Mr. Brian Hinchcliffe reports
KIRKLAND LAKE GOLD INC.: LATEST HIGH GRADE INTERSECTIONS ON THE SOUTH MINE COMPLEX, NEW FOOTWALL ZONE DISCOVERED TO THE EAST
Kirkland Lake Gold Inc. has discovered a new footwall zone located on the eastern portion of the South mine complex. In addition, the company has encountered new intersections as part of a follow-up drill program testing mineralization on the Lower D North zone, also part of the SMC, as detailed in the company's press release dated Jan. 12, 2010, which highlighted drill hole 53-1520, which returned 6.14 ounces of gold per ton over a core length of 13.7 feet.
"We are encouraged to see the development of new mineralized zones on the South mine complex, demonstrating that new resources continue to be found eight years after the SMC was discovered," said Stewart Carmichael, chief exploration geologist. "We now have our full complement of nine exploration rigs working on the property, including three surface drills and six underground rigs."
The highlights of this recent drilling include:
-
The new footwall zone located on the eastern portion of the SMC is
located 250 feet below the New South zone and between elevations minus 5,756
and minus 5,952. The zone dips 33 to 39 degrees south and extends 65 feet east
onto the HM claim. This zone remains open to the east, up dip and for
250 feet to the west. Intersections from this footwall zone include:
- Drill hole 53-1796, which returned 5.64 ounces of gold per ton (uncut) or 2.59 ounces of gold per ton cut
over a true width of 2.8 feet;
- Drill hole 53-1797, which returned 8.55 ounces of gold per ton (uncut) or 3.50 ounces of gold per ton cut
over a true width of 0.9 foot;
- Drill hole 53-1684, which returned 0.98 ounce of gold per ton over a true width of one foot.
These three holes are in addition to previously released drill hole 53-1823, which returned 3.18 ounces of gold per ton over a true width 1.2 feet (see press releases dated Sept. 11, 2011):
-
Four new intersections on the Lower D North zone indicate a shoot of
mineralization over a strike length of 450 feet between the minus-5,610- and
minus-5,700-foot elevations. These intersections are in addition to previously
released drill hole 53-1520, which returned 6.14 ounces of gold per ton uncut (2.06 ounces of gold per ton cut)
over a core length of 13.7 feet or 12.5 feet true width. The plunge of
this mineralization appears to be near horizontal. There is some
potential to extend this zone in the dip component as well as along
strike to the west.
- New mineralized zones were also intersected during the course of this
program, including drill hole 53-1796, which assayed 0.93 ounce of gold per ton over a core
length of 4.7 feet. Three additional new zones were intersected in drill
hole 53-1824, including:
- 2.48 ounces of gold per ton over a core length of one foot;
- 7.79 ounces of gold per ton over a core length of one foot;
- 0.25 ounce of gold per ton over a core length of 7.5 feet.
New mineralized zones intersected in drill hole 53-1738 assayed 0.74 ounce of gold per ton over a core length of 9.3 feet and drill hole 53-1791 assayed 1.81 ounces of gold per ton over a core length of one foot. Additional close-spaced drilling will be required to further determine the geometry of these new zones.
Most of the drill holes detailed in this release intersected the New South zone as well. These intersections are outlined in the tables; however, the intersections are, for the most part, within existing resource areas and should be considered as being "definition" intersections and will have minimal impact on year-end resource calculations.
Kirkland Lake Gold currently has nine exploration drills working on the landholdings, including three surface and six underground drills. Exploration footage completed to date is 128,000 feet compared with 58,000 feet during the same period last year.
The figures referred to in this release may be viewed at the company's website, and will provide context to the above statements. Figure 1 is a general plan view showing new intersections detailed in this release. Figure 2 is detailed plan view showing intersections on the Lower D North. Figure 3 is a detailed plan view showing intersections on the New South footwall zone.
