TSXV:KGL.H - Post by User
Comment by
elgin1on Jul 20, 2017 2:03pm
131 Views
Post# 26491695
RE:TABLE POUNDING BUY!!!
RE:TABLE POUNDING BUY!!!They have basically at minimum added a third to their reserves to Adumbai deposit ( 100 meter depth past existing 275 meters) . In my estimation they have over 3 million of high grade. The more fascinating thing is that the 80- degree shoots have narrow veins that have 50 to 60g/t Au !!!!!!
Kigali mine next door - Rangolds flagship mine that produces 500k ounces per year has a depth of over 800 meters.... so they will do more drilling deeper to confirm grades for infilling and at larger depths.
Kilo also has JV on the south property with Rangold which we have not been updated on. Previously Rangold made an offer which was turned down by shareholders. Resolute Mines owns almost half of the company . This will get bought out by a major in the future.
GLTA