Exploration Roundup - June 2017

Kirkland Lake Intersects More High-grade Gold at Fosterville

Kirkland Lake Gold has reported additional high-grade drill results from ongoing underground drilling at its Fosterville gold mine in Victoria state, Australia. Results from 59 underground holes totaling 14,070 meters (m) into extensions of the Lower Phoenix gold system have returned some of the highest gold grades seen at the mine. The results continue to demonstrate the continuity of exceptional high-grade mineralization, with visible gold on both the newly discovered, west-dipping Lower Phoenix Footwall and the Eagle structures in the Lower Phoenix gold system.

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Exploration Roundup - May 2017

Cartier Resources Drilling 50,000-m Across Four Gold Projects in Quebec

Cartier Resources has announced plans for 50,000-m in exploration drilling to be conducted at its Chimo Mine, Benoist, Wilson, and Fenton gold projects in Quebec. The drilling is intended to explore the depth and lateral extensions of known high-grade gold mineralization and expand the dimensions of known deposits on the four properties.
At the formerly producing Chimo mine, two rigs will complete 25,000 m of drilling. One rig will focus on depth and lateral extensions of known mineralization and expand the dimensions of gold zones that have been previously outlined. A second rig will focus exclusively on drilling the depth extension along plunge of the main Chimo gold zone, where the bulk of the ounces were mined. Cartier plans to begin the Chimo drilling in June and to complete it by December.

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Exploration Roundup - April 2017

Newmont Secures Earn-in Rights to Goldstrike’s Plateau Property

Newmont Mining and Goldstrike Resources have announced an agreement that provides Newmont with rights to explore and develop Goldstrike’s highly prospective Plateau gold properties in east-central Yukon Territory, Canada. The agreement calls for Newmont to make phased investments that could total as much as $39.5 million to purchase interests in Goldstrike, for exploration spending, and to complete a feasibility study by December 15, 2027. If the agreement is carried through to its conclusion, Newmont may earn 80% equity in the Plateau property.

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Exploration Roundup - March 2017

New Drilling Extends Strike Length at Ivanhoe’s Kakula Copper Discovery

The latest drill results from Ivanhoe Mines’ Kakula copper discovery in the Democratic Republic of Congo (DRC) confirm the exceptional continuity of the deposit’s high-grade copper mineralization and its relatively flat-lying geometry. Highlights include a step-out hole drilled 1.6 kilometers (km) northwest of the current boundary of Kakula’s inferred resources that intersected 11.10 meters (m) true width of 5.82% copper at a 3% copper cut-off, beginning at a downhole depth of 993 m. The mineralization is similar to the mineralization found at the established center of the deposit.

High-grade copper mineralization at Kakula has now been outlined along a corridor about 1 km wide and at least 5.5 km long. The discovery remains open along a northwesternly to southeasterly strike.

Ivanhoe is mobilizing additional contract drill rigs to the Kakula discovery, and as of late January had nine rigs drilling on the site. Ongoing work includes infilling a 2.6-km2 area immediately northwest of the current inferred resource boundary; infill drilling of inferred resources in the central section of the deposit; and step-out drilling to the southeast to explore for additional extensions of the Kakula high-grade zone along the trend.

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