Louis James's comments on today's KL news:
Excellent news, threefold, from Kirkland Lake.
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[One]
The company continues to find high-grade mineralization within that 1.8 kilometer target area east of the Shaft deposit.
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Not all of the holes hit wide intervals of mineralization, as you can see in our chart.
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Quite a few of them returned intercepts well above average grade (5.4 g/t) for the Taylor mine, however, with some bonanza hits here and there.
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Best drill results included 38 g/t over 3 meters, and 59.0 g/t over 0.6 meters.
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Perhaps more important is that all holes hit mineralization, with many intercepts relatively near to surface.
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If you look at the 3D images provided, you can see how these line up with and step outside of existing deposits.
media3.marketwire.com
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We don’t have enough dots to connect and outline new, higher-grade zones, but these results certainly show the company heading in that direction at the Taylor mine.
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[Two]
As for Kirkland’s announcement of listing its shares on NYSE, it’s a good move.
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And not just for the US shareholders among us, but for all shareholders, as the company gains access to a market 10 times larger than Canada’s.
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As a profitable producer, Kirkland should attract a lot of attention from individual US investors and US institutions as well.
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[Three]
We also note that Eric Sprott has upped its holding in the company to 10.3%.
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We view this is a vote of confidence in Kirkland from an informed high-profile insider.
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This is also good news for existing shareholders as these shares are much less likely to hit the market until KL goes much higher.
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All good, . . . .
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End Quote.
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