VANCOUVER, BC--(Marketwired - October 11, 2016) - Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX) ("Klondex"or the "Company") is pleased to provide an update on recent and historic exploration results at its Hollister Mine in Nevada (see FIGURE 1).
Gloria West Drilling Highlights: (see TABLE 1 below)
- GLOR15-034: 4.18 opt AuEq over 8.4 ft, or 143.3 g/t over 2.6 m
- Including 18.36 opt AuEq over 1.7 ft, or 629.6 g/t over 0.5 m
- GLOR14-001: 2.42 opt AuEq over 2.2 ft, or 83.1 g/t over 0.7 m
- GLOR14-001: 3.63 opt AuEq over 0.5 ft, or 124.3 g/t over 0.2 m
- GLOR15-006: 3.59 opt AuEq over 1.1 ft, or 123.0 g/t over 0.3 m
- GLOR15-010: 1.39 opt AuEq over 7.2 ft, or 47.8 g/t over 2.2 m
- Including 2.48 opt AuEq over 3.3 ft, or 85.2 g/t over 1.0 m
- GLOR15-011: 2.20 opt AuEq over 1.4 ft, or 75.6 g/t over 0.4 m
- GLOR15-020: 1.43 opt AuEq over 4.1 ft, or 48.9 g/t over 1.2 m
- Including 8.07 opt AuEq over 0.7 ft, or 276.7 g/t over 0.2 m
- GLOR15-025: 3.85 opt AuEq over 0.6 ft, or 132.0 g/t over 0.2 m
- GLOR15-026: 2.20 opt AuEq over 2.5 ft, or 75.32g/t over 0.8 m
- GLOR15-032: 3.74 opt AuEq over 1.7 ft, or 128.2 g/t over 0.5 m
A total of 36 underground holes totaling 17,998 ft. (5,486 m) were drilled in 2014 and 2015 by the prior owner and were not previously released. These holes encountered multiple veins and extended the Gloria vein system approximately 800 ft to the West and approximately 300 ft vertically. The Gloria vein system remains open up and down dip and along strike to the West. Klondex intends to infill drill the Gloria vein system in Q4 2016 to develop a Mineral Resource estimate and continue stepping out to the West (see FIGURE 2).
Hatter Graben Historical Drilling Highlights:
- H8-264: 0.54 opt Au over 7.8 ft, or 18.6 g/t over 2.4 m (est. true width of 5.5 ft, or 1.7 m)
- H8-269: 1.77 opt Au over 2.1 ft, or 60.7 g/t over 0.6 m (est. true width of 1.5 ft, or 0.5 m)
- H8-274: 7.8 opt Au over 1.4 ft, or 268.0 g/t over 0.4 m (est. true width of 1.0 ft, or 0.3 m)
- H8-281: 1.4 opt Au over 2.3 ft, or 48.0 g/t over 0.7 m (est. true width of 1.3 ft, or 0.4 m)
- H8-285: 0.47 opt Au over 12.5 ft, or 16.0 g/t over 3.8 m (est. true width of 8.8 ft, or 2.7 m)
The historic drilling program was conducted in 2008. Three holes did not render any significant results. This surface exploration drill program discovered the Hatter Graben vein system, an east-west trending structural zone containing several sub-parallel high grade veins. Results of this program indicate the system is approximately 1,800 ft (~550 m) in strike and approximately 1,200 ft (365 m) vertical extent and open in all directions. Klondex intends to infill the widely spaced drill holes from surface to develop a Mineral Resource estimate.
Mr. Paul Huet, President and CEO commented, "We are extremely excited to be reunited with this important asset. Several members of the Klondex team have significant experience with and knowledge of Hollister. We believe the Gloria and the Hatter Graben zones have significant exploration potential." Mr. Huet continued, "We have successfully completed the consolidation of Fire Creek, Midas and Hollister, three high grade underground mines servicing one central mill at Midas, providing a unique opportunity to capture significant synergies among these operations. This has been a long-term vision and we are extremely proud of our team to be the company to finally accomplish this goal."
