Ali.
The gold gurus at KXL are doing the math on weather the Golden Mile is a good prospect for gold recovery..
Now ,if you read between the lines ,they wouldn't be testing it if they didn't believe that there was enough gold there to make it worth while mining it..so they have tested some bulk samples by milling them and then recovering the gold from the samples..
They have found that the process that they have selected and the ore that they have in the GM is millible and the recovery process is feasable to recover 99% of the gold in the ore milled.
These samples came from the top portion of the GM so they are talking "Open pit mining"..highly profitable at 99% recovery..wot!!
This is a para of importance..
Based on these very positive metallurgical test results, it is apparent that Golden Mile mineralization will be amenable to low-cost conventional milling techniques. As the company moves forward with the economic evaluation of the Hercules project, these results help answer vital questions about gold distribution in the system. Kodiak will use this information to determine locations and methodologies for potential surface and underground bulk sampling, an important step in evaluating ultimate minability.
Market conditions being what they are and the inability of the great unwashed and the day trader to understand the news release ...will sell off on this nr ..but I ..Portee The Patient..will be holding my KXL like poo sticks to a shoe..
And my buy order is in for more..
Gonna be a great PDAC this week..
Portee