Kirkland Lake Gold Update on Detour Lake Mine

Kirkland Lake Gold Ltd announced results from 25 holes (19,523 m) and one wedge hole (1,110 m) of drilling at the Detour Lake property. The new holes being
Kirkland Lake Gold Update on Detour Lake Mine
Kirkland Lake Gold Detour Lake MineKirkland Lake Gold

Kirkland Lake Gold Ltd announced results from 25 holes (19,523 m) and one wedge hole (1,110 m) of drilling at the Detour Lake property. The new holes being reported are the third batch of results from the recently announced 250,000 m exploration program, which the Company is targeting for completion by the end of 2021. The program is being completed to collect information for an updated, and potentially expanded, Mineral Reserve as well as to support the completion of a new production plan. Most of the new holes announced today are from drilling in the Saddle Zone, located between the Main Pit and West Pit locations, which has been underexplored and has no Mineral Reserves and only limited Mineral Resources. Several new holes are also being announced from the area west of the West Pit, which also contains only limited past drilling.

Drilling in the east portion of the Saddle Zone included nine holes (7,586 m) and targeted areas along the Detour Mine Trend directly west of the Main Pit Mineral Reserve shell between surface and 500 m below. Significant results from the drilling including: 4.38 gpt over 31.0 m, including 47.46 gpt over 2.0 m and 5.45 gpt over 3.2 m, from hole DLM-20-028, 1.50 gpt over 75.0 m, including 3.59 gpt over 23.0 m, 1.33 gpt over 14.7 m, 0.87 gpt over 30.9 m and 0.78 gpt over 21.0 m from hole DLM-20-035, 1.11 gpt over 58.0 m and 0.73 gpt over 34.0 m from hole DLM-20-026 and 1.12 gpt over 46.0 m, 0.69 gpt over 17 m and 3.02 gpt over 4.0 m from hole DLM-20-020. All of these new holes were designed to intersect the DMT between surface and 200 m below and strongly confirmed the continuation of the DMT west of the current Main pit reserve.

Additional significant results from this area include: 4.02 gpt over 43.0 m, including 37.19 gpt over 3.0 m, 2.58 gpt over 70.9 m, including 31.05 gpt over 2.0 m, 1.00 gpt over 51.8 m, 0.78 gpt over 87.8 m and 1.40 gpt over 28.0 m from hole DLM-20-025A, 1.99 gpt over 55.4 m, 1.35 gpt over 63.0 m, 1.26 gpt over 76.0 m, 1.67 gpt over 37.0 m, 1.49 gpt over 36.3 m and 0.94 gpt over 65.0 m from hole DLM-20-041 and 1.64 gpt over 62.8 m, including 2.43 gpt over 34.8 m, 0.80 gpt over 68.0 m, 0.81 gpt over 74.0 m and 2.30 gpt over 14.0 m from hole DLM-20-039 which targeted the DMT between 200 and 450 m below surface. As with the new near surface holes the drilling here strongly confirms the extension of mineralization westwards from the Main pit as well as results from previously reported from DLM-20-014A which intersected 1.42 gpt over 78.0 m, 1.08 gpt over 51.0 m, 1.21 gpt over 43.0 m and 0.90 gpt over 51.0 m (see press release dated September 9, 2020) in the area approximately 75 m east of DLM-20- 025.

Drilling in the central portion of the Saddle Zone included five holes (4,563.5 m) and targeted the DMT approximately midway between the current reserve pits for the Main and West pits and between 100 and 500 m below surface. Significant results from the drilling include: 1.10 over 67.0 m, 2.53 gpt over 18.0 m, 0.83 gpt over 27.7 m, and 0.94 gpt over 24.0 m, including 15.91 gpt over 2.0 m, from hole DLM-20-022, 2.65 gpt over 24.0 m, including 9.14 gpt over 5.0 m, 0.80 gpt over 79.0 m, 1.94 gpt over 13.6 m, from hole DLM-20-046B and 0.72 gpt over 76.0 m from hole DLM-20-44 which targeted the DMT between 100 and 250 m below surface. All of three of the new holes are considered highly successful and strongly demonstrate the continuity of mineralization along the DTM through the central part of the Saddle Zone and its extension to surface. The new intersections in hole DLM-20-046B are located approximately 100 m above previously reported results from Hole DLM-20-016 which included 1.10 gpt over 142 m, including 9.39 gpt over 2.0 m, 2.15 gpt over 16.0 m and 1.23 gpt over 12.0 m (see press release dated September 9, 2020).

Additional significant results from this area include: 8.13 gpt over 17.0 m, including 22.51 gpt over 5.9 m, 2.63 gpt over 21.3 m, including 20.39 gpt over 2.0 m; 2.34 gpt over 42.7 m, including 25.60 gpt over 2.5 m and 1.06 gpt over 40.0 m from DLM-20-037 and 1.54 gpt over 13.0, 0.89 gpt over 49.8 m and 0.82 gpt over 54.7 m from DLM-20-19 which intersected the DMT between 400 and 550 m below surface, demonstrating strong potential for expansion of the system to depth.

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