Kidl: Sorry to hear that. I thought the NR was terrific. This is about a district and not plumbing the same gold pocket to satisfy 'bonanza grades' and the drill hole fixation.
I thought what was significant were the new discoveries, multiple veins with great grades and overall, once again, gold in each hole!
90 holes is not a lot and these were spaced out over multiple targets and not concentration drilling on one vein.
I thought the Robert Hawkins, P.Geo, comparison to the Cadillac Break at Val d'Or was appropriate.
Val D'Or produced 50 million ounces as a district. KXL is no longer an isolated mine play, but a district play with multiple gold showings, good mineable grades on multiple veins and many new targets.
As I once wrote before, the original Hollinger mine (a low grade producer) produced in its lifetime 19 million ounces - just one mine but eventually digging over 400 miles of underground tunnels to depths of over a mile.
Yet Timmins, as a district, produced 44 mines.
KXL is proving a district, not a solitary mine, and controls 1400 sq kilometers. This is a little different than proving a resource for one mine in management and drill decisions!
8 drills on the property now and over 100 personnel and 28+ geologists.
This is a huge project and they are spreading the exploration over a multiple of showings, and not concentration drilling on one condensed section, even the Golden Mile, at this stage.
The Bruce Channel at Goldcorp's Red Lake was only discovered recently, when the Red Lake Mine had been producing for years.
We seem to be in an instant gratification era where if the drills don't hit bonanza grades in every hole, this is somehow bad.
To do so is totally unrealistic. At Virgina, they had all sorts of marginal showings, and even empty drill cores, yet still became a great mine, whereas KXL has hit gold still, in every hole.
Murray Pezim drilled 40 holes with no gold at all in the core samples before hitting gold at Hemlo, one of the greatest discoveries in Canada ever.
This NR was about the district and the confluence of systems, new veins uncovered, new targets, and much more potential than ever before as a district, with many more results and work to come.
Grades overall were good. The 3 D model of the block in the central Golden Mile section is huge, not thin, as the distortion of the model may appear at first glance. Check out the lengths and widths of the block in the description, and not the appearance of the picture. It is much, much wider than it appears.
This was a wonderful NR in my view, and certainly shows how much progress and work has been done, while expanding the known gold mineralization by 600%, and uncovering new veins, confluences, and multiple targets, over a vast area, while producing solid drill results and gold assays.
And KXL is only half way through their drilling for the summer.
Anyway, to each his own.
Best luck on your new choices.
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