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Stocks To Watch


Canadian Penny Stocks to Watch - October 12 to October 16, 2009

Klondex Mines Ltd.
Symbol: KDX
Exchange: TSX
Industry: Junior Natural Resources
Products: Mining

Company Website: Click Here
Company Info: Click Here
Quote and News: Click Here
Profiled Price: $1.40   (October 09)

Company Snapshot:

Klondex Mines Ltd. is a gold exploration company focused on the development and expansion of its 100%-owned, high-grade Fire Creek deposit in Nevada. In March 2009 Klondex defined and disclosed in a technical report entitled “Updated Report on the Fire Creek Gold Property Lander Co., Nevada” dated March 30, 2009, an Indicated Mineral Resource at Fire Creek estimated at 5,043,033 tonnes grading 10.11 grams per metric ton (gpt) containing 1,639,822 ounces of gold equivalent and an Inferred Mineral Resource Estimated at 1,833,423 tonnes grading 8.63 gpt for 508,799 ounces of gold equivalent.

Note: The weekly stocks to watch are selected by a number of criteria. The weekly stocks to watch should not be construed as stock picks. Stocks to watch companies are companies that should be watched because of significant happenings in the company or their stock price. Momentum, important or significant financials and news releases, strong technical analysis indicators, unusual volume or stock price increases as well as other criteria are some of the criteria we look at when selecting our weekly stocks to watch.


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