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Kirkland Lake Gold Ltd.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Fosterville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-5-2017: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Fosterville deposit at the Fosterville project. Drilling results incl. 16m @ 404g/t Au from 113.2m. Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (OTCQX:KLGDF) is pleased to report continued high-grade drill results from underground drilling at Fosterville Mine in Australia. Underground definition drilling continues to infill and target down-plunge extensions of the Lower Phoenix and Harrier South gold systems to increase Mineral Resource confidence and assess the potential of further Mineral Reserve expansion (see Figure 1). Recent drill results returned from 59 underground holes totaling 14,070 meters (“m”) into extensions of the Lower Phoenix gold system continue to return some of the highest gold grades seen at Fosterville. Results continue to demonstrate the continuity of exceptional high-grade mineralization with visible gold on both the newly discovered west dipping Lower Phoenix Footwall and Eagle Structures in the Lower Phoenix gold system. Similarly, a drill program consisting of 20 holes, totaling 7,791m in the Harrier South gold system reaffirms the increasing grade tenor of the Harrier Mineral Reserve at depth. Mr. Tony Makuch, President and Chief Executive Officer, Kirkland Lake Gold commented: “The Fosterville Mine continues to provide exceptional results from drilling programs on the Lower Phoenix and Harrier South gold systems, with many intercepts returning significantly higher grades than our December 2016 average underground Mineral Reserve of 9.8 g/t Au.” | |
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