substantial capital requirements and operations.
Risks and uncertainties about
the Companys business are more fully discussed in the Companys 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.
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Suite 600, 595 Howe Street, Vancouver, BC
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