Mr. Tony Makuch reports
KIRKLAND LAKE GOLD REPORTS ADDITIONAL HIGH GRADE INTERCEPTS AND IDENTIFIES NEW MINERALIZATION AT MACASSA FROM UNDERGROUND DRILLING ON THE SOUTH MINE COMPLEX
Kirkland Lake Gold Inc. has released high-grade drill intercepts from underground exploration drilling on the South mine complex (SMC) at the Macassa mine complex in Kirkland Lake, Ont.
The drilling program infilled gaps in drill hole coverage between inferred resource blocks and identified new mineralization associated with the easterly strike extension of the SMC within the HM claim, located approximately 2,000 feet (610 metres) southeast of the No. 2 shaft at the Macassa mine complex.
Underground drilling highlights
- 651.8 grams per tonne gold (93.6 g/t cut) over 3.8 metres, including 2,846.1 g/t Au
over 0.5 metre, in hole 53-2921;
- 40.1 g/t Au over three metres in hole 53-2967;
- 97.7 g/t Au (70.2 g/t cut) over 1.6 metres, including 263.3 g/t Au over
0.3 metre, in hole 53-3065;
- 102.5 g/t Au (26.7 g/t cut) over 3.2 metres, including 923.3 g/t Au over
0.3 metre, in hole 53-3098;
- 100.5 g/t Au (68.6 g/t cut) over 1.6 metres, including 261.6 g/t over
0.3 metre, in hole 53-3099.
Notes: All intercepts are core lengths. High-grade assays are cut to 246.9 g/t or 120.0 g/t depending on the zone.
Tony Makuch, president and chief executive officer of the company, commented: "We are encouraged by these new drill results. Not only does this confirm that the SMC mineralization continues to extend to the east, but this may provide us with the opportunity to further expand the known resource and potentially increase the level of confidence of the mineral resources, as we continue our current underground diamond drill program in the area. We are in the process of extending the exploration drift further to the east, closing the almost 1,500 m gap between the current known extent of the SMC mineralization and the regional surface holes that encountered previously reported SMC style mineralization. We look forward to releasing additional results as they become available."
Underground drilling program continues to grow the SMC farther to the east
This program concentrated on both infilling gaps in drill hole coverage and also expanding the SMC farther to the east within the HM claim by testing a zone which was initially identified by drill hole 53-2414 which returned 21.6 g/t Au over a core length of 0.9 metre (see press release dated March 3, 2014). Follow-up drilling on this zone was conducted where results in drill hole 53-2705 returned 13.5 g/t Au over a core length of 1.5 metres and drill hole 53-2886 returned 383.3 g/t over a core length of 2.6 metres (see press release dated June 9, 2014). This new zone is located in the footwall, north of the New South zone (which is part of the SMC), and has been identified as Footwall zone 2 (FWZ-2) for resource modelling purposes.
The company has since completed 24 additional drill holes which have expanded and better defined this zone of mineralization. Based on the additional drilling, the FWZ-2 strikes north 20 degrees east with a shallow (five degrees) eastern dip. It has been defined over a strike length of 130 metres and located between the minus-5769 and minus-5850 elevations (approximately 21 metres below the NSZ). It is open updip and is currently being tested with additional step-out drilling. The company recently extended the 5,300-foot level exploration drift an additional 190 metres to the east and excavated a drill station which will be used to explore for SMC-related mineralization to the east.
The table summarizes the latest underground drilling results in metric values.
SMC UNDERGROUND EXPLORATION RESULTS
Core True
Hole From To length width Assay Cut
(m) (m) (m) (m) (g/t) (g/t)
53-2414 258.3 259.2 0.9 0.5 21.6 -
53-2657B No zone N/c NSV -
53-2705 225.7 227.2 1.5 1.1 13.4 -
53-2886 276.3 278.9 2.6 1.4 383.3 58.3(i)
Including 277.2 277.5 0.3 0.2 60.3 -
And 277.9 278.4 0.5 0.3 1,271.7 -
And 278.4 278.9 0.5 0.3 661 -
53-2415 320.6 323.9 3.3 1.5 8.6 -
53-2416 No zone N/c NSV -
53-2655 No zone N/c NSV -
53-2656 230.6 232.0 1.4 0.9 45.3 -
Including 231.6 232.0 0.4 0.2 95.3 -
53-2920 235.9 237.0 1.1 0.9 24.0 -
53-2921 279.3 283.1 3.8 2.2 651.8 93.6(ii)
Including 279.9 280.6 0.7 0.4 108.3 -
And 280.9 281.3 0.4 0.2 762.2 -
And 281.3 282.0 0.7 0.4 277.7 -
And 282.0 282.5 0.5 0.4 2,846.1 -
And 282.5 283.1 0.6 0.4 669.9 -
53-2967 238.0 241.0 3.0 2.0 40.1 -
Including 238.0 238.3 0.3 0.2 54.2 -
And 240.2 241.0 0.8 0.5 111.8 -
53-2968 222.0 227.4 5.4 N/c 1.0 -
53-2969 303.7 304.8 1.1 N/c 1.3 -
53-2971 249.1 249.6 0.5 N/c 0.7 -
53-2972 320.0 322.5 2.4 N/c 1.0 -
53-3050 No zone N/c NSV -
53-3051 No zone N/c NSV -
53-3063 No zone N/c NSV -
53-3064 318.9 319.2 0.3 N/c NSV -
53-3065 272.0 273.6 1.6 0.8 97.7 70.2(ii)
Including 272.3 272.7 0.4 0.2 87.8 -
And 272.7 273.0 0.3 0.2 263.3 -
And 273.0 273.3 0.3 0.2 104.2 -
53-3097 267.8 268.5 0.7 0.5 164.9 120.0(ii)
53-3098 260.2 263.4 3.2 2.1 102.5 26.7(ii)
Including 260.2 260.8 0.6 0.4 49.7 -
And 262.8 263.1 0.3 0.2 923.3 -
53-3099 255.8 257.4 1.6 0.9 100.5 68.6(ii)
Including 256.5 256.8 0.3 0.2 261.6 -
And 256.8 257.4 0.6 0.3 132.7 -
53-3107 312.1 313.4 1.3 0.7 63.8 41.1(ii)
Including 312.4 312.8 0.4 0.2 201.9 -
53-3108 268.2 269.3 1.0 0.7 8.6 -
53-3109 318.7 320.8 2.1 1.0 11.0 -
53-3121 286.4 287.7 1.3 0.7 75.8 -
53-3122 285.9 288.6 2.7 1.6 26.4 22.6(ii)
Including 288.3 288.6 0.3 0.2 154.1 -
(i) Cut to 246.9 g/t.
(ii) Cut to 120.0 g/t.
N/c equals true width not calculated, will not make minimum
requirements for resource definition.
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 best 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 certified reference standards, 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.
Qualified person
The company's exploration programs are under the supervision of Doug Cater, PGeo, vice-president of exploration. Mr. Cater is the qualified person for the purpose of National Instrument 43-101, and has reviewed and approved this news release. As the vice-president of exploration, Mr. Cater is not considered independent.
About the company
Kirkland Lake Gold is an intermediate gold producer with assets in the historic Kirkland Lake gold camp and east of the Timmins gold camp along the Porcupine-Destor fault zone, both in Northeastern Ontario. The company is currently targeting annual gold production of between 280,000 to 290,000 ounces from its cornerstone asset, the Macassa mine complex and the Holt mine complex, that includes the Holt, Holloway and Taylor mines.
We seek Safe Harbor.
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