Change in strategy..??
posted on
Dec 17, 2008 03:54AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
With the availability of more experienced mining labour at much better costs I wonder what management thinks of mining our claims our selves..I know that we are explorers but we have a ton of experience and mining engineers on staff already and a whole heard of available labour and equipment in the area...
We already know that they are testing the Golden Mile for the purpose of determining the ease of which the material can be milled,so I suggest this is a second step in mining it...the first step is finding it and we have it no doubt..
I see that Kirkland Lake Gold just announced that they will be mining their claims which they had not planned on ,so things change..
Here is their news release(Part) from this morning which gives some insight to what we may be planning on in this depressed environment..after all the PRODUCING gold mines were where to be during the dirty thirty s..
KIRKLAND LAKE, ONTARIO--(Marketwire - Dec. 17, 2008) - Kirkland Lake Gold Inc. ("Kirkland Lake" or the "Company") (TSX:KGI)(AIM:KGI) announces today that, after a review of the proposed development plan, the Company has decided to carry out the development of the South Mine Complex Project (SMC or the "Project") at its mine in Kirkland Lake, Ontario, with its own Company employed workforce rather than using external resources as previously announced on 29th October 2008.
Brian Hinchcliffe, CEO, explained, "Increasing production levels, particularly from the high grade SMC remains a priority for us. When we first committed to this Project, skilled underground labour was in high demand, and we planned to utilise outside mining contractors to provide a workforce in that environment. Today, skilled underground labour has become much more available, and a lower cost development program can be carried out by expanding our own workforce. This project will be led by our own core group of staff and workers who already have a strong base of knowledge and experience with the Mine and the Project."
So we start another trading day with gold leading the way..KXL will sooner or later have to participate in the gold rush..
I can wait..
Portee