Source of Higher-Grade Ore to Feed Mill at Fort Knox
Inc. Prior to agreeing to acquire a stake in Manh Choh, Kinross met with the people of Tetlin and members of the village council, the underlying landowners of 675,000 acres of land that make up the project. As a result, Tetlin Village continues to indicate support for the project plan based on transparent, strong partnerships that focus on trust and mutual respect. “We look forward to the safe and responsible development of the project and the positive benefits it is expected to generate for our community,” said Chief Sam. “We also look forward to further building a relationship with Kinross, a company with a strong track record in Alaska.” Kinross anticipates the first ore from Manh Choh to Fort Knox in 2024, or about the time the last of the Gil- Sourdough ore is processed through the Kinross Alaska mill. The Fort Knox mine has a 27-year history of responsible mining in Alaska, including supporting local communities, strong environmental stewardship continued on Page 8
strategy. Kinross has already applied for permits for mining the satellite deposits, basically a quarry operation that will deliver ore to the already permitted milling operation. This means that the first Gil-Sourdough ore could be delivered to the Fort Knox mill by the end of next year. In addition to providing feedstock for the mill, this mining will add new jobs at Fort Knox. While the current crews at Fort Knox continue to mine the Gilmore expansion and stack ore on the newly constructed Barnes Creek Heap Leach Facility, contractors will carry out the mining at Gil-Sourdough. The current mine plan for Gil-Sourdough dovetails nicely with Manh Choh (formerly Peak Gold), another facet of the Kinross Alaska strategy. Located about 200 miles southeast of Fort Knox, Manh Choh hosts 9.2 million metric tons of measured and indicated resources averaging 4.08 grams per metric ton (1.21 million ounces) gold and 14.19 g/t (4.2 million oz) silver in two adjacent deposits on the project. With the idea of processing high-grade ore from Manh Choh in the mill at Fort Knox, Kinross paid $93.7 million to buy a 70% interest in this project from Contango ORE
On track to develop Alaska’s next gold mine in partnership with Kinross and the Alaska Tetlin Native Tribe
info@contangoore.com www.contangoore.com
FAIRBANKS, ALASKA 99709
OTCQB: CTGO
www.alaskaminers.org I The Alaska Miner I May 2021
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