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Re: News - Thursday, September 18, 2008
Klondex Grants Incentive Options
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Vancouver, British Columbia: September 18, 2008 - Klondex Mines Ltd.
(TSX: KDX) announces that an aggregate of 1,100,000 incentive stock
options have been granted to directors, consultants and key employees
at an exercise price of $0.86 per share, being the five- day volume
weighted average price of the Company's shares on the Toronto Stock
Exchange (the "Exchange"). The options are exercisable for a period of
five years, ending on September 17, 2013, and are subject to the
requirements of the Exchange and the Company's Stock Option Plan.
About Klondex Mines Ltd.:
Klondex Mines (TSX: KDX) is a gold exploration company focused on the
development and expansion of its high-grade Fire Creek deposit in
Nevada, covering 10,708 acres of fee and federal mining claims 100%
controlled by Klondex. At Fire Creek, Klondex has a September 2006, NI
43-101 defined Indicated Mineral Resource estimated at 1,636,555 tonnes
grading 19.88 grams per tonne (0.639 oz/tonne) containing 1,045,738 oz
of gold in two separate mineral zones. Since 2006, over 100,000 feet of
drilling has expanded the Company's resource, now being defined for an
updated 43-101. Klondex has filed for permits to begin bulk sampling
for metallurgical testing of up to 120,000 tons of ore and anticipates
receipt of these permits in 2008.
Fire Creek is located along the Northern Nevada Rift and on the Battle
Mountain-Eureka Trend in North Central Nevada, an area of prolific gold
production. Klondex currently has three drill rigs working to expand
its resource at Fire Creek. The Company was founded over thirty years
ago, and its property portfolio consists of four gold exploration
projects, all in Nevada. Eighty percent of Klondex's known resource is
on private land. For more information, please visit
www.klondexmines.com.
ON BEHALF OF KLONDEX MINES LTD.
"William J. Solloway"
President
# # #
Investor Contact:
David Collins, Ratula Roy
Jaffoni & Collins Incorporated
KDX@jcir.com
(212) 835-8500
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Copyright (c) 2008 KLONDEX MINES LIMITED (KDX) All rights reserved.
For more information visit our website at http://www.klondexmines.com/
or send mailto:info@klondexmines.com
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