Kirkland Lake Gold (KGI)

Kirkland Lake Gold (KGI)

Kirkland Lake Gold (KGI)

Kirkland Lake Gold Inc.is pleased to announce an update on exploration drilling testing in the South Mine Complex. The SMC consists of 15 or more mineralized zones. Exploration drilling continues to extend previously defined mineralization and intersect new zones.

Stewart Carmichael, Chief Exploration Geologist commented:
”These intercepts represent some of the highest grade results yet encountered since the discovery of the SMC four years ago, and the 344 ounce assay over the one foot interval is the highest drill hole assay in the Camp’s history, easily surpassing the previous record of 181 opt over 1.0 feet on the Lower D North in drill hole 50-740 reported by the Company in September 6, 2006”. He added, “This zone likely correlates with drill hole 53-1070 located 70 feet west which assayed 15.3 ounces of gold over a core length of 2.3 feet.”

Steve Gray, Chief Production Geologist also commented:
“From a production point of view, this new zone is situated at the 5300 horizon and only 150 away from existing mine infrastructure. It is also 40 feet above the LK zone whose discovery four years ago by the Company included an assay of 102 ounces over 1.5 feet. Even without the 344 ounce interval, this intersection would grade better than 10 ounces per ton.”

About the Company
The Company purchased the Macassa Mine and the 1,500 ton per day mill along with four former producing gold properties – Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves – in December 2001. These properties, which have historically produced some 22 million ounces of gold, extend over seven kilometres between the Macassa Mine on the west and Wright Hargreaves on the east and, for the first time, are being developed and explored under one owner. This camp is located in the Abitibi Southern Greenstone Belt of Kirkland Lake, Ontario, Canada.

For more information please go to www.klgold.com

No Comments

Post a Comment