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KAMINAK GOLD CORPORATION V.KAM

"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties in Canada and the United States."


TSXV:KAM - Post by User

Comment by phoenix_traderon Apr 18, 2016 2:55pm
185 Views
Post# 24780298

RE:RE:RE:RE:RE:RE:RE:RE:RE:Sold a third

RE:RE:RE:RE:RE:RE:RE:RE:RE:Sold a thirdNo bashing intended, I answered the posters questions about licences including the all important Water Licence which is required before operation. If KAM can shorten the years spent at YESAB that's great. VIT has obviously thought highly of JDS's work on the Coffee feasibility study.....................................VICTORIA GOLD ENGAGES JDS TO LEAD THE EAGLE FEASIBILITY STUDY UPDATE Victoria Gold Corp. has initiated a feasibility study update for the fully permitted Eagle gold project, Yukon. Victoria has engaged JDS Energy and Mining Inc. to lead the FS update with support from Merit Consultants International, Allnorth and certain key independent consultants. The FS is expected to be completed in the third quarter of 2016. The current FS for Eagle is based on inputs from fourth quarter 2011. In the past 18 months, there have been several key project elements that have materially and positively changed. Most notably, with the recent receipt of a water-use licence, Eagle is now fully permitted. Other changes include a weaker Canadian dollar, lower fuel costs, lower equipment costs and an improved labour environment to attract key personnel. In addition to updating the FS to reflect current cost assumptions, there are a number of project improvements that will be investigated including: incorporating the Olive zone into the mine plan, adding a second heap-leach pad to accommodate lower-grade run-of-mine ore and examining capital cost savings. "We are very pleased to have JDS lead the FS update. Their expertise in engineering and building projects in Canada's North and fit-for-purpose designs will benefit the Eagle project," stated John McConnell, president and chief executive officer. "Being fully permitted, Eagle is a rare asset and optimization in key areas will further enhance the current robust economics."
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