Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or
the “
Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today
reported new drill results from 135 holes (47,683 m) of underground
exploration drilling from the Macassa Mine in Kirkland Lake,
Ontario. Holes in the program were completed from platforms located
on the 5300, 5600 and 5700 levels and designed mainly to confirm
and extend resources within the SMC, LSMC and Amalgamated zones.
Resources within the Amalgamated Zone consist of a series of
mineralized lenses first identified by drilling in 2019 which are
located on the south side of the SMC and adjacent to the
Amalgamated Break.
Tony Makuch, President and CEO of Kirkland Lake
Gold, commented: “Today’s results are encouraging as they support
our view that there is substantial exploration potential in areas
where the dip of the SMC approaches the contact with mineralized
zones stacked vertically along the Amalgamated Break. These are
separate areas of gold mineralization coming together, which is
very interesting, and what we are seeing are some extremely
high-grade intersections. The results today also continue to expand
the mineralization at depth in the LSMC and identify new areas of
high-grade mineralization along the Amalgamated Break, further
increasing our confidence that there are new Mineral Reserves to be
discovered as we drill along the Break through the Kirkland Lake
camp. The new intersections being reported around the SMC and along
the Amalgamated Break complement the results we issued in April
that identified a large corridor of high-grade mineralization in
close proximity to the #4 Shaft location, located at depth along
the Main Break below the former mine workings on the Kirkland
Minerals property. In combination, our drilling at Macassa this
year has been successful in all three key areas of our exploration
program: continuing to grow and expand the SMC, confirming the
considerable exploration potential of the Amalgamated Break and
demonstrating that there are significant ounces yet to be
discovered, and mine life to be added, along the historic Main/’04
Break.”
One of the holes (427 m) completed during the
program (57-992) was collared in a platform on the north side of
the 5700 Level and drilled in a southwesterly direction to test the
margin of the SMC (see Figures 1 and 2). The hole was highly
successful intersecting 253.7
gpt over 14.5
m, including
1,572.9 gpt over 0.6 m,
1,313.5
gpt over 0.3 m and
1,265.1 gpt over
0.6 m near the planned
target location and slightly below the current Mineral Reserve for
the SMC. The new intercept is also located between 9 and 39 m west
of three previously unreported intercepts from the SMC including
101.1 gpt over 4.1
m from
57-704, 100.1
gpt over 2.0 m
from 57-689 and
37.7 gpt
over 3.6 m from
57-703, as well as four additional high-grade
intercepts located immediately north of the Amalgamated Break. One
of these four Amalgamated Zone intercepts is a new result and
included 68.2 gpt over
2.3 m from
53-3053, while the other three
intercepts had been previously reported (see press release dated
May 2, 2019) and included 429.1
gpt over 3.3 m from 57-704, 164.8
gpt over 3.0 m from 57-689 and
26.7 gpt over 2.0 m from
57-703. Current interpretations for this part of the mine
suggest that the new and previously unreported intercepts occur
where the shallow southward dipping SMC begins to intersect steeply
north dipping zones adjacent to the Amalgamated Break resulting in
a broad zone of alteration containing multiple high-grade
structures containing between 1 and 5% pyrite and local visible
gold. Due to the complexity of mineralization in the vicinity of
new intercept, the true width cannot be definitively established at
this time, but is estimated to be between 5 and 10 m. The area to
the west and to depth of the new intersection remains open for
testing for at least another 25 to 30 m.
A total of 54 of the new holes (22,204 m) of
drilling from the new program were drilled northwards from
platforms on the 5300 and 5700 levels and were designed to infill
and expand inferred Mineral Resources near the west limit of the
LSMC (Figure 3). Key intercepts from the drilling include
33.3 gpt over 2.0
m, including 177.6 gpt
over 0.4 m, from
53-4114, 32.1
gpt over 2.0 m, 22.0
gpt over 3.2 m and 20.2
gpt over 2.0 m from 53-4116A,
31.8 gpt over 2.0 m from
53-4120, 24.6
gpt over 2.1 m from 53-4118,
and 19.3 gpt
over 3.2 m and 22.8 gpt
over 2.0 m from 53-4162, which
are from holes targeting inferred Mineral Resources and untested
gaps in drill information on the upper west side of the LSMC.
Additional key intercepts from this area include
103.3 gpt over 2.4
m, including 542.0 gpt
over 0.3 m, from
57-903, 58.9
gpt over 2.2 m from
57-879, 49.5
gpt over 4.3
m, including 164.9
gpt over 1.2 m,
from hole 57-975 and 41.2
gpt over 2.0 m and
38.0 gpt over 2.1 m from
57-976. These intersections are from
holes designed to infill and expand inferred Mineral Resources on
the lower west portion of the LSMC structure. Considering the
results achieved and the fact that the area immediately to the west
of the new holes remains largely untested, the potential to add new
Mineral Resources with further drilling is considered excellent.
