Business
Four Nines Gold to Acquire 100% of Past Producing Gold Mine from Kinross
(TheNewswire) VANCOUVER, BRITISH COLUMBIA – TheNewswire - April 19, 2023 ...
About this update from Four Nines Gold, Inc. Class A
[{"type":"text","content":"Four Nines Gold to Acquire 100% of Past Producing Gold Mine from Kinross\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BRITISH COLUMBIA –\n \n \n TheNewswire -\n \n \n April 19, 2023\n \n \n – Four Nines Gold Inc.\n \n \n (CSE:FNAU\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:FNAUF)\n \n \n (\n \n \n “\n \n \n Four\nNines\n \n \n ”\n \n \n or the\n \n \n “\n \n \n Company\n \n \n ”\n \n \n ) is pleased\nto announce\n \n \n it has entered into an Exploration\nAgreement and Option with\n \n \n a Kinross Gold U.S.A.\nInc., subsidiary, Kinam Gold Inc. (“\n \n \n Kinam\n \n \n ”) to explore\nand evaluate certain fee lands and unpatented mining claims in Lassen\nCounty, California known as the Hayden Hill Property (the\n“\n \n \n Property\n \n \n ”), including the past-producing Hayden Hill gold mine.\n Under this agreement, the Company has the option to purchase all of\nthe shares of Lassen Gold Mining Inc. (“\n \n \n Lassen\n \n \n ”), a Nevada\ncorporation and wholly owned subsidiary of Kinam that holds all right,\ntitle and a 100% undivided interest in the Property.  Kinam acquired\nthe Property in 1998 from AMAX Gold Inc., (“\n \n \n AMAX\n \n \n ”).\n \n \n \n \n The Hayden Hill open pit mine, carbon-in-pulp mill, and\nheap leach plant were in operation by AMAX from 1992 – 1997.  Heap\nleach processing continued through 2000 by Kinam.  Total processed\nmaterial was approximately 31 million tons at a head grade of 0.024\ntroy ounces of gold per ton, with 483,000 troy ounces of gold and 1.4\nmillion troy ounces of silver recovered. There has been no systematic\nproperty exploration since the mine closure in 1997.\n \n \n \n \n Charles Ross, CEO, President, and Director of Four\nNines, said, “Our world-class geological team has done significant\ndue diligence and is very excited to enter into this agreement and\nbegin the exploration of the Hayden Hill mine. We are targeting a\nmultimillion-ounce high-grade gold deposit.  Our exploration team\nbelieves the Hayden Hill project has potential for significant upside\nfor all shareholders.”\n \n \n \n \n In a 1989 Feasibility Study, AMAX calculated “proven\nand probable” resources of 57,775,00 tons at a ...