Kirkland Lake Returns ‘Significant Intersections’ at Macassa Mine Complex

- February 23rd, 2015

Kirkland Lake Gold Inc. (TSX:KGI,LSE:KGI) released an update on underground exploration drilling at the ’04-Break at its Macassa Mine Complex. “[S]ignificant intersections” were returned at the highest elevation at the location to date.

Kirkland Lake Gold Inc. (TSX:KGI,LSE:KGI) released an update on underground exploration drilling at the ’04-Break at its Macassa Mine Complex. “[S]ignificant intersections” were returned at the highest elevation at the location to date.

As quoted in the press release:

  • This intersection occurred at the -2967 elevation and on the west side of the Tergren cross fault (’04 West’).
    • Drill hole 34-666 returned 5.26 ounces per ton (‘opt’) uncut (180.34 grams per tonne (‘g/t’)) or 2.53 opt cut (86.74 g/t) over 6.2 feet (1.9 metres) or 2.4 feet (0.7 metres) true width.
  • This intersection occurred at the -2890 elevation, highest to date in the Macassa Mine on the ’04 and east of the Tegren cross fault (’04 East’).
    • Drill hole 34-668 returned 0.80 opt (27.43 g/t) over a core length of 7.9 feet (2.4 metres) or 4.4 feet (1.3 metres) true width.

George Ogilvie, president and CEO of Kirkland Lake, commented:

We are very happy to report exploration success on the ’04 Break mineralization. The drilling has identified mineralization on the highest level in the mine to date, and remains open further to the east.

We will continue to follow up on this target, as well as expanding the known mineralization at the South Mine Complex to the south. We have four other past producing dormant mines which have seen little to no exploratory work, and we believe warrant testing in the coming years.

The Company currently has a 14 year mine life based on the current level of resources and reserves, and with continued exploration success, we plan to be mining here for many years to come.

Click here to read the full Kirkland Lake Gold Inc. (TSX:KGI,LSE:KGI) press release.

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