Kirkland Lake Gold (KL)

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Kirkland: Swan Intercepts Likely Mean Growth In Gold Mineral Reserves
Allen Sykora Allen Sykora
Tuesday July 31, 2018 09:48
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Kirkland Lake Gold (TSX, NYSE: KL: ASX: KLA) reports
that drilling exploration has resulted in high-grade gold intercepts in
the Swan Zone at the Fosterville Mine in Australia.

This likely will mean additional growth in mineral reserves,
the company says.
Key intercepts included 191 grams of gold per tonne over 2.6 meters,
134 g/t over 13.8 meters and
167 g/t over 3.85 meters.

“The new drill results at Swan are encouraging and point to another
solid increase in mineral reserves, at high-grades, when we release
our Dec. 31, 2018 mineral reserve and resource estimates,”
says Tony Makuch, president and chief executive officer.
“We are also very encouraged by the identification of a
new mineralized structure parallel to Swan, which offers
the potential for additional growth in mineral resources
with further drilling.”
He adds that the company is moving toward Swan production,
having extracted the first ore.
“Ramping up production from Swan over the next two years
is a key component of our plan to increase annual production at
Fosterville to over 400,000 ounces by 2020,” Makuch says.

By Allen Sykora of Kitco News; [e-mail]

http://www.kitco.com/news/2018-07-31/Gold-Silver-Mining-Daily-News-Briefs.html
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