San Gold Corporation (SGRCF)

[goldenpolarbear]

Klondex Provides Update on Canadian Operations; Tailings Reprocessing Project Underway
Marketwired Klondex Mines Ltd.
Jun 15, 2016 6:05 AM
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VANCOUVER, BC--(Marketwired - June 15, 2016) - Klondex Mines Ltd. (KDX.TO) (NYSE MKT: KLDX) ("Klondex"or the "Company") is pleased to provide an update on the Company's exploration and project development activities at its True North Gold Mine (formally known as Rice Lake Mine) in Manitoba, Canada.

Project development activities continue to advance and are on schedule and within budget.

Project Development Highlights:

True North Gold Mine has completed 145 days without a Loss Time Accident.
Expect to recover between 8,000 - 12,000 gold ounces in 2016 through a combination of test stope mining and the Tailing Reprocessing Project.

Began reprocessing material from the existing tailings (Tailings Reprocessing Project).
Mineral Resource update expected in Q3 followed by a production decision.
Infill core drilling is ongoing in the 710/711 zones.

Completed two long hole test stopes in the Cohiba zone with positive results.
Will begin bulk sample mining in the 710 zone in July.

Mr. Paul Huet, President and CEO, commented, "I am very proud of the work accomplished by the True North Gold Mine team. Our project development progress continues to be on budget and on schedule, and we also have a tremendous opportunity for further value creation by reprocessing the tailings through the existing mill." Mr. Huet continued, "We are excited about the successful completion of long hole test stoping at the mine and remain on track to announce a production decision in the second half of this year."

About Klondex Mines Ltd. (www.klondexmines.com)

Klondex is a well-capitalized, junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. The Company has 100% interests in two producing 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, as well as the recently acquired True North Gold mine and mill in Manitoba, Canada.

http://finance.yahoo.com/news/klondex-provides-canadian-operations-tailings-100500318.html

NY Bob, these San Gold shares are looking dismal unless a clause we are not seeing was added by Greg Gibson prior to signing over Rice Lake to Klondex during the court proceedings? Highly improbable.... These shares should go to zero soon and become
a complete right off unless...? True North Gold it now is...