Welcome!

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
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.