Canadian Mining Journal

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GOLD RESOURCES: South mine reserves jump 52%

ONTARIO KIRKLAND LAKE GOLD has put together new reserve and resource numbers for its South mine that show increas...


ONTARIO KIRKLAND LAKE GOLD has put together new reserve and resource numbers for its South mine that show increases in all categories. Proven and probable reserves are 630,000 t at 26.7 g/t Au, an increase of 52% in contained ounces. Measured resources are 1,800 t at 8.2 g/t Au, and indicated resources are 191,000 t at 29.1 g/t. Contained ounces in measured and inferred resources are up 63%. Indicated resources were 641,000 t grading 27.1 g/t Au with a 6% increase in contained ounces.

Property-wide reserves and resources also grew. Proven and probable reserves are 2.27 million t at about 18.2 g/t Au, an increase of 23% in contained ounces. Measured resources are 880,000 t at 13.0 g/t Au, and indicated resources are 1.33 million t at 14.7 g/t. Contained ounces in measured and inferred resources are up 44%. Indicated resources were 1.22 million t grading 20.9 g/t Au with a 57% increase in contained ounces.

In total the exploration team added more than 900,000 oz of gold in high-grade reserves and resources since the April 2007 estimates.

The South deposit is accessible from the Macassa mine. (www.KLGold.com)

KL Gold and its 50% partner QUEENSTON MINING have also released a resource estimate for their South Claims property. An indicated resource of 39,000 t grading 38.1 g/t Au and an inferred resource 66,200 t grading 42.5 g/t Au are reported. Contained ounces of gold total approximately 139,000 oz.


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