To the knowledge of Klondex, vein samples were analyzed by either metallic screen or standard fire assay procedures and QA/QC results were within acceptable limits. Assays were performed by ALS Chemex of Reno, Nevada, an ISO 17025 accredited independent laboratory. The historical data was verified by Klondex's technical team led by Brian Morris, Vice President of Exploration of Klondex and a "qualified person" within the meaning of National Instrument 43-101 ("NI 43-101").
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 three 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, and the True North Gold Mine (formerly the Rice Lake Mine) and mill in Manitoba, Canada. The Company also has 100% interests in two recently acquired projects, the Hollister mine and the Aurora (formerly known as Esmeralda) mine and ore milling facility, also located in Nevada, USA.
Qualified Person
Scientific and technical information in this press release has been reviewed and approved by Brian Morris (AIPG CPG-11786), a "qualified person" within the meaning of NI 43-101.
Cautionary Note Regarding Forward-looking Information
This news release contains certain information that may constitute forward-looking information or forward-looking statements under applicable Canadian and United States securities legislation (collectively, "forward-looking information"), including but not limited to the exploration potential at the Hollister Mine, future exploration plans of Klondex and any synergies that may be captured by Klondex as a result of the consolidation of Fire Creek, Midas and Hollister. This forward-looking information entails various risks and uncertainties that are based on current expectations, and actual results may differ materially from those contained in such information. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations; and the ability of Klondex to fund its substantial capital requirements and operations. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada and United States available at www.sedar.com and www.sec.gov, respectively. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking information or to update the reasons why actual results could differ from such information unless required by law.
TABLE 1: Gloria West Drill Program - Complete Results
----------------------------------------------------------------------
Au Ag AuEq
Hole ID Azi Incl TD From To Length Grade Grade Grade
--------------------------------------------------
(ft) (ft) (ft) (ft) (oz/st) (oz/st) (oz/st)
----------------------------------------------------------------------
GLOR14-001 357 -45 1244 897.5 900.0 2.5 1.187 3.44 1.235
----------------------------------------------------------------------
and 1006.0 1007.4 1.4 0.338 6.92 0.434
----------------------------------------------------------------------
and 1046.0 1048.5 2.5 1.694 2.55 1.730
----------------------------------------------------------------------
and 1056.0 1061.0 5.0 0.246 0.72 0.256
----------------------------------------------------------------------
and 1102.5 1103.4 0.9 0.428 4.23 0.487
----------------------------------------------------------------------
and 1148.8 1151.0 2.2 2.168 18.36 2.422
----------------------------------------------------------------------
and 1158.5 1161.0 2.5 0.965 5.55 1.042
----------------------------------------------------------------------
and 1186.7 1187.2 0.5 3.363 19.00 3.626
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR14-002 347 -45 1334 968.0 969.8 1.8 0.638 1.30 0.656
----------------------------------------------------------------------
and 1031.3 1032.4 1.1 2.456 8.99 2.580
----------------------------------------------------------------------
and 1110.9 1112.5 1.6 0.864 1.00 0.878
----------------------------------------------------------------------
and 1183.6 1186.2 2.6 0.525 1.39 0.544
----------------------------------------------------------------------
incl 1183.6 1184.3 0.7 1.471 3.33 1.517
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-003 22 39 413 293.2 294.5 1.3 0.820 10.20 0.961
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-004 18 0 380 192.5 194.8 2.3 1.825 1.67 1.848
----------------------------------------------------------------------
and 261.5 263.1 1.6 0.157 1.30 0.175
----------------------------------------------------------------------
