Kirkland discovers high-grade zone at Macassa, Canada

25 February 2014 (Last Updated February 25th, 2014 18:30)

Canada-based Kirkland Lake Gold has discovered a new high-grade zone at the Macassa property, west of the South Claims property, through an on-going surface diamond exploration programme.

Mine

Canada-based Kirkland Lake Gold has discovered a new high-grade zone at the Macassa property, west of the South Claims property, through an on-going surface diamond exploration programme.

The company used one drill rig to carry out the drill programme on the Macassa property.

Kirkland noted that the exploration was designed to follow up from the earlier success of drilling programmes testing for near-surface mineralisation associated with the Amalgamated Break.

Kirkland Lake Gold CEO George Ogilvie said that the company witnessed positive assay from the programme and is set to announce a reserve and resource calculation on ounces close to surface, for the first time in the company's history.

"Intersections from the surface campaign to date have shown mineralisation from surface to 1,000ft depth, which have the potential to be mined from a ramp or decline," Ogilvie said.

"The surface programme will continue throughout the year as exploration continues both east and west from this area."

Drill hole AB-13-108 returned 50.11oz of gold per tonne over 0.6m.

Numerous drill holes intersected a third, previously undiscovered, zone of continuous high-grade gold mineralisation to the west of the known mineralised area, which lies footwall to zones one and two.

This phase of drilling also produced several sporadic high-grade gold intercepts, the company said.


Image: Plan of recent surface drilling activity at the Macassa mine, Kirkland Lake, Ontario. Photo: courtesy of Kirkland Lake Gold Inc.

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