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Showing posts with the label gold drilling

High-Grade Intersections in Saddle Zone

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Drilling at the Detour Lake   Kirkland Lake Gold announced results from 25 holes (19,523 m) and one wedge hole (1,110 m) of drilling at the Detour Lake property. The new holes being reported are the third batch of results from the recently announced 250,000 m exploration program, which the Company is targeting for completion by the end of 2021. The program is being completed to collect information for an updated, and potentially expanded, Mineral Reserve as well as to support the completion of a new production plan.   Most of the new holes announced today are from drilling in the Saddle Zone, located between the Main Pit and West Pit locations, which has been underexplored and has no Mineral Reserves and only limited Mineral Resources. Several new holes are also being announced from the area west of the West Pit, which also contains only limited past drilling. Tony Makuch, President  and CEO of Kirkland Lake Gold, commented: “Today’s results provide further evidence that a much lar

Outlook for 2021 by GoGold

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GoGold Resources provides an outlook of Milestones and deliverables for 2021   As we look forward to 2021, we feel the Company is on the verge of unlocking the significant potential of Los Ricos to create value for the shareholders, Brad Langille, President and CEO stated, the key milestones for the Company in 2021 will include!   A Preliminary Economic Assessment at Los Ricos South in January is an aggressive 100,000 metre drill program at Los Ricos North focussed on discovery and an initial mineral resource at Los Ricos North in the summer of 2021. Parral continues to generate strong cash flow sufficient to fund the overhead and exploration allowing the Company to be a self-funding junior with one of the largest exploration drill programs in Mexico. With our strong balance sheet which exceeds US$55 million in cash, we are well funded to unlock the true value of Los Ricos. The Company initially acquired the Los Ricos projects in March of 2019 and began the Los Ricos South drilli