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KIRKLAND LAKE, ONTARIO–(Marketwired – Feb. 3, 2016) – Kirkland Lake Gold Inc. (“Kirkland Lake”, or the “Company”) (TSX:KGI), this week poured it’s one millionth ounce from the Macassa Mine Complex since operations commenced in 2003. This marks a historic milestone for the Company, adding to the historical production of this camp, which has now produced over 26 million ounces of gold.
The Company commenced operations at the Macassa Mine Complex in 2002, and with the discovery of the South Mine Complex, has been able to increase its level of production significantly over the past five years with the Company producing and selling over 570,000 ounces of gold. The Macassa Mine Complex currently has 1.5 million ounces in proven and probable reserves (2.4 million tonnes at an average grade of 19.2 g/t Au), and an additional 2.0 million ounces in measured and indicated resources (3.8 million tonnes at an average grade of 16.8 g/t Au).
Chris Stewart, Vice President of Operations at Kirkland Lake Gold Inc., commented, “We recently announced achieving one million man hours without a lost time injury, and are now announcing one million ounces of production at the complex. I’d like to commend our entire team for digging deep and allowing us to reach this milestone, and doing so in a safe and responsible manner.”
Harry Dobson, founder and former Chairman of Kirkland Lake Gold Inc., commented, “It is very fulfilling to see the progress that Kirkland Lake has made over the past thirteen years. As an entrepreneur you start with a dream and a vision, and work as hard as you can to make them a reality. I am very proud of everyone that has contributed to the success of the company and I continue to support management and the entire team at Kirkland Lake in their efforts for continued growth prospects.”
Eric Sprott, Chairman of Kirkland Lake Gold Inc., commented, “One million ounces is a tremendous accomplishment and on behalf of the Board of Directors, I wish to express sincere thanks to all the hard work that was put into achieving this milestone. I truly believe in the prolific nature of this camp, and with the recent regional exploration success, I have no doubt that we will continue to add significant ounces to this tally in the future.”
Qualified Person
The Company’s exploration programs have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company’s geological staff under the supervision of Mr. Stewart Carmichael, P.Geo., Manager of Exploration. Mr. Carmichael is the ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and has reviewed and approved this news release.
Technical Information
The Company’s Macassa Mine Property is the subject of a technical report prepared by Glenn R. Clark, P.Eng., titled Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario at January 1, 2015, dated May 22, 2015, which has been filed on SEDAR (www.sedar.com).
About Kirkland Lake Gold Inc.
Kirkland Lake Gold Inc. is a Canadian focused, intermediate gold producer with assets in the historic Kirkland Lake gold camp, and east of the Timmins gold camp, both in northeastern Ontario. The Company is currently targeting annual gold production of between 260 – 310 thousand ounces from four operations including its cornerstone asset, the Macassa Mine Complex and the recently acquired Holt, Taylor and Holloway mines.
The Company is committed to building a sustainable mining company that is recognized as a safe and responsible gold producer.
Click here for Cautionary Note Regarding Forward Looking Statements and original news release: http://www.klgold.com/investors/news-and-events/news-releases/news-release-details/2016/Kirkland-Lake-Gold-Pours-Its-One-Millionth-Ounce-from-the-Macassa-Mine-Complex/default.aspx
Contact Information:
Kirkland Lake Gold Inc.
Suzette N Ramcharan
Director Investor Relations
1-647-361-0200
sramcharan@klgold.com
Kirkland Lake Gold Inc.
Grant Haavaldsrud
Manager of Human Resources
1-705-567-5208 ext. 2199
ghaavaldsrud@klgold.com
www.klgold.com