and 320.5 321.0 0.5 3.439 13.20 3.622
----------------------------------------------------------------------
and 357.2 358.3 1.1 0.132 27.70 0.516
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-005 20 -24 380 212.0 212.7 0.7 1.534 1.55 1.556
----------------------------------------------------------------------
and 289.7 290.2 0.5 0.113 0.22 0.116
----------------------------------------------------------------------
and 303.0 306.0 3.0 0.332 3.00 0.374
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-006 17 46 425 238.2 238.7 0.5 1.332 6.00 1.415
----------------------------------------------------------------------
and 270.0 271.1 1.1 3.542 3.30 3.588
----------------------------------------------------------------------
and 331.8 332.4 0.6 0.531 1.53 0.552
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-007 18 34 401 182.5 184.9 2.4 0.645 0.62 0.654
----------------------------------------------------------------------
and 270.2 271.4 1.2 0.153 20.30 0.434
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-008 21 15 379 247.2 247.7 0.5 0.123 9.20 0.251
----------------------------------------------------------------------
and 260.0 260.5 0.5 0.137 2.16 0.167
----------------------------------------------------------------------
and 324.6 325.1 0.5 0.200 8.90 0.323
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-009 18 -11 430 146.7 147.4 0.7 0.671 0.57 0.679
----------------------------------------------------------------------
and 162.4 163.6 1.2 0.224 0.21 0.227
----------------------------------------------------------------------
and 272.0 275.3 3.3 0.240 0.95 0.254
----------------------------------------------------------------------
and 279.4 280.2 0.8 0.170 12.80 0.347
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-010 19 40 426 147.3 154.5 7.2 1.319 5.41 1.394
----------------------------------------------------------------------
incl 147.3 150.6 3.3 2.340 10.38 2.484
----------------------------------------------------------------------
and 272.8 276.6 3.8 0.500 16.96 0.735
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-011 18 26 377 134.9 136.0 1.1 2.110 4.60 2.174
----------------------------------------------------------------------
and 236.3 237.7 1.4 2.164 2.88 2.204
----------------------------------------------------------------------
and 243.7 244.4 0.7 0.113 0.33 0.118
----------------------------------------------------------------------
and 337.0 338.0 1.0 0.424 4.20 0.482
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-012 19 -21 350 No Significant
Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-013 355 4 328 93.9 95.0 1.1 0.495 0.58 0.503
----------------------------------------------------------------------
and 178.0 179.8 1.8 0.266 0.28 0.270
----------------------------------------------------------------------
and 241.7 243.0 1.3 1.083 2.06 1.112
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-014 14 46 425 70.0 71.3 1.3 0.572 0.93 0.585
----------------------------------------------------------------------
and 242.1 245.6 3.5 0.695 2.62 0.731
----------------------------------------------------------------------
incl 244.5 245.6 1.1 1.384 3.70 1.435
----------------------------------------------------------------------
and 305.0 305.6 0.6 1.126 4.55 1.189
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-015 12 27 381 54.5 55.5 1.0 0.620 0.72 0.630
----------------------------------------------------------------------
and 190.9 192.5 1.6 0.178 1.36 0.197
----------------------------------------------------------------------
and 257.9 262.7 4.8 0.349 3.83 0.403
----------------------------------------------------------------------
and 269.7 273.7 4.0 0.526 3.78 0.579
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-016 11 -17 325 83.9 85.1 1.2 0.238 0.66 0.247
----------------------------------------------------------------------
and 171.4 172.1 0.7 0.371 0.37 0.376
----------------------------------------------------------------------
and 225.3 226.8 1.5 1.095 0.98 1.109
----------------------------------------------------------------------
and 247.5 253.0 5.5 0.226 0.80 0.237
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-017 191 3.6 452 No Significant
Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-018 12 40 415 174.7 175.6 0.9 0.467 1.13 0.483
