Kirkland Lake Gold: Receives drill results from Detour Lake

  • Kirkland Lake Gold (KLA) has received drill results from its Canadian Detour Lake mine in Northern Ontario
  • The results from 30 drill-holes are part of a program to collect information for an updated, and potentially expanded, mineral reserve and to support a new production plan which expected early next year
  • Significant intercepts included 13.95g/t gold over 26.9 metres, including 108.94g/t gold over 2.8 metres as well as 17.11g/t gold over 2.4 metres from the central Saddle Zone
  • Kirkland believes these results also confirm continuity of mineralisation to the west and below the Main Pit reserve and resource pit shells
  • The company says the results confirm the potential for strong growth in mineral resources and mineral reserves to support future open-pit and underground mining
  • Kirkland shares are up 2.7 per cent trading at $46.22 cents each
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment.Highlights: Klarna's stock falls sharply after reporting unexpected Q4...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers.Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation.Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech.Highlights: Forbes Fintech 50 adds 20 new companies to...