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$20M Deal Lets Klondex (KLNDF) Start Nevada Gold Project; Targets Initial Gold Production by year-end

|Includes: Klondex Mines Ltd. (KLDX)

Klondex Mines Ltd.  TSX: KDX or OTC: KLNDF announced a $20M gold-backed funding, with an initial closing of $10M, to fund its underground development program - focused on exploration drilling and production of gold via a bulk sampling approval.  Initial production targeted for year-end 2011