Dual-listed gold miner Kirkland Lake Gold has reported exploration results from both surface and underground drilling at its Taylor mine in northeast Ontario, Canada, returning huge results in the process.
A new gold zone intersected 500m below the existing infrastructure of the West Porphyry deposit returned a massive 45.2 grams a tonne (g/t) of gold over 2.4m, which included a 0.8m area at 75.5g/t.
Underground drilling between the West Porphyry and Shaft deposits returned 19g/t over 6.1m, including 44.4g/t over 1.7m.
Surface drilling returned key intercepts of 10g/t of gold over 5.9m, 38g/t of gold over 1.2m and 2.9g/t of gold over 6m.
In total, 60 new holes were drilled as part of surface drilling for 26,257m and 31 holes for 5512m of underground drilling.
Tony Makuch, president and chief executive officer of Kirkland Lake Gold commented that the drilling tied into company plans to increase annual production at the Taylor mine to a million ounces. Current company expectations for 2018 stand at 620,000oz.
“Today’s drill results are very encouraging as they demonstrate the considerable growth potential that exists at multiple locations around our existing deposits at Taylor,” he said.
“With our latest high-grade intersections 1.1km, 1.3km and 2.9km east of the Shaft Deposit, future drilling will focus less on further expansion and more on drilling within this very large mineralised area to determine its full potential.
“Our exploration program at Taylor is continuing with four surface drills and one underground drill in operation as we continue our work to grow the mine’s mineral resource and mineral reserves.”
The Taylor mine is the newest of Kirkland Lake’s Canadian operations; following on from the Holt and Macassa mines (also in Ontario), it commenced operation in late 2015. The company’s Australian operations include Fosterville in Victoria and Cosmo in the Northern Territory, which is currently undergoing care and maintenance.