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Kirkland Lake Gold Ltd
Symbol C : KL
Shares Issued 210,189,007
Close 2019-09-13 C$ 56.29
Recent Sedar Documents

Kirkland Lake drills 3.3 m of 108.2 g/t Au at Macassa

2019-09-16 06:53 ET - News Release

Mr. Tony Makuch reports

KIRKLAND LAKE GOLD INTERSECTS NEW HIGH-GRADE MINERALIZATION EAST AND WEST OF MACASSA SOUTH MINE COMPLEX AND ALONG AMALGAMATED BREAK

Kirkland Lake Gold Ltd. has released new drill results from underground exploration drilling at the Macassa mine in Kirkland Lake, Ont. The new results include 71 drill holes (29,207 metres) of drilling from the east and west exploration drifts on the 5,300-foot level as well as from the 5600 level ramp development. Results being reported today are from four underground drill rigs focused on three key target areas, the SMC East, SMC West and the Amalgamated break. Drilling from the 5300 level and 5600 ramp will continue throughout the remainder of 2019, with an additional two drill rigs having recently been added to the exploration program.

A total of 41 drill holes for 18,943 m drilled to the east of the SMC from the 5300 level east exploration drift intersected high-grade mineralization approximately 200 m northeast of the existing mineral resource. A total of 16 drill holes for 6,401 m of drilling were completed from the 5300 level west exploration drift targeting zones west of the SMC as well as in the lower SMC. Results from this drilling include high-grade intersections up to 275 m west of existing mineral resources and 25 m farther west of high-grade intersections reported in the company's news release dated May 2, 2019. An additional 14 drill holes for 3,863 m of drilling were completed from the 5300 level west exploration drift and the 5600 ramp targeting the Amalgamated break and associated hangingwall mineralization. This drilling resulted in new high-grade intersections up to 175 m west of existing SMC mineral resources and within previously identified high-potential target areas along the Amalgamated break (see news release dated May 2, 2019, for more information).

Tony Makuch, president and chief executive officer of Kirkland Lake Gold, commented: "Today's results continue to highlight the significant potential we have to grow mineral resources at Macassa to the east and west of the SMC, as well as in the lower SMC. Very importantly, today's results also include new high-grade intersections along the Amalgamated break, in two key target areas we identified earlier this year. The results support our view that the Amalgamated break offers substantial exploration potential and represents a whole new chapter for exploration in the area, given that it extends parallel to the Main and 04 breaks through the Kirkland Lake gold camp. We will follow up on today's results over the balance of this year and look to expand our exploration efforts along the Amalgamated break going forward."

SMC East

A total of 41 drill holes for 18,943 m of drilling has recently been completed from the 5300 level east exploration drift targeting the SMC East. The SMC East comprises a shallow-dipping (about 30 degrees) mineralized horizon including localized high-grade gold-bearing quartz veins and/or structural features. Exploration drilling intersected high-grade gold mineralization approximately 200 m northeast of the current resource area, further supporting the potential for resource growth. Key intersections from the new drill results include: 111.8 grams per tonne gold over 2.1 m true width in hole 53-3790 (SMC East), 53.0 g/t over 2.1 m true width in hole 53-3853 (SMC East), 49.2 g/t over 2.0 m core length in hole 53-3818 (Footwall zone, true width unknown). Refer to the associated table for a complete list of drill hole results. Diamond drilling from this current drill platform has been continuing since the first quarter of 2019 and will continue through the end of the year. Exploration development will be continuing to the east on 5300 level for the remainder of 2019 and will continue into 2020 to support further exploration efforts on the SMC East and other targets.

SMC West

A total of 16 drill holes for 6,401 m of drilling has recently been completed from the 5300 level west exploration drift targeting the SMC West. Results from this drilling include high-grade intersections up to 275 m west of existing mineral resources and 25 m farther west of high-grade intersections reported in the company's news release dated May 2, 2019. The SMC West comprises shallow and steep-dipping mineralized zones including localized high-grade gold-bearing quartz veins and/or structural features. As drilling continues to extend the mineralized area farther west and away from the current mineral resource, follow-up infill drilling will be required to confirm the geometry of individual zones. As such, true widths have not yet been calculated for assay composites during this phase of the drill program. Drill holes of note in this area include: 46.5 g/t over 2.0 m core length in hole 53-3784 (true width unknown), 24.4 g/t over 2.0 m core length in hole 53-3781 (true width unknown) and 17.7 g/t over 2.2 m core length in hole 53-3752 (true width unknown). Refer to the associated table for a completed list of drill hole results. Exploration development during the first half of 2019, as well as the excavation of a diamond drill bay an additional 165 m west of the current platform in early third quarter, will allow for additional exploration drilling on SMC West targets during the second half of the year.

