Mr. George Ogilvie reports
KIRKLAND LAKE GOLD INFILL DRILLING PROGRAM CONFIRMS GRADE AND CONTINUITY OF THE SOUTH MINE COMPLEX ON THE HM CLAIM
Kirkland Lake Gold Inc. is providing an update on the underground exploration drilling program on the South mine complex (SMC) at the company's Macassa mine complex, and in particular on the HM claim (formerly a part of the Queenston Mining joint venture property).
The HM claim, located approximately 2,000 feet (610 metres) southeast of the No. 2 shaft at the Macassa mine complex, is an area that hosts the easterly strike of the SMC. The drilling program tested inferred resource blocks within a larger combined indicated and inferred resource area, as well as along the fringe areas targeting the New South zone (NSZ) and a parallel hangingwall zone (HWZ).
Highlights:
-
NSZ extended 89 feet (27.1 metres) downdip from previous intersections.
- Drill hole 53-2705 returned 8.05 ounces per ton uncut (5.02
ounces per ton cut), or 276.0 grams per tonne uncut (172.1 g/t cut),
over a true width of 6.7 feet (two metres).
- Drill hole 53-2822 returned 3.96 ounces per ton uncut (3.46 ounces per ton cut), or 135.8
g/t uncut (118.6 g/t cut), over a true width of 6.4 feet (two m).
- NSZ extended 105 feet (32.0 metres) updip and 53 feet (16.2 metres)
east from previous intersections.
- Drill hole 53-2704 returned 1.83 ounces per ton, or 62.7 g/t (no cutting factor
applied), over a true width of 1.3 feet (0.4 metre).
- Drill hole 53-2659 returned 1.92 ounces per ton, or 65.8 g/t (no cutting factor
applied), over a true width of 1.9 feet (0.6 metre).
- Three new intersections on the HWZ help define the zone over a strike
length of 200 feet (60.1 metres), with a 100-foot (30.5 metres) dip
component.
- Drill hole 53-2699 returned 3.69 ounces per ton uncut (2.17 ounces per ton cut), or 126.5
g/t uncut (74.4 g/t cut), over a true width of seven feet (2.1
metres).
- Drill hole 53-2701 returned 3.04 ounces per ton uncut (1.18 ounces per ton cut), or 104.2
g/t uncut (40.5 g/t cut), over a true width 15.8 feet (4.8 metres).
- Drill hole 53-2818 returned 1.67 ounces per ton uncut (1.30 ounces per ton cut), or 57.2
g/t uncut (44.6 g/t cut), over a true width of six feet (1.8
metres).
Higher-grade assays are cut to 7.20 ounces per ton (246.9 g/t) and 3.50 ounces per ton (120.0 g/t), depending on location within the zone.
George Ogilvie, chief executive officer of the company, commented: "Since acquiring the properties associated with the Queenston joint venture in August of 2012, we have seen tremendous exploration success, particularly on the South claims. In April of this year, we reported 49,000 ounces of probable reserves (40,000 tons at an average grade of 1.23 ounces per ton, or 42.2 g/t). As well, we announced an increase in indicated resources on the South claims by 35 per cent and an increase in inferred resources by 19 per cent, year over year. We are encouraged by these results and look forward to the possibility of expanding, as well as improving our confidence of resources onto the HM claim that remains open to the east.
"Since the company commenced exploration activities, we have focused on exploration associated with the Macassa mine complex, which includes areas near the old Macassa mine and the South mine complex. We now look to expand our exploration efforts and embark upon a regional program to test the four contiguous properties that lie to the east, with an initial investment of $1.5-million, to be carried out during calendar 2015. We strongly believe in the robust nature of this camp and our potential to extend our life of mine through organic growth."
SMC underground drilling on the HM claim
The initial phase of drilling was spaced at an average of 120-foot (36.6 metres) intersections, while the infill drilling conducted recently has reduced the intersections to an average of 50 to 80 feet (15.2 metres to 24.4 metres) within the existing resource blocks.
Of the 10 drill holes testing the NSZ inferred resource areas and within the existing resource area, nine holes returned intersections which will make the minimum requirements to calculate an indicated resource (which is updated annually). Based on the conversion of the inferred resources to an indicated resource level, this represents a conversion rate of approximately 90 per cent.
Of the five drill holes testing the NSZ inferred resources along the fringe areas of the current resource area, four returned intersections which will make the minimum requirements to calculate an indicated resource (which is updated annually). Based on the conversion of the inferred resources to an indicated resource level in these areas, this represents a conversion rate of approximately 80 per cent, and is expected to expand the dip and strike components of the current resource blocks.
