On February 13, Kinross announced an initial mineral resource estimate for the Great Bear project in Red Lake, Ontario, that consisted of 2.737 Moz. of indicated resources and 2.290 Moz. of inferred resources.
Click here to view the news release.
In just one year since acquiring the project, a substantial amount of work has been undertaken, including drilling over 250 kilometres. The results to date continue to support Kinross’ view that the LP Fault zone is expected to host a long-life, high-grade, open-pit and underground mine. “The Great Bear initial mineral resource estimate marks an exciting milestone for the Company’s future development,” said J. Paul Rollinson, President and CEO. “In just one year since acquiring the property, we have validated our belief for this to potentially become a world class asset. The initial mineral resource estimate and continuity of high grades and widths at depth reinforces our vision for a high-quality open pit and sizeable underground mine. We believe the resource we have defined today is just the beginning. The drill results below our resource support our hypothesis that the deposit remains open at depth with high grade and visible gold intercepted down to depths of one kilometre. These results solidify our expectation that Great Bear will become a top quality, tier one asset in our portfolio, providing long-term upside for our shareholders.”
After the release, a technical session was hosted by Kinross leadership and Great Bear project team members. To view an archive of the session, click here, and view an archive of the presentation here.