SYS-CON MEDIA Authors: Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel, Peter Silva

News Feed Item

Surface Drilling Extends Amalgamated Break Zones 500 Feet East; Drill Hole AB-13-118 Assays 5.54 Ounces of Gold Per Ton (189.94 Grams of Gold Per Tonne) Over 0.9 Feet (0.3m) True Width

KIRKLAND LAKE, ONTARIO -- (Marketwired) -- 03/10/14 -- Kirkland Lake Gold Inc. (the Company) (TSX:KGI)(AIM:KGI), an operating and exploration gold company, is pleased to announce recent drilling results from its ongoing surface diamond drilling exploration program. This latest program utilized one drill rig on the South Claims Property (See Figure 1), in a continuing effort to define potential near surface resources.

Mr. George Ogilvie, CEO commented, "We are further encouraged with the results of our surface program and the continued extension of the mineralized zone to the east. This will be the first year that this near surface mineralization will be brought into a compliant NI43-101 resource, when it is released (expected this spring). Beyond that, we will look to continue expanding the resource with the ultimate goal of creating a NI43-101 reserve model. To date the mineralization remains open both across strike and 1,000 feet below surface."

This phase of the surface exploration program was a continuation of the ongoing exploration program defining near surface mineralization associated with the Amalgamated Break. The exploration area described herein is immediately east of the area outlined in the Company's news release dated June 18, 2013. The program was designed to test for gold mineralization down to 1,000 feet below surface.

The following are some of the highlights of the drilling program:


--  Drill hole AB-13-118 intersected Zone 1 and returned 5.54 opt uncut over
    1.0 foot of core length (0.9 feet true width). This intersection is
    approximately 680 feet below surface and contained visible gold. 
    
--  Drill hole AB-13-33 intersected Zone 1 and returned 0.67 ounces per ton
    (opt) over 5.0 feet of core length (4.2 feet true width). This hole also
    intersected Zone 2 and returned 1.22 opt over 1.0 foot of core length
    (0.8 feet true width). 
    
--  Drill hole AB-13-62 intersected Zone 2 and returned 5.18 opt uncut over
    1.1 feet of core length (1.1 feet true width). This intersection is
    approximately 450 feet below surface and contained visible gold. 
    
--  Current drilling has successfully defined high grade gold mineralization
    on both Zone 1 and Zone 2 (previously discovered and described in the
    Company's new release dated June 18, 2013) down to approximately 800
    feet below surface (See Figures 2 and 3). Previous drilling had only
    seen high grade gold values on these two zones above the 400 foot
    elevation. 
    
--  This phase of drilling has intersected high grade gold values within
    Zone 1 and Zone 2 approximately 500 feet east of the previously defined
    limit.

This drill program was carried out utilizing one drill rig on surface. Drilling activities will continue to focus on defining gold mineralization both east and west of the known limits of all three currently defined zones which are associated with the Amalgamated Break.

The following figures, relating to information in this release, may be viewed at the Company's website at www.klgold.com.


--  Figure 1 - plan view showing the location of the current surface drill
    program. 
--  Figure 2 - long section showing current Zone 1 intercepts. 
--  Figure 3 - long section showing current Zone 2 intercepts. 

The following table summarizes the latest drilling results in imperial values:

