Reviving the Historic Bissett Gold Camp

Production

True North

The True North mining complex covers 43,000 hectares and is part of a 400 km2 land package. It is located approximately 250 kilometers northeast of Winnipeg near the town of Bissett, Manitoba. True North is an underground mining operation consisting of several underground narrow-vein gold deposits in addition to a modern, fully-permitted modern gold mill capable of processing up to 2,500 tons per day. This facility will be able to maintain the capacity from True North as well as alternate ore sources.

Gold was originally discovered at True North in 1911. The mine has been in operation intermittently since 1931 and has produced more than 1.5 million ounces of gold. From 2007 until 2015, significant investments were made in the property and approximately 390,000 ounces of gold were produced.

The mine is accessed by a 4,050 foot ‘A-Shaft’ and work has been undertaken a project to improve the hoisting speed and efficiency of the shaft. Improvements have also been made to the track and main haulage systems to meet future production goals.

Under the ownership of Klondex Mines Ltd., the mine was placed under care and maintenance while strategic options were reviewed and to provide future optionality at higher metal prices. The Company has continued reprocessing tailings left behind from the previous operator to support ongoing activity at True North including advancing exploration on other properties.