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Kirkland Lake Gold Ltd.
Summary
| Project: | Fosterville | |
|---|---|---|
| Deposit: | Swan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-12-2018: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Swan deposit at the Fosterville project. Drilling results incl. 6.40m @ 598g/t Au from 344.5m. Toronto, Ontario – December 13, 2018 - Kirkland Lake Gold Ltd. (“Kir | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Troy Fuller (Internal) | |
| ABSTRACT: | Toronto, Ontario – December 13, 2018 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade results from the ongoing underground drilling programs at the Fosterville Mine in Victoria, Australia. Recent underground infill drilling targeting the down-plunge extensions of Swan continues to return results that provide confirmation of the geological model and continuity of high-grade, visible-gold bearing mineralization on the Swan Fault. Results from 47 new drill holes, totaling 17,169 m, continue to return intervals with exceptionally high grades and visible-gold outside of the December 31, 2017 Measured and Indicated Mineral Resources in the Swan Zone. Recent drilling demonstrates the continuous nature of high-grade, visible-gold bearing quartz veins with substantial widths covering a down-dip extent of approximately 75 m, approximately 100 m down-plunge of current Mineral Reserves. In addition, drilling has confirmed that high-grade, visible-gold mineralization continues to be prevalent at least 200 m down-plunge from current Mineral Reserves. Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Fosterville continues to generate outstanding results, both from exploration and operating activities. The infill drill results released today clearly demonstrate the continuity of wide, exceptionally high-grade, visible-gold bearing mineralization covering 75 m down dip, and extending 100 m down-plunge from current Swan Mineral Reserves. We also continue to generate encouraging drill results further down-plunge, with the release of multiple high-grade, visible-gold bearing drill intercepts in a zone extending up to 200 m down-plunge of current Reserves. These intercepts are significant as they increase our confidence that the Swan mineralization continues for a significant distance down-plunge. Today’s drill results will be incorporated into our December 31, 2018 Mineral Reserve and Mineral Resource estimates, which we expect will include a substantial increase in Swan Mineral Reserves. | |
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