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Kirkland Lake Gold Ltd.
Summary
| Project: | Macassa Mine | |
|---|---|---|
| Deposit: | South Mine Complex | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-6-2017: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its South Mine Complex deposit at the Macassa Mine project. Drilling results incl. 1.4m @ 1336.5g/t Au (46.8g/t cut) from 161.5m. Toronto, Ontario – June 28, 2017 - Kir | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart Carmichael (Internal) | |
| ABSTRACT: | Toronto, Ontario – June 28, 2017 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (OTCQX:KLGDF) is pleased to report new high-grade drill intercepts from underground exploration drilling on the South Mine Complex (“SMC”) at the Macassa Mine, Kirkland Lake, Ontario. Recent results from twenty-five diamond drill holes totaling 12,068 metres (“m”) utilizing two drill rigs have intersected newly discovered mineralization extending the SMC east of the currently defined resource area and extending the current resource area on the Lower SMC Zone. In addition, drilling in the Lower SMC returned significant high-grade mineralization resulting in the discovery of a new hangingwall system. Follow up drilling on the new system is planned during the remainder of 2017. Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: "The results announced today demonstrate the significant opportunity we have to grow resources and extend mine life at our world-class, high-grade Macassa mine. The mine is our Canadian flagship operation with current reserves totalling 2.0 million ounces at an average grade of 20.8 grams per tonne, a large base of resources to support future growth, and expected 2017 production of over 190,000 ounces at operating cash costs of under $550 per ounce. Today’s drill results include the intersection of new high-grade mineralization with visible gold associated with the easterly strike extension of the SMC. | |
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