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Kirkland Lake Gold Ltd.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Fosterville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-12-2019: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Fosterville deposit at the Fosterville project. Drilling results incl. 7.55m @ 87.6g/t Au from 268.3m. Toronto, Ontario – December 3, 2019 - Kirkland Lake Gold Ltd. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Toronto, Ontario – December 3, 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 underground drilling programs at the Fosterville Mine in Victoria, Australia. Recent underground drilling targeting additional growth in Mineral Reserves and Mineral Resources confirmed significant continuity of mineralization down-plunge and adjacent to existing Mineral Reserves in the Lower Phoenix System. In addition, underground infill drilling into Swan Mineral Reserves continues to return exceptional high-grade results containing VG providing confirmation of the geological model, underpinning confidence in the operation’s mine plan. Drill results reported are from 206 holes (51,521 m) that targeted infill and extension of the Lower Phoenix 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: “We have an extensive exploration program at Fosterville covering four main target areas, Lower Phoenix down-plunge of Swan, Cygnet, Harrier and Robbin’s Hill (Figure 1). Today’s results focus on the Lower Phoenix area. They are encouraging as they include the extension of high-grade, VG-bearing mineralization 80 m down-plunge of the Swan Zone and demonstrate that Lower Phoenix is an extremely large gold system, with continuity of the system having been confirmed to over 950 metres down-plunge of our deepest Mineral Reserves. In addition, we continue to get strong results from drilling of the Cygnet Zone, where we have intersected high-grade, VG-bearing mineralization, including 239 g/t Au over 1.2 m (ETW 0.9 m). Such results provide significant resource growth potential immediately adjacent to existing underground infrastructure. | |
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