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Kirkland Lake Gold Ltd.
Summary
| Project: | Macassa Mine | |
|---|---|---|
| Deposit: | South Mine Complex | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-7-2018: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its South Mine Complex deposit at the Macassa Mine project. Drilling results incl. 1.1m @ 241.0g/t Au from 216.4m. Toronto, Ontario – July 5, 2018 – Kirkland Lake Gold L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart Carmicheal (Internal) | |
| ABSTRACT: | Toronto, Ontario – July 5, 2018 – Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today reported new high-grade drill intersections from underground exploration drilling within the SMC at the Macassa Mine, Kirkland Lake, Ontario. The new results involve 20 holes for 7,560 m of underground drilling from the east exploration drift on the 5300-foot level (“5300 Level”). Underground drilling from the 5300 Level will continue throughout the remainder of 2018. The new high-grade intersections are situated within the 259 m eastern extension of the SMC, first reported in June 2017 (see Kirkland Lake Gold News Release dated June 28, 2017). The new intersections result from a continuation of the 2018 infill drilling program, with previous results reported in April 2018 (see Kirkland Lake Gold News Release dated April 27, 2018). The results will support further Mineral Resource expansion, as all but two of the intersections are located outside of the existing Mineral Resource blocks. Of particular significance, the new results include high-grade intersections within Footwall veins 78 m to the east of existing Mineral Resources within the SMC. In addition, the results have identified a high-potential area within the eastern extension of the SMC, which includes high grades and true widths well in excess of those normally seen in the area. The intersectionsreported today are located approximately 560 m south-southeast of the location for the new #4 Shaft, with Phase 1 targeted for completion early in 2022. By comparison, these intersections are approximately 2.1 km east of the current production shaft (the #3 Shaft). | |
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