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Kirkland Lake Gold Ltd.
Summary
| Project: | Ludgate | |
|---|---|---|
| Deposit: | Ludgate | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Kirkland Lake Gold Ltd. announces a Resource Estimation report for its Ludgate deposit at the Ludgate project. Annual statement of mineral resources at project. Toronto, Ontario – February 20, 2018 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold | |
| Resources: | (Resource): 520kt @ 4.1g/t Au (Ind.) and 1.4Mt @ 3.6g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Doug Cater (Internal) | |
| ABSTRACT: | Toronto, Ontario – February 20, 2018 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced updated Mineral Reserve and Mineral Resource estimates as at December 31, 2017. Comparisons to previous Mineral Reserves and Mineral Resources are to estimates as at December 31, 2016, with the exception of the Fosterville mine, where comparisons are also made to the June 30, 2017 mid-year Mineral Reserve and Mineral Resource estimate (see Company news release dated July 27, 2017 and technical report dated September 11, 2017 and filed on SEDAR at www.sedar.com). Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: “Our strategy is focused on achieving year-over-year production growth and making Kirkland Lake Gold a million ounce per year producer within the next five to seven years. Achieving, and then maintaining, that level of output requires large deposits with significant growth potential. Our Mineral Reserve and Mineral Resource update for December 31, 2017 clearly demonstrates that our high-grade deposits are growing and show every sign of continuing to grow in 2018. | |
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