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Kirkland Lake Gold Ltd.
Summary
| Project: | Taylor Mine | |
|---|---|---|
| Deposit: | Taylor Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-12-2017: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its Taylor Mine deposit at the Taylor Mine project. Drilling results incl. 9.6m @ 46.7g/t Au from 400.3m. Toronto, Ontario – December 18, 2017 - Kirkland Lake Gold Ltd | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Schonfeldt (Internal) | |
| ABSTRACT: | Toronto, Ontario – December 18, 2017 - Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to report new exploration drill results from surface and underground drilling at 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 Taylor Shaft Deposit; at a prospective target area situated to the west of the Shaft Deposit and east of the West Porphyry Deposit; at depth below both the East Porphyry and West Porphyry deposits; and up dip of the 1004 Zone of the West Porphyry Deposit. Tony Makuch, President and CEO of Kirkland Lake Gold commented: “Today’s results further increase our confidence in the expansion potential and high-grade nature of the Taylor deposits, and support our ability to meaningfully grow Mineral Resources and Mining Reserves at Taylor Mine, through both increased tonnes and higher grades. These latest exploration results include high-grade intersections near existing infrastructure to the west of the Shaft Deposit and up dip of the West Porphyry Deposit. In addition, the results highlight the substantial exploration potential that exists to extend the West Porphyry Deposit to depth, with underground drilling intersecting a new, high-grade zone 350 m below existing mining and surface drilling intersecting highgrade gold mineralization up to 700 m below the existing Mineral Resource. If confirmed through infill drilling, these results will represent a major extension of the West Porphyry Deposit. We also continue to achieve encouraging exploration results east of the Shaft Deposit along the PDF, with new results including high-grade intersections up to a kilometer away from the mine. Our exploration program at Taylor is continuing with three surface drills and one underground drill in operation." | |
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