Kirkland Lake Gold Intersects Exceptional Gold Grades at Macassa Near Contact of South Mine Complex and Amalgamated Break

 
  •   Drilling   to test south margin of South Mine   C   omplex ("SMC")   intersects high-grade mineralization   outside of current Mineral Reserves   near contact with Amalgamated Break  
  •  
         
  ο Key intercept: 253.7 gpt over 14.5 metres ("m") core length (SMC) 1
   101.1 gpt over 4.1 m core length (SMC), previously unreported
   100.1 gpt over 2.0 m core length (SMC), previously unreported
 
  •   Drilling on   Lower SMC ("LSMC")   confirms and expands mineralization   along west margin of current   Mineral R   esource  
  •  
            
  ο  Key intercepts: 103.3 gpt over 2.4 m core length (LSMC)
   58.9 gpt over 2.2 m core length (LSMC)
   49.5 gpt over 4.3 m core length (LSMC)
   41.2 gpt over 2.0 m core length (LSMC)
 
  •   Drilling on Amalgamated   Zone   intersects high grades with infill and expansion drilling   near current west limit of   Mineral Resource  
  •  
            
  ο Key intercepts: 210.4 gpt over 8.2 m core length (Amalgamated)
   52.9 gpt over 2.0 m core length (Amalgamated)
   48.2 gpt over 2.0 m core length (Amalgamated)
   35.4 gpt over 2.0 m core length (Amalgamated)
 

 
1. True widths o   f   drill results being reported are not known at this time   .  

 

Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the " Company ") (TSX:KL) (NYSE:KL) (ASX:KLA) today reported new drill results from 135 holes (47,683 m) of underground exploration drilling from the Macassa Mine in Kirkland Lake, Ontario. Holes in the program were completed from platforms located on the 5300, 5600 and 5700 levels and designed mainly to confirm and extend resources within the SMC, LSMC and Amalgamated zones. Resources within the Amalgamated Zone consist of a series of mineralized lenses first identified by drilling in 2019 which are located on the south side of the SMC and adjacent to the Amalgamated Break.

 

Tony Makuch, President and CEO of Kirkland Lake Gold, commented: "Today's results are encouraging as they support our view that there is substantial exploration potential in areas where the dip of the SMC approaches the contact with mineralized zones stacked vertically along the Amalgamated Break. These are separate areas of gold mineralization coming together, which is very interesting, and what we are seeing are some extremely high-grade intersections. The results today also continue to expand the mineralization at depth in the LSMC and identify new areas of high-grade mineralization along the Amalgamated Break, further increasing our confidence that there are new Mineral Reserves to be discovered as we drill along the Break through the Kirkland Lake camp. The new intersections being reported around the SMC and along the Amalgamated Break complement the results we issued in April that identified a large corridor of high-grade mineralization in close proximity to the #4 Shaft location, located at depth along the Main Break below the former mine workings on the Kirkland Minerals property. In combination, our drilling at Macassa this year has been successful in all three key areas of our exploration program: continuing to grow and expand the SMC, confirming the considerable exploration potential of the Amalgamated Break and demonstrating that there are significant ounces yet to be discovered, and mine life to be added, along the historic Main/'04 Break."

 

One of the holes (427 m) completed during the program (57-992) was collared in a platform on the north side of the 5700 Level and drilled in a southwesterly direction to test the margin of the SMC (see Figures 1 and 2). The hole was highly successful intersecting 253   .7   gpt   over 14.   5   m   ,   including   1,572.9   gpt   over 0.6 m, 1,3   1   3.5   gpt   over 0.3 m   and 1,   265.1   gpt   over 0.   6   m near the planned target location and slightly below the current Mineral Reserve for the SMC. The new intercept is also located between 9 and 39 m west of three previously unreported intercepts from the SMC including 101.1   gpt   over 4.1 m   from   57-704   ,   100.1   gpt   over 2.0 m   from   57-689 and 37.   7   gpt   over 3.6 m   from   57-703 , as well as four additional high-grade intercepts located immediately north of the Amalgamated Break. One of these four Amalgamated Zone intercepts is a new result and included 68.2   gpt   over 2.3 m   from   53-3053   , while the other three intercepts had been previously reported (see press release dated May 2, 2019) and included 429.1   gpt   over 3.3 m from 57-704, 164.8   gpt   over 3.0 m from 57-689 and 26.7   gpt   over 2.0 m from 57-703 . Current interpretations for this part of the mine suggest that the new and previously unreported intercepts occur where the shallow southward dipping SMC begins to intersect steeply north dipping zones adjacent to the Amalgamated Break resulting in a broad zone of alteration containing multiple high-grade structures containing between 1 and 5% pyrite and local visible gold. Due to the complexity of mineralization in the vicinity of new intercept, the true width cannot be definitively established at this time, but is estimated to be between 5 and 10 m. The area to the west and to depth of the new intersection remains open for testing for at least another 25 to 30 m.

