Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!
(Wallace Refiners) – Kirkland Lake Gold (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade drill results that highlight significant potential for mineral resource growth between the existing Main Pit and planned West Pit location at the Detour Lake gold mine, Canada.
The company said that high-grade intersections near bottom of mineral resource pit shell in Saddle Zone highlighting potential for growth in open-pit and underground mineral resources.
Key intercepts in Saddle Zone include: 1.13 gpt over 155.1 metres; 9.02 gpt over 13.0 m; 1.56 gpt over 70.2 m, incl. 7.49 gpt over 5.3 m; 1.37 gpt over 43.1 m, incl. 12.17 gpt over 3.0 m; 31.91 gpt over 5.0 m; 2.21 gpt over 26.0 m, incl. 5.15 gpt over 8.0 m; 1.9 gpt over 32.7 m, incl. 15.07 gpt over 2.1 m; 1.01 gpt over 42.6 m.
Drilling in Central Saddle Zone continues to intersect exceptional grades and widths at shallow depths, further demonstrates continuity of mineralized corridor connecting Main Pit and planned West Pit location. Drilling in Eastern portion of Saddle Zone confirms continuity of mineralization to the west and below Main Pit Mineral Reserve pit shell, the company added.
Drilling below West Pit Mineral Reserve intersects broad zones of mineralization extending to depth. Drilling west of planned West Pit intersects mineralization up to 425 m west of existing Mineral Reserves.
President and CEO Tony Makuch commented, “We continue to have a great deal of success drilling along the DMT. We are continuing our extensive drill program at Detour Lake, following up on each of the key targets, with 12 drills currently working and plans to complete 270,000 m of drilling during 2021.”
“The drilling results we have announced today provide us with even greater confidence that the 2022 technical report will clearly establish Detour Lake as one of the world’s premier gold mines,” added Makuch.
Kirkland Lake Gold is a senior gold producer operating in Canada and Australia that is targeting 1,300,000 – 1,400,000 ounces of production in 2021. 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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.