RE:RE:RE:RE:RE:Virtual Investor Day August 19, 2021 i only use Kirkland Lake as an example and although the "sentiments" are the same i'm not an expert on the "sediments" LOL will have to leave that to others, but indeed they plan to reach level 7000 in 2023 and have been mining at the Macassa since 1933, but we could easily be discussing Timmins or Kalgoolie when talking about even more historical gold production even though the Kirkland Lake area has produced $350B worth of gold at todays valuation and the local economy has only benefitted and survived because of it.
https://www.kl.gold/our-business/canada/macassa-mine/default.aspx
https://www.mndm.gov.on.ca/sites/default/files/geotour_pdf_files/geotours_kirkland_lake_e.pdf
i guess my point is that with the evidence of NFG high grade at near surface the company saves plenty of costs associated with creating ramps and shafts, mining and tunneling to access gold bearing structures, so that's real good, and in general, the school of thought has always been better deeper, although never guaranteed we can almost assume based on all the evidence that it should be the case here also except we won't know for a few years :)
likeike wrote: I am trying to think ....were they not at 3 or 4000 feet when they found
epizonal orogenic structures at then Newcrest.
7000 feet next year ....that is deep.
If only I had my thinking cap to think this one out. IKE