----------------------------------------------------------------------
and 276.6 280.3 3.7 1.208 28.47 1.602
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-019 12 21 350 157.8 158.3 0.5 0.393 1.12 0.408
----------------------------------------------------------------------
and 265.5 266.0 0.5 0.126 3.10 0.169
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-020 11 -1 325 214.0 218.5 4.5 0.844 0.86 0.856
----------------------------------------------------------------------
incl 217.4 218.5 1.1 3.191 3.10 3.234
----------------------------------------------------------------------
and 226.7 227.3 0.6 0.175 1.11 0.190
----------------------------------------------------------------------
and 229.0 233.1 4.1 1.407 1.28 1.425
----------------------------------------------------------------------
incl 232.4 233.1 0.7 7.987 5.90 8.069
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-021 11 -26 350 No Significant
Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-022 11 44 417 171.7 172.7 1.0 1.384 1.93 1.411
----------------------------------------------------------------------
and 271.7 272.8 1.1 0.190 37.20 0.706
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-023 9 27 375 203.1 205.6 2.5 0.385 9.10 0.511
----------------------------------------------------------------------
and 244.3 245.0 0.7 0.193 2.34 0.225
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-024 10 2.5 1300 187.0 190.1 3.1 0.704 2.00 0.732
----------------------------------------------------------------------
incl 187.0 188.0 1.0 1.573 2.81 1.612
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-025 10 -14 327 178.8 179.4 0.6 3.830 1.43 3.850
----------------------------------------------------------------------
and 189.3 190.0 0.7 0.159 1.91 0.186
----------------------------------------------------------------------
and 196.0 196.5 0.5 0.106 0.92 0.119
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-026 350 19 450 182.4 184.9 2.5 2.119 5.60 2.197
----------------------------------------------------------------------
and 249.0 249.5 0.5 1.396 7.00 1.493
----------------------------------------------------------------------
and 397.0 397.6 0.6 0.364 7.30 0.465
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-027 190 5 452 No Significant
Intercepts
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-028 12 43 375 159.7 162.5 2.8 0.182 0.20 0.185
----------------------------------------------------------------------
and 204.3 207.0 2.7 0.529 27.54 0.911
----------------------------------------------------------------------
and 218.0 222.9 4.9 1.296 60.15 2.130
----------------------------------------------------------------------
incl 220.9 222.9 2.0 2.773 147.10 4.813
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-029 11 -4 350 125.5 126.5 1.0 0.303 0.54 0.310
----------------------------------------------------------------------
and 163.5 166.3 2.8 0.134 1.18 0.150
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-030 11 -30 350 200.0 200.6 0.6 0.225 0.22 0.228
----------------------------------------------------------------------
and 211.5 213.2 1.7 0.122 2.02 0.150
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-031 11 33 400 130.0 130.6 0.6 0.165 3.30 0.211
----------------------------------------------------------------------
and 134.0 136.4 2.4 0.127 5.20 0.199
----------------------------------------------------------------------
and 146.4 146.9 0.5 0.148 0.83 0.159
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-032 12 11 850 109.1 113.5 4.4 0.376 0.33 0.380
----------------------------------------------------------------------
incl 109.1 110.5 1.4 1.054 0.76 1.065
----------------------------------------------------------------------
and 122.0 123.7 1.7 3.653 6.20 3.739
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-033 13 -18 375 136.1 147.0 10.9 0.358 0.59 0.366
----------------------------------------------------------------------
incl 146.5 147.0 0.5 1.009 0.68 1.018
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-034 13 -35 375 200.2 208.6 8.4 4.093 6.24 4.180
----------------------------------------------------------------------
incl 203.0 204.7 1.7 17.990 26.90 18.363
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-035 349 13 1301 99.4 100.4 1.0 0.999 0.80 1.010