An additional 80 holes (47,688 m) of drilling
from the new program were drilled southwards from platforms on the
5300, 5600 and 5700 levels to confirm and expand current inferred
Mineral Resources within the Amalgamated Zone near the current west
limit on the 5300 Level (Figure 4). Significant results from the
drilling include 11.0 gpt
over 2.4 m from 53-4040, which
was drilled near the top of the current Mineral Resource, as well
as 210.4 gpt over 8.2 m,
including 463.0 gpt over 3.7
m, from 53-4033, 52.9
gpt over 2.0 m, including 172.3
gpt over 0.6 m,
from 53-4041 and 35.4 gpt
over 2.0 m from 53-4045, which
were drilled 50 to 60 m up dip.
Additional significant results include
48.2 gpt over 2.0 m,
including 317.6 gpt over 0.3
m, from 57-900, 20.2
gpt over 2.1 m from
57-902, 13.5 gpt over 3.0 m from
57-895 and 13.2 gpt
over 2.0 m from
57-975, which were drilled mainly
to infill an untested gap in the east part of the current inferred
Mineral Resource, as well as 8.3
gpt over 9.0 m from 56-777, 14.4
gpt over 2.4 m from 53-4027 and
12.9 gpt over 2.0 m from
53-4039, which were drilled near the west
edge of the current Mineral Resource and extending mineralization
by another 25 m.
Based on the latest results, and the large areas
remaining to be tested along strike and dip, the potential to
identify new areas of high-grade mineralization along the
Amalgamated Break remains excellent.
Exploration drilling at Macassa is currently
continuing with nine drills underground and one drill on surface.
Drilling over the balance of the year will remain focused on
testing the SMC and Amalgamated Zones.
Qualified Person
The Company’s exploration programs at Macassa
are conducted under the supervision of Eric Kallio, P.Geo., Senior
Vice President, Exploration. Eric Kallio 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 the scientific and
technical information in this news release.
QA/QC Controls
The Company has implemented a quality assurance
and control (“QA/QC”) program to ensure sampling and analysis of
all exploration work is conducted in accordance with best
practices. The drill core is sawn in half with one half of the core
samples shipped to Swastika Laboratories in Swastika, Ontario. The
other half of the core is retained for future assay verification.
Other QA/QC includes the insertion of certified reference
standards, blanks and the regular re-assaying of pulps and rejects
at alternate certified labs. Gold analysis is conducted by fire
assay using atomic absorption or gravimetric finish. The laboratory
re-assays at least 10% of all samples and additional checks may be
run on anomalous values.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a growing gold
producer operating in Canada and Australia that produced 974,615
ounces in 2019. The production profile of the Company is anchored
by three high-quality operations, including the Macassa Mine and
Detour Lake Mine, both located in Northern Ontario, and the
Fosterville Mine located in the state of Victoria, Australia.
Kirkland Lake Gold's solid base of quality assets is complemented
by district scale exploration potential, supported by a strong
financial position with extensive management expertise.
For further information on Kirkland Lake Gold and to receive
news releases by email, visit the website www.klgold.com.
Cautionary Note Regarding
Forward-Looking Information
This Press Release contains statements which
constitute ”forward-looking statements” within the meaning of
applicable securities laws, including statements regarding the
plans, intentions, beliefs and current expectations of the Company
with respect to the future business activities and operating
performance of the Company. The words “may”, “would”, “could”,
“should”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect” and similar expressions, as they relate to the
Company, are intended to identify such forward-looking statements.
