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Tuesday, 24th October 2006 (3136 views)

Exploration drilling at the south number three shaft at Kirkland Lake, Ontario, is creating "significant" mineralization, according to mining firm Kirkland Lake Gold.

A total of six additional drill holes have been created at the site and five of these have yielded ore-grade mineralization.

At the New South Zone, 1.55 ounces of gold per tonne (opt) uncut was returned over a core length of 62.4 feet at drill hole 50-741, while drill hole 50-696W assayed 1.30 opt uncut.

Duncan Middlemiss, Kirkland Lake Gold's engineering and production manager, remarked: "The New South Zone continues to represent the most important discovery made by the company to date and these latest results add to the increasing ounce base of these impressive zones."

He continued: "The potential for high grade production is currently being increased with every hole targeting this growing area."

Kirkland Lake Gold operates five gold properties at Lakeland; Macassa, Kirkland Minerals, Teck-Hughes, Lake Shore and Wright Hargreaves. Cumulatively, a total of 22 million ounces of gold has been returned from these mines.

 

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