SOUTH CLAIMS SURFACE EXPLORATION


----------------------------------------------------------------------------
                                    HOLE                                    
DRILL              FROM     TO       DIP   AZIMUTH            ASSAY         
HOLE No.  ZONE   (feet) (feet) (degrees) (degrees)      (oz per ton/feet)   
----------------------------------------------------------------------------
                                                    5.54/1.0' CL=0.9' TW, VG
                                                      3.50/1.0' CL=0.9' TW, 
                                                             (i)CUT         
          Zone 1  815.7  816.7                        0.02/2.0' CL (TW Not  
AB-13-118 Zone 2  889.3  891.3       -57       329         Calculated)      
----------------------------------------------------------------------------
          Zone 1  407.0  412.0                      0.67/5.0' CL=4.2' TW, VG
          Incl.   410.8  412.0                        1.82/1.2' CL=1.0' TW  
AB-12-33  Zone 2  479.7  480.7       -79       327  1.22/1.0' CL=0.8' TW, VG
----------------------------------------------------------------------------
                                                    0.30/2.5' CL=2.5' TW, VG
                                                    5.18/1.1' CL=1.1' TW, VG
          Zone 1  523.5  526.0                        3.50/1.1' CL=1.1' TW, 
AB-13-62  Zone 2  591.5  592.6       -47       333           (i)CUT         
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-21  Zone 2                     -88       327             NSV          
----------------------------------------------------------------------------
                                                      0.01/1.9' CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-22  Zone 2  495.3  497.2       -79       327             NSV          
----------------------------------------------------------------------------
                                                      0.02/2.7' CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-23  Zone 2  462.1  464.8       -70       327             NSV          
----------------------------------------------------------------------------
                                                      0.08/3.5' CL (TW Not  
                                                           Calculated)      
          Zone 1  493.5  497.0                        0.04/3.0' CL (TW Not  
AB-12-32  Zone 2  590.0  593.0       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.03/3.0' CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-34  Zone 2  397.0  400.0       -70       327             NSV          
----------------------------------------------------------------------------
                                                      0.02/1.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  372.7  373.7                        0.02/1.0' CL (TW Not  
AB-12-35  Zone 2  409.4  410.4       -58       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.02/1.0' CL (TW Not  
AB-12-36  Zone 2  382.0  383.0       -45       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.06/5.5' CL (TW Not  
AB-12-41  Zone 2  672.5  678.0       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.05/4.0' CL (TW Not  
AB-12-42  Zone 2  524.4  528.4       -79       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.10/1.5' CL (TW Not  
                                                           Calculated)      
          Zone 1  437.6  439.1                        0.03/2.4' CL (TW Not  
AB-12-43  Zone 2  472.6  475.0       -70       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.09/1.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  404.3  405.3                        0.11/2.3' CL (TW Not  
AB-12-44  Zone 2  440.9  443.2       -58       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.01/2.0' CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-45  Zone 2  387.2  389.2       -45       327             NSV          
----------------------------------------------------------------------------
                                                      0.07/1.3' CL (TW Not  
                                                           Calculated)      
          Zone 1 1112.4 1113.7                        0.03/1.0' CL (TW Not  
AB-12-74  Zone 2 1170.0 1171.0       -45       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.04/1.0' CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-76  Zone 2  891.7  892.7       -84       327             NSV          
----------------------------------------------------------------------------
          Zone 1  547.2  548.2                        0.21/1.0' CL=1.0' TW  
AB-12-77  Zone 2  583.0  586.0       -55       313    0.19/3.0' CL=2.9' TW  
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-78A Zone 2  652.5  653.5       -65       306    0.15/1.0' CL=0.8' TW  
----------------------------------------------------------------------------
          Zone 1  556.2  557.5                      0.31/1.3' CL=1.3' TW, VG
AB-12-79  Zone 2  606.0  607.0       -45       314    0.47/1.0' CL=1.0' TW  
----------------------------------------------------------------------------
          Zone 1                                      3.22/1.0' CL=1.0' TW  
AB-12-81  Zone 2 1116.0 1117.0       -45       327             NSV          
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-82  Zone 2                     -88       306             NSV          
----------------------------------------------------------------------------
AB-12-83  Zone 1  687.5  689.3       -78       306  0.84/1.8' CL=1.4' TW, VG
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-01  Zone 2                     -52       346             NSV          
----------------------------------------------------------------------------
                                                      0.01/1.1' CL (TW Not  
          Zone 1  539.3  540.4                             Calculated)      
AB-13-03  Zone 2  613.5  615.7       -61       346    0.14/2.2' CL=2.0' TW  
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.07/1.6' CL (TW Not  
AB-13-04  Zone 2  568.2  569.8       -45       346         Calculated)      
----------------------------------------------------------------------------
                                                      0.16/1.0' CL=0.7' TW  
          Zone 1  614.9  615.9                        0.01/8.2' CL (TW Not  
AB-13-11  Zone 2  654.6  662.8       -65       360         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.08/2.0' CL (TW Not  
AB-13-12  Zone 2  630.0  632.0       -55       360         Calculated)      
----------------------------------------------------------------------------
                                                      0.07/1.3' CL (TW Not  
                                                           Calculated)      
          Zone 1  591.9  593.2                        0.01/1.0' CL (TW Not  
AB-13-13  Zone 2  618.8  619.8       -45       360         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-29  Zone 2  355.4  357.6       -88       327    0.64/2.2' CL=1.4' TW  
----------------------------------------------------------------------------
                                                      0.05/5.4' CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-30  Zone 2  196.8  202.2       -65       327             NSV          
