Canadian Mining Journal

News

GOLD: Kirkland Lake planning $18M exploration program at Macassa



ONTARIO – Kirkland Lake Gold of Toronto is planning an $18-million exploration program near its Macassa gold mine near Kirkland Lake this year. VP explorations Doug Carter said the substantial investment speaks to the high quality potential of KLGold’s properties.

To fund the exploration program, KLGold has proposed a $15-million non-brokered offering of 1.05 million flow-through shares. Each share carries a price of $14.32.

KLGold chairman Eric Sprott noted in a release, “We remain committed to increasing the company’s growth potential through exploration of our extensive mineral claim holdings in both the prolific East Timmins and Kirkland Lake gold districts.”

Enjoy the extensive image gallery of the Macassa mine complex at www.KLGold.com/operations/photos-maps/photo-gallery/default.aspx.