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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 of the company is generated from the sale of gold and silver."


TSX:KDX - Post by User

Comment by Goldmember1427on Jan 19, 2018 2:58pm
117 Views
Post# 27396426

RE:RE:RE:Hatter G Second Round of Drill Results Out

RE:RE:RE:Hatter G Second Round of Drill Results OutFrankly I find KDX drill results difficult to digest.  There were 10 holes drilled in the Hatter G 2017 program but only 6 were reported on in the press releases.  Does this suggest that there was no significant mineralization in the other holes?  Many junior mining companies will report on all holes and provide spacial reference as to where the ore zone was intersected relative to the collar of the drill hole.  Also most companies state that the results represent core lengths and true widths could be between 60% to 80% of the core length  Several holes have excellent assay values but the core widths are relatively narrow, some less than 1.0 metre.  Practically when it comes to mining ore zones that are this narrow it will be difficult to mine at less than 1.5 to 2.0 metres in width thus adding a lot of dilution.  KDX could really improve their press releases by adding more context to the results and summarizing all results.


Lastly the stated purpose of this drill program was to generate a mineral resource in Q1 2018.  The resource would then be upgraded to proven and probable reserves once economics are applied.  Although not impossible I think it improbable that Hatter G ore zones can be developed in time to have an impact on the 2018 mine plan. 
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