Kirkland Lake continues Fosterville hot streak

Kirkland Lake Gold has uncovered more high-grade results from its underground drilling programs at the Fosterville gold mine near Bendigo in Victoria.

The company’s recent drilling at the Swan zone included an intercept of 87.6 grams per tonne of gold over 7.6 metres, with activities throughout the Lower Phoenix system confirming significant continuity of mineralisation adjacent to existing mineral reserves.

In addition, underground infill drilling into Swan mineral reserves continues to return exceptional results containing visible gold, giving Kirkland Lake confidence in its mine plan for the operation.

This comes after the announcement of the discovery of a large mineralised system at Robbin’s Hill last week, which was dubbed as potentially being a second Fosterville mine.

Kirkland Lake president and chief executive officer Tony Makuch said the company had returned extremely promising results through its extended exploration program at Fosterville, setting the company up for a big year of drilling in 2020.

“We have an extensive exploration program at Fosterville covering the Lower Phoenix down-plunge of Swan, Cygnet, Harrier and Robbin’s Hill,” Makuch said.

“Today’s results focussing on the Lower Phoenix area are encouraging, as they include the extension of high-grade VG-bearing mineralisation 80 metres down-plunge of the Swan zone, demonstrating Lower Phoenix is an extremely large gold system.

“In addition, we continue to get strong results from drilling the Cygnet zone.”

Kirkland Lake is also progressing well with other components of its exploration, including offset target drilling at Harrier South.

While Harrier South drilling is at an early stage, the company has already intersected quartz veins with similar VG texture to those found in the Swan zone.

Harrier South is set to become a high priority target for the company throughout 2020.

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