KGI..
posted on
Jan 12, 2010 07:57AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
This out this out this morning..Humungeous grades ..but look at the depths..5700 foot level..
That is where all our gold is ..down deep..
We are just ,proverbally "Scratching the surface"....!! and our insiders know this...and that is why they are putting everything into it..Once we get the shallow results tallied and the first little gold numbers out ..that will attract enough money to drill down to these levels and get the real pot of gold..Bet your last sheckel on KXL >>I haven't sold a share since day one..don't intend to ..
How is this for grades..??
Portee
KIRKLAND LAKE, ONTARIO--(Marketwire - Jan. 12, 2010) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) (the Company), an operating and exploration gold company, is pleased to announce further exploration drilling testing the South Mine Complex (SMC) has resulted in the discovery of two new high-grade zones east of and below the SMC on the Company's 100% owned Macassa property. The SMC consists of 15 or more mineralized zones, some of which are now in production while others are being explored and developed under the Company's aggressive exploration and ore-body definition programs.
Recent drilling from one of several exploration programs currently in progress intersected two new high-grade zones east of and below the current extent of the South Mine Complex.
- Drill hole 53-1520 intersected 6.14 ounces of gold per ton (opt) uncut (1.87 opt cut) over a core length of 13.7 feet (estimated 11.8 feet true width).
- Drill hole 53-1506 intersected a new zone 50 feet below and 196 feet east of the New South Zone and returned 8.60 opt uncut (3.5 opt cut) over a core length of 5.7 feet (estimated 5.2 feet true width).
Management believes this new discovery may represent the eastward continuation of the Lower D North Zone at the -5700 foot elevation.
"Both of these intersections open up the South Mine Complex to the east. The intersection of 13.7 feet of 6.14 ounces of gold per ton in drill hole 53-1520 is of particular importance, because our preliminary interpretation indicates the mineralization may be related to the Lower D North Zone. If so, the closest intersection at the same -5700 foot elevation in 53-1520 would be 1,000 feet to the west, confirming our belief that significant mineralization extends to depth and mineralized zones are open in all directions," said Stewart Carmichael, Chief Exploration Geologist.