- Kirkland Lake Gold (KL) has reported a number of high-grade gold intercepts from underground exploration work at its Macassa mine in Ontario
- The most significant of the results was an intercept that returned 253.7 grams per tonne of gold over 14.5 metres
- The recent exploration at the site covered 47,683 metres of drilling across 135 holes
- This work was designed primarily to confirm and extend mineral resources within the South Mine Complex, the Lower South Mine Complex and the Amalgamated Break
- Kirkland Lake Gold (KL) is currently down 1.25 per cent and is trading at C$65.03 per share at 12:05pm EDT
Kirkland Lake Gold (KL) has reported a number of high-grade gold intercepts from underground exploration work at its Macassa mine in Ontario.
The results pertain to 47,683 metres of drilling in 135 holes that were completed from platforms on the 5300, 5600 and 5700 levels of the mine. This work was primarily designed to confirm and extend mineralisation within the South Mine Complex (SMC), the Lower South Mine Complex (LSMC) and the Amalgamated Break.
One of these holes, which was drilled to a depth of 427 metres, was collared in a platform on the north side of the 5700 level and drilled south-west to test the margin of the SMC.
This hole returned 253.7 grams per tonne of gold over 14.5 metres, including 1,572.9 grams per tonne over 0.6 metres and 1,313.5 grams per tonne over 0.3 metres.
Tony Makuch, President and CEO of Kirkland Lake Gold, said the results support the theory that there is significant exploration potential where the dip of the SMC approaches the contact of the Amalgamated Break.
“These are separate areas of gold mineralisation coming together, which is very interesting, and what we are seeing are some extremely high-grade intersections.
“The results today also continue to expand the mineralisation at depth in the LSMC and identify new areas of high-grade mineralisation along the Amalgamated Break, further increasing our confidence that there are new mineral reserves to be discovered as we drill along the Break through the Kirkland Lake camp,” he added.
Additional exploration work is continuing at the Macassa mine with nine drills operating underground and one at the surface. For the rest of the year, exploration efforts will continue to focus on testing the SMC and Amalgamated Zones.
Kirkland Lake Gold (KL) is currently down 1.25 per cent to C$65.03 per share at 12:05pm EDT.