GOLD DEVELOPMENT NEWS Macassa Shafts Being Rehabilitated

KIRKLAND LAKE, Ontario KIRKLAND LAKE GOLD is working hard at rehabilitating the No.2 and No.3 shafts at the forme...

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KIRKLAND LAKE, Ontario KIRKLAND LAKE GOLD is working hard at rehabilitating the No.2 and No.3 shafts at the former Macassa mine, preparing to resume production. The company bought the Macassa mine and 1,500 ton/day mill and four other nearby former producers in December 2001.

Dewatering and repairs to the No.3 shaft were completed last month and underground development and mining began on April 21. Ore is being stockpiled until the mill is re-commissioned at the end of June. This shaft was sunk in 1986 to a depth of 7,225 ft, and was the deepest single-lift shaft in the Western Hemisphere at the time. Kirkland Lake has established four working levels that contain proven and probable reserves totaling 273,000 tons grading 0.50 oz/ton Au. Additional reserves are being accessed from the 4900 level and the new 3400 level.

The 4,625-ft No.2 shaft will be re-commissioned in the middle of June. It will be used to support exploration and production at Macassa and provide access to other exploration targets. Definition drilling in the No.2 shaft area will test large boundary zones and areas on the Main Break what were not previously mined.

Kirkland Lake Gold recently changed its name from Foxpoint Resources. Learn more at www.klgold.com.

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