KIRKLAND LAKE GOLD INC. (“KGI”) shareholders approve the purchase of nearby St. Andrew Goldfields Ltd. (“SAS”) by way of Plan of Arrangement. This is a very good deal for both companies and allows the St. Andrew shareholders be part of the stronger Kirk Lake Gold. The combined structure will be a formidable intermediate producer. Our hats go off to them both.
The producing Kirkland Lake and Timmins camp gold assets owned by these two companies are sustainable and not only located in Canada, but in two of the highest produced and most stable mining camps in Canada. This is a region of large high grade gold deposits. Many of the world’s producers pale in comparison to the impressive multi-ounce intersections that these camps are capable of. Kirk Lake Gold’s Macassa mine is referred to as Canada’s highest grade gold mine. In November, 2015, Kirkland Lake Gold announced a new drill intersection of 10 metres grading a whopping 386.7 grams per ton.
We are very familiar with both of these companies, the “Golden Mile” in Kirkland Lake where the Macassa is situated amongst numerous other headframes, and the Stock township area where St. Andrew’s recently opened Stock Mine is situated. We have staked, optioned and operated numerous exploration and development programs for gold in the shadows of all of these producing operations. They are not to be overlooked, especially the new entity after the two companies combine. We will now await the completion of the Plan of Arrangement and see how the affairs settle out.
In the meantime the new company will continue to operate these valuable orebodies, with honourable people and continue to foster highly promotable and marketable results for their shareholders. Give your stockbroker a call and discuss the situation and this opportunity with them.