Post by
Flashbang45 on Apr 04, 2022 2:09pm
Fosterville area heating up.
Agnico Eagle Mines Ltd. (AEM): The gold miner is bullish on the prospects for its Fosterville mine and growth in Australia, its chief executive said on Friday after his first visit there since merging with Kirkland Lake Gold. The mine in Australia's Victoria state fits with the Canadian company's strategy of focusing on politically stable regions that have strong geological potential to support many mines over several decades. Looking to expand its footprint next to Fosterville, Kirkland Lake last year bid for four exploration blocks that the Victorian government offered and won three of them in October. Agnico Eagle plans to spend $60 million exploring in Australia this year, of a total exploration budget of $324 million.
https://image.crm.cgf.com/lib/fe9815737265067c7d/m/2/ce903fe5-7e9b-45a1-8f0a-8fe3ad671d43.pdf
Comment by
itwillgo1 on Apr 04, 2022 9:30pm
Is any of this exploration near AIS tenements?
Comment by
BigShareGuy on Apr 05, 2022 9:36am
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Comment by
Flashbang45 on Apr 05, 2022 2:25pm
Between the Fosterville mine and the Fosterville Toolleen property held by AIS.
Comment by
goldstd69 on Apr 05, 2022 4:21pm
things are heating up in Australia for AISSF...and good things are happening for their Lithium investments
Comment by
itwillgo1 on Apr 05, 2022 8:25pm
Yes, lithium. Their partner SPeY is trading up in the USA. The 43-101 is pending. AiS will benefit in a big way if the resource/ reserve is significant.