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.