The table summarizes the latest underground drilling results in imperial values.
SMC UNDERGROUND EXPLORATION -- IMPERIAL TABLE
Drill hole From To
(ft) (ft)
53-2657B 739.5 740.5
53-2658A 572.8 582.2
53-2659 591.8 593.8
53-2699 628.5 637.3
Including 628.5 630.2
And 630.2 632.5
And 632.5 634.3
666.0 672.7
Including 666.0 668.0
And 668.0 669.6
And 669.6 670.9
53-2700 728.2 733.1
Including 728.2 729.4
And 729.4 730.4
53-2701 578.8 597.2
Including 586.8 588.4
And 591.8 593.8
And 595.7 597.2
619.3 624.5
Including 620.3 622.2
And 622.2 624.5
53-2702 708.3 720.0
Including 708.3 709.8
And 709.8 710.9
And 710.9 713.0
And 716.1 717.6
And 717.6 718.7
53-2703 573.0 586.7
Including 576.3 577.9
And 577.9 580.7
53-2704 569.1 570.4
53-2705 713.8 722.2
Including 715.5 717.4
And 717.4 720.0
And 720.0 722.2
53-2706 599.0 602.5
53-2707B 632.6 636.6
Including 632.6 633.9
53-2818 655.1 662.2
Including 655.1 656.2
And 658.9 660.0
672.7 680.0
53-2819 720.7 733.9
Including 724.8 725.8
And 725.8 727.2
And 730.0 732.7
53-2822 602.6 609.4
Including 602.6 604.6
And 604.6 606.5
And 606.5 607.7
Drill hole Core length True width Assay Cut
(ft) (ft) (oz/t) (oz/t)
53-2657B 1.0 N/C NSV -
53-2658A 9.4 N/C 0.05 -
53-2659 2.0 1.9 1.92 -
53-2699 8.8 7.0 3.69 2.17(ii)
Including 1.7 1.3 6.09 -
And 2.3 1.8 7.41 -
And 1.8 1.4 1.51 -
6.7 5.1 2.54 -
Including 2.0 1.5 3.18 -
And 1.6 1.2 2.75 -
And 1.3 1.0 3.43 -
53-2700 4.9 3.5 2.51 -
Including 1.2 0.9 6.85 -
And 1.0 0.7 2.89 -
53-2701 18.4 15.8 3.04 1.18(ii)
Including 1.6 1.4 17.36 -
And 2.0 1.7 9.04 -
And 1.5 1.3 4.15 -
5.2 4.3 1.16 -
Including 1.9 1.6 1.69 -
And 2.3 1.9 1.11 -
53-2702 11.7 8.5 2.20 -
Including 1.5 1.1 7.26 -
And 1.1 0.8 2.16 -
And 2.1 1.5 3.92 -
And 1.5 1.1 1.17 -
And 1.1 0.8 1.11 -
53-2703 13.7 12.1 0.80 -
Including 1.6 1.4 1.19 -
And 2.8 2.5 2.35 -
53-2704 1.3 1.3 1.83 -
53-2705 8.4 6.7 8.05 5.02(i)
Including 1.9 1.5 3.70 -
And 2.6 2.1 13.98 -
And 2.2 1.8 12.48 -
53-2706 3.5 3.3 0.43 -
53-2707B 4.0 3.6 0.69 -
Including 1.3 1.2 1.29 -
53-2818 7.1 6.0 1.67 1.30(ii)
Including 1.1 0.9 5.90 -
And 1.1 0.9 2.33 -
7.3 5.7 0.35 -
53-2819 13.2 10.7 1.38 -
Including 1.0 0.8 1.36 -
And 1.4 1.1 6.33 -
And 2.7 2.2 1.70 -
53-2822 6.8 6.4 3.96 3.46(i)
Including 2.0 1.9 3.66 -
And 1.9 1.8 8.96 -
And 1.2 1.1 1.81 -
(i) Cut to 7.20 ounces per ton.
(ii) Cut to 3.50 ounces per ton.
The table summarizes the latest underground drilling results in metric values.