Investors are cautioned that forward-looking statements are based
on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made such as, without
limitation, opinion, assumptions and estimates of management
regarding the Company’s business, including but not limited to; the
continued exploration programs on the SMC and Amalgamated Break
mineralization, the timing and results thereof; the ability to
continue to expand the SMC and Amalgamated Break and to increase
levels of resources and reserves as a result of such exploration
programs and the anticipated timing thereof; the potential to
increase the level of resources and reserves and potential
conversion of mineral resources; the anticipated completion date of
the #4 shaft and potential impact and benefits thereof; the amount
of future production over any period; the anticipated overall
impact of the Company’s COVID 19 response plans including measures
taken by the Company to reduce the spread of COVID 19; and
assumptions made relating to operating cash costs based on
forecasts and projections. Such opinions, assumptions and
estimates, are inherently subject to a variety of risks and
uncertainties and other known and unknown factors that could cause
actual events or results to differ materially from those projected
in the forward-looking statements. These factors include the
Company's expectations in connection with the projects and
exploration programs being met, the impact of general business and
economic conditions, global liquidity and credit availability on
the timing of cash flows and the values of assets and liabilities
based on projected future conditions, the impact of COVID-19,
fluctuating gold prices, currency exchange rates (such as the
Canadian dollar versus the United States Dollar), possible
variations in ore grade or recovery rates, changes in accounting
policies, changes in the Company's corporate mineral reserves and
resources, changes in project parameters as plans continue to be
refined, changes in project development, construction, production
and commissioning time frames, the possibility of project cost
overruns or unanticipated costs and expenses, higher prices for
fuel, power, labour and other consumables contributing to higher
costs and general risks of the mining industry, failure of plant,
equipment or processes to operate as anticipated, unexpected
changes in mine life, seasonality and unanticipated weather
changes, costs and timing of the development of new deposits,
success of exploration activities, permitting time lines,
government regulation of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims, and
limitations on insurance, as well as those risk factors discussed
or referred to in the Company's annual Management's Discussion and
Analysis and Annual Information Form for the year ended December
31, 2019 and its filings for the quarterly period ended June 30,
2020, filed with the securities regulatory authorities in certain
provinces of Canada and available at www.sedar.com.
Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company
has attempted to identify important risks, uncertainties and
factors which could cause actual results to differ materially,
there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements
except as otherwise required by applicable law.
Cautionary Note to U.S. Investors -
