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Kinross Acquires Mining Rights to Land Adjacent Fort Knox mine, Adds More than 2 million Ounces to Mineral Resource Estimates
Dec. 13, 2017 08:49AM PST
Precious MetalsKinross Gold Corporation (TSX: K) (NYSE: KGC) is pleased to announce that it has gained mineral rights to a 287-hectare (709-acre) parcel of land known as Gilmore located immediately west of its Fort Knox mine in Alaska. As a result, Kinross added 2.1 million gold ounces in estimated measured and indicated resources and 300 koz in estimated …
Kinross Gold Corporation (TSX: K) (NYSE: KGC) is pleased to announce that it has gained mineral rights to a 287-hectare (709-acre) parcel of land known as Gilmore located immediately west of its Fort Knox mine in Alaska. As a result, Kinross added 2.1 million gold ounces in estimated measured and indicated resources and 300 koz in estimated inferred resources at Fort Knox.
As quoted in the press release:
“Gilmore is a promising organic development opportunity that can potentially extend mine life at our Fort Knox mine in Alaska, one of our top producing and high performing operations,” said J. Paul Rollinson, Kinross Gold President and CEO. “With the Gilmore project, we continue to deliver on our strategy of pursuing low-risk, high-potential brownfield projects that can contribute to the long-term future growth of our Company.”