Kirkland Lake Gold: Receives drill results from Detour Lake

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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.
  • 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
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