FDN - its full steam ahead in 2010From todays report:
Kinross is continuing with an 18,000-metre drilling campaign at Fruta del Norte (FDN) in Ecuador in 2010. The
Company expects to complete the campaign by the third quarter of 2010, with the expectation of finalizing a prefeasibility study and further upgrading resources at year-end. Environmental impact statements are expected to
be submitted in the second quarter in order to acquire permits for geotechnical drilling on the Colibri concession,
and to construct a decline ramp as part of the advanced exploration program.
During 2009, the Company strengthened its leadership and management resources in Ecuador, including the
appointment of Eduardo Flores as Regional Vice-President. Kinross continues to advance work on permitting,
stakeholder engagement and community development projects with the Ecuadorian government, the local
community, and interested parties, including the Shuar Federation of Zamora Chinchipe. The Company expects
to be in a position to commence discussions with the Ecuadorian government regarding a contractual framework
for FDN development later in the year.
Pretty clear Kinross is going all out to put FDN into production and expand the resource. They have plans alright.