 

A total of 54 of the new holes (22,204 m) of drilling from the new program were drilled northwards from platforms on the 5300 and 5700 levels and were designed to infill and expand inferred Mineral Resources near the west limit of the LSMC (Figure 3). Key intercepts from the drilling include 33.3   gpt   over 2.0 m   , including 177.6   gpt   over 0.4 m   ,   from   53-4114   , 32.1   gpt   over 2.0 m, 22.0   gpt   over 3.2 m and 20.2   gpt   over 2.0 m from 53-4116A,   31.8   gpt   over 2.0 m from 53-412   0   , 24.6   gpt   over 2.1 m from 53-4118,   and   19.3   gpt   over 3.2 m and 22.8   gpt   over 2.0 m from 53-4162   , which are from holes targeting inferred Mineral Resources and untested gaps in drill information on the upper west side of the LSMC. Additional key intercepts from this area include 103.3   gpt   over 2.4 m   , including 542.0   gpt   over 0.3 m   ,   from 57-903   ,   58.9   gpt   over 2.2 m from 57-879   ,   49.5   gpt   over 4.3   m   , including 164.9   gpt   over 1.2 m   ,   from hole 57-975   and 41.2   gpt   over 2.0 m   and 38.0   gpt   over 2.1 m from 57-976   . These intersections are from holes designed to infill and expand inferred Mineral Resources on the lower west portion of the LSMC structure. Considering the results achieved and the fact that the area immediately to the west of the new holes remains largely untested, the potential to add new Mineral Resources with further drilling is considered excellent.

 

An additional 80 holes (47,688 m) of drilling from the new program were drilled southwards from platforms on the 5300, 5600 and 5700 levels to confirm and expand current inferred Mineral Resources within the Amalgamated Zone near the current west limit on the 5300 Level (Figure 4). Significant results from the drilling include 11.0   gpt   over 2.4 m from 53-4040   , which was drilled near the top of the current Mineral Resource, as well as 210.4   gpt   over 8.2 m, including 463.0   gpt   over 3.7 m   ,   from 53-4033, 52.9   gpt   over 2.0 m, including 172.3   gpt   over 0.6 m   ,   from 53-4041 and 35.4   gpt   over 2.0 m from 53-4045   , which were drilled 50 to 60 m up dip.

 

Additional significant results include 48.2   gpt   over 2.0 m, including 317.6   gpt   over 0.3 m   ,   from 57-900, 20.2   gpt   over 2.1   m from 57-902, 13.5   gpt   over 3.0 m from 57-895   and 13.2   gpt   over   2.0 m from   57-975   , which were drilled mainly to infill an untested gap in the east part of the current inferred Mineral Resource, as well as 8.3   gpt   over 9.0 m from 56-777, 14.4   gpt   over 2.4 m from 53-4027 and 12.9   gpt   over 2.0 m from 53-4039   , which were drilled near the west edge of the current Mineral Resource and extending mineralization by another 25 m.

 

Based on the latest results, and the large areas remaining to be tested along strike and dip, the potential to identify new areas of high-grade mineralization along the Amalgamated Break remains excellent.

 

Exploration drilling at Macassa is currently continuing with nine drills underground and one drill on surface. Drilling over the balance of the year will remain focused on testing the SMC and Amalgamated Zones .  

 

   Qualified Person   

 

The Company's exploration programs at Macassa are conducted under the supervision of Eric Kallio, P.Geo., Senior Vice President, Exploration. Eric 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.

 

   QA/QC Controls   

 

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, Ontario. 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 re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples and additional checks may be run on anomalous values.

 

   About Kirkland Lake Gold Ltd.   

 

Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 974,615 ounces in 2019. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.

 

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website   www.klgold.com   .