Mineral Reserve and Resource Estimates
All references to Mineral Resources and Mineral
Reserves included in this news release have been prepared in
accordance with Canadian National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 43-101") and the Canadian
Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM
Definition Standards on Mineral Resources and Mineral Reserves,
adopted by the CIM Council, as amended (the "CIM Standards"). NI
43-101 is a rule developed by the Canadian Securities
Administrators, which established standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. The terms "mineral reserve", "proven
mineral reserve" and "probable mineral reserve" are Canadian mining
terms as defined in accordance with NI 43-101 and the CIM
Standards. These definitions differ materially from the definitions
in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United
States Securities Act of 1933, as amended, and the Exchange
Act.
In addition, the terms "Mineral Resource",
"measured Mineral Resource", "indicated Mineral Resource" and
"Inferred Mineral Resource" are defined in and required to be
disclosed by NI 43-101 and the CIM Standards; however, these terms
are not defined terms under SEC Industry Guide 7 and are normally
not permitted to be used in reports and registration statements
filed with the U.S. Securities and Exchange Commission (the "SEC").
Investors are cautioned not to assume that all or any part of
mineral deposits in these categories will ever be converted into
reserves. "Inferred Mineral Resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. It cannot be assumed that all
or any part of an Inferred Mineral Resource will ever be upgraded
to a higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not form the basis of feasibility or
pre-feasibility studies, except in very limited circumstances.
Investors are cautioned not to assume that all or any part of a
Mineral Resource exists, will ever be converted into a Mineral
Reserve or is or will ever be economically or legally mineable or
recovered.
FOR FURTHER INFORMATION PLEASE
CONTACT
Anthony Makuch, President, Chief Executive
Officer & DirectorPhone: +1 416-840-7884E-mail:
tmakuch@kl.gold
Mark Utting, Senior Vice President, Investor
RelationsPhone: +1 416-840-7884E-mail: mutting@kl.gold
Table 1. New Drill Holes
– SMC and LSMC 1 |
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
53-3053** |
Amalgamated |
569261 |
5331243 |
31 |
-64 |
305 |
253.5 |
255.8 |
2.3 |
68.2 |
53-3961 |
Amalgamated |
568756 |
5331151 |
217 |
-78 |
320 |
NSV |
53-3963A |
Amalgamated |
568756 |
5331151 |
245 |
-75 |
314 |
NSV |
53-4002 |
Amalgamated |
568758 |
5331153 |
171 |
-51 |
259 |
NSV |
53-4003 |
Amalgamated |
568758 |
5331152 |
177 |
-42 |
229 |
NSV |
53-4004 |
Amalgamated |
568757 |
5331150 |
226 |
-46 |
198 |
NSV |
53-4005 |
Amalgamated |
568756 |
5331151 |
223 |
-74 |
290 |
NSV |
53-4007 |
Amalgamated |
568755 |
5331151 |
264 |
-54 |
259 |
NSV |
53-4026 |
Amalgamated |
568756 |
5331151 |
237 |
-66 |
207 |
NSV |
53-4027 |
Amalgamated |
568757 |
5331151 |
218 |
-71 |
220 |
157.3 |
159.7 |
2.4 |
14.4 |
53-4028 |
Amalgamated |
568757 |
5331151 |
218 |
-64 |
189 |
NSV |
53-4029A |
Amalgamated |
568757 |
5331151 |
204 |
-71 |
220 |
NSV |
53-4030 |
Amalgamated |
568757 |
5331151 |
209 |
-69 |
207 |
159.1 |
161.1 |
2.0 |
3.2 |
Including |
|
|
|
|
|
|
160.6 |
161.1 |
