RE:Just about drilling at Detour/Macassa/FostervilleThanks for posting something other then Bit coin...
Agree the drill bit will drive this stock forward...
bossu - (3/14/2021 11:21:50 AM) Just about drilling at Detour/Macassa/Fosterville KL is working hard to expand reserves at Detour/Macassa/Fosterville and this might be a
game changer and this is why the ''drilling bit''is so important in the mining world.!
From the last presentation at BMO :
- Exploration success at all operations -- drill success at Detour Lake, Macassa and Fosterville in 2020 highlight value creation potential at all three assets;
- Of a total of 525,000 metres of drilling planned f 2020, approximately 340,000 metres or 65 per cent were completed.-
- Still 185 000 meters to go
Reserves at Detour; Total drilling program ;
In total, 272,000 metres of surface drilling are planned at Detour Lake in FY 2021for a total capital and expensed exploration expenditures are targeted at $40-million to $45-million. There is increasing evidence that a much larger and potentially higher grade deposit may exist than is currently included in mineral reserves; Reserves at Macassa -
In 2021, total capital and expensed exploration expenditures at Macassa are targeted at $45-million to $50-M -Exploration: SMC
continues to grow, highgrade mineralization intersected along both Amalgamated and Main Break
-Significant exploration success being achieved • Extending South Mine Complex to east and west, identifying high-grade mineralization along the Amalgamated Break, identified new, high-grade corridor along Main Break near new shaft location
-Planned meters completed 50% March 1
Reserves at Fosterville Exploration: Large mineralized systems at Lower Phoenix, Cygnet, Robbin’s Hill and Harrier;
Significant potential for additional high-grade zones
-Robbin’s Hill provides potential for second mining operation to feed Fosterville Mil-
-Planned meter completed 59 % March1
Exploration guidance for 2021 $ 170 M-$ 190M