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Kirkland Lake Gold Ltd.
Summary
| Project: | Taylor Mine | |
|---|---|---|
| Deposit: | Taylor Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-8-2017: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Taylor Mine deposit at the Taylor Mine project. Drilling results incl. 3.0m @ 38.0g/t Au from 265.4m. Toronto, Ontario – August 11, 2017 ‐ Kirkland Lake Gold Ltd. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Schonfeldt (Internal) | |
| ABSTRACT: | Toronto, Ontario – August 11, 2017 ‐ Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (OTCQX:KLGDF) is pleased to report new exploration drill results from surface drilling east of the Taylor Mine (“Taylor”) in Northeast Ontario, and situated along the prolific Porcupine Destor Fault (the “PDF”). Recent drilling occurred along the hanging wall of the PDF, where high‐grade gold mineralization has been intersected up to 1.8 km east of the Shaft Deposit, and up dip of the 1004 Deposit mineralization. The new drill results involve a total of 15 holes or 12,155 m of surface drilling, bringing total surface drill holes reported to date in 2017 to 43 holes for 22,520 m. Recent underground drilling of 14 holes for 2,500 m brings total underground drilling for 2017 to 31 holes in 9100 m. Tony Makuch, President and CEO of Kirkland Lake Gold stated: “The aim of the exploration work completed to date is two‐fold; to discover and identify new high‐grade targets for follow‐up drilling and to define extensions and new mineralization at existing deposits to support increased mine life. After intersecting high‐ grade gold mineralization 1.8 km east of the Shaft Deposit earlier this year, we have concentrated our more recent drilling within that 1.8 km target area and today are reporting multiple high‐grade intersections. These results continue to highlight the potential that exists to identify new deposits to the east of Taylor along the PDF. As well, based on recent drilling, we are increasingly confident that we can add to our mineral resource and reserves in and around the Shaft Deposit, as well as the East and West Porphyry deposits, all areas located near existing infrastructure. Currently, we have three surface drills and one underground drill in operation as we continue our work to demonstrate the expansion potential and high‐grade nature of the Taylor Deposit.” | |
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