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Bullboard - Stock Discussion Forum KLONDEX MINES LTD. T.KDX

"Klondex Mines Ltd is a gold and silver producer engaged in exploration, development, and production of its properties. The company has interests in three mineral properties: the Fire Creek Mine, and the Midas Mine and ore milling facility, both of which are located in the state of Nevada, USA, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The revenue... see more

TSX:KDX - Post Discussion

KLONDEX MINES LTD. > If Hatter Graben IS INDEED the reason they bought Hollister
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Post by Cashcosts on Jun 28, 2017 2:48pm

If Hatter Graben IS INDEED the reason they bought Hollister

 This is the area Klondex just started drilling this past week. These are some holes drilled from 2008. Hatter Graben Vein System Highlights: Hole H8-269 tested the vein system about 400 ft west of the original discovery holes H8-264 and H8-265. The hole was lost at 2155 ft (656.8 m); therefore, only tested the upper brecciated and sheet vein zone of the system. From 2123.5 - 2125.6 ft (647.2 - 647.9 m), a quartz vein was encountered with a true thickness of 1.4 ft (0.4 m) grading 1.77 oz/t (60.7 g/t) Au and Ag (greater than) 5.8 oz/t ((greater than) 200 oz/t) Ag (over-limit assays are still pending). An intercept of interest was encountered higher in the hole from 1413.5 -1418.2 (430.8 - 432.3 m) grading 3.3 ft (1.0 m) of 0.441 oz/t (15.11 g/t) Au and 1.35 oz/t (46.3 g/t) Ag. This intercept is hosted by the overlying Tertiary volcanic rocks, suggesting the presence of additional veins deeper in Hollister's Ordovician host rocks. Hole H8-274 tested the vein system about 300 ft (100 m) west of the original discovery holes H8-264 and H8-265. This hole intersected four high-grade naumannite banded veins which include: from 1739.0 -1743.0 ft (530.0 - 531.3 m) 2.6 ft (0.8 m) grading 1.12 oz/t (38.5 g/t) Au and 16.80 oz/t (576.0 g/t) Ag, from 2228.0 - 2228.9 ft (679.1 - 679.4 m) 0.6 ft (0.2 m) grading 0.23 oz/t Au (7.9 g/t) Au and 2.36 oz/t (81.0 g/t) Ag, and from 2289.8 - 2291.2 ft (697.9 - 698.4 m) 1.0 ft (0.3 m) grading 7.82 oz/t (268.0 g/t) Au and 18.11 oz/t (621.0 g/t) Ag, and from 2653.8 - 2655.8 ft (808.9 - 809.5 m) 1.41 ft (0.4 m) grading 0.52 oz/t (17.9 g/t) Au and 10.4 oz/t (357.0 g/t) Ag.
Comment by PMInvestor08 on Jun 28, 2017 3:03pm
This post has been removed in accordance with Community Policy
Comment by Looking4Doubles on Jun 28, 2017 6:59pm
When I talked with John (IR) the other day, he said Hatter Graben WAS the reason KLDX wanted the mine. Here's "my take" on other questions recently voiced here: 1.) Why the reaction ? - My take was that some fund mgrs/analysts saw the numbers as being less robust than "old" numbers/views pitched by GBG execs years ago.  If they are selling prematurely because they ...more  
Comment by Cashcosts on Jun 29, 2017 10:22am
Not that I can recall.  But I have posted in a lot of places lol.
Comment by Cashcosts on Jun 29, 2017 10:27am
I spoke with John as well and he echoed what he told you.  Hatter Graben is Midas type rock with Fire Creek grades.  The Hollister mine (after they mine the legacy material that GBG didn't) costs are hopefully going to look more like Fire Creek and less like Midas if the Hatter Graben drilling goes as expected.  If that happens, you have a company with the 2 highest grade gold ...more  
Comment by passionatepiper on Jun 29, 2017 10:41am
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Comment by CaptainConn on Jun 29, 2017 10:59am
At this stage of the game, i am just hoping for a hostile takeover. Investing in hopes of a buyout is a sucker's bet and wishful thinking but stock has done nothing and i would like to be out of it. Take it out for $5.50-6/share...don't really care.
Comment by passionatepiper on Jun 29, 2017 11:01am
This post has been removed in accordance with Community Policy
Comment by JRafflesUK on Jun 29, 2017 11:56am
https://www.klondexmines.com/assets/docs/rbc-global-metal-and-mining-conference_june-2017_final.compressed.pdf The attached KDX presentation illustrates the timeline for the Hatter Graben production on page 6. The projection for full production is 2019.  Again, it should be emphasised that KDX paid $80m, allegedly primarily for Hatter Graben, where KDX clearly state that they only started ...more  
Comment by Looking4Doubles on Jun 29, 2017 3:35pm
Well said CASH !   Now you know why I started investing in KLDX after Claude Resources was bought out way way too soon.
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