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Kirkland Lake Gold Ltd.
Summary
| Project: | Taylor | |
|---|---|---|
| Deposit: | West Porphyry, Shaft | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-1-2017: Kirkland Lake Gold Ltd. announces an Exploration/Drilling Update report for its West Porphyry, Shaft deposit at the Taylor project. Drilling results incl. 1.1m @ 39.62g/t Au from 332.4m. Toronto, Ontario – January 30, 2017 - Kirkland Lake Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Doug Cater (Not stated) | |
| ABSTRACT: | Toronto, Ontario – January 30, 2017 - Kirkland Lake Gold Ltd. (“KL Gold” or the “Company”) (TSX:KL) (OTCQX:KLGDF) is pleased to report new exploration drill results from surface and underground drilling at its Taylor Gold Mine Complex (“Taylor”) located in Northeastern Ontario; situated along the prolific Porcupine Destor Fault (the “PDF”) which is host to numerous gold deposits. The Company controls an extensive land package extending approximately 120 km along the PDF, a portion of which hosts Taylor. At Taylor, the Company has currently identified three major mineralized deposits along the PDF which include: (i) the West Porphyry Deposit (the “WPZ”’) which contains the majority of the Mineral Resource and Mineral Reserve estimates in the middle of the property and where active mining currently takes place; (ii) the Shoot Deposit located to the west of the property; and (iii) the Shaft Deposit located on the eastern side. (see Figure 1 and 2 below). All drilling targeted new mineralized extensions situated both at depth and along strike to the east of the Shaft Deposit and west of the WPZ, which includes the 1003, 1004, and 1008 Zones. (See Tables 1 and 2 below.) Surface drilling at Taylor is focused on two target areas; namely west of the WPZ and east of the Shaft Deposit. The area west of the WPZ targeted potential mineralization between the 1004 Zone and the Shoot Deposit. Drilling along strike to the east targeted shallow dipping mineralized quartz veins situated in the hanging wall of the PDF. A total of 25 holes or 13,400 metres of surface exploration drilling have been completed on Taylor since January 2016. | |
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