ONTARIO – Congratulations to Kirkland Lake Gold owner of the Macassa gold mine complex that has poured 1.0 million oz since the company took over in 2002. The mine is located near the town of Kirkland Lake. Mines in the region have poured more than 26 million oz of gold since the beginning of the Twentieth Century.
KLGold says that the Macassa complex (including the South mine) contains 1.5 million oz in proven and probable reserves (2.4 million tonnes averaging 19.2 g/t Au). The measured and indicated resource holds another 2.0 million oz (3.8 million tonnes averaging 16.8 g/t Au).
Eric Sprott, chairman of KLGold, commented, “One million ounces is a tremendous accomplishment and on behalf of the board of directors, I wish to express sincere thanks to all the hard work that was put into achieving this milestone. I truly believe in the prolific nature of this camp, and with the recent regional exploration success, I have no doubt that we will continue to add significant ounces to this tally in the future.”
Information about the exploration potential of KLGold’s properties is posted at KLGold.com.