{"id":1179954,"date":"2020-04-22T18:37:17","date_gmt":"2020-04-22T23:37:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1021421"},"modified":"2020-04-22T18:37:17","modified_gmt":"2020-04-22T23:37:17","slug":"kirkland-lake-expands-smc-to-the-east-traces-new-corridor-at-macassa","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1179954","title":{"rendered":"Kirkland Lake expands SMC to the east, traces new corridor at Macassa"},"content":{"rendered":"<p>Kirkland Lake Gold\u00a0(TSE: KL) has released the results of 19 drill holes as well as assays for 15 historical unreported and reinterpreted holes from the Macassa mine in Ontario. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>These results expand the South Mine Complex (SMC) by at least 75 metres to the east of the current resource limits and suggest a new corridor of high-grade mineralization at depth along the prospective Main Break structure.<\/p>\n<p>The drill highlights include 2.1 metres of 43.1 g\/t gold, 2.3 metres of 31 g\/t gold and 4.2 metres of 19.3 g\/t gold from the eastern potion of the SMC. These were drilled from the 5,300 level at the mine and step-out the limits of the SMC mineralization.<\/p>\n<p>The company completed an additional hole to test the Main Break structure below a historical shaft \u2013 this intercept returned 2.4 metres of 141.1 g\/t gold and 2 metres of 9.7 g\/t gold near the 6,850 level. <\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>The newly identified corridor remains open with additional development planned into this high-grade zone ahead of follow-up exploration<\/p>\n<\/blockquote>\n<\/figure>\n<p>This intersection, within 650 metres of the #4 shaft being developed, is interpreted as part of a new corridor of high-grade mineralization along the Main Break, which extends over a length of 700 metres and is 300 metres high. Reinterpretation of historical unreported holes supports this hypothesis, with intercepts such as 2.1 metres of 27.7 g\/t gold, 2 metres of 19.7 g\/t gold and 2.4 metres of 18.5 g\/t gold.<\/p>\n<p>The newly identified corridor remains open with additional development planned into this high-grade zone ahead of follow-up exploration.<\/p>\n<p>\u201cWe are extremely encouraged by the exploration results being announced today, which include the continued extension of the SMC as well as the identification of a large area of high-grade mineralization along the historic Main Break located in close proximity to the location of our new #4 shaft (currently under development),\u201d Tony Makuch, the company\u2019s president and CEO, said in a release. <\/p>\n<p>\u201cWhile the resurgence of mining in Kirkland Lake over the last 10-15 years has been driven by the discovery and growth of the SMC, we have always recognized that the Main Break remains a highly prospective target for additional exploration success and mineral resource growth.\u201d<\/p>\n<p>Makuch added that the Main Break has been the primary source of the 25 million oz. of historic gold production from the Kirkland Lake camp.<\/p>\n<p>Exploration drilling at the Macassa mine has been temporarily suspended as a precautionary measure due to covid-19, as part of the company\u2019s suspension of non-essential work.<\/p>\n<p>The first phase of the #4 shaft is expected to be completed in the second quarter of 2022, with phase two following once production starts from phase one.<\/p>\n<p>Kirkland Lake&#8217;s stock was trading up nearly 9% on the TSE at market close. The company has a C$16.2 billion market capitalization. <\/p>\n<p><em>(This article first appeared in the <a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\" aria-label=\"Canadian Mining Journal (opens in a new tab)\">Canadian Mining Journal<\/a>) <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The newly identified corridor remains open with additional development planned into this high-grade zone ahead of follow-up exploration.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179954"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1179954"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179954\/revisions"}],"predecessor-version":[{"id":1180136,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179954\/revisions\/1180136"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1179954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1179954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1179954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}