----------------------------------------------------------------------------
                                                      0.06/11.8' CL (TW Not 
          Zone 1  145.8  157.6                             Calculated)      
AB-13-31  Zone 2  250.0  253.0       -45       327    0.14/3.0' CL=2.9' TW  
----------------------------------------------------------------------------
                                                      0.02/2.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  214.5  216.5                        0.02/3.0' CL (TW Not  
AB-13-34  Zone 2  285.0  288.0       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.05/3.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  141.3  144.3                        0.10/2.2' CL (TW Not  
AB-13-35  Zone 2  214.9  217.1       -65       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.05/1.5' CL (TW Not  
AB-13-36  Zone 2  164.1  165.6       -45       327         Calculated)      
----------------------------------------------------------------------------
          Zone 1   51.9   52.9                        0.14/1.0' CL=0.8' TW  
AB-13-37  Zone 2  177.2  178.3       -45       327  0.87/1.1' CL=1.1' TW, VG
----------------------------------------------------------------------------
                                                    0.23/2.1' CL=1.9' TW, VG
          Zone 1  568.5  570.6                        0.04/2.0' CL (TW Not  
AB-13-63  Zone 2  639.6  641.6       -56       333         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.07/1.0' CL (TW Not  
AB-13-64  Zone 2  710.8  711.8       -65       337         Calculated)      
----------------------------------------------------------------------------
                                                      0.09/1.0' CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-65A Zone 2  679.0  680.0       -72       337             NSV          
----------------------------------------------------------------------------
                                                    1.39/3.9' CL=3.8' TW, VG
                                                      1.38/3.9' CL=3.8' TW, 
          Zone 1                                             (i)CUT         
           Incl.  857.8  861.7                        3.55/1.0' CL=1.0' TW  
AB-13-119 Zone 2  857.8  858.8       -61       309             NSV          
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.09/7.0' CL (TW Not  
AB-13-120 Zone 2  853.0  860.0       -51       309         Calculated)      
----------------------------------------------------------------------------
                                                      0.01/1.0' CL (TW Not  
          Zone 1  266.2  267.2                             Calculated)      
          Zone 2  295.0  302.6                        0.24/7.6' CL=6.6' TW  
AB-13-126 Incl.   301.6  302.6       -70       327    0.86/1.0' CL=0.9' TW  
----------------------------------------------------------------------------
                                                      0.01/2.0' CL (TW Not  
                                                           Calculated)      
          Zone 1   43.0   45.0                        0.02/3.0' CL (TW Not  
AB-13-127 Zone 2  130.0  133.0       -50       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.01/3.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  202.9  205.9                        0.04/1.2' CL (TW Not  
AB-13-128 Zone 2  262.5  263.7       -64       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.08/1.0' CL (TW Not  
                                                           Calculated)      
AB-13-    Zone 1  686.6  687.6                        0.04/2.0' CL (TW Not  
 140A     Zone 2  719.0  721.0       -56       317         Calculated)      
----------------------------------------------------------------------------
                                                      0.11/1.2' CL (TW Not  
                                                           Calculated)      
          Zone 1  772.3  773.5                        0.06/2.5' CL (TW Not  
AB-13-141 Zone 2  852.1  854.6       -69       329         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.05/1.9' CL (TW Not  
AB-13-142 Zone 2  683.9  685.8       -46       329         Calculated)      
----------------------------------------------------------------------------
                                                      0.23/1.0' CL=0.9' TW  
          Zone 1  664.2  665.2                        0.03/2.9' CL (TW Not  
AB-13-143 Zone 2  710.1  713.0       -56       341         Calculated)      
----------------------------------------------------------------------------
AB-13-    Zone 1                                    1.70/1.0' CL=0.9' TW, VG
 146A     Zone 2  854.0  855.0       -61       324             NSV          
----------------------------------------------------------------------------
                                                      0.03/1.7' CL (TW Not  
                                                           Calculated)      
          Zone 1  785.6  787.3                        0.03/3.3' CL (TW Not  
AB-13-147 Zone 2  822.2  825.5       -50       332         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                      0.23/1.0' CL=0.8' TW  
AB-13-148 Zone 2  911.6  912.6       -65       326             NSV          
----------------------------------------------------------------------------
                                                      0.02/1.0' CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-149 Zone 2  876.8  877.8       -61       327             NSV          
----------------------------------------------------------------------------
                                                      0.07/1.5' CL (TW Not  
                                                           Calculated)      
          Zone 1  822.2  823.7                        0.02/2.2' CL (TW Not  
AB-13-150 Zone 2  889.0  891.2       -50       327         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-163 Zone 2                     -71       326             NSV          
----------------------------------------------------------------------------
          Zone 1  828.6  831.0                        0.21/2.4' CL=2.3' TW  
AB-13-164 Zone 2  920.7  923.1       -65       326  0.59/2.4' CL=2.3' TW, VG
----------------------------------------------------------------------------
                                                      0.18/1.1' CL=1.0' TW  
          Zone 1  835.2  836.3                        0.05/2.1' CL (TW Not  
AB-13-165 Zone 2  902.9  905.0       -65       342         Calculated)      
----------------------------------------------------------------------------
                                                      0.12/1.0' CL (TW Not  
                                                           Calculated)      
          Zone 1  931.2  932.2                        0.03/1.0' CL (TW Not  
AB-13-169 Zone 2  962.2  963.2       -70       342         Calculated)      
----------------------------------------------------------------------------
TW = True Width, CL = Core Length, VG = Visible Gold, NSV=No Significant    
Values, (i)Cut = cut to 3.5 opt                                             
                                                                            
