Post by
goldnuget on Feb 02, 2018 5:24pm
klondex mines.
US Dow Jones was down at 665.75 points at close today. Klondex Flagships,Fire Creek and Midas will continue to deliver consistent results from our operations in Nevada. We also expect significant growth in production at Hollister in 2018. The new modifications to the Midas mill are underway and recoveries for the Hollister ore are now approximately 80%, with additional improvements expected.True North Mine Canada will pay its own costs,The Company will continue to process tailings, as contained in its reserve estimate, through the mill for the foreseeable future in order to maximize cash flow and offset expected care and maintenance costs.There was a successful drilling campaign at True North in 2017 and it expects to release a new resource estimate in the first quarter of 2018.In addition, the Ogama-Rockland property, recently acquired through the Bison Gold Resources acquisition, is around 30 km from the mine and has an inferred resource of 337,000 gold equivalent ounces.As the company moves forward, it will assess the potential of processing ore from both the True North mine and the Ogama-Rockland property through the True North mill to improve the economics for the company's properties in the region.True North will pay for its own care & matenance from prosessing/milling from tailings. Klondex Mines 3 Navada Mines will be the driving force & I for one,keep the faith with Klondex mines.