 

   Cautionary Note Regarding Forward-Looking Information   

 

This Press Release contains statements which constitute "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company's business, including but not limited to; the continued exploration programs on the SMC and Amalgamated Break mineralization, the timing and results thereof; the ability to continue to expand the SMC and Amalgamated Break and to increase levels of resources and reserves as a result of such exploration programs and the anticipated timing thereof; the potential to increase the level of resources and reserves and potential conversion of mineral resources; the anticipated completion date of the #4 shaft and potential impact and benefits thereof; the amount of future production over any period; the anticipated overall impact of the Company's COVID 19 response plans including measures taken by the Company to reduce the spread of COVID 19; and assumptions made relating to operating cash costs based on forecasts and projections. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, the impact of COVID-19, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2019 and its filings for the quarterly period ended June 30, 2020, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

 

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

 

   Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates   

 

All references to Mineral Resources and Mineral Reserves included in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act.

 

In addition, the terms "Mineral Resource", "measured Mineral Resource", "indicated Mineral Resource" and "Inferred Mineral Resource" are defined in and required to be disclosed by NI 43-101 and the CIM Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of a Mineral Resource exists, will ever be converted into a Mineral Reserve or is or will ever be economically or legally mineable or recovered.

 

  FOR FURTHER INFORMATION PLEASE CONTACT  

 

Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold  

 

Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold  

 

 

 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
  Table 1. New Drill   Holes   – SMC and LSMC   1  
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  53-3053**    Amalgamated    569261    5331243    31    -64    305    253.5    255.8    2.3    68.2  
  53-3961    Amalgamated    568756    5331151    217    -78    320    NSV  
  53-3963A    Amalgamated    568756    5331151    245    -75    314    NSV  
  53-4002    Amalgamated    568758    5331153    171    -51    259    NSV  
  53-4003    Amalgamated    568758    5331152    177    -42    229    NSV  
  53-4004    Amalgamated    568757    5331150    226    -46    198    NSV  
  53-4005    Amalgamated    568756    5331151    223    -74    290    NSV  
  53-4007    Amalgamated    568755    5331151    264    -54    259    NSV  
  53-4026    Amalgamated    568756    5331151    237    -66    207    NSV  
  53-4027    Amalgamated    568757    5331151    218    -71    220    157.3    159.7    2.4    14.4  
  53-4028    Amalgamated    568757    5331151    218    -64    189    NSV  
  53-4029A    Amalgamated    568757    5331151    204    -71    220    NSV  
  53-4030    Amalgamated    568757    5331151    209    -69    207    159.1    161.1    2.0    3.2  
  Including                      160.6    161.1    0.5    13.0  
  53-4030    Amalgamated    568757    5331151    209    -69    207    165.2    171.3    6.1    3.1  
  53-4031    Amalgamated    568757    5331151    206    -66    192    NSV  
  53-4032    Amalgamated    568757    5331151    210    -53    174    NSV  
  53-4033    Amalgamated    568758    5331151    195    -44    213    123.1    131.4    8.2    210.4  
  Including                      124.1    127.7    3.7    463.0  
  53-4037    Amalgamated    568757    5331150    227    -43    183    NSV  
  53-4038    Amalgamated    568757    5331151    214    -53    198    NSV  
  53-4039    Amalgamated    568757    5331151    199    -70    229    150.8    152.9    2.0    12.9  
  Including                      150.8    151.3    0.5    47.8  
  53-4040    Amalgamated    568757    5331150    181    -65    213    163.4    165.8    2.4    11.0  
  Including                      163.4    164.0    0.6    34.5  
  53-4041    Amalgamated    568758    5331150    179    -56    229    76.8    78.8    2.0    52.9  
  Including                      76.8    77.4    0.6    172.3  
  53-4042    Amalgamated    568757    5331150    173    -59    259    NSV  
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  53-4044    Amalgamated    568757    5331151    169    -53    244    167.9  
  53-4045    Amalgamated    568758    5331150    168    -47    229    117.0    119.0    2.0    35.4  
  Including                      118.0    118.6    0.6    102.3  
  53-4046    Amalgamated    568758    5331150    167    -50    244    152.5    154.5    2.0    3.2  
  53-4066    Amalgamated    570026    5331723    27    -67    338    NSV  
  53-4092    Amalgamated    568756    5331151    264    -63    238    NSV  
  53-4093    Amalgamated    568757    5331151    186    -60    198    NSV  
  53-4094    Amalgamated    568757    5331151    180    -49    183    NSV  
  53-4095    Amalgamated    568757    5331151    180    -49    183    NSV  
  53-4096    Amalgamated    568757    5331151    165    -48    213    NSV  
  53-4097    Amalgamated    568757    5331151    163    -51    213    NSV  
  53-4098    Amalgamated    568757    5331151    165    -55    211    NSV  
  53-4126    Amalgamated    568900    5331233    269    0    216    127.1    129.1    2.0    3.2  
  53-4127    Amalgamated    568900    5331233    269    -14    274    NSV  
  56-737    Amalgamated    568729    5331340    202    -30    328    NSV  
  56-743    Amalgamated    568729    5331340    215    -38    335    NSV  
  56-744    Amalgamated    568729    5331340    207    -49    366    NSV  
  56-745    Amalgamated    568729    5331340    200    -37    335    NSV  
  56-747    Amalgamated    568730    5331340    187    -33    366    NSV  
  56-751A    Amalgamated    568732    5331340    178    -28    412    NSV  
  56-752    Amalgamated    568730    5331341    180    -40    412    NSV  
  56-753    Amalgamated    568732    5331340    187    -26    381    NSV  
  56-754    Amalgamated    568733    5331342    183    -14    396    NSV  
  56-755    Amalgamated    568731    5331340    204    -29    305    NSV  
  56-756    Amalgamated    568732    5331340    195    -27    305    NSV  
  56-757    Amalgamated    568729    5331340    190    -38    351    NSV  
  56-759    Amalgamated    568731    5331340    203    4    335    NSV  
  56-760    Amalgamated    568732    5331340    199    -3    335    NSV  
  56-761    Amalgamated    568731    5331340    196    3    351    NSV  
  56-762    Amalgamated    568729    5331340    192    8    351    NSV  
  56-763    Amalgamated    568732    5331340    189    3    351    NSV  
  56-765    Amalgamated    568729    5331340    186    8    380    NSV  
  56-766    Amalgamated    568732    5331340    183    2    381    NSV  
  56-767    Amalgamated    568732    5331340    180    8    396    NSV  
  56-769    Amalgamated    568728    5331341    204    -60    427    NSV  
  56-772    Amalgamated    568731    5331339    206    -23    290    243.8    246.9    3.0    4.0  
  56-773    Amalgamated    568731    5331339    208    -15    290    242.3    246.0    3.7    6.5  
  56-774    Amalgamated    568731    5331339    210    -19    290    243.1    252.7    9.6    4.8  
           
