Look at this press release from another mining stock
"FOR: KIRKLAND LAKE GOLD INC.
TSX, AIM SYMBOL: KGI
June 23, 2009
Kirkland Lake Gold Inc.: Drill Hole 53-1279 Returns 23.75 Ounces of Gold Per Ton Over 14.0 Feet; Other
Exploration Results
KIRKLAND LAKE, ONTARIO--(Marketwire - June 23, 2009) - Kirkland Lake Gold Inc. (the Company) (TSX:KGI)(AIM:KGI)
is pleased to announce an update on exploration drilling testing part of the South Mine Complex (SMC). The SMC
consists of 15 or more mineralized zones, some of which are actively being explored and developed while others
are now in production.
Recent drilling from one of many exploration programs currently in progress, designed to test inferred resource
areas and expand the New South Zone between the -5600 and -5300 foot levels, has returned high grade gold
mineralization."
Seems strange that we are getting between one and three ounces when they are returning 23+ per
The figures don't make sense. They are producing around 8,000 ounces a month which means that they only process less then 800 tons a month.
The price of the stock is up there as well.
How do we stack against them? Anyone?