                                                                            
The following table summarizes the latest drilling results in metric values:
                                                                            
                      SOUTH CLAIMS SURFACE EXPLORATION                      
                                                                            
----------------------------------------------------------------------------
                                    HOLE                                    
DRILL              FROM     TO       DIP   AZIMUTH            ASSAY         
HOLE No.  ZONE      (m)    (m) (degrees) (degrees)  (grams per tonne/metres)
----------------------------------------------------------------------------
                                                     189.94/0.3m CL=0.3m TW,
                                                               VG           
                                                     120.00/0.3m CL=0.3m TW,
                                                             (i)CUT         
          Zone 1  248.6  248.9                        0.69/0.6m CL (TW Not  
AB-13-118 Zone 2  271.1  271.7       -57       329         Calculated)      
----------------------------------------------------------------------------
                                                     22.97/1.5m CL=1.3m TW, 
                                                               VG           
          Zone 1  124.1  125.6                        62.40/0.4m CL=0.3m TW 
          Incl.   125.2  125.6                       41.83/0.3m CL=0.2m TW, 
AB-12-33  Zone 2  146.2  146.5       -79       327             VG           
----------------------------------------------------------------------------
                                                     10.29/0.8m CL=0.7m TW, 
                                                               VG           
                                                     177.60/0.3m CL=0.3m TW,
                                                               VG           
          Zone 1  159.6  160.3                       120.00/0.3m CL=0.3m TW,
AB-13-62  Zone 2  180.3  180.6       -47       333           (i)CUT         
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-21  Zone 2                     -88       327             NSV          
----------------------------------------------------------------------------
          Zone 1                                      0.34/0.6m CL=0.6m TW  
AB-12-22  Zone 2  151.0  151.5       -79       327             NSV          
----------------------------------------------------------------------------
                                                      0.69/0.8m CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-23  Zone 2  140.8  141.7       -70       327             NSV          
----------------------------------------------------------------------------
                                                      2.74/1.1m CL (TW Not  
                                                           Calculated)      
          Zone 1  150.4  151.5                        1.37/0.9m CL (TW Not  
AB-12-32  Zone 2  179.8  180.7       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                      1.03/0.9m CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-34  Zone 2  121.0  121.9       -70       327             NSV          
----------------------------------------------------------------------------
                                                      0.69/0.3m CL (TW Not  
                                                           Calculated)      
          Zone 1  113.6  113.9                        0.69/0.3m CL (TW Not  
AB-12-35  Zone 2  124.8  125.1       -58       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      0.69/0.3m CL (TW Not  
AB-12-36  Zone 2  116.4  116.7       -45       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      2.06/1.7m CL (TW Not  
AB-12-41  Zone 2  205.0  206.7       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      1.71/1.2m CL (TW Not  
AB-12-42  Zone 2  159.8  161.1       -79       327         Calculated)      
----------------------------------------------------------------------------
                                                      3.43/0.5m CL (TW Not  
                                                           Calculated)      
          Zone 1  133.4  133.8                        1.03/0.7m CL (TW Not  
AB-12-43  Zone 2  144.0  144.8       -70       327         Calculated)      
----------------------------------------------------------------------------
                                                      3.09/0.3m CL (TW Not  
                                                           Calculated)      
          Zone 1  123.2  123.5                        3.77/0.7m CL (TW Not  
AB-12-44  Zone 2  134.4  135.1       -58       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.34/0.6m CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-45  Zone 2  118.0  118.6       -45       327             NSV          
----------------------------------------------------------------------------
                                                      2.40/0.4m CL (TW Not  
                                                           Calculated)      
          Zone 1  339.1  339.5                        1.03/0.3m CL (TW Not  
AB-12-74  Zone 2  356.6  356.9       -45       327         Calculated)      
----------------------------------------------------------------------------
                                                      1.47/0.3m CL (TW Not  
          Zone 1                                           Calculated)      
AB-12-76  Zone 2  271.8  272.1       -84       327             NSV          
