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0 0.00220825547817217 -0.000509597418039768 -0.00170885000849329 0.00133174791914379 -0.0259894683200272 -0.0281977237981995 -0.0202480040767793
Stock impact report

Felix Gold exercises option for Treasure Creek Project in Alaska [Yahoo! Finance]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
that form part of the Treasure Creek Project in Fairbanks Mining District, Alaska, US. The company exercised its option to acquire these assets from Goldstone Resources and Oro Grande Mining Claims. The purchase price, after deducting prior option payments totalling $850,000, requires a remaining payment of $1,400,000 to be settled within 30 days. Situated approximately 30km from Fairbanks, the Treasure Creek Project hosts an emerging antimony deposit and a Joint Ore Reserves Committee (JORC) inferred gold resource of 467,000 ounces. Felix Gold's recent confirmation highlighted that bulk sample ore from Treasure Creek exceeds the US Military Concentrate Specification for direct shipping ore. The company has demonstrated ore-to-metal processing pathways through independent programmes involving direct smelting and hydrometallurgical methods. A site selection and toll treatment assessment, conducted by Worley, is under review by Felix. This transaction strengthens Felix Gol Show less Read more
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