Attached files
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EX-99.1 - TECHNICAL REPORT FOR THE FIRE CREEK PROJECT, LANDER COUNTY, NEVADA - KLONDEX MINES LTD | exhibit99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 5, 2018
KLONDEX MINES LTD.
(Exact name of registrant as specified in its charter)
British Columbia | 001-37563 | 98-1153397 |
(State or other jurisdiction of | ||
incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
6110 Plumas Street, Suite A
Reno, Nevada 89519
(Address of Principal Executive Offices)
(775) 284-5757
(Registrant's telephone
number, including area code)
N/A
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instructions A.2 below):
[ ] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d -2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e -4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 7.01 Regulation FD Disclosure.
On February 5, 2018, Klondex Mines Ltd. (the Company) filed a technical report concerning its Fire Creek mine titled Technical Report for the Fire Creek Project, Lander County, Nevada dated February 5, 2018, with an effective date of November 30, 2017 (the Technical Report) on SEDAR. The Technical Report is attached to this Current Report on Form 8-K as Exhibit 99.1. The format and content of the Technical Report were prepared in accordance with Form 43-101F1 of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators (NI 43-101).
In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the Technical Report attached hereto as Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
As used in the Technical Report, the terms mineral reserve, proven mineral reserve and probable mineral reserve are Canadian mining terms as defined in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)-CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (CIM Definition Standards). These definitions differ from the definitions in the U.S. Securities and Exchange Commission's ("SEC") Industry Guide 7 (SEC Industry Guide 7) under the Exchange Act. The Technical Report was also prepared in accordance with Industry Guide 7.
The terms mineral resource, measured mineral resource, indicated mineral resource and inferred mineral resource are defined in, and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into reserves.
An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
Disclosure of contained ounces in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report in place tonnage and grade without reference to unit measures for mineralization that does not constitute reserves by SEC standards. Accordingly, information contained in the Technical Report contain descriptions of the Companys mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
The term mineralized material as used in the Technical Report, although permissible under SEC Industry Guide 7, does not indicate reserves by SEC Industry Guide 7 standards. The Company cannot be certain that any part of the mineralized material will ever be confirmed or converted into SEC Industry Guide 7 compliant reserves. Investors are cautioned not to assume that all or any part of the mineralized material will ever be confirmed or converted into reserves or that mineralized material can be economically or legally extracted
Item 9.01 Financial Statements and Exhibits.
(d) List of Exhibits
Exhibit | Description |
99.1 | Technical Report for the Fire Creek Project, Lander County, Nevada |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
KLONDEX MINES LTD. | |
Date: February 9, 2018 | By: /s/ Barry Dahl |
Name: Barry Dahl | |
Title: Chief Financial Officer |
EXHIBIT INDEX
Exhibit | Description |
99.1 | Technical Report for the Fire Creek Project, Lander County, Nevada |