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Kirkland Lake Discoveries Corp V.KLDC

Alternate Symbol(s):  KLKLF

Kirkland Lake Discoveries Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. It has a prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada. The properties are hosted in the Abitibi Greenstone Belt. Its properties assembled include the Lucky Strike Property, Arnold Property, KL Central (KLC), Goodfish-Kirana and the optioned KL West (KLW) Properties. Its land position comprises approximately 38,000 hectares (ha), over 1,338 claims, and 29 patented claims. The Arnold Property comprises 28 claims covering a total area of 1,225 ha. The Lucky Strike Project is located immediately to the east of the Company’s Goodfish-Kirana Project, in Kirkland Lake, Ontario, and consists of 644 unpatented mining claims covering approximately 11,506 ha (116 square kilometers). The KLW land package comprises 107 mining claims. The KLC land package comprises eight mining claims for an aggregate of 115 claims.


TSXV:KLDC - Post by User

Comment by Nergyon Jan 03, 2011 3:16pm
352 Views
Post# 17919026

RE: RE: RE: Valuation for Lead in the Ground

RE: RE: RE: Valuation for Lead in the Ground

If I remember correctly was they expecting that the area around the old mine would host 500 kT of high grade ore (with the potential to 20 fold those figures after significant exploration).

 

They’ve been discussing an initial 200 tpd (60 kt/y) operation with low cost manual or semi manual high grading. I guess we would get best bang for the bucks to start up a small size operation and sell concentrate to a smelter with circuits that could extract germanium and possibly gallium, but I guess those are very hard to find.

 

They haven’t put any effort in IR the recent years so I don’t expect that to happen unless we get a more focused and value-orientated majority owner.

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