----------------------------------------------------------------------
and 108.0 117.0 9.0 0.696 3.05 0.739
----------------------------------------------------------------------
incl 108.0 112.0 4.0 1.445 6.61 1.536
----------------------------------------------------------------------
----------------------------------------------------------------------
GLOR15-036 190 7 405 No Significant
Intercepts
----------------------------------------------------------------------
TABLE 1: Gloria West Drill Program - Complete Results
-------------------------------------------------------------------------
Au Ag AuEq
Hole ID Azi Incl TD From To Length Grade Grade Grade
-----------------------------------------------------
(g/Ton (g/Tonn (g/Ton
(ft) (m) (m) (m) ne) e) ne) Vein
-------------------------------------------------------------------------
GLOR14-001 357 -45 1244 273.6 274.3 0.8 40.69 118.09 42.33 Gloria
-------------------------------------------------------------------------
and 306.6 307.1 0.4 11.60 237.19 14.89 Gloria
-------------------------------------------------------------------------
and 318.8 319.6 0.8 58.09 87.27 59.30 Gloria
-------------------------------------------------------------------------
and 321.9 323.4 1.5 8.42 24.77 8.76 Gloria
-------------------------------------------------------------------------
and 336.0 336.3 0.3 14.68 145.11 16.70 Gloria
-------------------------------------------------------------------------
and 350.2 350.8 0.7 74.32 629.50 83.05 Gloria
-------------------------------------------------------------------------
and 353.1 353.9 0.8 33.08 190.15 35.72 Gloria
-------------------------------------------------------------------------
and 361.7 361.9 0.2 115.29 651.52 124.33 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR14-002 347 -45 1334 295.0 295.6 0.5 21.86 44.40 22.48 Gloria
-------------------------------------------------------------------------
and 314.3 314.7 0.3 84.12 308.00 88.39 Gloria
-------------------------------------------------------------------------
and 338.6 339.1 0.5 29.60 34.30 30.07 Gloria
-------------------------------------------------------------------------
and 360.8 361.6 0.8 17.98 47.72 18.64 Gloria
-------------------------------------------------------------------------
incl 360.8 361.0 0.2 50.39 114.00 51.97 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-003 22 39 413 89.4 89.8 0.4 28.13 319.00 32.55 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-004 18 0 380 58.7 59.4 0.7 62.57 57.20 63.37 Gloria
-------------------------------------------------------------------------
and 79.7 80.2 0.5 5.39 44.40 6.01 Gloria
-------------------------------------------------------------------------
and 97.7 97.8 0.2 117.92 413.00 123.65 Gloria
-------------------------------------------------------------------------
and 108.9 109.2 0.3 4.53 866.00 16.54 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-005 20 -24 380 64.6 64.8 0.2 52.59 53.20 53.33 Gloria
-------------------------------------------------------------------------
and 88.3 88.5 0.2 3.86 7.60 3.97 Gloria
-------------------------------------------------------------------------
and 92.4 93.3 0.9 11.40 100.00 12.78 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-006 17 46 425 72.6 72.8 0.2 45.66 218.00 48.68 Gloria
-------------------------------------------------------------------------
and 82.3 82.6 0.3 121.45 109.00 122.97 Gloria
-------------------------------------------------------------------------
and 101.1 101.3 0.2 18.20 52.50 18.93 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-007 18 34 401 55.6 56.4 0.7 22.13 21.30 22.43 Gloria
-------------------------------------------------------------------------
and 82.4 82.7 0.4 5.25 695.00 14.89 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-008 21 15 379 75.3 75.5 0.2 4.20 316.00 8.58 Gloria
-------------------------------------------------------------------------
and 79.2 79.4 0.2 4.69 74.10 5.72 Gloria
-------------------------------------------------------------------------
and 98.9 99.1 0.2 6.87 304.00 11.09 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-009 18 -11 430 44.7 44.9 0.2 23.00 19.40 23.27 Gloria
-------------------------------------------------------------------------
and 49.5 49.9 0.4 7.67 7.30 7.77 Gloria
