BLACK RIVER-MATHESON – While a significant amount of mining activity continues in the Matheson area, the Holloway Mine will no longer be part of it, at least for now. Owner Kirkland Lake Gold has announced the 10-year-old mine is transitioning to care and maintenance, which means operations will cease, but the site will be maintained for possible future re-opening.
The company, in a release, says the majority of the employees at Holloway Mine will be reassigned to nearby Kirkland Lake operations. By doing this, the company says it will effectively be replacing external contractors. As well, Kirkland Lake Gold will continue to conduct surface exploration drilling programs in 2017, which will progressively step further west of the Holloway shaft, an area that is historically under explored.
Further to the west of the Holloway Mine Kirkland Lake Gold is drilling the Lightval and drilling is planned for the Harker West target, as the company explores for another Lightning Zone style mineralization area. Kirkland Lake Gold says it plans on maintaining the Holloway Mine in a production ready state with the intent of restarting the operation in the future if viable.
Kirkland Lake Gold, which recently merged with Australia-based Newmarket Gold, also announced Monday its Stalwell gold operation in Victoria, Australia, will also cease operations, leaving some 150 people out of work there.
The announcements were made as Kirkland Lake Gold unveiled its projected production and cost figures for 2017.
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