S2R 5.00% 10.5¢ s2 resources ltd

Fosterville gold deposit, page-70

  1. 473 Posts.
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    Great information, thanks Polonium.

    It's obvious from the report that Kirkland Lake wanted to retain EL3539 and saw its potential for further discoveries.

    "Subsequent to the effective date of this report, EL3539 (which encloses the current mining licence MIN5404) expired on February 26, 2019. The tenement was unable to be renewed under current state legislation and has been placed in moratorium (currently exempt from licence application). It is recommended to submit an exploration licence application once the moratorium has been lifted. The tenement area holds substantial exploration potential along multiple identified lines of mineralization. Fosterville has proven exploration, mining and processing capabilities and is in a good position to maximize the potential of any mineral resources identified in the exploration licence area. With exemplar status in areas of environment and community engagement, Fosterville is well positioned to retain exploration rights to this prospective ground."

    I wonder what they think of it being awarded to S2...
 
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