Canadian Mining Journal

News

GOLD: Klondex expands resources at True North project



MANITOBA – Klondex Mines of Vancouver has updated the resources at its True North gold project under development near Bissett, 250 km northeast of Winnipeg. The latest measured and indicated number is up about 32% and the inferred numberis up about 45%.

The property has total measured and indicated resources of 1.63 million tonnes grading 7.40 g/t gold and containing 388,000 oz. The inferred resource is 3.33 million tonnes grading 6.24 g/t gold and containing 668,000 oz. Increases in grades were 2% and  10%, respectively.

Klondex continues to extend the mineralization in the 710 and 711 zones and the Cohiba zone. The Deep East zone is also included in the new resource estimate.

From 2007 until 2015, True North – known then as Rice Lake – produced 390,000 oz. of gold.

More information is available at www.KlondexMines.com.

Surface Facilities at the True North gold project. (Photo: The Northern Miner)