SAN FRANCISCO, Dec. 11, 2017 (GLOBE NEWSWIRE) — Multiple projects are showing positive and possible expansions for this gold miner.
On Nov. 20, Klondex Mines Ltd. (TSX:KDX) (NYSE MKT:KLDX) announced initial results from its Hatter Graben zone and recovery of Hollister ore at Midas Mill. The company highlighted a couple of key points:
- Assays were received for the first five surface core holes at Hatter Graben. These are the first assays from an 11-hole drill program that was designed to infill drilling completed during 2008. The intent of this drill program is to develop an initial inferred resource at Hatter Graben.
- Mineralization at Hatter Graben remains open in all directions. Drilling continues and is scheduled to be completed in early December. After which the company expects to receive final assays from the remaining six core holes by year-end.
Analyst Philip Ker with PI Financial stated in a Nov. 21 report that the “Hatter Graben target presents significant opportunity for Klondex to expand the Hollister mine and resource base in the future.” He explained that “management also reaffirmed the Hatter Graben displays less clay content than the main mineralized zone at Hollister resulting in more competent rock. The increased competency, steep dip of veins and increased vertical extent suggest that Hatter Graben is suitable to less dilutive mining techniques such as long-hole stoping.”
Continue reading this article: A Gold Explorer’s Productive November Has Analysts Saying ‘Buy’
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