Kirkland Lake Gold
Operations Kirkland Lake Gold Camp has been producing for a very impressive 100 years . One of the most recent releases from the company provided details regarding why we might be able to expect 100 more . According to the report , it included near-surface mineralization within 1,000 feet of surface of 152,000 oz . gold ( 104,000 oz . indicated and 48,000 oz . inferred category ) at 0.35 opt grade .
“ We believe this represents an expansion opportunity in the future ; which could be mined cost effectively while the mill has excess capacity . Subsequently ,
one exploration drill is currently expanding the resource with a second doing in-fill drilling with the hope of having a mineable reserve in 12 months with plans to mine the orebody at that time . All of this could be completed with minimal capex and could be undertaken quickly once given the green light due to the near surface proximity .”
Next Phase of Development The strategy for Kirkland is to return the mine to producing at its historical grade averages of 0.4 – 0.44 ounces per ton . The Company also plans to lower unit costs through scale and efficiencies and return to generating free cash
56 June 2014