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Kirkland Lake Gold Ltd.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Robbins Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-5-2018: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Robbins Hill deposit at the Fosterville project. Drilling results incl. 8.7m @ 9.7g/t Au from 424.9m. Toronto, Ontario – May 1 2018 - Kirkland Lake Gold Ltd. (“Kirkl | |
| Resources: | (Reserve, P+P): 2.288Mt @ 23.11g/t Au for 1699Koz Au | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Toronto, Ontario – May 1 2018 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to report high-grade drill results at depth from drilling at the Robbin’s Hill area along the O’Dwyer’s Trend, a parallel structure to the Fosterville Trend, which hosts Fosterville Mine’s Lower Phoenix and Harrier gold systems (see Figure 1). Recent surface drilling has returned intercepts of visible gold with some of the highest gold grades seen to date from the Robbins Hill area. Mineralization in recent drill core displays similarities to the high-grade, visible-gold hosted quartz veins encountered in the Eagle, Swan and Harrier South zones at Fosterville. Drill results reported are from 39 surface drill holes totaling 24,985 m that define four mineralized structures in the Robbin’s Hill area along the O’Dwyer’s Trend. Exploration drilling in the Robbins Hill area commenced in August 2016, where drilling has targeted down-dip extensions of mineralized structures mined from open pits in the 1990s. Drill results have demonstrated continuity of grade along four mineralized structures, namely the Curie, Rubin, Franklin and Smith faults and results indicate an increasing grade profile at depth (see Figure 2). Ongoing surface drilling is continuing to test the depth extent of the mineralization, recognizing that the highest-grade mineralization at Fosterville Mine occurs below the 800 m level. Five holes have returned gold intersections greater than 30-gram metres over a ~350 m strike length from 12450mN and 12800mN and 300 m to 550 m below surface on the Curie Fault. To date, two holes have contained occurrences of visible gold and exploration potential remains open down-dip and along strike. The results from this drill program have been successful in identifying a potentially large auriferous mineralized system displaying width and grade continuity with the potential to yield future Mineral Resources. | |
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