High-grade discoveries open “whole new chapter” at Kirkland Lake mine: Exploration drilling probes unexplored areas at Macassa’s South Mine Complex – by Staff (Northern Ontario Business – May 2, 2019)

https://www.northernontariobusiness.com/

Kirkland Lake’s Macassa Mine doesn’t appear to be relinquishing its status as one the world’s richest gold mines. Kirkland Lake Gold released some eye-popping high-grade drill intercepts from its ongoing underground exploration and expansion project within the South Mine Complex (SMC).

In an May 2 news release, the company highlighted the results from 73 drill holes and nearly 30,000 metres worth of drilling from the east and west exploration drifts on the mine’s 5300-foot and 5700-foot level.

Some of the high-grade intersections include 118.8 grams per tonne (g/t) over a 2.0 metre core length at SMC, and 4,772 g/t over a 2.0-metre length from an identified zone, west of the current resource. A 1.8-metre section from another hole yielded 2,458.6 g/t in the lower complex and to the east and at depth.

The company is running a year-long program to target new mineralized areas and expand the mine in all directions. In a statement, Kirkland Lake Gold president-CEO Tony Makuch acknowledged Macassa is known as an historic producer, but it also stands as a high-grade, low-cost operation with open-ended gold potential that “will support mining well into the future.”

The company is sinking a new shaft, as part of a $350-million mine expansion project,to use as a springboard to boost the mine’s operating life by at least 15 to 20 years.

For the rest of this article: https://www.northernontariobusiness.com/industry-news/mining/high-grade-discoveries-open-whole-new-chapter-at-kirkland-lake-mine-1425297

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