Kirkland adds to resource through continued drilling
JOHANNESBURG (miningweekly.com) – Ongoing exploration continues to add to the resource and reserve base of dual-listed gold miner Kirkland Lake’s Mine Complex, in Ontorio, particularly its South Mine Complex (SMC), CEO George Ogilvie said on Tuesday.
In a statement to shareholders, he noted that it supported the company’s initial goal of defining a multimillion-ounce resource on the South Claim properties purchased from Queenston Mining. "These recent results continue to show exceptional grades, which confirms the high-grade nature of the deposit, even with minimum mining widths applied.
“Encouragingly, the SMC remains open to the east and at depth, paving the way for further exploration success. Further, the yearly update of the NI 43-101-compliant resource and reserve estimates is now under way and is expected to be released in the second quarter of this calendar year," Ogilvie added.
The current phase of the underground exploration programme was being conducted from the 5 300 foot level near the SMC and was designed to further extend and upgrade resources on the South Claims as a continuation of the programme.
The intersection in drill hole 53-2593 returned 1.85 oz/t or 63.4 g/t over a true width of 3.5 m, while drill hole 53-2597 returned 0.36 oz/t or 12.3 g/t over a true width of 4.5 m.
Both intersections had extended the New South zone an additional 54.9 m down-dip from an earlier hole completed in 2009.
The intersection in this drill hole returned 2.76 oz/t or 94.6 g/t.
Exploration plans for the year ahead would include further testing of the New South zone further east and down dip of the current resource area. Follow-up drilling on new footwall zones would also be completed.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
