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Kirkland Lake Gold reports high grade mineralisation on South Claims JV

24 November 2009

Kirkland Lake Gold and Queenston Mining have reported high grade mineralisation from the latest drill testing at their jointly held South Claims joint venture property in Kirkland Lake, Ontario.

The South Claims JV lies within the South Mine Complex (SMC) and the HM joint venture property, both of which are south of Kirkland Lake Gold’s Macassa Mine.

Five new diamond drill holes, from one of the various exploration programmes conducted on the SMC, were completed on the Kirkland Lake Gold 5300 level drift along the South Claims boundary. Three of the four holes testing the New South Zone returned high grade intersections. A fifth hole was drilled to verify the location of a strong fault south of the 5300 level drift.

Intersections from the underground drilling programme included 5.12 ounces of gold per ton uncut over a true width of 6.3 feet and 5.11 ounces per ton uncut over a true width of 6.1 feet.

In addition to the underground drilling program, the joint venture completed one pilot hole and three wedge holes from surface on the HM property. High-grade mineralization was intersected in three of the four holes.

The companies said that although the intercepts were at elevations similar to the South Mine Complex to the west, it was too early to determine the relationship between the new intersections and the SMC.






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