0.5 |
13.0 |
53-4030 |
Amalgamated |
568757 |
5331151 |
209 |
-69 |
207 |
165.2 |
171.3 |
6.1 |
3.1 |
53-4031 |
Amalgamated |
568757 |
5331151 |
206 |
-66 |
192 |
NSV |
53-4032 |
Amalgamated |
568757 |
5331151 |
210 |
-53 |
174 |
NSV |
53-4033 |
Amalgamated |
568758 |
5331151 |
195 |
-44 |
213 |
123.1 |
131.4 |
8.2 |
210.4 |
Including |
|
|
|
|
|
|
124.1 |
127.7 |
3.7 |
463.0 |
53-4037 |
Amalgamated |
568757 |
5331150 |
227 |
-43 |
183 |
NSV |
53-4038 |
Amalgamated |
568757 |
5331151 |
214 |
-53 |
198 |
NSV |
53-4039 |
Amalgamated |
568757 |
5331151 |
199 |
-70 |
229 |
150.8 |
152.9 |
2.0 |
12.9 |
Including |
|
|
|
|
|
|
150.8 |
151.3 |
0.5 |
47.8 |
53-4040 |
Amalgamated |
568757 |
5331150 |
181 |
-65 |
213 |
163.4 |
165.8 |
2.4 |
11.0 |
Including |
|
|
|
|
|
|
163.4 |
164.0 |
0.6 |
34.5 |
53-4041 |
Amalgamated |
568758 |
5331150 |
179 |
-56 |
229 |
76.8 |
78.8 |
2.0 |
52.9 |
Including |
|
|
|
|
|
|
76.8 |
77.4 |
0.6 |
172.3 |
53-4042 |
Amalgamated |
568757 |
5331150 |
173 |
-59 |
259 |
NSV |
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
53-4044 |
Amalgamated |
568757 |
5331151 |
169 |
-53 |
244 |
167.9 |
53-4045 |
Amalgamated |
568758 |
5331150 |
168 |
-47 |
229 |
117.0 |
119.0 |
2.0 |
35.4 |
Including |
|
|
|
|
|
|
118.0 |
118.6 |
0.6 |
102.3 |
53-4046 |
Amalgamated |
568758 |
5331150 |
167 |
-50 |
244 |
152.5 |
154.5 |
2.0 |
3.2 |
53-4066 |
Amalgamated |
570026 |
5331723 |
27 |
-67 |
338 |
NSV |
53-4092 |
Amalgamated |
568756 |
5331151 |
264 |
-63 |
238 |
NSV |
53-4093 |
Amalgamated |
568757 |
5331151 |
186 |
-60 |
198 |
NSV |
53-4094 |
Amalgamated |
568757 |
5331151 |
180 |
-49 |
183 |
NSV |
53-4095 |
Amalgamated |
568757 |
5331151 |
180 |
-49 |
183 |
NSV |
53-4096 |
Amalgamated |
568757 |
5331151 |
165 |
-48 |
213 |
NSV |
53-4097 |
Amalgamated |
568757 |
5331151 |
163 |
-51 |
213 |
NSV |
53-4098 |
Amalgamated |
568757 |
5331151 |
165 |
-55 |
211 |
NSV |
53-4126 |
Amalgamated |
568900 |
5331233 |
269 |
0 |
216 |
127.1 |
129.1 |
2.0 |
3.2 |
53-4127 |
Amalgamated |
568900 |
5331233 |
269 |
-14 |
274 |
NSV |
56-737 |
Amalgamated |
568729 |
5331340 |
202 |
-30 |
328 |
NSV |
56-743 |
Amalgamated |
568729 |
5331340 |
215 |
-38 |
335 |
NSV |
56-744 |
Amalgamated |
568729 |
5331340 |
207 |
-49 |
366 |
NSV |
56-745 |
Amalgamated |
568729 |
5331340 |
200 |
-37 |
335 |
NSV |
56-747 |
Amalgamated |
568730 |
5331340 |
187 |
-33 |
366 |
NSV |
56-751A |
Amalgamated |
568732 |
5331340 |
178 |
-28 |
412 |
NSV |
56-752 |
Amalgamated |
568730 |
5331341 |
180 |
-40 |
412 |
NSV |
56-753 |
Amalgamated |
568732 |
5331340 |
187 |
-26 |
381 |
NSV |
56-754 |
Amalgamated |
568733 |
5331342 |
183 |
-14 |
396 |
NSV |
56-755 |
Amalgamated |
568731 |
5331340 |
204 |
-29 |
305 |
NSV |
56-756 |
Amalgamated |
568732 |
5331340 |
195 |
-27 |
305 |
NSV |
56-757 |
Amalgamated |
568729 |
5331340 |
190 |
-38 |
351 |
NSV |
56-759 |
Amalgamated |
568731 |
5331340 |
203 |
4 |
335 |
NSV |
56-760 |
Amalgamated |
568732 |
5331340 |
199 |
-3 |
335 |
NSV |
56-761 |
Amalgamated |
568731 |
5331340 |
196 |
3 |
351 |
NSV |
56-762 |
Amalgamated |
568729 |
5331340 |
192 |
8 |
351 |
NSV |
56-763 |
Amalgamated |
568732 |
5331340 |
189 |
3 |
351 |
NSV |
56-765 |
Amalgamated |
568729 |
5331340 |
186 |
8 |
380 |
NSV |
56-766 |
Amalgamated |
568732 |
5331340 |
183 |
2 |
381 |
NSV |
56-767 |
Amalgamated |
568732 |
5331340 |
180 |
8 |
396 |
NSV |
56-769 |
