2017 Q3 MD&A: 1) Visible gold in drill samples from Union Reef itself; that's in addition to those from Cosmo's Lantern zone and the Maud Creek PEA (116% IRR, $42M capex, 52k ounces/year for 9.5 years). Let's be more specific: ALL of the holes drilled at Union Reef showed visible gold. In other words, KL is building a good-sized, low-cost, high-grade mine in the NT, centered around the 5000 tonne/day Union Reefs mill. Beyond the Latern zone drilling results, and Makuch saying "we are aggressively exploring the NT properties", none of this has been mentioned beyond the MD&A, to the best of my knowledge.
2) In Q3, KL had two drills exploring additional targets owned along Ontario's PDF. 12,347 meters were drilled at Nighthawk, Campbell, Garrison Creek, and Pack Can, and KL terms these as "high-value targets". Moreover, KL closed on 752 hectacres of additional claims along Ontario's PDF (Card, Runway, Manville, Lalonde & Garrison). Drilling started in 4Q. Again, these activities are in addition to those at Macassa & Taylor, which have received more publicity. |
