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More gold 'yet to be discovered' at Kirkland Lake's Macassa Mine

Kirkland Lake Gold posts high-grade results from underground exploration program
Kirkland Lake Gold Macassa Shaft 3
Kirkland Lake Gold's Macassa Mine, No. 3 Shaft. (K-L Gold photo)

Exploration drilling at Macassa Mine continue to produce spectacular grades for Kirkland Lake Gold.

The Toronto-headquartered mining company released drill results from its exploration program in Kirkland Lake where the focus is on growing gold reserves at its South Mine Complex and finding more high-grade gold further out and deeper down along the unexplored zones around the Amalgamated Break.

In an Oct. 19 news release, the company said it's seeing "extremely high-grade intersections" from its program to extend the South Mine Complex to the east and west, in identifying high-grade mineralization along the Amalgamated Break, and in identifying a new, high-grade corridor along Main Break near the location of its new No. 4 shaft.

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One drilled intercept pulled from the South Mine Complex revealed 253.7 grams per tonne (g/t) over 14.5 metres of core length, including 1,572.9 g/t over 0.6 metres. It was taken from slightly below the current gold reserve.

From the Amalgamated Zone, core from another showed 210.4 g/t over 8.2 metres, including 463.0 g/t over 3.7 metres.

To date, the company has drilled more than 47,000 metres and punched 135 holes. There are nine drills working underground with one rig on the surface.

In a statement, Kirkland Lake Gold president Tony Makuch said the results support their view that there's "substantial exploration potential" in the area between the South Mine Complex and 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."

He added the results continue to show there's gold below the Lower South Mine Complex and that there's more high-grade gold to be had along the Amalgamated Break, further bolstering their confidence there are more gold reserves to be found in the Kirkland Lake camp.

Makuch said these new results complement last April's announcement of the discovery of a high-grade "corridor" to the east of the South Mine Complex at Macassa, close to its new No. 4 Shaft.

He said this exploration campaign has been successful in continuing to grow and expand the South Mine Complex, confirming the Amalgamated Break's "considerable exploration potential," and shows that there are ounces "yet to be discovered" in extending the mine's life.