ONTARIO The three-year, $21-million exploration program of KIRKLAND LAKE GOLD looks to be paying off. The company targeted unexplored areas not previously mined on the Main Break, parallel structures both to the north and south of the Main Break, and north-south-trending structures on its property in the Kirkland Lake camp.
Near-surface mineralization has been found by drill 1,400 ft south of the South Break and 2,000 ft south of the Main Break on the Macassa mine property. This is a new discovery, says the company, and appears to indicate the mineralization may be trending perpendicular to the Main Break with a shallow easterly dip. One hole intersected 0.50 opt Au over 29.0 ft including 0.84 opt Au over 15.0 ft, just 160 ft below surface. The same zone was drilled by two closely spaced follow-up holes. Kirkland Lake Gold says the mineralization is open in all directions and comprises altered greywacke and conglomerate mineralized with up to 15% finely disseminated pyrite. Visible gold was associated with pyrite in all three holes.
A summary of the drilling results is available at www.KLgold.com.