----------------------------------------------------------------------------
          Zone 1  166.8  167.1                        7.20/0.3m CL=0.3m TW  
AB-12-77  Zone 2  177.7  178.6       -55       313    6.51/0.9m CL=0.9m TW  
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-78A Zone 2  198.9  199.2       -65       306    5.14/0.3m CL=0.2m TW  
----------------------------------------------------------------------------
                                                     10.63/0.4m CL=0.4m TW, 
          Zone 1  169.5  169.9                                 VG           
AB-12-79  Zone 2  184.7  185.0       -45       314    16.11/0.3m CL=0.3m TW 
----------------------------------------------------------------------------
          Zone 1                                     110.40/0.3m CL=0.3m TW 
AB-12-81  Zone 2  340.2  340.5       -45       327             NSV          
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-12-82  Zone 2                     -88       306             NSV          
----------------------------------------------------------------------------
                                                     28.80/0.5m CL=0.4m TW, 
AB-12-83  Zone 1  209.6  210.1       -78       306             VG           
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-01  Zone 2                     -52       346             NSV          
----------------------------------------------------------------------------
                                                      0.34/0.3m CL (TW Not  
          Zone 1  164.4  164.7                             Calculated)      
AB-13-03  Zone 2  187.0  187.7       -61       346    4.80/0.7m CL=0.6m TW  
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      2.40/0.5m CL (TW Not  
AB-13-04  Zone 2  173.2  173.7       -45       346         Calculated)      
----------------------------------------------------------------------------
                                                      5.49/0.3m CL=0.2m TW  
          Zone 1  187.4  187.7                        0.34/2.5m CL (TW Not  
AB-13-11  Zone 2  199.5  202.0       -65       360         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      2.74/0.6m CL (TW Not  
AB-13-12  Zone 2  192.0  192.6       -55       360         Calculated)      
----------------------------------------------------------------------------
                                                      2.40/0.4m CL (TW Not  
                                                           Calculated)      
          Zone 1  180.4  180.8                        0.43/0.3m CL (TW Not  
AB-13-13  Zone 2  188.6  188.9       -45       360         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-29  Zone 2  108.3  109.0       -88       327    21.94/0.7m CL=0.4m TW 
----------------------------------------------------------------------------
                                                      1.71/1.6m CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-30  Zone 2   60.0   61.6       -65       327             NSV          
----------------------------------------------------------------------------
                                                      2.06/3.6m CL (TW Not  
          Zone 1   44.4   48.0                             Calculated)      
AB-13-31  Zone 2   76.2   77.1       -45       327    4.80/0.9m CL=0.9m TW  
----------------------------------------------------------------------------
                                                      0.69/0.6m CL (TW Not  
                                                           Calculated)      
          Zone 1   65.4   66.0                        0.69/0.9m CL (TW Not  
AB-13-34  Zone 2   86.9   87.8       -88       327         Calculated)      
----------------------------------------------------------------------------
                                                      1.71/0.9m CL (TW Not  
                                                           Calculated)      
          Zone 1   43.1   44.0                        3.43/0.7m CL (TW Not  
AB-13-35  Zone 2   65.5   66.2       -65       327         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      1.71/0.5m CL (TW Not  
AB-13-36  Zone 2   50.0   50.5       -45       327         Calculated)      
----------------------------------------------------------------------------
                                                      4.80/0.3m CL=0.3m TW  
          Zone 1   15.8   16.1                       29.83/0.3m CL=0.3m TW, 
AB-13-37  Zone 2   54.0   54.3       -45       327             VG           
----------------------------------------------------------------------------
                                                    7.89/0.6m CL=0.6m TW, VG
          Zone 1  173.3  173.9                        1.37/0.6m CL (TW Not  
AB-13-63  Zone 2  195.0  195.6       -56       333         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      2.40/0.3m CL (TW Not  
AB-13-64  Zone 2  216.7  217.0       -65       337         Calculated)      
----------------------------------------------------------------------------
                                                      3.09/0.3m CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-65A Zone 2  207.0  207.3       -72       337             NSV          
----------------------------------------------------------------------------
                                                     47.66/1.2m CL=1.2m TW, 
                                                               VG           
                                                      5.90/1.2m CL=1.2m TW, 
          Zone 1                                             (i)CUT         
           Incl.  261.5  262.6                       121.78/0.3m CL=0.3m TW 
