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KINROSS Gold - A high-grade, world-class deposit with a large, long-life mining complex potential

Aug 23, 2022

Frank Giorno
In February 2022, Kinross acquired Great Bear Resources Ltd. and its flagship gold exploration project located in the renowned and prolific Red Lake mining district in northwestern Ontario, Canada. The Kinross Great Bear project boasts several gold discoveries on property, the largest and most significant of which is the LP Fault zone, first discovered in 2019. The Great Bear project has excellent potential to become a top-tier deposit that could support a large, long-life mine complex and bolster the company’s long-term production outlook.

Kinross reports it is on schedule to declare its initial mineral resource for its Great Bear project as part of its 2022 year-end results. According to Kinross, the initial mineral estimate for the Great Bear project will be predominantly in the inferred resource category, with some indicated resources.


High-Grade Mineralization at Depth

Drilling results reported in July continue to support the view of a high-grade deposit that underpins a large, long-life mining complex. Results have also confirmed gold mineralization with good widths and high grades, including high-grade mineralization at depths of more than 500 metres, supporting the view that the LP Fault zone, can support a sizeable, long-life, open-pit mine. Kinross is analyzing an advanced exploration program that would establish an underground decline to allow for more efficient exploration of deeper areas. The company is targeting a potential start of the advanced program as early as 2024.

Kinross reports it is on track to complete approximately 200,000 metres of exploration and infill drilling in 2022 on the LP Fault zone. The 35,000-metre grade control drilling program, completed in the second quarter of this year, confirmed the company’s view of the high-grade core in the LP Fault zone. Kinross states that the program has improved the understanding of the continuity and distribution of the high grade intercepts in the LP Fault zone.


Partnership with First Nations

Kinross is proud to be working in the traditional territory of the collective members of the Anishinaabe Nation in Treaty #3. The Great Bear project is located on the traditional territories of the Wabauskang and Lac Seul First Nations and Kinross is aimed at making a positive and lasting impact to benefit partners and all local communities through job creation, local investment and strong environmental stewardship. Kinross is focused on working with its First Nations partners in a number of areas, including comprehensive baseline studies, site planning and future procurement, training and other opportunities that generate long-term socio-economic benefits for the region.
Baseline environmental surveys and local community socio-economic studies required for the permitting process are progressing well. Kinross is on schedule to commence a Great Bear pre-feasibility study in 2023.

Kinross is a proud sponsor of the CEN CAN Expo September 14/15 and will be hosting a company information booth and speaker presentation at the event. The presentation will be held on September 15th, when Jeremy Brans, VP and General Manager of Kinross Ontario will speak to an audience at the Projects in the Pipeline conference, taking place at the Cineplex SilverCity Theatre on the trade show grounds. Jeremy will be the first speaker at the conference and will provide an overview of the Great Bear Project and timelines to potential production.
To access an interactive 3D model and location map of the Kinross Great Bear project, visit the VRIFY company link at: https://vrify.com decks/11758?auth=af709cc9-5f96-4165-8a1d-0b29e33ef12a

Visit the CEN CAN Expo on September 15th and join Jeremy Brans, Vice-President and General Manager of Kinross Gold Ontario, during the Projects in the Pipeline Conference as he will be speaking on an overview of the exciting milestones and schedule envisioned ahead for the recently-acquired Great Bear gold project near Red Lake, in northwestern Ontario. Seats are limited. To reserve your seat visit www.cencanexpo.ca to register.





Tags: Northern Ontario / Investment / Gold / All Articles