Kirkland Lake Gold reported finding a new gold zone at its Taylor Mine in northeastern Ontario.
The company released new exploration drill results from surface and underground drilling at the mine near Matheson.
The new gold zone was intersected 350 metres below existing mining and known mineralization in the West Porphyry Deposit.
Some of the key intercepts include 46.7 grams per tonne (g/t) over 9.6 m, including 68.3 g/t over 6.0 metres, 89.2 g/t over 1.0 metres and 104.2 g/t over 1.0 metres, with numerous visible-gold stringers.
The Matheson area mine, commissioned in late 2015, was originally developed by St Andrew Goldfields prior to its acquisition by Kirkland Lake Gold in early 2016. The high-grade mine is said to have significant upside gold potential.
The property consists of two near surface gold deposits, the Shoot Deposit and the Shaft Deposit, and the deeper West and East Porphyry deposits.
Exploration drilling took place along a hanging wall where high-grade gold mineralization has been intersected up to 1.8 kilometres east of the Taylor Shaft Deposit and at targets west of the Shaft Deposit and east and at depth of West Porphyry and East Porphyry deposits.
“Today’s results further increase our confidence in the expansion potential and high-grade nature of the Taylor deposits, and support our ability to meaningfully grow mineral resources and mining reserves at Taylor Mine,” stated company president-CEO Tony Makuch on Dec. 18.
“If confirmed through infill drilling, these results will represent a major extension of the West Porphyry Deposit. We also continue to achieve encouraging exploration results east of the Shaft Deposit along the (Porcupine Destor Fault), with new results including high-grade intersections up to a kilometer away from the mine. Our exploration program at Taylor is continuing with three surface drills and one underground drill in operation."