LATEST DRILLING RESULTS ON THE
LOWER D NORTH ZONE (IMPERIAL VALUES)
Drill From To Assay
hole No. (feet) (feet) (oz/t/foot)
53-1521 983.5 990.0 0.12/6.5' CL=TW
not calculated
53-1575 400.7 402.0 0.40/1.3' CL=TW
not calculated
- - No significant
values
53-1675 596.0 597.0 5.00/1.0' CL=
0.6' TW, VG
1,073.0 1,087.2 0.03/14.2' CL= TW
not calculated
53-1676 939.8 940.6 0.43/1.0' CL=1.0'
TW
53-1677 936.4 937.4 0.24/1.0' CL=TW
not calculated
53-1738 425.5 430.0 0.65/4.5' CL=3.3'
TW
818.8 828.1 0.74/9.3' CL=??'
TW
Incl. 825.3 826.9 1.35/1.6' CL=??'
TW
896.8 904.7 0.30/7.9'
CL=5.8' TW
903.0 904.7 0.67/1.7'
CL=1.3' TW
53-1741 434.4 439.2 1.17/4.8' CL=3.5'
TW
Incl. 437.2 439.2 2.36/2.0'
CL=1.5' TW, VG
1,015.7 1,018.9 0.03/3.2' CL= TW
not calculated
53-1791 968.1 969.1 1.81/1.0' CL=??'
TW
994.6 1,001.8 0.33/7.2'
CL=5.4' TW
53-1792 1,020.4 1,025.3 0.03/4.0' CL=TW
not calculated
53-1936 No significant
values
53-1937 948.7 954.5 1.21/5.8' CL=5.5'
TW
Incl. 951.5 954.5 1.63/3.0'
CL=2.8' TW
53-1892 532.7 539.2 1.00/6.5' CL=??'
TW
1,151.9 1,158.3 1.93/6.4'
CL=4.5' TW, uncut
1.73/6.4'
CL=4.5' TW,
cut(ii)
Incl. 1,151.9 1,153.6 4.27/1.7'
CL=1.2' TW, VG
And 1,157.3 1,158.3 3.00/1.0' CL=0.7'
TW, VG
TW: true width; CL: core length; VG: visible
gold; Tell: tellurides; (i) cut: cut to 7.2
ounces of gold per ton; HW: hangingwall; (ii)
cut: cut to 3.5 ounces of gold per ton; ?? TW:
unknown true width
LATEST DRILLING RESULTS ON THE NEW
SOUTHEAST FOOTWALL ZONE (IMPERIAL VALUES)
Drill From To Assay
hole No. (feet) (feet) (oz/t/foot)
53-1796 750.3 755.0 0.93/4.7' CL=??'
TW
Incl. 750.3 751.3 2.02/1.0' CL=??'
TW
And 751.3 753.0 1.09/1.7' CL=??'
TW
808.7 811.7 5.64/3.0'
CL=2.8' TW, uncut
2.59/3.0'
CL=2.8' TW,
cut(ii)
Incl. 808.7 809.7 6.69/1.0'
CL=0.9' TW, Tell
And 809.7 810.7 9.46/1.0'
CL=0.9' TW, Tell
53-1797 655.0 664.0 0.21/9.0' CL=6.9'
TW
787.8 788.8 8.55/1.0'
CL=0.9' TW, uncut
3.50/1.0'
CL=0.9' TW,
cut(ii)
53-1679 No significant
values
53-1684 508.5 519.5 1.22/11.0'
CL=8.7' TW, uncut
0.83/11.0'
CL=8.7' TW,
cut(i)
Incl. 518.5 519.5 11.58/1.0'
CL=0.8' TW, VG,
Tell
770.7 771.7 0.98/1.0'
CL=1.0' TW
53-1824 524.0 525.8 1.54/1.8' CL=3.0'
TW
909.0 910.0 2.48/1.0' CL=??'
TW
1,078.0 1,079.0 7.79/1.0' CL=??'
TW
1,157.5 1,164.7 0.25/7.2' CL=??'
TW
No significant
values
53-1685 No significant
values
53-1690 Assays pending
53-1524 No significant
assays
TW: true width; CL: core length; VG: visible
gold; Tell: tellurides; (i) cut: cut to 7.2
ounces of gold per ton; HW: hangingwall; (ii)
cut: cut to 3.5 ounces of gold per ton; ??
