OTCPK:PGMFF - Post by User
Comment by
flashcashon Apr 09, 2022 2:27am
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Post# 34590199
RE:RE:Kinross
RE:RE:Kinrosspennyflipping wrote: Ok, good luck with that. LOL
I would not throw Kinross out of the picture...they will have a up to the date mill which works fine...it the carp below that is giving the issues ! It's something Sprott would need to explore as a possible solution.
Other Mineral Property Interests Kinross Exploration (Canada) completed a 2021 exploration program on PureGold’s Van Horne property as part of an option agreement. From February 2021 to March 2021, 1,040 metres of diamond drilling was completed on the Redeemer target, which produced anomalous gold values during the 2020 drill program. From May 2021 to September 2021 geological outcrop mapping was completed on select targets across the property to collect lithological and structural data to further advance existing prospects and discover new prospects. From September 2021 to October 2021, 2,904 metres were drilled at the Lone Jack target. On October 27, 2021 PureGold Mining and KG Exploration (Canada) Inc. entered into a Joint Venture agreement, whereby Kinross currently has earned an undivided 70% interest in the property and PureGold retains the remaining 30%. Kinross incurred expenditure of $1.3 million on the project in 2021. Kinross anticipates a $1.37 million exploration program in 2022 which will include overburden stripping, mapping and rock sampling, and diamond drilling. PureGold does not anticipate contributing to future exploration costs of the Van Horne project, and will allow its interest to dilute accordingly.