Canadian Mining Journal

News

GOLD: High grades near 30 g/t from South mine extension



ONTARIO – Toronto-based Kirkland Lake Gold continues to intersect high grades as it drills along the potential extension to the east of the South mine complex and on the north side of the Amalgamated Break.

Here are the highlights:

  • Hole AB-15-92 returned 29.5 g/t Au over 0.3 metres. Visible gold and tellurides were intersected at 1,783 metres below surface and 730 metres east beyond the South mine complex.
  • Hole AB-15-106 returned 28.1 g/t Au over 0.6 metres and 17.8 g/t over 0.4 metres. The presence of visible gold was noted at 1,850 metres below surface.
  • Hole AB-15-129 cut 10.6 g/t over 0.7 metres with visible gold at 1,810 metres below surface.

KLGold has turned around the old Macassa mine (that is still active) and added substantially to the potential of the region with the South mine complex. Together the properties have proven and probable reserves of 2.6 million tonnes grading 19.2 g/t Au and containing more close to 1.5 million oz of gold (as of Dec. 14, 2014). Property-wide measured and indicated resources are 4.2 million tonnes grading 16.8 g/t Au, and the inferred category is 2.1 million tonnes grading 18.2 g/t Au.

Please visit KLGold.com for more details.