Potential acquisition by KLWhy not having a close look at Wesdome at Val D'or
where they are expanding the reserves at the Kiena Mine.
Every 2 months the deposit is growing but still lot of work to be done to specify ''reserves'' as P+P.
What would happen if the total gold reserves reache 1 500 000 ounces.
The grade is outstanding at almost half an ounce and at the end of the program WDO will have drilled almost 250 000 meters a the end of the year.
Worth noting :The Kiena Complex is a fully permitted, integrated mining and milling infrastructure, which includes a 930 m production shaft and a 2,000 tpd mill.
Kiena in located about 200 kilometers from Macassa Complex .
For now the managment is looking for a production of 100 000 oz/year and it could be expand to 1800 t/d depending on the potential discovery in the next 12 months.
The budget production for 2021 is 25 000 beginning in the Q 4.
Wesdome has the Eagle River Mine were they have produced 90 000 ounces in 2020.
Reserves are limited but they will be increased throught the drilling bit every year and the grade is excellent .
Wesdome is full of cash and fully funded for the actual expansion program.
Probably a lot of ''if'' but surely interesting to increase KL production by 200 000 ounces/year for 10 years.