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  56-775    Amalgamated    568728    5331341    212    -22    290    250.2    256.6    6.4    6.5  
  Including                      251.2    252.4    1.2    17.1  
  56-776    Amalgamated    568731    5331339    213    -31    290    NSV  
  56-777    Amalgamated    568731    5331339    214    -18    290    244.1    253.0    9.0    8.3  
  Including                      244.7    246.2    1.5    17.0  
  Including                      252.4    253.0    0.7    23.1  
  56-778    Amalgamated    568731    5331339    219    -23    335    NSV  
  56-779    Amalgamated    568731    5331339    222    -21    290    243.5    245.5    2.0    5.0  
  56-779    Amalgamated    568731    5331339    222    -21    290    251.2    253.2    2.0    6.5  
  56-780A    Amalgamated    568728    5331340    222    -32    305    NSV  
  56-781    Amalgamated    568728    5331340    223    -24    290    249.5    254.2    4.7    5.3  
  57-689*    Amalgamated    569221    5331373    267    -40    277    94.5    97.5    3.0    164.8  
  57-703*    Amalgamated    569221    5331374    273    -46    168    101.3    103.3    2.0    26.7  
  57-704*    Amalgamated    569221    5331374    260    -44    152    79.2    82.6    3.3    429.1  
  57-878    Amalgamated    568934    5331173    25    -65    518    20.4    22.9    2.4    8.9  
  Including                      20.4    21.0    0.5    30.0  
  57-879    Amalgamated    568935    5331174    11    -50    396    16.2    18.3    2.1    3.9  
  57-880    Amalgamated    568934    5331172    11    -60    488    16.5    18.7    2.3    4.8  
  57-892    Amalgamated    568936    5331174    45    -30    375    18.9    20.9    2.0    3.3  
  57-894    Amalgamated    568936    5331174    45    -63    517    21.0    23.1    2.1    3.1  
  57-895    Amalgamated    568936    5331174    52    -58    457    15.2    18.3    3.0    13.5  
  Including                      15.2    16.2    0.9    30.9  
  57-896    Amalgamated    568936    5331174    56    -46    396    17.9    19.9    2.0    3.2  
  57-900    Amalgamated    568935    5331173    357    -52    503    8.4    10.4    2.0    48.2  
  Including                      8.4    8.7    0.3    317.6  
  57-900    Amalgamated    568935    5331173    357    -52    503    16.5    19.2    2.7    5.0  
  Including                      16.8    17.1    0.3    20.7  
  57-901    Amalgamated    568935    5331173    4    -58    488    11.0    13.0    2.0    3.2  
  Including                      11.6    12.2    0.6    10.0  
  57-902    Amalgamated    568935    5331174    9    -54    503    21.3    23.6    2.2    3.0  
  57-902    Amalgamated    568935    5331174    9    -54    503    28.9    31.0    2.1    20.2  
  Including                      29.6    30.4    0.7    56.9  
                                 