AB-13-119 Zone 2  261.5  261.8       -61       309             NSV          
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      3.09/2.1m CL (TW Not  
AB-13-120 Zone 2  260.0  262.1       -51       309         Calculated)      
----------------------------------------------------------------------------
                                                      0.34/0.3m CL (TW Not  
          Zone 1   81.1   81.4                             Calculated)      
          Zone 2   89.9   92.2                        8.23/2.3m CL=2.0m TW  
AB-13-126 Incl.    91.9   92.2       -70       327    29.49/0.3m CL=0.3m TW 
----------------------------------------------------------------------------
                                                      0.34/0.6m CL (TW Not  
                                                           Calculated)      
          Zone 1   13.1   13.7                        0.69/0.9m CL (TW Not  
AB-13-127 Zone 2   39.6   40.5       -50       327         Calculated)      
----------------------------------------------------------------------------
                                                      0.34/0.9m CL (TW Not  
                                                           Calculated)      
          Zone 1   61.8   62.8                        1.37/0.4m CL (TW Not  
AB-13-128 Zone 2   80.0   80.4       -64       327         Calculated)      
----------------------------------------------------------------------------
                                                      2.74/0.3m CL (TW Not  
                                                           Calculated)      
AB-13-    Zone 1  209.3  209.6                        1.37/0.6m CL (TW Not  
 140A     Zone 2  219.2  219.8       -56       317         Calculated)      
----------------------------------------------------------------------------
                                                      3.77/0.4m CL (TW Not  
                                                           Calculated)      
          Zone 1  235.4  235.8                        2.06/0.8m CL (TW Not  
AB-13-141 Zone 2  259.7  260.5       -69       329         Calculated)      
----------------------------------------------------------------------------
                                                               NSV          
          Zone 1                                      1.71/0.5m CL (TW Not  
AB-13-142 Zone 2  208.5  209.0       -46       329         Calculated)      
----------------------------------------------------------------------------
                                                      7.89/0.3m CL=0.3m TW  
          Zone 1  202.4  202.8                        1.03/0.9m CL (TW Not  
AB-13-143 Zone 2  216.4  217.3       -56       341         Calculated)      
----------------------------------------------------------------------------
                                                     58.29/0.3m CL=0.3m TW, 
AB-13-    Zone 1                                               VG           
 146A     Zone 2  260.3  260.6       -61       324             NSV          
----------------------------------------------------------------------------
                                                      1.03/0.5m CL (TW Not  
                                                           Calculated)      
          Zone 1  239.5  240.0                        1.03/1.0m CL (TW Not  
AB-13-147 Zone 2  250.6  251.6       -50       332         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                      7.89/0.3m CL=0.2m TW  
AB-13-148 Zone 2  277.9  278.2       -65       326             NSV          
----------------------------------------------------------------------------
                                                      0.69/0.3m CL (TW Not  
          Zone 1                                           Calculated)      
AB-13-149 Zone 2  267.2  267.6       -61       327             NSV          
----------------------------------------------------------------------------
                                                      2.40/0.5m CL (TW Not  
                                                           Calculated)      
          Zone 1  250.6  251.1                        0.69/0.7m CL (TW Not  
AB-13-150 Zone 2  271.0  271.6       -50       327         Calculated)      
----------------------------------------------------------------------------
          Zone 1                                               NSV          
AB-13-163 Zone 2                     -71       326             NSV          
----------------------------------------------------------------------------
                                                      7.20/0.7m CL=0.7m TW  
          Zone 1  252.6  253.3                       20.23/0.7m CL=0.7m TW, 
AB-13-164 Zone 2  280.6  281.4       -65       326             VG           
----------------------------------------------------------------------------
                                                      6.17/0.3m CL=0.3m TW  
          Zone 1  254.6  254.9                        1.71/0.6m CL (TW Not  
AB-13-165 Zone 2  275.2  275.8       -65       342         Calculated)      
----------------------------------------------------------------------------
                                                      4.11/0.3m CL (TW Not  
                                                           Calculated)      
          Zone 1  283.8  284.1                        1.03/0.3m CL (TW Not  
AB-13-169 Zone 2  293.3  293.6       -70       342         Calculated)      
----------------------------------------------------------------------------
TW = True Width, CL = Core Length, VG = Visible Gold, NSV=No Significant    
Values, (i)Cut = cut to 120.0 grams/tonne                                   