Amalgamated break and hangingwall

A total of 14 holes for 3,863 m of drilling is being reported from drilling off of the 5300 level west exploration drift and the 5600 ramp targeting the Amalgamated break and South SMC. This early-stage drilling program is focused on mineralization associated with the steeply dipping Amalgamated break deformation zone. The current phase of the exploration drilling program has been successful in intersecting additional high-grade mineralization within the deformation zone, as well as in localized zones outside of the main deformation zone. Drill holes of note in this area include: 108.2 g/t over 3.3 m core length in hole 56-735A (true width unknown), 51.3 g/t over 2.0 m core length in hole 56-749 (true width unknown) and 20.1 g/t over 5.4 m core length in hole 53-3839 (true width unknown). The shallow-dipping SMC is bounded to the south by the Amalgamated break and the area drilled during this phase occurs where the shallow-dipping SMC transitions into the Amalgamated break. Further drilling and interpretation work are necessary to confirm geometries of individual intercepts. Refer to the associated table for a completed list of drill hole results. The Amalgamated break has been largely untested and represents an important emerging exploration target which remains open and represents a highly prospective target area for the addition of new mineral resource ounces. Drilling to follow up on the downdip and eastern and western extent of this mineralization will continue throughout 2019.

2019 underground exploration development

Underground development on the 5300 level will be continuing throughout 2019 and is scheduled to include 350 m of advancement to the east and 429 m of advancement to the west, including all track development and the excavation of diamond drill bays. This development is part of a continuing effort to expand the SMC in all directions and to test for, and define, new target areas.

Two more drills have recently been added to the underground exploration program at Macassa to expedite the current drilling program and test additional areas of the SMC and Amalgamated break. It is anticipated that exploration drilling will continue with six underground diamond drills for the remainder of the year.

Qualified person

The company's exploration programs at Macassa are conducted under the supervision of Eric Kallio, PGeo, senior vice-president, exploration. Mr. Kallio is the qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and has reviewed and approved the scientific and technical information in this news release.

Quality assurance/quality control

The company has implemented a quality assurance and control (QA/QC) program to ensure sampling and analysis of all exploration work is 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.

About Kirkland Lake Gold Ltd.

Kirkland Lake is a growing gold producer operating in Canada and Australia that produced 723,701 ounces in 2018 and is on track to achieve significant production growth over the next three years, including target production of 920,000 to one million ounces in 2019, 930,000 to 1.01 million ounces in 2020 and 995,000 to 1,055,000 ounces in 2021. The production profile of the company is anchored by two high-grade, low-cost operations, including the Macassa mine, located in Northern Ontario, and the Fosterville mine, located in the state of Victoria, Australia.

                   COMPLETE LIST OF REPORTED DRILL HOLES -- SMC EAST 
 
Drill hole                                   Core interval           Results                   
               Hole length        From          To  Length      Au    Capped    True width
                       (m)         (m)         (m)     (m)   (g/t)                     (m)

