Kirkland Lake Gold extends amalgamated zones to east

10 March 2014 (Last Updated March 10th, 2014 18:30)

Kirkland Lake Gold has unveiled encouraging results from its on-going surface diamond drilling exploration programme, which utilised one drill rig on the South Claims property to define potential near-surface resources.

Kirkland Lake Gold

Kirkland Lake Gold has unveiled encouraging results from its on-going surface diamond drilling exploration programme, which utilised one drill rig on the South Claims property to define potential near-surface resources.

The company said the programme has extended the amalgamated break zones 500ft to the east, with the intersection of 5.54oz of gold per tonne over a true width of 0.9ft.

Some of the drill results from the programme include 5.54oz gold per tonne over 0.9ft, 0.67oz gold per tonne over 4.2ft, 1.22oz over 0.8ft, and 5.18oz over 1.1ft.

The company said that the current drilling has successfully defined high-grade gold mineralisation at both zone one and zone two down to about 800ft, while previous drill holes had only seen high-grade intersections down to 400ft.

Kirkland Lake Gold CEO George Ogilvie said the company is further encouraged with the results of its surface programme and the continued extension of the mineralised zone to the east.

"To date, mineralisation remains open both across strike and 1,000ft below surface." 

"This will be the first year that near-surface mineralisation will be brought into a compliant 43-101 resource, when it is released," Ogilvie said.

"Beyond that, we will continue expanding the resource with the ultimate goal of creating a NI 43-101 reserve model. To date, mineralisation remains open both across strike and 1,000ft below surface."

Located in the Southern Abitibi gold belt in Canada, Kirkland Lake Gold acquired 13,000 acres of five contiguous, formerly producing gold mines in 2001, which had historically produced 21 million ounces of gold grading at 15.1g per tonne, primarily from the main/'04 break system.


Image: The latest drilling programme utilised one drill rig on the South Claims property. Photo: courtesy of Kirkland Lake Gold.

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