OTCPK:GDMRF - Post by User
Post by
louelon May 10, 2019 1:48pm
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Post# 29735147
One other thing
One other thingKenville which now belongs to XIM has a fully functional onsite assay lab. So I would expect samples from the first Cores of GGX Gold Drop current drilling have already been assayed for company internal use. Perhaps the reason GGX has made an advance toward securing GOM's Kettle claims.
The other thing is Anglo Swiss former owner of Kenville reported they were about to refurbish the mill at Kenville after rediscovering the vein some 40 feet upward which was lost in a shear on the 257 level . Instead sold the operation to an Alberta company who defaulted as they could not meet the terms. So Anglo Swiss retained Kenville. It now belongs to Ximen.
Between all connected shareholders within the Ximen umbrella they control enough shares to easily thwart any hostile take over
.
What in my opinion what may be in progress is Ximen is putting together a package. ( Doing the footwork) for an acquisition by Kinross. The Greenwood mill , Lexington Golden Crown which RIVI retains a 13% NSR just may in the end be dumped back in RIVI's lap. After being stripped down what remains is a small part which was not profitable when it ran.
All Ore from the whole package Kinross may process at their US Kettle River Mill which is larger, inplace Cheaper to operate due to less tax, regulation and wage / benifet costs in the US. Haul distance is not significantly different on average than what the Buckhorn mine was. Together they would extend the Kinross LOM another 10 years or more.
Chris is an explorer like Wolfe. No record that I can locate of having expertise as a mine mill operator like Kinross.