Kirkland Lake Discoveries (TSXV: KLDC) says it has identified extensive gold mineralization from its Phase 3 drill program on the Goodfish-Kirana property in northeastern Ontario.
For this, the drilling team completed a total of five diamond drill holes for a total of 1,187 metres, with anomalous gold encountered at both the Jo zone and Hargreaves shaft.
At the Jo zone, it intersected extensive gold mineralization across 37 metres throughout one drill hole, including intervals of 4.5 metres at 0.621 g/t gold, 13.66 metres at 0.287 g/t gold, 1.2 metres at 3.82 g/t gold, 5.6 metres at 0.894 g/t gold, 5.23 metres at 1.035 g/t gold and 7.29 metres at 1.334 g/t gold.
Kirkland Lake’s team also highlighted significant discoveries at Hargreaves, characterizing the mineralization to be similar to those at the Macassa and Young-Davidson mines.
“The extensive gold mineralization at the Jo zone, independent of rock type, is particularly promising, while the newly identified gold zone in the Hargreaves footwall represents an exciting and untapped opportunity,” CEO Stefan Sklepowicz said in a news release.
“These findings validate our exploration strategy and strengthen our commitment to unlocking the value of this district-scale land package.”
The company recently consolidated a district-scale land package in the Kirkland Lake gold camp of Northern Ontario. The properties are situated within the Abitibi Greenstone Belt, one of the world’s most richly endowed with over 200 million oz. of gold produced to date.
Kirkland Lake Discoveries has grouped its properties into two key areas: KL East, which includes the Lucky Strike property, Arnold property and KL Central; and KL West, which encompasses the Goodfish-Kirana and KL West properties.
The company’s land position spans approximately 380 sq. km over 1,338 claims and 29 patented claims, making it the largest landholder in Ontario’s Kirkland Lake region.
The gold mining industry has come to define the town of Kirkland Lake. Chief Ignace Tonené of the Temagami First Nation recorded the first gold occurrence in the late 1800s.
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