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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (2208)	11/23/2005 10:18:16 AM
From: E. Charters	Read Replies (1) \| Respond to of 78407

KGI never had that many problems. They had the usual start up problems in mining in that there was some dilution inherent in their mining method and for a while they were not pulling grade. I understant they have much of that licked now and grade is on line. The scale of their mining efforts is not at the level where they would be making scads of cash. One of the issues which plagues most companies right now in Canada is availability of miners. They snap up everyone they can but they still cannot get enough. Right now I am looking at KGI as as a growth-exploration story. They keep coming up with fabulous results on new structures, so exploration-wise it is the best show in Canada. Nobody except Goldcorp could boast those kind of grades in new drilling. (They pulled a few good holes in Val D'Or, but they pulled hundreds at KGI.) KGI will drill off the largest underground mine in the Western Hemisphere and at much shallower depths than Goldcorp did. If it goes to 20 million ounces, as some expect, it will be equal to the Hollinger, but higher grade and the largest mine in the Kl camp. That ain't shabby. Behind the Homestake the Hollinger was the second biggest mine in North America and in the top ten in the world in contained ounces. Hollinger was also probably the highest-grade large mine in the world. Only the fabulous Gold strike in Nevada beat it, but it was in a class by itself. Gold Strike ran at first at 700 Oz gold per ton and quit in 1890 at 50 oz's per ton in difficult conditions. EC<:-}

To: loantech who wrote (2208)	11/23/2005 10:58:41 AM
From: tyc:>	Read Replies (1) \| Respond to of 78407

HI Tom, I mention Northern Star Mining again because its deep drilling program is about to start apparently. The company has the old Malartic Goldfields mine on the Cadillac Break near Val d'Or ? It has a market cap of only C$22M It has purchased and installed the head frame and hoisting equipment from the old Louvicourt mine, and still has C$11M in cash (incredible in view of market cap ?). It is dewatering the mine intending to ("bulk sample") extract the gold drilled in the past three years of surface work. It will then continue with underground exploration. Simultaneously, they are going to drill three deep holes from the surface to explore the ore at depth beneath the old mine working. I read on stockhouse that the deep drilling will commence as soon as the ground is frozen. Here's a link to a web page that describes its project; The extract describes the target of the deep drilling. nsmgold.net ".... drill and drift data from the 2,700 foot level clearly demonstrate the continuation of those zones. Drill data at the 2,700 foot level, shows a gabbro zone intercept of 0.21 ounces over a true width of 52 feet. Other holes below the 2,700 shows assay data exceeding 1 ounce per ton for an average of 0.30 ounces over some 30 feet, typical type ore at the Malartic Goldfields. These areas underneath the old mine (below 2,700 feet) demonstrate clear potential for further ore production"