53-3624                564       273.1       275.1     2.0     4.1                     1.8
53-3625                546       482.3       484.3     2.0     4.2
including                        482.8       483.3     0.5    16.3
53-3626                358       265.0       267.0     2.0    15.2                     2.0
including                        265.5       266.9     1.4    21.4                     1.4
and                              317.1       319.1     2.0     8.7
including                        318.4       318.7     0.3    56.8
53-3627                472                                                             NSV
and                              425.2       427.2     2.0     5.7
including                        425.8       426.3     0.5    24.7
53-3629                472       263.0       265.0     2.0     9.5                     1.9
including                        264.0       264.6     0.6    30.7                     0.6
and                              467.9       469.9     2.0     3.0
53-3738                549       274.8       278.9     4.1    18.5                     4.1
including                        275.1       276.4     1.2    53.0                     1.2
53-3739                564                                                             NSV
53-3740                533                                                             NSV
and                              453.2       455.2     2.0     4.4
including                        454.4       454.8     0.3    23.6
53-3741                655       269.7       271.7     2.0     4.1                     2.0
including                        270.1       270.5     0.5    17.2                     0.5
and                              272.9       274.9     2.0    48.8                     2.0
including                        274.1       274.9     0.9   114.9                     0.9
and                              583.5       585.5     2.0     9.5
including                        583.7       584.1     0.5    39.6
53-3742                610       295.0       297.3     2.3     6.1                     2.3
53-3743                844                                                             NSV
53-3790                442       248.8       251.0     2.2   111.8     102.8           2.1
including                        249.1       249.8     0.7   303.1     274.3           0.6
and                              263.2       265.2     2.0    75.9      42.7           1.9
including                        263.3       263.6     0.3   493.4     274.3           0.3
53-3791                441       276.4       278.9     2.5     6.9                     2.4
and                              282.3       284.4     2.1     6.5                     2.0
including                        282.3       283.1     0.8    15.2                     0.7
53-3792                437       259.0       262.2     3.2    11.6                     3.1
and                              271.0       273.0     2.0     4.4                     1.9
and                              315.2       317.2     2.0     4.2
including                        316.2       316.7     0.5    17.6
53-3793                                                        hole recollared -- 53-3793A
53-3793A               396       309.9       311.9     2.0    41.0                     1.8
including                        310.3       310.9     0.6   112.7                     0.5
and                              348.2       350.5     2.3    12.7
53-3800                442       319.5       321.7     2.2    19.8                     2.2
including                        321.3       321.7     0.4    71.5                     0.4
53-3801                457       299.9       301.9     2.0     8.2                     2.0
including                        300.4       301.5     1.0    15.1                     1.0
and                              376.9       379.5     2.6     4.7
53-3802                457       284.7       286.7     2.0    20.8                     1.9
including                        284.7       285.1     0.5    84.2                     0.4
and                              289.3       291.4     2.1   170.7      63.0           2.0
including                        289.3       289.7     0.5   777.0     274.3           0.4
and                              295.4       297.5     2.1     6.2                     2.0
including                        295.8       296.3     0.5    24.8                     0.4
and                              301.4       304.6     3.2     5.5                     3.1
53-3809                366       329.8       333.9     4.1     7.8                     3.9
53-3810                381                                                             NSV
53-3811                410                                                             NSV
53-3812                411       301.4       303.7     2.3    59.3                     2.3
including                        301.4       301.8     0.3    94.5                     0.3
including                        302.6       303.0     0.3   244.9                     0.3
53-3813                396       282.1       284.1     2.0     3.2                     1.9
and                              293.3       295.4     2.0     4.3                     1.9
including                        293.5       294.0     0.5    16.0                     0.4
and                              331.0       333.1     2.1     4.3
53-3814                411       111.1       113.1     2.0    39.5
including                        111.2       111.6     0.4   198.9
and                              264.7       266.7     2.0     8.0                     1.9
including                        265.8       266.4     0.6    23.3                     0.6
53-3815                366       275.7       277.7     2.0     8.0                     1.9
including                        275.8       276.2     0.4    36.2                     0.4
and                              303.0       305.1     2.0    20.2                     1.9
53-3816                381       310.8       312.8     2.0    12.4                     1.8
including                        310.8       311.5     0.7    33.8                     0.6
53-3817                366       301.1       303.3     2.2     4.6                     2.0
including                        301.1       301.4     0.3    26.2                     0.3
and                              306.6       308.8     2.1    10.8                     1.9
including                        307.5       307.9     0.4    41.5                     0.3
53-3818                610                                                             NSV
and                              382.0       384.0     2.0    49.2
including                        382.8       384.0     1.2    80.3
and                              426.8       428.9     2.0     9.0
including                        427.2       427.6     0.5    34.9
53-3819                594       259.4       261.4     2.0    13.7                     1.8
including                        260.0       260.6     0.6    43.9                     0.5
53-3820                573                                                             NSV
53-3830                396       277.1       279.1     2.0     7.6                     2.0
including                        277.4       278.0     0.5    22.9                     0.5
and                              354.2       356.6     2.4     4.8
53-3831                366       285.3       287.3     2.0    10.9                     2.0
including                        286.8       287.3     0.5    39.4                     0.5
53-3832                366       327.8       329.8     2.0    27.8                     1.9
including                        328.3       328.8     0.5   120.2                     0.4
53-3833                366                                                             NSV
53-3834                381       282.7       284.7     2.0    71.8                     1.9
including                        283.3       284.0     0.6   235.8                     0.6
and                              310.2       312.2     2.0     8.4                     1.9
including                        310.7       311.6     0.8    16.4                     0.8
53-3847                457                                                             NSV
and                              375.0       377.0     2.0     5.9
including                        375.3       375.8     0.5    23.5
53-3848                472                                                             NSV
53-3851                427       297.3       300.4     3.1    10.5                     3.0
including                        297.3       297.8     0.5    21.1                     0.4
including                        298.9       299.2     0.3    20.7                     0.3
including                        300.1       300.4     0.3    38.2                     0.3
53-3852                457       325.6       327.6     2.0    11.2                     1.8
including                        326.0       326.3     0.3    72.7                     0.3
53-3853                381       314.1       316.1     2.0     5.3                     1.8
including                        314.6       315.0     0.5    13.4                     0.4
and                              322.6       325.0     2.4    53.0      40.7           2.1
including                        324.7       325.0     0.3   370.0     274.3           0.3
53-3854                381       312.3       314.9     2.6     8.7                     2.4
including                        313.8       314.2     0.5    34.1                     0.4
and                              322.0       324.0     2.0     6.3                     1.9
including                        323.4       324.0     0.6    15.8                     0.6
and                              329.8       331.9     2.1    39.0                     1.9

