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Kinross Gold provides update on Great Bear project and U.S. projects
(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, June 28, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K;
About this update from Kinross Gold Corporation
[{"type":"text","content":" (All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, June 28, 2022 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” or the “Company”) is pleased to provide an update on its Red Lake, Ontario-based Great Bear project, as well as its Manh Choh project in Alaska and Curlew exploration project in Washington State. Kinross’ management team will host a presentation and question and answer session today at 9 a.m. EDT to discuss the projects via an audio webcast. To access the webcast: Click Here The audio webcast will also be archived at kinross.com/events. To view the event presentation and for more information regarding the updates below: Click Here To view an interactive 3D model of the Great Bear project: Click Here Great Bear project At Great Bear, Kinross is making excellent progress and is on schedule to declare an initial mineral resource as part of its 2022 year-end results. The Company expects the initial mineral estimate to be predominantly in the inferred resource category, with some indicated resources. To date, Kinross has drilled approximately 83,000 metres and is on track to complete approximately 200,000 metres of exploration and infill drilling in 2022 on the LP Fault zone, the most significant discovery to date at the project. The Company has received additional assay results since its last update on May 10, 2022, with a selection of the new results from targets at the LP Fault zone highlighted in the table below. Kinross has increased the number of diamond drills at Great Bear from eight to 11 since its last update. The latest results continue to support Kinross’ view of a high-grade, world-class deposit that underpins the prospect of a large, long-life mining complex. The results are consistent with findings from earlier in the year, which confirm gold mineralization with good widths and high grades and support the view that the LP Fault zone can host a long-life, open-pit mine. Recent results showing high grade mineralization at depths of more than 500 metres also demonstrate the potential for a sizeable underground mine. In support of this, Kinross is analyzing an advanced exploration program that would establish an underground decline. The advanced program would allow for underground drilling for more efficient exploration of deepe...