  53-4111    Lower SMC    568756    5331152    21    -62    366    NSV  
  53-4112    Lower SMC    568756    5331153    25    -58    351    NSV  
  53-4113    Lower SMC    568756    5331153    29    -54    348    285.4    287.5    2.0    3.9  
  53-4114    Lower SMC    568755    5331153    31    -48    335    264.0    266.0    2.0    33.3  
  Including                      264.5    264.9    0.4    177.6  
  53-4115    Lower SMC    568755    5331153    24    -45    320    264.6    266.6    2.0    4.7  
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  53-4116A    Lower SMC    568755    5331153    21    -41    381    229.5    231.5    2.0    22.0  
  Including                      230.0    230.3    0.3    121.9  
  53-4116A    Lower SMC    568755    5331153    21    -41    381    248.4    250.4    2.0    34.1  
  Including                      249.0    249.6    0.6    110.6  
  53-4116A    Lower SMC    568755    5331153    21    -41    381    259.2    261.2    2.0    20.2  
  Including                      259.8    260.3    0.5    83.9  
  53-4117A    Lower SMC    568756    5331152    33    -65    384    NSV  
  53-4118    Lower SMC    568753    5331154    34    -43    363    255.4    257.5    2.1    24.6  
  53-4119    Lower SMC    568756    5331152    46    -64    396    NSV  
  53-4120    Lower SMC    568753    5331154    41    -47    363    288.2    290.3    2.0    31.8  
  Including                      288.9    289.3    0.4    146.9  
  53-4121A    Lower SMC    568753    5331154    42    -42    351    282.7    284.7    2.0    14.8  
  Including                      283.3    284.2    0.9    31.9  
  53-4122    Lower SMC    568753    5331154    51    -60    412    326.4    328.7    2.2    43.7  
  Including                      327.1    327.4    0.3    229.2  
  53-4123    Lower SMC    568753    5331154    50    -54    409    320.6    323.1    2.4    42.6  
  Including                      321.6    321.9    0.3    142.8  
  53-4160    Lower SMC    568756    5331152    22    -54    354    261.5    263.5    2.0    10.6  
  Including                      263.2    263.5    0.3    56.4  
  53-4160    Lower SMC                   295.4    298.4    3.0    19.6  
  53-4161A    Lower SMC    568756    5331152    22    -49    341    270.6    272.6    2.0    3.9  
  Including          271.3    272.2    0.9    7.6  
  53-4162    Lower SMC    568755    5331153    30    -50    344    279.2    282.4    3.2    19.3  
  Including                      279.2    279.5    0.3    121.5  
  Including                      281.9    282.4    0.5    53.4  
  53-4162    Lower SMC    568755    5331153    30    -50    344    331.6    333.6    2.0    22.8  
  Including                      332.5    333.5    0.9    50.1  
  53-4164    Lower SMC    568755    5331153    24    -43    323    NSV  
  57-745    Lower SMC    568933    5331172    349    -35    412    NSV  
  57-752    Lower SMC    568935    5331173    17    -62    472    NSV  
  57-779    Lower SMC    568936    5331173    357    -59    460    453.2    455.2    2.0    16.5  
  Including                      453.2    454.1    0.8    40.2  
  57-879    Lower SMC    568935    5331174    11    -50    396    340.2    342.4    2.2    58.9  
  Including                      340.2    341.4    1.2    97.8  
  57-880    Lower SMC    568934    5331172    11    -60    488    410.3    412.5    2.2    48.5  
  Including                      411.8    412.5    0.7    152.8  
  57-781    Lower SMC    568934    5331172    358    -67    488    NSV  
  57-790    Lower SMC    568933    5331172    347    -42    427    NSV  
  57-794    Lower SMC    568933    5331173    1    -40    427    NSV  
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  57-795    Lower SMC    568933    5331173    6    -45    412    NSV  
  57-805    Lower SMC    568933    5331172    357    -55    396    NSV  
  57-808A    Lower SMC    568934    5331173    18    -52    396    NSV  
  57-840    Lower SMC    568934    5331172    5    -64    472    NSV  
  57-841    Lower SMC    568934    5331172    5    -62    457    NSV  
  57-842    Lower SMC    568934    5331172    13    -66    488    NSV  
  57-877    Lower SMC    568933    5331172    25    -62    457    NSV  
  57-878    Lower SMC    568934    5331173    25    -65    518    NSV  
  57-894    Lower SMC    568936    5331174    45    -63    517    NSV  
  57-895    Lower SMC    568936    5331174    52    -58    457    NSV  
  57-900    Lower SMC    568935    5331173    357    -52    503    368.8    372.5    3.7    3.9  
  57-901    Lower SMC    568935    5331173    3    -60    488    425.9    427.9    2.0    28.5  
  Including                      426.7    427.3    0.6    88.3  
  57-902    Lower SMC    568935    5331174    9    -54    503    364.3    366.4    2.0    20.7  
  Including                      364.8    365.1    0.3    109.6  
  57-903    Lower SMC    568935    5331173    12    -61    488    412.7    415.1    2.4    103.3  
  Including                      412.7    413.0    0.3    168.3  
  Including                      413.9    414.2    0.3    542.0  
  57-904    Lower SMC    568935    5331173    17    -66    503    456.5    458.5    2.0    15.8  
  Including                      458.1    458.4    0.3    65.7  
  57-905    Lower SMC    568936    5331173    25    -64    503    17.2    19.4    2.2    4.0  
  Including                      17.2    17.5    0.3    11.4  
  57-906    Lower SMC    568935    5331174    25    -61    472    413.5    415.5    2.0    14.6  
  Including                      413.5    414.6    1.1    27.2  
  57-907    Lower SMC    568935    5331173    28    -63    488    NSV  
  57-946    Lower SMC    568935    5331173    23    -65    521    428.5    430.7    2.1    6.0  
  Including                      428.5    428.9    0.3    21.9  
  57-947    Lower SMC    568936    5331173    35    -68    536    449.0    451.0    2.0    8.1  
  57-947    Lower SMC    568936    5331173             454.8    456.9    2.1    22.4  
  Including                      454.8    455.1    0.3    148.6  
  57-948    Lower SMC    568936    5331173    39    -64    503    450.3    452.5    2.2    34.6  
  Including                      450.6    451.0    0.3    182.2  
  57-975    Lower SMC    568936    5331173    26    -61    457    394.1    398.4    4.3    49.5  
  Including                      394.1    395.3    1.2    164.9  
  57-976    Lower SMC    568936    5331174    35    -61    457    405.9    408.0    2.1    38.0  
  Including                      406.2    406.5    0.3    199.7  
           