NSV: no significant value.
Cut: cut to 274.3 g/t for SMC East horizon.
The top cut only applies to SMC East horizon where a statistical cut has been 
calculated. All other zones remain uncut.

            COMPLETE LIST OF REPORTED DRILL HOLES -- SMC WEST AND AMALGAMATED BREAK
 
Drill hole                                                     Core interval         Results
                  Hole depth            From              To          Length              Au
                         (m)             (m)             (m)             (m)           (g/t)

53-3752                  594            46.2            48.2             2.0             4.9
and                                    198.3           200.5             2.2            17.7
and                                    363.9           365.9             2.0             6.3
including                              363.9           365.3             1.4             9.1
53-3753                  518           132.6           134.9             2.3             4.4
and                                    289.4           291.7             2.3             3.6
and                                    475.5           477.9             2.4             6.6
53-3754                  503            31.6            33.6             2.0             3.0
and                                    362.3           364.6             2.3             9.1
including                              362.3           363.1             0.8            22.4
and                                    445.5           447.5             2.0            16.3
including                              446.0           446.7             0.7            45.4
and                                    474.6           476.6             2.0            15.8
including                              475.6           476.6             0.9            32.7
53-3756                  472           291.3           293.3             2.0             4.1
53-3781                  457           295.8           297.8             2.0            24.4
including                              296.3           296.7             0.5           106.3
53-3782                  457           112.9           115.3             2.4             6.5
53-3783                  427                                                             NSV
53-3784                  457           365.4           367.4             2.0            46.5
including                              366.4           366.8             0.4           233.7
53-3785                  457           305.7           307.8             2.1             4.0
53-3786                  457           120.2           122.2             2.0             7.1
including                              121.3           121.7             0.4            34.9
53-3787                  457           261.5           264.3             2.7            25.6
53-3788                                 86.5            88.5             2.0             4.4
53-3821                  146                                                             NSV
53-3822                  152                                                             NSV
53-3823                  183                                                             NSV
53-3824                  183           115.4           118.1             2.7             6.2
56-734                   328           157.4           159.4             2.0             4.1
and                                    189.0           191.0             2.0             4.7
including                              189.0           189.4             0.4            23.8
57-685                   168            80.1            82.1             2.0             5.2
57-686A                  137            73.0            76.9             3.9            17.7
including                               73.0            73.8             0.8            78.5
53-3837                  282           201.6           223.4            21.9             9.9
including                              210.0           221.2            11.2            14.8
including                              214.3           218.1             3.8            25.0
53-3838                  274           200.6           203.0             2.4             4.0
53-3839                  251           183.9           189.3             5.4            20.1
53-3840                  236                                                             NSV
53-3841                  251           197.3           199.9             2.7             5.5
53-3842                  198                                                             NSV
56-734                   328                                                             NSV
56-735                   297                                      hole recollared -- 56-735A
56-735A                  297           239.6           241.6             2.0             8.3
including                              239.6           240.5             0.9            16.5
and                                    248.8           252.1             3.3           108.2
including                              248.8           249.2             0.4           746.8
56-736                   297           200.4           204.5             4.1             4.8
56-739                   351                                                             NSV
56-740                   396                                                             NSV
56-742                   396           192.2           194.2             2.0             6.9
including                              192.2           192.8             0.6            19.8
and                                    291.1           293.1             2.0            10.2
including                              291.1           292.0             0.9            22.4
56-749                   396           249.3           251.3             2.0            51.3
including                              249.6           249.9             0.3           331.7

We seek Safe Harbor.

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