OTCPK:HCGI - Post Discussion
Post by
R_J_ on Jan 19, 2017 3:41am
News - More Gold @ Lower Phoenix - Fostervelle [Redo]
Kirkland Lake Gold Extends High-Grade Mineralization at Depth on the Lower Phoenix Gold System and Reports a Record High-Grade Drill Result From the Fosterville Gold Mine -
https://www.klgold.com/investors/news-and-events/news-releases/news-release-details/2017/Kirkland-Lake-Gold-Extends-High-Grade-Mineralization-at-Depth-on-the-Lower-Phoenix-Gold-System-and-Reports-a-Record-High-Grade-Drill-Result-From-the-Fosterville-Gold-Mine/default.aspx -
Louis James Comments Quote:
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These are terrific drill results from Kirkland Lake, not just because of the high grade, but because of how close these hits are to existing underground infrastructure.
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The 1.4 kilos over 5 meters of estimated true width is only about 200 meters from current underground workings—and there are other high-grade hits connecting these dots.
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The company is being very cautious about describing these new super-high-grade hits as having the potential to expand mine reserves, but it’s clear that the mine continues getting better at depth.
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We expect this bonanza-grade material will go through the mill in the not too distant future. -
End quote.
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RJ
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