This little Aussie Gold producer has had a tough couple of months, but it continues to show strong signs of its revival...
In June, KBL Mining (ASX: KBL) had been held back from delivering its previously strong gold and silver production rates by one of the worst natural disasters of the region, destroying roads and surrounding infrastructure.
KBL has now repaired its haul road, and is now back on track producing gold and silver.
In an effort to expand its ore reserves, KBL has just announced in the coming weeks it will commence shallow exploration drilling into the highly prospective Pearse Corridor.
Is this the beginning of an epic comeback from KBL?
WOULD YOU LIKE TO KNOW MORE?
KBL already has a gold producing deposit known simply as the Pearse deposit, but it is Pearse Corridor that may take KBL to new heights with its higher percentage of oxide ore.
Big things are expected of in this underexplored section of the Pearse North deposit, which already has a combined proven and probable ore reserve of 179,000 tonnes at 2.5 grams per tonne gold, and 21 grams per tonne silver.
And when you factor in the price of gold in Aussie dollars, in Mineral Hill KBL may have a project that could become highly lucrative over the long-term.
The information in this email should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
With the remedial work on the road now complete, it is once again all systems go for KBL as they hope to restore and improve on previous production numbers, while attempting to prove up Pearse North as the company’s next source of gold...
KBL Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