           
           
  Macassa Exploration 2020  
  Drill Hole  

  Zone  

  COLLARS - UTM NAD 83    Direction       Core Interval    Results  
  Easting    Northing    Azimuth (°)    Dip    End Dept   h   (m)    From (m)    To (m)    Length (m)    Au_GPT  
  57-976    Lower SMC    568936    5331174    35    -61    457    431.2    433.2    2.0    41.2  
  Including                      431.7    432.3    0.6    135.5  
  57-977    Lower SMC    568935    5331174    35    -58    427    358.6    360.6    2.0    3.1  
  Including                      359.1    359.4    0.3    17.1  
                                 
  57-992    SMC    569271    5331688    248    -16    427    365.5    379.9    14.5    253.7  
  Including          368.5    369.1    0.6    1,572.9  
  Including          371.6    372.2    0.6    1,265.1  
  Including          374.1    374.4    0.3    1,313.5  
  57-689**    SMC    569221    5331373    267    -40    277    67.5    69.5    2.0    100.1  
  57-703**    SMC    569221    5331374    273    -46    168    45.5    49.1    3.6    37.7  
  57-704**    SMC    569221    5331374    260    -44    152    70.5    74.6    4.1    101.1  
 

  Notes:  

 
  1.   True   widths   are not   known   at   this   time.  

  2.  

  *   Previously   reported   Intercept  
**   Previou   s   ly   unreported   Intercept  

 

Photos accompanying this announcement are available at

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/7bd9300f-4e22-45aa-b4a9-d8cc78723c49  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/75ee8797-407b-42c6-817b-2e54258374b9  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/e890c539-0210-4c56-8b16-2f0c53e4648c  

 

  https://www.globenewswire.com/NewsRoom/AttachmentNg/02ac5889-fe46-4c5b-9b7c-a76874af6d2d  

 

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