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Kirkland Lake Gold Ltd.
Summary
| Project: | Macassa Mine | |
|---|---|---|
| Deposit: | Macassa Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-7-2019: Kirkland Lake Gold Ltd. announces a Resource Estimation report for its Macassa Mine deposit at the Macassa Mine project. Amended report - annual statement of mineral resources and ore reserves. This National Instrument 43-101 Technical Report ( | |
| Resources: | (Reserve, P+P): 3.190Mt @ 21.9g/t Au | |
| CP/QP: | [Resources]: Mariana Harvey (Internal) | |
| ABSTRACT: | This National Instrument 43-101 Technical Report (Technical Report) was triggered by the disclosure from Kirkland Lake Gold Ltd. (“Company”) of its Annual Information Form (AIF) for the year 2018 (section 4.2 (1) (f) of the Instrument). This Technical Report has been prepared for Kirkland Lake Gold, the beneficial owner of the Macassa Mine. The Company is listed on the Toronto Stock Exchange under the ticker symbol “KL”, the New York Exchange under the ticker symbol “KL” and the Australian Exchange under the ticker symbol “KLA”. This Technical Report provides the Mineral Resource and Mineral Reserve (MRMR) estimates for the Macassa Mine that have resulted from ongoing exploration and resource definition drilling and as a result of ongoing mine design and evaluation during the period of January 1, 2018 to December 31, 2018. The Macassa Mine is located in the Municipality of Kirkland Lake, Teck Township, District of Timiskaming, Ontario, Canada, at about 48°10’ N Latitude and 80°02’ W Longitude, approximately 600km north of Toronto. The Macassa Mine has had numerous owners since operations started in 1933. Operations have been continuous except for a brief period, when they were suspended in 1999 due to the depressed gold price and the mine was allowed to flood in 2000. Underground mining restarted in 2002. Kirkland Lake Gold holds title to 258 mining claims in Teck and Lebel Townships that covers 3,724 hectares. There are 188 patented claims, 11 crown leases and 59 staked claims. Over the last 10 years, the Macassa Mine production has been predominately from two production areas: the South Mine Complex (SMC) and the Main Break (MB). Mining first started in the MB and ‘04 Break, and in reference to production areas, the terms 04’ Break and Main Break are currently used interchangeably at Macassa. The SMC, the most recent zone in terms of production history, located to the south of the MB and the ‘04 Break, reveals a different style of mineralization that includes wide sulphide systems instead of quartz vein mineralization as seen in the other zones. Tellurides appear to be more prevalent in the SMC (e.g. calaverite). Currently, the SMC accounts for approximately 80% of Macassa Mine’s annual gold production. | |
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