The royalty is located on claims that are owned and operated by Kirkland Lake as part of its Macassa mine and is immediately south of the South Mine Complex mineralization which consists of 2.3Moz in 2P reserves. Mineralization from the South Mine Complex and the recently announced near-surface 86Koz of gold reserve estimate at Amalgamated Kirkland is immediately adjacent and along strike with the North AK royalty property. The North AK royalty further complements Metalla’s Kirkland Hudson royalty in the Macassa complex. Agnico Eagle has stated they plan to assess opportunites to incorporate the Amalgamated Kirkland zone into the mine plan.
Interest: 0.45% NSR Royalty
Location: Kirkland Lake, Canada
Project Status: Development
Counterparty: Agnico Eagle Gold Mines (NYSE: AEM) (TSX: AEM)