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Kirkland Lake Gold Ltd.
Summary
| Project: | Northern Territory Operations | |
|---|---|---|
| Deposit: | Northern Territory Operations | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-3-2017: Kirkland Lake Gold Ltd. announces a Resource Estimation report for its Northern Territory Operations deposit at the Northern Territory Operations project. Updated Mineral Resources and Ore Reserves for Project. This technical report has been pr | |
| Resources: | (Reserve, P+P): 2.404Mt @ 2.29g/t Au for 176.8koz Au contained at NT | |
| CP/QP: | [Resources]: Mark Edwards (Internal) | |
| ABSTRACT: | This technical report has been prepared for Kirkland Lake Gold Ltd. (Kirkland Lake Gold), the beneficial owner of the Northern Territory Operations (collectively, the “NT Operations”) including the Cosmo Gold Mine. Kirkland Lake Gold Ltd. is listed on the Toronto Stock Exchange under the ticker symbol “KL”. On November 30, 2016, Newmarket Gold Inc. (“Newmarket”) combined with Kirkland Lake Gold Inc. and the combined company was renamed Kirkland Lake Gold Ltd. As used in this Technical Report, unless the context otherwise requires, reference to “Kirkland Lake Gold” or the “Company” means Kirkland Lake Gold Ltd. and the subsidiaries. Reference to “Newmarket Gold” means the Company when it was previously named Newmarket Gold and its subsidiaries, prior to the completion of the arrangement with Kirkland Lake Gold Inc. This Technical Report has been prepared at the request of Mr. Anthony (Tony) Makuch, President and Chief Execuative Officer of Kirkland Lake Gold and provides the Mineral Resource and Mineral Reserve estimates for the Northern Territory Operations that have resulted from ongoing exploration and resource definition and as a result of ongoing mine design and evaluation during the period January 1, 2016 to December 31, 2016. Despite having seen a decrease in Mineral Reserves over the past year, exploration in the mine has been successful in delineating additional Mineral Resources in both the Cosmo Mine and the nearby Lantern Deposit. Some of these Resources are yet to be converted into Mineral Reserves and extensive work will take place over the coming 12 months in order to accomplish this objective. | |
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