Klondex Permits Water Management System at Fire Creek
09 Junho 2014 - 8:00AM
Marketwired
Klondex Permits Water Management System at Fire Creek
Final Development Milestone Complete at Fire Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) -
Klondex Mines Ltd. (TSX:KDX)(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 project's 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, Klondex's newly
acquired operating mine and milling facility is located 110 miles
north of Fire Creek.
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 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.
Klondex Mines Ltd.Paul HuetPresident &
CEO775-284-5757investors@klondexmines.comKlondex Mines Ltd.Alison
TullisManager, Investor
Relations647-233-4348atullis@klondexmines.comwww.klondexmines.com
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