About the Company

Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long lived intermediate gold mining company based in the historic Kirkland Lake Gold Camp. The Company plans to do this by mining to the reserve grade, generating profits and free cash flow for the shareholders. The Company will also look to take advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time, the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a property wide reserve and resource base sufficient to sustain a mine life of more than ten years.

Over the last several years the Company has invested significant capital to improve the infrastructure of the business including upgrading the production hoist, skips, mill, underground mobile equipment and capital development.

From initial discovery to present day there have been over 24 million ounces of gold mined from the Kirkland Lake camp while the current reserve and resource provides for potentially 10 years of mining with significant exploration upside.

The results of the Company's underground diamond drilling program have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff (which includes a 'qualified person', Stewart Carmichael P.Geo., the Company's Chief Exploration Geologist, for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators). Mr. Carmichael also supervised the preparation of the information that forms the basis of the technical disclosure in this release.

The Company has implemented a quality assurance and control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. The drill core is sawn in half with one half of the core samples shipped to Swastika Laboratories in Swastika, Ontario. The other half of the core is retained for future assay verification. Other QA/QC includes the insertion of blanks, and the regular re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples and additional checks may be run on anomalous values.

The Company's Macassa Mine Property is the subject of a reserve report prepared by Glenn R. Clark, P.Eng. entitled Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario at January 1, 2013 dated June 24, 2013, which has been filed on SEDAR (www.sedar.com) under the Company's filings.

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This Press Release contains statements which constitute "forward-looking statements", including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking statements used in this Press Release include, but may not be limited to, statements regarding the acceptance of the Rights Plan by the TSX and the timing thereof, the approval of the Rights Plan by shareholders of the Company, the Company's production capacity and its exploration program. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company's business, its ability to complete the strategic and mine plan review and its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

These factors include the outcome of the strategic review process the Board has implemented, the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate mineral resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, risks related to joint venture operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2013 and the Company's Management's Discussion and Analysis for the interim period ended October 31, 2013 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

To view the figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/KGI_FIGURES_1-3.pdf.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect...
What do a firewall and a fortress have in common? They are no longer strong enough to protect the valuables housed inside. Like the walls of an old fortress, the cracks in the firewall are allowing the bad guys to slip in - unannounced and unnoticed. By the time these thieves get in, the damage is already done and the network is already compromised. Intellectual property is easily slipped out the back door leaving no trace of forced entry. If we want to reign in on these cybercriminals, it's hig...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...