Amalgamated |
568728 |
5331341 |
204 |
-60 |
427 |
NSV |
56-772 |
Amalgamated |
568731 |
5331339 |
206 |
-23 |
290 |
243.8 |
246.9 |
3.0 |
4.0 |
56-773 |
Amalgamated |
568731 |
5331339 |
208 |
-15 |
290 |
242.3 |
246.0 |
3.7 |
6.5 |
56-774 |
Amalgamated |
568731 |
5331339 |
210 |
-19 |
290 |
243.1 |
252.7 |
9.6 |
4.8 |
|
|
|
|
|
|
|
|
|
|
|
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
56-775 |
Amalgamated |
568728 |
5331341 |
212 |
-22 |
290 |
250.2 |
256.6 |
6.4 |
6.5 |
Including |
|
|
|
|
|
|
251.2 |
252.4 |
1.2 |
17.1 |
56-776 |
Amalgamated |
568731 |
5331339 |
213 |
-31 |
290 |
NSV |
56-777 |
Amalgamated |
568731 |
5331339 |
214 |
-18 |
290 |
244.1 |
253.0 |
9.0 |
8.3 |
Including |
|
|
|
|
|
|
244.7 |
246.2 |
1.5 |
17.0 |
Including |
|
|
|
|
|
|
252.4 |
253.0 |
0.7 |
23.1 |
56-778 |
Amalgamated |
568731 |
5331339 |
219 |
-23 |
335 |
NSV |
56-779 |
Amalgamated |
568731 |
5331339 |
222 |
-21 |
290 |
243.5 |
245.5 |
2.0 |
5.0 |
56-779 |
Amalgamated |
568731 |
5331339 |
222 |
-21 |
290 |
251.2 |
253.2 |
2.0 |
6.5 |
56-780A |
Amalgamated |
568728 |
5331340 |
222 |
-32 |
305 |
NSV |
56-781 |
Amalgamated |
568728 |
5331340 |
223 |
-24 |
290 |
249.5 |
254.2 |
4.7 |
5.3 |
57-689* |
Amalgamated |
569221 |
5331373 |
267 |
-40 |
277 |
94.5 |
97.5 |
3.0 |
164.8 |
57-703* |
Amalgamated |
569221 |
5331374 |
273 |
-46 |
168 |
101.3 |
103.3 |
2.0 |
26.7 |
57-704* |
Amalgamated |
569221 |
5331374 |
260 |
-44 |
152 |
79.2 |
82.6 |
3.3 |
429.1 |
57-878 |
Amalgamated |
568934 |
5331173 |
25 |
-65 |
518 |
20.4 |
22.9 |
2.4 |
8.9 |
Including |
|
|
|
|
|
|
20.4 |
21.0 |
0.5 |
30.0 |
57-879 |
Amalgamated |
568935 |
5331174 |
11 |
-50 |
396 |
16.2 |
18.3 |
2.1 |
3.9 |
57-880 |
Amalgamated |
568934 |
5331172 |
11 |
-60 |
488 |
16.5 |
18.7 |
2.3 |
4.8 |
57-892 |
Amalgamated |
568936 |
5331174 |
45 |
-30 |
375 |
18.9 |
20.9 |
2.0 |
3.3 |
57-894 |
Amalgamated |
568936 |
5331174 |
45 |
-63 |
517 |
21.0 |
23.1 |
2.1 |
3.1 |
57-895 |
Amalgamated |
568936 |
5331174 |
52 |
-58 |
457 |
15.2 |
18.3 |
3.0 |
13.5 |
Including |
|
|
|
|
|
|
15.2 |
16.2 |
0.9 |
30.9 |
57-896 |
Amalgamated |
568936 |
5331174 |
56 |
-46 |
396 |
17.9 |
19.9 |
2.0 |
3.2 |
57-900 |
Amalgamated |
568935 |
5331173 |
357 |
-52 |
503 |
8.4 |
10.4 |
2.0 |
48.2 |
Including |
|
|
|
|
|
|
8.4 |
8.7 |
0.3 |
317.6 |
57-900 |
Amalgamated |
568935 |
5331173 |
357 |
-52 |
503 |
16.5 |
19.2 |
2.7 |
5.0 |
Including |
|
|
|
|
|
|
16.8 |
17.1 |
0.3 |
20.7 |
57-901 |
Amalgamated |
568935 |
5331173 |
4 |
-58 |
488 |
11.0 |
13.0 |
2.0 |
3.2 |
Including |
|
|
|
|
|
|
11.6 |
12.2 |
0.6 |
10.0 |
57-902 |
Amalgamated |
568935 |
5331174 |
9 |
-54 |
503 |
21.3 |
23.6 |
2.2 |
3.0 |
57-902 |
Amalgamated |
568935 |
5331174 |
9 |
-54 |
503 |
28.9 |
31.0 |
2.1 |
20.2 |
Including |
|
|
|
|
|
|
29.6 |
30.4 |
0.7 |
56.9 |
|
|
|
|
|
|
|
|
|
|
|
53-4111 |
Lower SMC |
568756 |
5331152 |
21 |
-62 |
366 |
NSV |
53-4112 |
Lower SMC |
568756 |
5331153 |
25 |
-58 |
351 |
NSV |
53-4113 |
Lower SMC |
568756 |
5331153 |
29 |
-54 |
348 |
285.4 |
287.5 |
2.0 |
3.9 |
53-4114 |
Lower SMC |
568755 |
5331153 |
31 |
-48 |
335 |
264.0 |
266.0 |
2.0 |
33.3 |
Including |
|
|
|
|
|
|
264.5 |
264.9 |
0.4 |
177.6 |
53-4115 |
Lower SMC |
568755 |
5331153 |
24 |
-45 |
320 |
264.6 |
266.6 |
2.0 |
4.7 |
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
53-4116A |
Lower SMC |
568755 |
5331153 |
21 |
-41 |
381 |
