Kirkland Lake Drills Wide Gold Intervals Outside of Detour Lake Resources

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Drilling targeting under-explored areas around the Detour Lake pits at Kirkland Lake Gold’s (TSX: KL; NYSE: KL) The Detour Lake property returned large intervals of high grade gold. The miner is completing a 250,000-meter exploration program at the site in 2021 with an updated production plan and a statement of reserves expected early next year.

The latest results include assays for 30 completed drill holes in the Saddle zone, between the main and west pits, where continuous mineralization has been confirmed over 800 meters trending and to a depth of 800 meters, and around the shell of reserve of the west pit, with mineralization traced to the west and below the reserves.

Highlights of the Central Saddle area included 26.9 meters of 13.95 grams of gold per tonne; and 58 meters of 3.63 grams of gold per tonne. Drilling in the eastern part of Saddle returned 105.9 meters of 1.21 grams of gold; and 120.3 meters of 1.1 grams of gold, confirming continuous mineralization to the west and below the main pit resources and reserves.

Notable interceptions from areas below the West Pit reserves included 119 meters of 1.47 grams of gold; and 128 meters of gold at 0.92 grams. The lands west of the West Pit returned 11.3 meters of 2.34 grams of gold, with mineralization extending 300 meters west of the remaining reserves.

“With today’s results, we are increasingly convinced that a large continuous deposit is located along the Detour Mine Trend (DMT) which stretches from the main pit to the Saddle area and continues beyond the location of the west pit. We are also extremely encouraged by the wide and high grade intersections reported at depth in the Saddle Zone, which confirm the potential for strong growth of mineral resources and mineral reserves in support of future surface and underground mines, ”Tony Makuch, president and CEO of Kirkland Lake Gold, said in a press release.

Makuch added that the company plans to release an updated NI 43-101 technical report for Detour Lake by the end of March, which will describe a production profile in line with the company’s earlier forecast of 680,000 to 720,000 ounces. per year between 2021 and 2023 from the surface mine, increasing to approximately 800,000 ounces. annually in 2025. The report will not include any drilling completed by Kirkland Lake Gold since the acquisition of the asset – these results will be incorporated into a new mining plan which is expected early next year.

Results from the Sadddle center suggest a style and grade of mineralization similar to that of the existing main and western pits with wide, high-grade gold intervals near the lower limits of the existing resource shell. Trend analyzes from the Detour mine, east of the west pit, appear to confirm the continuity of mineralization through the western part of Saddle and into an area below the west pit.

Exploration at Detour Lake continues with 12 drill rigs, which are expected to drill approximately 270,000 meters by year end.

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