San Gold - Hi Grade 2013 Geo ReportIt seems that if Klondex exploits selective areas of the San Gold Mine in the report below, then its narrow vein expertise could be profitable.
I sold my LSG holding and am seeking an alternative investment. I always regarded the rice Lake mine as having god prospects in a safe territory. However, the San Gold debentures were always a millstone for it to carry.
KDX's upfront cash payment is only $20m and it is likely that it could be producing gold profitably before the remaining $12m instalments are due for payment.
https://www.geologyforinvestors.com/high-grades-from-san-golds-mine-is-profit-around-the-corner/
Initial results, obtained from the newly established 6140 drill station located approximately 1,170 metres below surface at the eastern extent of the 710 zone, demonstrate robust grades and widths that are accessible from new 26 level development. These zones are located immediately to the hanging wall of the 710 zone and appear to be part of the 007 system at depth. Highlights of this drilling include drill hole 614-13-010 which returned 45.3 g/tonne over 6.1 metres and drill hole 614-13-009 which returned 14.7 g/tonne over 4.1 metres.