Kinross Gold reports initial mineral resources of 5 Moz for Great Bear project KinrossGold
- Kinross Gold , one of the largest gold producers globally, today announced an initial mineral resource estimate for its 100% owned Great Bear project located in Ontario, Canada.
Kinross added that the majority of the resource is contained in a high-grade core. The company noted it plans to target this higher-grade mineralization in the early years of potential production. "The Great Bear initial mineral resource estimate marks an exciting milestone for the company's future development," commented 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.
The company noted it is also progressing studies and permitting for an advanced exploration program that would establish an underground decline to obtain a bulk sample and allow for more efficient exploration of deeper areas of the LP Fault, along with the nearby Hinge and Limb gold zones. Kinross is targeting a potential start of the advanced program as early as 2024.
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