DAILY NEWS Jul 3, 2014 3:21 PM - 0 comments

GOLD: Kirkland Lake Gold closes $7.5M flow-through offer

TEXT SIZE bigger text smaller text

KIRKLAND LAKE, Ontario – Kirkland Lake Gold has closed the $7.5-million flow through share offering first announced last month. The company issued 1.92 million common shares at a price of $3.90 per share.

Kirkland Lake Gold intends to use the net proceeds of the offering to advance its surface exploration program. In 2013 the company completed 40,750 metres of surface exploration drilling. An estimate of mineralization above the 305-metre depth now includes 281,170 indicated tonnes grading 11.66 g/t Au and containing 104,000 oz of gold. The resource also contains 118,817 inferred tonnes grading 12.34 g/t Au and containing 48,000 oz of gold.

Please visit the Kirkland Lake Gold website at KLGold.com.

Properties in This Story

Macassa Mine

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Mining Journal has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields