Thursday, December 14, 2017 2:26:17 PM
December 12, 2017
Download News Release(PDF 430 KB)
TORONTO, ON -- (Marketwired) -- 12/12/17 --
Kinross Gold Corporation (TSX: K)(NYSE: KGC) is pleased to announce
that it has gained mineral rights to a 287-hectare (709-acre) parcel of
land known as Gilmore located immediately west of its Fort Knox mine in
Alaska.
As a result, Kinross added 2.1 million gold ounces in estimated
measured and indicated resources and 300 koz in estimated inferred
resources at Fort Knox.
http://www.kinross.com/news-and-investors/news-releases/press-release-details/2017/Kinross-acquires-mining-rights-to-land-adjacent-Fort-Knox-mine-adds-more-than-2-million-ounces-to-mineral-resource-estimates/default.aspx
Kinross began an initial drilling program on Gilmore land, and Fort Knox land adjacent to Gilmore, in 2014. The Company targeted promising opportunities in the existing Fort Knox orebody, which continues west, and completed approximately 73,000 metres of core and reverse-circulation drilling in 205 holes.
The results of the drilling program, engineering work and the acquisition of the mineral rights resulted in the update of the Fort Knox mineral reserve and resource estimates, including additions to measured and indicated resource estimates and inferred resource estimates1.
The Company also converted approximately 260 koz of mineral resources, which was mainly from the East wall of the Fort Knox pit, to proven and probable reserves.
The conversion offset some of the reserve depletion in 2017 and resulted in an increase to Fort Knox's estimated mine life by approximately one year.
Kinross has commenced a Gilmore feasibility study that will analyze a layback of the current Fort Knox pit to access known mineralization on Fort Knox and Gilmore land to potentially extend mine life.
Further drilling and engineering are planned at Gilmore to evaluate the potential of upgrading a significant portion of the site's estimated measured and indicated resources and adding to its inferred mineral resource estimate.
The Company expects to provide an update on the feasibility study in mid-2018. The Company also expects to initiate the permitting process for mining at Gilmore by year end.
"Gilmore is a promising organic development opportunity that can potentially extend mine life at our Fort Knox mine in Alaska, one of our top producing and high performing operations," said J. Paul Rollinson, Kinross Gold President and CEO. "With the Gilmore project, we continue to deliver on our strategy of pursuing low-risk, high-potential brownfield projects that can contribute to the long-term future growth of our Company."
The Gilmore land was conveyed to the State of Alaska by the United States on December 11, 2017. Upon the conveyance, the Company's state mining claims at Gilmore came into effect.
The conveyance resulted from the close cooperation and support of the U.S. National Oceanic and Atmospheric Administration, the U.S. Department of the Interior, the State of Alaska and the Alaska Congressional Delegation.
http://www.kinross.com/news-and-investors/news-releases/press-release-details/2017/Kinross-acquires-mining-rights-to-land-adjacent-Fort-Knox-mine-adds-more-than-2-million-ounces-to-mineral-resource-estimates/default.aspx
Its sounds like the old haarp facility weather machines are
situated on the land claims but the old 666 haarp is not in active use -
newer more modern state of art facilities have been built and
activated around the world -
Trump closed it as promised -
https://www.alaskapublic.org/2017/02/21/haarp-schedules-first-experiments-since-uaf-takeover/
http://www.kinross.com
http://www.kinross.com/news-and-investors/default.aspx
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless
Recent KGC News
- White Gold Corp. Encounters Highest Gold Values to Date and Doubles Strike Length of the Newly Discovered Gold-In-Soil Anomaly to 2.2 km on the QV Property and Prepares for Maiden Diamond Drill Program • GlobeNewswire Inc. • 08/01/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 09:14:48 PM
- Kinross reports strong 2024 second-quarter results • GlobeNewswire Inc. • 07/31/2024 09:00:42 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 07/31/2024 09:00:34 PM
- Kinross to announce Q2 results on July 31, 2024 • GlobeNewswire Inc. • 06/27/2024 09:00:20 PM
- Kinross releases 2023 Sustainability Report • GlobeNewswire Inc. • 05/29/2024 09:00:04 PM
- Kinross announces Annual Shareholder Meeting voting results • GlobeNewswire Inc. • 05/09/2024 09:00:32 PM
- Kinross reports 2024 first-quarter results • GlobeNewswire Inc. • 05/07/2024 09:00:22 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 05/07/2024 09:00:00 PM
- AbraSilver Announces C$20 Million in Strategic Investments by Kinross Gold and Central Puerto and Formation of a Regional Partnership in Argentina • PR Newswire (Canada) • 04/22/2024 11:30:00 AM
- Kinross to announce Q1 results on May 7, 2024 • GlobeNewswire Inc. • 04/09/2024 09:00:08 PM
- White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 02/22/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 12:10:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 10:27:25 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 02/14/2024 10:07:03 PM
- Kinross reports 2023 fourth-quarter and full-year results • GlobeNewswire Inc. • 02/14/2024 10:06:48 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 06:48:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/18/2024 04:17:56 PM
- Kinross to announce 2023 Q4/full-year results and 2024 guidance on February 14, 2024 • GlobeNewswire Inc. • 01/15/2024 10:00:58 PM
- White Gold Corp. Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/14/2023 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 01:46:53 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 10:04:32 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 11/08/2023 10:00:31 PM
- Kinross reports strong 2023 third-quarter results • GlobeNewswire Inc. • 11/08/2023 10:00:26 PM
- White Gold Corp. Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/08/2023 12:00:00 PM
FEATURED Element79 Gold Corp Provides Update on Nevada Portfolio • Aug 23, 2024 8:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM