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Kirkland Lake Gold Ltd.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Fosterville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-12-2019: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Fosterville deposit at the Fosterville project. Drilling results incl. 11.1m @ 11.3g/t Au from 475.00m. Toronto, Ontario – December 10, 2019 - Kirkland Lake Gold L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Toronto, Ontario – December 10, 2019 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade results from the ongoing surface drilling at the Fosterville Mine in Victoria, Australia. Recent surface drilling targeting additional growth in Mineral Resources confirmed mineralization down-plunge of the existing Mineral Resource at Robbin’s Hill. In addition, surface infill drilling into current Mineral Resources continues to return high-grade results, with two intercepts containing VG, providing confirmation of the geological model. Drill results reported are from 66 holes (36,428 m) that targeted extension and infill of the Robbin’s Hill Mineral Resources. Drill results reported are post the December 2018 Mineral Resource and Mineral Reserve update (See Press Release dated February 21, 2019). Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “For a long time, we’ve been saying that there could be more Fostervilles at Fosterville and, with today’s results, Robbin’s Hill has clearly emerged as a second potential mining front to provide feed to our Fosterville Mill. Based on current drilling, we have already identified a large mineralized system at Robbin’s Hill that we expect will support substantially higher levels of Mineral Resources and that remains open at depth and along strike. Most of our drilling has targeted areas 650 m from surface and higher. The level of VG in quartz that we’ve intersected in this area compares favourably to levels seen at the existing Fosterville Mine at similar elevations. The presence of VG in quartz and 500 m down-plunge extension of Robbin’s Hill mineralization, included in today’s results, highlight the potential for future discoveries of high-grade, VG-bearing zones at depth similar to Swan and Eagle at Fosterville’s Lower Phoenix system. Work is continuing at Robbin’s Hill with five surface drill rigs on site and plans currently being finalized for future underground development and drilling.” | |
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