-------------------------------------------------------------------------
and 82.9 83.9 1.0 8.24 32.64 8.69 Gloria
-------------------------------------------------------------------------
and 85.2 85.4 0.2 5.84 440.00 11.94 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-010 19 40 426 44.9 47.1 2.2 45.22 184.98 47.79 Gloria
-------------------------------------------------------------------------
incl 44.9 45.9 1.0 80.23 355.00 85.16 Gloria
-------------------------------------------------------------------------
and 83.1 84.3 1.2 17.12 582.42 25.20 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-011 18 26 377 41.1 41.5 0.3 72.33 157.00 74.50 Gloria
-------------------------------------------------------------------------
and 72.0 72.5 0.4 74.19 98.80 75.56 Gloria
-------------------------------------------------------------------------
and 74.3 74.5 0.2 3.88 11.40 4.04 Gloria
-------------------------------------------------------------------------
and 102.7 103.0 0.3 14.53 144.00 16.53 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-012 19 -21 350 No Significant
Intercepts
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-013 355 4 328 28.6 29.0 0.3 16.97 19.90 17.25 Gloria
-------------------------------------------------------------------------
and 54.3 54.8 0.5 9.12 9.70 9.26 Gloria
-------------------------------------------------------------------------
and 73.7 74.1 0.4 37.13 70.50 38.11 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-014 14 46 425 21.3 21.7 0.4 19.60 31.90 20.04 Gloria
-------------------------------------------------------------------------
and 73.8 74.9 1.1 23.82 89.74 25.06 Gloria
-------------------------------------------------------------------------
incl 74.5 74.9 0.3 47.46 127.00 49.22 Gloria
-------------------------------------------------------------------------
and 93.0 93.1 0.2 38.60 156.00 40.76 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-015 12 27 381 16.6 16.9 0.3 21.26 24.60 21.61 Gloria
-------------------------------------------------------------------------
and 58.2 58.7 0.5 6.10 46.60 6.75 Gloria
-------------------------------------------------------------------------
and 78.6 80.1 1.5 11.99 131.27 13.81 Gloria
-------------------------------------------------------------------------
and 82.2 83.4 1.2 18.06 129.62 19.85 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-016 11 -17 325 25.6 25.9 0.4 8.17 22.70 8.48 Gloria
-------------------------------------------------------------------------
and 52.2 52.5 0.2 12.73 12.60 12.91 Gloria
-------------------------------------------------------------------------
and 68.7 69.1 0.5 37.53 33.70 38.00 Gloria
-------------------------------------------------------------------------
and 75.4 77.1 1.7 7.75 27.43 8.13 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-017 191 3.6 452 No Significant
Intercepts
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-018 12 40 415 53.2 53.5 0.3 16.00 38.80 16.54 Gloria
-------------------------------------------------------------------------
and 84.3 85.4 1.1 41.41 976.00 54.94 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-019 12 21 350 48.1 48.2 0.2 13.47 38.30 14.00 Gloria
-------------------------------------------------------------------------
and 80.9 81.1 0.2 4.33 107.00 5.81 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-020 11 -1 325 65.2 66.6 1.4 28.93 29.73 29.35 Gloria
-------------------------------------------------------------------------
incl 66.3 66.6 0.3 109.39 107.00 110.87 Gloria
-------------------------------------------------------------------------
and 69.1 69.3 0.2 6.01 38.10 6.54 Gloria
-------------------------------------------------------------------------
and 69.8 71.0 1.2 48.24 44.09 48.86 Gloria
-------------------------------------------------------------------------
incl 70.8 71.0 0.2 273.84 203.00 276.65 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-021 11 -26 350 No Significant
Intercepts
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-022 11 44 417 52.3 52.6 0.3 47.46 66.00 48.38 Gloria
-------------------------------------------------------------------------
and 82.8 83.1 0.3 6.50 1277.00 24.21 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-023 9 27 375 61.9 62.7 0.8 13.20 313.00 17.54 Gloria
-------------------------------------------------------------------------
