KLA 1.29% $50.98 kirkland lake gold ltd

How much Gold at Fosterville?

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    "Fosterville: Mineral Reserves increase to 1.7 million ounces at 23.1 g/t. Swan Zone Mineral Reserve doubles to over a million ounces at 61.2 g/t "

    "Mineral Reserves at Fosterville increase 1,210,000 ounces or 247% from December 31, 2016 to 1,700,000 ounces @ 23.1 g/t (65% increase in Mineral Reserve ounces from June 30, 2017 mid-year estimate); Measured and Indicated (“M&I”) Mineral Resources increase 59% from December 31, 2016 to 4,190,000 ounces @ 8.4 g/t (inclusive of Mineral Reserves); Inferred Mineral Resources more than double to 1,900,000 ounces @ 7.1 g/t. "

    The Mineral Reserve for Fosterville doubled between June and December of 2017
    Fosterville now has​

    Mineral Resources of 4,190,000 ounces.
    They have probably mined about 2 million oz at Fosterville to date going back to 2006.
    The gold at Fosterville is known to go down to 5.7km

    They are down to about 1km to 1.2km and have Mined about 2M oz.
    The Reserve is 4.2 m that's = 6.2m oz in the first 1km to 1.2km of depth
    (2m plus 4.2m)

    They are only down about 20% of the way (to the 5.7km)
    They have already found/mined 6.2m oz.
    If it continues at this rate 100% would be 5 times as much Gold
    So 5 x 6.2m oz is 31m oz at Fosterville
    Grades have been increasing with depth at Fosterville.

    But I have assumed in these estimates that grades remain the same.

    Last edited by JetBlue: 01/03/18
 
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