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

To: Valuepro who wrote (61393)	10/1/2008 1:02:15 PM
From: E. Charters	Read Replies (1) \| Respond to of 78426

Yes, Fort Knox does produce at about low grade and did so right through the gold price downturn. I believe the rate was 50K tons per day. Livengood has similarities to the FNG story. Fort Knox Gold is 0.822 grams/tonne. ***************************************** ITF has had land in the area since people started to yawn, and are talking up a similarity. The get good results but in the last few years no resource calc at all that I know of. Fort Knox et al. en.wikipedia.org Ft. Knox mine (operating) Today, most gold production in Alaska is from the Fort Knox mine, a open-pit mine 26 miles north of Fairbanks in the Fairbanks mining district. Gold occurs in a Cretaceous porphyritic granodiorite pluton as finely-distributed particles in and on the edges of small quartz veinlets and swarms. A NW structural fabric partially controls vein orientations. Sulfide content is low. Ore is low-grade, averaging only 0.024 ounces of gold per ton of ore. Creeks draining the pluton were among the many productive gold placers in the heart of the Fairbanks district, since the early 1900's; and bedrock occurrences of gold or bismuth/telluride minerals were found near the pluton by early miners. Bulk-tonnage potential of the pluton was not known until exploration in the 1980's. Mine construction began in 1995, gold production commenced in 1997 with 3.8 million ounces of gold resource estimated. In 2006 gold reserves equaled 2.7 million ounces with additional resources of 1.6 million ounces of gold. A heap-leaching component is being added to the original carbon-in-pulp vat leaching gold-recovery process. The mine and mill employ approximately 400 people on two shifts, 24 hours per day, 365 days per year. The Fort Knox mine produced 333 thousand troy ounces (10.3 tonnes) of gold in 2006. The True North mine is a recently developed, and now suspended, open pit operation that delivered its ore to the mill at Fort Knox. It is located 25 miles northeast of Fairbanks, on the northwest flank of Pedro Dome and approximately 11 miles from the Ft. Knox Mine. Both True North and Ft. Knox are owned by Fairbanks Gold Mining Incorporated, a subsidiary of Kinross Gold Corporation. EC<:-}