and 74.5 74.7 0.2 6.63 80.10 7.74 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-024 10 2.5 1300 57.0 57.9 0.9 24.12 68.63 25.08 Gloria
-------------------------------------------------------------------------
incl 57.0 57.3 0.3 53.93 96.40 55.26 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-025 10 -14 327 54.5 54.7 0.2 131.32 48.90 132.00 Gloria
-------------------------------------------------------------------------
and 57.7 57.9 0.2 5.45 65.60 6.36 Gloria
-------------------------------------------------------------------------
and 59.7 59.9 0.2 3.65 31.60 4.09 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-026 350 19 450 55.6 56.4 0.8 72.66 192.00 75.32 Gloria
-------------------------------------------------------------------------
and 75.9 76.0 0.2 47.86 241.00 51.20 Gloria
-------------------------------------------------------------------------
and 121.0 121.2 0.2 12.47 250.00 15.93 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-027 190 5 452 No Significant
Intercepts
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-028 12 43 375 48.7 49.5 0.9 6.24 7.00 6.33 Gloria
-------------------------------------------------------------------------
and 62.3 63.1 0.8 18.13 944.89 31.24 Gloria
-------------------------------------------------------------------------
and 66.4 67.9 1.5 44.42 2061.67 73.01 Gloria
-------------------------------------------------------------------------
incl 67.3 67.9 0.6 95.06 5042.00 164.97 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-029 11 -4 350 38.3 38.6 0.3 10.40 18.40 10.65 Gloria
-------------------------------------------------------------------------
and 49.8 50.7 0.9 4.58 40.40 5.14 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-030 11 -30 350 61.0 61.1 0.2 7.71 7.40 7.81 Gloria
-------------------------------------------------------------------------
and 64.5 65.0 0.5 4.17 69.10 5.13 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-031 11 33 400 39.6 39.8 0.2 5.66 112.00 7.21 Gloria
-------------------------------------------------------------------------
and 40.8 41.6 0.7 4.35 177.00 6.80 Gloria
-------------------------------------------------------------------------
and 44.6 44.8 0.2 5.07 28.40 5.46 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-032 12 11 850 33.3 34.6 1.3 12.89 11.44 13.05 Gloria
-------------------------------------------------------------------------
incl 33.3 33.7 0.4 36.13 26.10 36.49 Gloria
-------------------------------------------------------------------------
and 37.2 37.7 0.5 125.25 213.00 128.21 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-033 13 -18 375 41.5 44.8 3.3 12.28 20.20 12.56 Gloria
-------------------------------------------------------------------------
incl 44.7 44.8 0.2 34.60 23.20 34.92 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-034 13 -35 375 61.0 63.6 2.6 140.35 214.14 143.31 Gloria
-------------------------------------------------------------------------
incl 61.9 62.4 0.5 616.80 923.00 629.60 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-035 349 13 1301 30.3 30.6 0.3 34.26 27.30 34.64 Gloria
-------------------------------------------------------------------------
and 32.9 35.7 2.7 23.88 104.76 25.33 Gloria
-------------------------------------------------------------------------
incl 32.9 34.1 1.2 49.53 226.70 52.67 Gloria
-------------------------------------------------------------------------
-------------------------------------------------------------------------
GLOR15-036 190 7 405 No Significant
Intercepts
-------------------------------------------------------------------------
*Calculated gold equivalent ratio 72.12:1 *intercepts are not true widths
Attachment Available: http://www.marketwire.com/library/MwGo/2016/10/11/11G117642/Gloria_Sig_Intercepts_FINAL-ef5ea3892eb0a02b964c1d9e47cb040f.pdf
Attachment Available: http://www.marketwire.com/library/MwGo/2016/10/11/11G117642/Figure_1_Hollister_Exploration_PR-4726d77f4319adcd9ecf607cdfc413b4.pdf
Attachment Available: http://www.marketwire.com/library/MwGo/2016/10/11/11G117642/Figure_2_for_Hollister_Exploration_PR-00e441b8e5c48d68b5922460a0aad804.pdf
For More Information
John Seaberg
Senior Vice President, Investor Relations and Corporate Development
O: 775-284-5757
M: 303-668-7991
jseaberg@klondexmines.com