229.5 |
231.5 |
2.0 |
22.0 |
Including |
|
|
|
|
|
|
230.0 |
230.3 |
0.3 |
121.9 |
53-4116A |
Lower SMC |
568755 |
5331153 |
21 |
-41 |
381 |
248.4 |
250.4 |
2.0 |
34.1 |
Including |
|
|
|
|
|
|
249.0 |
249.6 |
0.6 |
110.6 |
53-4116A |
Lower SMC |
568755 |
5331153 |
21 |
-41 |
381 |
259.2 |
261.2 |
2.0 |
20.2 |
Including |
|
|
|
|
|
|
259.8 |
260.3 |
0.5 |
83.9 |
53-4117A |
Lower SMC |
568756 |
5331152 |
33 |
-65 |
384 |
NSV |
53-4118 |
Lower SMC |
568753 |
5331154 |
34 |
-43 |
363 |
255.4 |
257.5 |
2.1 |
24.6 |
53-4119 |
Lower SMC |
568756 |
5331152 |
46 |
-64 |
396 |
NSV |
53-4120 |
Lower SMC |
568753 |
5331154 |
41 |
-47 |
363 |
288.2 |
290.3 |
2.0 |
31.8 |
Including |
|
|
|
|
|
|
288.9 |
289.3 |
0.4 |
146.9 |
53-4121A |
Lower SMC |
568753 |
5331154 |
42 |
-42 |
351 |
282.7 |
284.7 |
2.0 |
14.8 |
Including |
|
|
|
|
|
|
283.3 |
284.2 |
0.9 |
31.9 |
53-4122 |
Lower SMC |
568753 |
5331154 |
51 |
-60 |
412 |
326.4 |
328.7 |
2.2 |
43.7 |
Including |
|
|
|
|
|
|
327.1 |
327.4 |
0.3 |
229.2 |
53-4123 |
Lower SMC |
568753 |
5331154 |
50 |
-54 |
409 |
320.6 |
323.1 |
2.4 |
42.6 |
Including |
|
|
|
|
|
|
321.6 |
321.9 |
0.3 |
142.8 |
53-4160 |
Lower SMC |
568756 |
5331152 |
22 |
-54 |
354 |
261.5 |
263.5 |
2.0 |
10.6 |
Including |
|
|
|
|
|
|
263.2 |
263.5 |
0.3 |
56.4 |
53-4160 |
Lower SMC |
|
|
|
|
|
295.4 |
298.4 |
3.0 |
19.6 |
53-4161A |
Lower SMC |
568756 |
5331152 |
22 |
-49 |
341 |
270.6 |
272.6 |
2.0 |
3.9 |
Including |
|
|
|
|
|
|
271.3 |
272.2 |
0.9 |
7.6 |
53-4162 |
Lower SMC |
568755 |
5331153 |
30 |
-50 |
344 |
279.2 |
282.4 |
3.2 |
19.3 |
Including |
|
|
|
|
|
|
279.2 |
279.5 |
0.3 |
121.5 |
Including |
|
|
|
|
|
|
281.9 |
282.4 |
0.5 |
53.4 |
53-4162 |
Lower SMC |
568755 |
5331153 |
30 |
-50 |
344 |
331.6 |
333.6 |
2.0 |
22.8 |
Including |
|
|
|
|
|
|
332.5 |
333.5 |
0.9 |
50.1 |
53-4164 |
Lower SMC |
568755 |
5331153 |
24 |
-43 |
323 |
NSV |
57-745 |
Lower SMC |
568933 |
5331172 |
349 |
-35 |
412 |
NSV |
57-752 |
Lower SMC |
568935 |
5331173 |
17 |
-62 |
472 |
NSV |
57-779 |
Lower SMC |
568936 |
5331173 |
357 |
-59 |
460 |
453.2 |
455.2 |
2.0 |
16.5 |
Including |
|
|
|
|
|
|
453.2 |
454.1 |
0.8 |
40.2 |
57-879 |
Lower SMC |
568935 |
5331174 |
11 |
-50 |
396 |
340.2 |
342.4 |
2.2 |
58.9 |
Including |
|
|
|
|
|
|
340.2 |
341.4 |
1.2 |
97.8 |
57-880 |
Lower SMC |
568934 |
5331172 |
11 |
-60 |
488 |
410.3 |
412.5 |
2.2 |
48.5 |
Including |
|
|
|
|
|
|
411.8 |
412.5 |
0.7 |
152.8 |
57-781 |
Lower SMC |
568934 |
5331172 |
358 |
-67 |
488 |
NSV |
57-790 |
Lower SMC |
568933 |
5331172 |
347 |
-42 |
427 |
NSV |
57-794 |
Lower SMC |
568933 |
5331173 |
1 |
-40 |
427 |
NSV |
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
57-795 |
Lower SMC |
568933 |
5331173 |
6 |
-45 |
412 |
NSV |
57-805 |
Lower SMC |
568933 |
5331172 |
357 |
-55 |
396 |
NSV |
57-808A |
Lower SMC |
568934 |
5331173 |
18 |
-52 |
396 |
NSV |
57-840 |
Lower SMC |
568934 |
5331172 |
5 |
-64 |
472 |
NSV |
57-841 |
Lower SMC |
568934 |
5331172 |
5 |
-62 |
457 |
NSV |
57-842 |
Lower SMC |
568934 |
5331172 |
13 |
-66 |
488 |
NSV |
57-877 |
Lower SMC |
568933 |
5331172 |
25 |
-62 |
457 |
NSV |
57-878 |
Lower SMC |
568934 |
5331173 |
25 |
-65 |
518 |
NSV |
57-894 |
Lower SMC |
568936 |
5331174 |
45 |
-63 |
517 |
NSV |
57-895 |
Lower SMC |
568936 |
5331174 |
52 |
-58 |
457 |
NSV |
57-900 |
Lower SMC |
568935 |
5331173 |
357 |
-52 |
503 |
