Record drill hole intersection at Kirkland Lake; Drill Hole 53-1685 asays 8.16 ounces of gold per ton over 46.7 feet true width

Marketwire | May 4, 2011 | 6:29 am Precious Metals Canada Gold 

Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI), an operating and exploration gold company, is pleased to announce a record drill hole intersection from one of the underground exploration programs on the company’s 100% owned Macassa property. This particular drill hole, which was targeting the east `08 Break Zone from the 5300 foot level of the Macassa Mine, intersected the New South Zone within a previously defined resource area of the South Mine Complex (SMC).

“This is a world class intersection. Although the Company does not routinely announce the assays of drill holes which pierce existing reserve or resource blocks, this particular drill hole deserves some attention. The combination of grade and width would make this intersection the richest in the 100 year history of the Kirkland Lake Camp,” said Stewart Carmichael, Chief Exploration Geologist.

The following are some of the highlights of the new intersection:

  • Drill hole 53-1685 likely represents a localized blow out of the New South Zone. Drill holes located 50 to 100 feet away from 53-1685 have intersected both the New South Zone as well as a distinct and separate footwall zone. In the case of hole 53-1685, the mineralization is continuous between the New South Zone and the footwall zone, resulting in the extraordinary width of the intersection. The vertical mining height, which is used for resource calculations and modeling is estimated at 52.8 feet. The combination of grade and vertical mining height is also a record for the South Mine Complex. (see figure 1)
  • The New South Zone at this pierce point dips at 28 degrees to the southeast. One of the exploration programs in progress is designed to extend the New South Zone in this direction beyond the currently defined resource area.

For the full press release click here

Image by Kirkland Lake Gold Inc.

Mining.com Recommends

More News