Klondex Mines fka KDX

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Klondex's Hits New High-Grade Intercept (41.55 gpt/1.21 oz/ton over 4.5 feet) at Nevada ''Fire Creek'' Deposit

Friday October 19, 2:41 pm ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Klondex Mines Ltd. (TSX: KDX - News) announced additional high-grade intercepts from recent core drilling under its Phase 6 drilling program at its 100%-owned Fire Creek property in the Battle Mountain-Eureka Trend in Northern Nevada.

High-grade gold intercepts were reported in holes FC0741 and FC0742, the southernmost holes that have been drilled to date at Fire Creek. Hole FC0742 returned 15.39 grams per tonne (gpt)/0.45 ounces per ton (opt) gold over 18 feet (5.5 meters), including 41.55 gpt/1.21 opt gold over 4.5 feet (1.37 meters). FC0742 has an additional over-run (>10 gpt/+0.29 opt) that has not yet been check assayed to determine the final gold value.

FC0741 reported a mineralized zone of 115 feet (35.1m) grading 2.0 gpt/0.06 opt including 3.8 gpt/0.11 opt over 30 feet (9.14 m) including 11.0 gpt/0.32 opt over 5 feet (1.52m). FC0741 has a 195-foot interval on which assays are pending.

A plan map showing drill hole locations is available on the Company’s website at http://www.klondexmines.com/s/News.asp

FC0741 and FC0742 are returning higher grades than those identified by previous southern discovery holes (FC0701, FC0734, FC0735) drilled on line 100m South on the Main Zone and seem to identify an additional vein. The mineralized zone appears open to the south, and Klondex plans to drill the extension as soon as all assay results are received and reviewed. Silver values are pending for both holes.

FC0741 & FC0742 were drilled on line 200m South at an azimuth of 255 degrees. The dip of FC0741 was -45 degrees and FC0742 was –55 degrees. The holes were core drilled from the surface with little change in dip of the holes. True width of intercepts in FC0742 is estimated at 57% of drilled thickness and true width in FC0741 is estimated at 71% of drilled thickness.

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