TW: unknown true width
LATEST DRILLING RESULTS ON THE LOWER D
NORTH ZONE (METRIC VALUES)
Drill From To Assay
hole No. (m) (m) (g/t/m)
53-1521 299.8 301.8 4.11/2.0m CL=TW
not calculated
53-1575 122.1 122.5 13.7/0.4m CL=TW
not calculated
- - No significant
values
53-1675 181.7 182.0 171.43/0.3m
CL=0.2m TW
327.1 331.4 1.03/4.3m CL= TW
not calculated
53-1676 286.5 286.7 14.72/0.2m
CL=0.3m TW
53-1677 285.4 285.7 8.23/0.3m CL=TW
not calculated
53-1738 129.7 131.1 22.29/1.4m
CL=1.0m TW
249.6 252.4 25.37/2.8m
CL=??m TW
Incl. 251.6 252.0 47.31/0.4m
CL=??m TW
273.3 275.6 10.29/2.3m
CL=1.8m TW
Incl. 275.2 275.6 22.97/0.4m
CL=0.4m TW
53-1741 132.4 133.9 40.11/1.5m
CL=1.1m TW
Incl. 133.3 133.9 80.91/0.6m
CL=0.5m TW, VG
309.6 310.6 1.03/1.0m CL= TW
not calculated
53-1791 295.1 295.4 62.06/0.3m CL=??m
TW
303.1 305.3 11.31/2.2m
CL=1.6m TW
53-1792 311.0 312.5 1.03/1.5m CL=TW
not calculated
53-1936 No significant
values
53-1937 289.2 290.9 41.49/1.7m
CL=1.7m TW
Incl. 290.0 290.9 55.89/0.9m
CL=0.9m TW
53-1892 162.4 164.3 34.29/1.9m CL=??m
TW
351.1 353.0 66.17/1.9m
CL=1.4m TW, uncut
59.31/1.9m
CL=1.4m TW,
cut(ii)
Incl. 351.1 351.6 146.40/0.5m
CL=0.4m TW, VG
And 352.7 353.0 102.86/0.3m
CL=0.2m TW, VG
TW: true width; CL: core length; VG: visible gold;
Tell: tellurides; (i) cut: cut to 7.2 ounces of
gold per ton; HW: hangingwall; (ii) cut: cut to
3.5 ounces of gold per ton; ?? TW: unknown true
width
LATEST DRILLING RESULTS ON THE NEW
SOUTHEAST FOOTWALL ZONE (METRIC VALUES)
Drill From To Assay
hole No. (m) (m) (g/t/m)
53-1796 228.7 230.1 31.89/1.4m CL=??m
TW
Incl. 228.7 229.0 69.26/0.3m
CL=??m TW
And 229.0 229.5 37.37/0.5m
CL=??m TW
246.5 247.4 193.37/0.9m
CL=0.9m TW, uncut
88.80/0.9m
CL=0.9m TW,
cut(ii)
Incl. 246.5 246.8 229.37/0.3m
CL=0.3m TW, Tell
And 246.8 247.1 324.35/0.3m
CL=0.3m TW, Tell
53-1797 199.6 202.4 7.20/2.8m CL=2.1m
TW
240.1 240.4 293.15/0.3m
CL=0.3m TW, uncut
120.00/0.3m
CL=0.3m TW,
cut(ii)
53-1679 No significant
values
53-1684 155.0 158.3 41.83/3.3m
CL=2.7m TW, uncut
28.46/3.3m
CL=2.7m TW,
cut(i)
Incl. 158.0 158.3 397.03/0.3m
CL=0.2m TW, VG
234.9 235.2 33.60/0.3m
CL=0.3m TW
53-1824 159.7 160.3 52.80/0.6m
CL=0.9m TW
277.1 277.4 85.03/0.3m
CL=??m TW
328.6 328.9 267.09/0.3m
CL=??m TW
352.8 355.0 8.57/2.2m CL=??m
TW
No significant
values
53-1685 No significant
values
53-1690 Assays pending
53-1524 No significant
assays
TW: true width; CL: core length; VG: visible
gold; Tell: tellurides; (i) cut: cut to 7.2
ounces of gold per ton; HW: hangingwall; (ii)
cut: cut to 3.5 ounces of gold per ton; ?? TW:
unknown true width
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 (which includes a qualified person, Michael Carmichael, PGeo, the company's chief exploration geologist, for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators). Mr. Carmichael also supervised the preparation of the information that forms the basis of the technical disclosure in this release.
We seek Safe Harbor.
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