368.8 |
372.5 |
3.7 |
3.9 |
57-901 |
Lower SMC |
568935 |
5331173 |
3 |
-60 |
488 |
425.9 |
427.9 |
2.0 |
28.5 |
Including |
|
|
|
|
|
|
426.7 |
427.3 |
0.6 |
88.3 |
57-902 |
Lower SMC |
568935 |
5331174 |
9 |
-54 |
503 |
364.3 |
366.4 |
2.0 |
20.7 |
Including |
|
|
|
|
|
|
364.8 |
365.1 |
0.3 |
109.6 |
57-903 |
Lower SMC |
568935 |
5331173 |
12 |
-61 |
488 |
412.7 |
415.1 |
2.4 |
103.3 |
Including |
|
|
|
|
|
|
412.7 |
413.0 |
0.3 |
168.3 |
Including |
|
|
|
|
|
|
413.9 |
414.2 |
0.3 |
542.0 |
57-904 |
Lower SMC |
568935 |
5331173 |
17 |
-66 |
503 |
456.5 |
458.5 |
2.0 |
15.8 |
Including |
|
|
|
|
|
|
458.1 |
458.4 |
0.3 |
65.7 |
57-905 |
Lower SMC |
568936 |
5331173 |
25 |
-64 |
503 |
17.2 |
19.4 |
2.2 |
4.0 |
Including |
|
|
|
|
|
|
17.2 |
17.5 |
0.3 |
11.4 |
57-906 |
Lower SMC |
568935 |
5331174 |
25 |
-61 |
472 |
413.5 |
415.5 |
2.0 |
14.6 |
Including |
|
|
|
|
|
|
413.5 |
414.6 |
1.1 |
27.2 |
57-907 |
Lower SMC |
568935 |
5331173 |
28 |
-63 |
488 |
NSV |
57-946 |
Lower SMC |
568935 |
5331173 |
23 |
-65 |
521 |
428.5 |
430.7 |
2.1 |
6.0 |
Including |
|
|
|
|
|
|
428.5 |
428.9 |
0.3 |
21.9 |
57-947 |
Lower SMC |
568936 |
5331173 |
35 |
-68 |
536 |
449.0 |
451.0 |
2.0 |
8.1 |
57-947 |
Lower SMC |
568936 |
5331173 |
|
|
|
454.8 |
456.9 |
2.1 |
22.4 |
Including |
|
|
|
|
|
|
454.8 |
455.1 |
0.3 |
148.6 |
57-948 |
Lower SMC |
568936 |
5331173 |
39 |
-64 |
503 |
450.3 |
452.5 |
2.2 |
34.6 |
Including |
|
|
|
|
|
|
450.6 |
451.0 |
0.3 |
182.2 |
57-975 |
Lower SMC |
568936 |
5331173 |
26 |
-61 |
457 |
394.1 |
398.4 |
4.3 |
49.5 |
Including |
|
|
|
|
|
|
394.1 |
395.3 |
1.2 |
164.9 |
57-976 |
Lower SMC |
568936 |
5331174 |
35 |
-61 |
457 |
405.9 |
408.0 |
2.1 |
38.0 |
Including |
|
|
|
|
|
|
406.2 |
406.5 |
0.3 |
199.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Macassa Exploration 2020 |
Drill Hole |
Zone |
COLLARS - UTM NAD 83 |
Direction |
|
Core Interval |
Results |
Easting |
Northing |
Azimuth (°) |
Dip |
End Depth
(m) |
From (m) |
To (m) |
Length (m) |
Au_GPT |
57-976 |
Lower SMC |
568936 |
5331174 |
35 |
-61 |
457 |
431.2 |
433.2 |
2.0 |
41.2 |
Including |
|
|
|
|
|
|
431.7 |
432.3 |
0.6 |
135.5 |
57-977 |
Lower SMC |
568935 |
5331174 |
35 |
-58 |
427 |
358.6 |
360.6 |
2.0 |
3.1 |
Including |
|
|
|
|
|
|
359.1 |
359.4 |
0.3 |
17.1 |
|
|
|
|
|
|
|
|
|
|
|
57-992 |
SMC |
569271 |
5331688 |
248 |
-16 |
427 |
365.5 |
379.9 |
14.5 |
253.7 |
Including |
|
|
|
|
|
|
368.5 |
369.1 |
0.6 |
1,572.9 |
Including |
|
|
|
|
|
|
371.6 |
372.2 |
0.6 |
1,265.1 |
Including |
|
|
|
|
|
|
374.1 |
374.4 |
0.3 |
1,313.5 |
57-689** |
SMC |
569221 |
5331373 |
267 |
-40 |
277 |
67.5 |
69.5 |
2.0 |
100.1 |
57-703** |
SMC |
569221 |
5331374 |
273 |
-46 |
168 |
45.5 |
49.1 |
3.6 |
37.7 |
57-704** |
SMC |
569221 |
5331374 |
260 |
-44 |
152 |
70.5 |
74.6 |
4.1 |
101.1 |
Notes:
- True widths are not known at this
time.
* Previously reported
Intercept **Previously
unreported Intercept
Photos accompanying this announcement are
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bd9300f-4e22-45aa-b4a9-d8cc78723c49
https://www.globenewswire.com/NewsRoom/AttachmentNg/75ee8797-407b-42c6-817b-2e54258374b9
https://www.globenewswire.com/NewsRoom/AttachmentNg/e890c539-0210-4c56-8b16-2f0c53e4648c
https://www.globenewswire.com/NewsRoom/AttachmentNg/02ac5889-fe46-4c5b-9b7c-a76874af6d2d
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