ONTARIO - KIRKLAND LAKE GOLD appears to have struck the mother lode with the first of its drill holes targeting the '04 Break from the 34 level of the Macassa gold mine. The hole returned 2.33 oz/ton Au uncut over 6.3 feet (or, for the metrically inclined, 79.87 g/t Au over 1.92 metres).
The company continues to drill the Lower D zone, and identified a new resource block 1,200 feet from the current mine workings. This is in addition to expanding the Lower D block 600 feet further to the north.
Chief production geologist Ken Rattee summed up the situation: "Given the number of new ore headings being developed in the new upper extension of the mineboth on the D zone and '04 Breakproduction implications are considerable. Cost per ton and per ounce should decrease as the new production impacts the mine. Specifically, the current development has the potential for expanded strike lengths of steep ore and will be the first significant ore development along the '04 Break since the mid-1990s."
Sounds like good news for the Macassa mine. Visit the Kirkland Lake Gold website at www.KLGold.com.
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