KLA 1.29% $50.98 kirkland lake gold ltd

I love this picture (below) of the Entrance to the Fosterville...

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    I love this picture (below) of the Entrance to the Fosterville Mine.​


    The trucks drive down the road into a huge pit.​

    The roads descends and winds a bit maybe 800m 'til it comes cave like "entrance"​

    which is the "black hole" - bottom left.​


    The trucks would then have maybe a 10 km journey or more winding downwards underground.​

    The Swan Zone is about 1,000m down so 10km is about right.​

    The trucks first drive through the Old Oxide Gold Mine "Pit" that Perseverance created.​

    The Pit (Perseverance Mine) produced less than 200,000 oz of Gold.​


    Way Below the Pit is where the Sulphide Gold is located - the Bonanza Gold.​

    They have already mined something like 5m oz of this Gold, have Reserves of about 2.5m Oz​

    and probably have much more than that as yet 'undrilled" and waiting to be found.​


    So that little black hole which is the entrance leads to a Mine that will probably have​

    (including had) something like 20M oz of Gold, maybe 30M, maybe more.​

    They have only gone down to about 1200m or maybe a bit more with drilling.​

    The Gold Zone is believed to go down to beyond 5km - so anybody's guess above 20m Oz.​


    So I reckon that is a fascinating 'little black hole" bottom left in the Pic.​

    (PS: Figures aren't exact but the concept is straight forward)


 
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