SMC UNDERGROUND EXPLORATION -- METRIC TABLE
Drill hole From To
(m) (m)
53-2657B 225.4 225.7
53-2658A 174.6 177.5
53-2659 180.4 181.0
53-2699 191.6 194.2
Including 191.6 192.1
And 192.1 192.8
And 192.8 193.3
203.0 205.0
Including 203.0 203.6
And 203.6 204.1
And 204.1 204.5
53-2700 222.0 223.4
Including 222.0 222.3
And 222.3 222.6
53-2701 176.4 182.0
Including 178.9 179.3
And 180.4 181.0
And 181.6 182.0
188.8 190.3
Including 189.1 189.6
And 189.6 190.3
53-2702 215.9 219.5
Including 215.9 216.3
And 216.3 216.7
And 216.7 217.3
And 218.3 218.7
And 218.7 219.1
53-2703 174.7 178.8
Including 175.7 176.1
And 176.1 177.0
53-2704 173.5 173.9
53-2705 215.9 220.1
Including 218.1 218.7
And 218.7 219.5
And 219.5 220.1
53-2706 182.6 183.6
53-2707B 192.8 194.0
Including 192.8 193.2
53-2818 199.7 201.8
Including 199.7 200.0
And 200.8 201.2
205.0 207.3
53-2819 219.7 223.7
Including 220.9 221.2
And 221.2 221.7
And 222.5 223.3
53-2822 183.7 185.7
Including 183.7 184.3
And 184.3 184.9
And 184.9 185.2
Drill hole Core length True width Assay Cut
(m) (m) (g/t) (g/t)
53-2657B 0.3 N/C NSV -
53-2658A 2.9 N/C 1.7 -
53-2659 0.6 0.6 65.8 -
53-2699 2.6 2.1 126.5 74.4(ii)
Including 0.5 0.4 208.8 -
And 0.7 0.5 254.1 -
And 0.5 0.4 51.8 -
2.0 1.6 87.1 -
Including 0.6 0.5 109.0 -
And 0.5 0.4 94.3 -
And 0.4 0.3 117.6 -
53-2700 1.4 1.1 86.1 -
Including 0.3 0.3 234.9 -
And 0.6 0.2 99.1 -
53-2701 5.6 4.8 104.2 40.5(ii)
Including 0.4 0.4 595.2 -
And 0.6 0.5 309.9 -
And 0.4 0.4 142.3 -
1.5 1.3 39.8 -
Including 0.5 0.5 57.9 -
And 0.7 0.6 38.1 -
53-2702 3.6 2.6 75.4 -
Including 0.4 0.3 248.9 -
And 0.4 0.2 74.1 -
And 0.6 0.5 134.4 -
And 0.4 0.3 40.1 -
And 0.4 0.2 38.1 -
53-2703 4.1 3.7 27.4 -
Including 0.4 0.4 40.8 -
And 0.9 0.8 80.6 -
53-2704 0.4 0.4 62.7 -
53-2705 4.2 2.0 276.0 172.1(i)
Including 0.6 0.5 126.9 -
And 0.8 0.6 479.3 -
And 0.6 0.5 427.9 -
53-2706 1.0 1.0 14.7 -
53-2707B 1.2 1.1 23.7 -
Including 0.4 0.4 44.2 -
53-2818 2.1 1.8 57.3 44.6(ii)
Including 0.3 0.3 202.3 -
And 0.4 0.3 79.9 -
2.3 1.7 12.0 -
53-2819 4.0 3.3 47.3 -
Including 0.3 0.2 46.6 -
And 0.5 0.3 217.0 -
And 0.8 0.7 58.3 -
53-2822 2.0 2.0 135.8 118.6(i)
Including 0.6 0.6 125.5 -
And 0.6 0.5 307.2 -
And 0.3 0.3 62.1 -
(i) Cut to 246.9 g/t.
(ii) Cut to 120.0 g/t.
Qualified person
The results of the company's underground diamond drilling program have been reviewed, verified (including sampling, analytical and test data) and compiled by the company's geological staff under the supervision of Stewart Carmichael, PGeo, manager of exploration. Mr. Carmichael is the qualified person for the purpose of National Instrument 43-101, and has reviewed and approved this news release.
Quality assurance/quality control
The company has implemented a QA/QC program to ensure sampling and analysis of all exploration work are conducted in accordance with the best possible practices. The drill core is sawn in half with one-half of the core samples shipped to Swastika Laboratories in Swastika, Ont. The other half of the core is retained for future assay verification. Other QA/QC includes the insertion of blanks, and the regular reassaying of pulps and rejects at alternative certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory reassays at least 10 per cent of all samples and additional checks may be run on anomalous values.
Technical information
The company's Macassa mine property is the subject of a technical report prepared by Glenn R. Clark, PEng, titled "Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario, at Jan. 1, 2015," dated May 22, 2015, which has been filed on SEDAR.
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