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Sunday, December 30, 2012 3:56:54 PM
TheWallStBull Friday, October 29, 2010 10:09:03 PM
Important Info: Ive seen talk about a possible Future Kinross Connection here.. or partnership/buyout/merger Just thought I'd add some info to the pot
Here is a little info from the Kinross website:
The total budgeted expensed exploration is forecasted to be approximately $79 million for 2010, with approximately 30% to be invested in Russia,25% in the Andean Region of South America, 21% in North America, 10% in Ecuador, 10% in Brazil and 3% in Mexico. An additional $17 million will be spent for technical and environmental services.
30% of the Kinross budget, almost 1/3 total budget is going towards exploration in Russia ( where SAEI holds their mines in the Ukraine)
whats also Interesting is this:
Kinross is also focused on establishing exploration and mutually-beneficial partnerships with promising junior exploration companies
Actually, SAEIE has very high-grade Gold in their 1st drilling:
Below is the last samples from the drill holes.... 9 out of 50 sample holes which is about 20% contained a HIGH Yield of GOLD...this IMO is something that would interest a company like Kinross..anyone that knows about gold understands that these kind of numbers is HUGE in showing the magnitude of gold in the area
Drill Hole #1586 that returned grading of 32.64 grams per ton gold
· Drill Hole #1588 was sample graded at 26.30 grams per ton gold
· Drill Hole #1658 @ 14.40 g/t gold
· Drill Hole #1674 @12.29 g/t gold
· Drill Hole #1795 @ 11.88g/t gold
· Drill Hole #1767 @ 15.66 g/t gold
· Drill Hole #1802 @ 22.36 g/t gold
· Drill Hole #1823 @ 28.44 g/t gold
· Drill Hole #1902 @ 24.10 g/t gold.
You can't make this stuff up - wake up SRGE investors.
IG
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