Ann: Continuous high-grade zones confirmed at Julimar, page-147

Kirkland Lake Gold’s Fosterville mine which is right next to Chalice’s Pyramid Hill 5,000sq km tenement - is running out of high grade gold according to the following statement published to the market on 14 Dec 2020 :-

“Production at Fosterville in 2021 will be lowered from the levels achieved in 2019 and 2020. We have a large orebody at Fosterville, but the high-grade components of the existing Mineral Reserve involve a short production life. When you consider that we have identified a number of large mineralized systems, all including intersections containing quartz with visible gold, we remain optimistic that additional high-grade zones can be identified. Our challenge is to maintain a sustainable and economic operation while we continue to drill to identify the next high-grade area for future mining. The result of our work is a production profile that includes 400,000 – 425,000 ounces in 2021, moving to a range of 325,000 – 400,000 ounces in 2022 and 2023. Longer term, we will work to sustain operations at that level of production for a number of years, subject to continued drilling success. Our budget for exploration at Fosterville in 2021 is $85 – $95 million, by far our largest commitment since we acquired the mine in November 2016.”

I wonder if that’s impetus enough for Kirkland Lake Gold to look at acquiring Chalice’s tenement? We will soon see …

Purely speculation and please do your own research. Not investment advice.