Mississauga, ON -- (SBWIRE) -- 06/24/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Kirkland Lake Gold Sees Production on Target in Fiscal 2015 and Rising Substantially Going Forward.”
Companies mentioned in this article include Kirkland Lake Gold Inc. (TSX:KGI).
Located in the Abitibi Greenstone belt, Canada’s Abitibi gold belt is a world-class gold mining region stretching from Wawa, Ontario to Val-d’Or, Quebec. The fact the Val-d’Or means valley of gold, although there actually isn’t a valley in the region, should give an inkling as to how prolific gold and other minerals are in the area and how important mining is to the economy. Also in the Abitibi gold belt is Kirkland Lake, an area that decades of stellar production and more proven reserves have earned it the nickname, “the mile of gold.”
In the Southern Abitibi gold belt, is the operations of Kirkland Lake Gold Inc. (TSX:KGI), an intermediate gold producer controlling about 13,000 acres of five congruous past producing gold mines that it acquired in 2001. The mines on Kirkland’s property historically produced 21 million ounces of gold grading 15.1 grams per ton, mostly from a quartz-vein setting known as the Main/’04 Break system. Kirkland has spent the last decade expanding gold production from this system and developing a new discovery area with a different geological setting, called the South Mine Complex, or SMC.
The full version of this article can be found at:
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