Kirkland Lake Gold Reports Measured & Indicated Resource Of 14.7 Million Gold Ounces For Detour Lake

Kirkland Lake Gold Ltd. (TSX: KL) shared today the results of the 2021 mid-year mineral resource estimate for the Detour Lake mine effective June 30, 2021. The report includes measured & indicated resources of 14.7 million gold ounces, up from the previous estimate dated December 31, 2020 that indicated 4.7 million gold ounces.

The data came from a total of 365 drill holes covering a total of 185,000 metres of surface diamond drilling on the property. Majority of the resources indicated in the report are located within the previously underexplored Saddle zone.

Total measured & indicated mineral resource estimate contains 572.0 million tonnes grading at 0.80 g/t gold for 14.7 million ounces. These figures compare to the December 31, 2020 estimates that indicated 131.1 million tonnes grading at 1.10 g/t gold for 4.7 million ounces.

On the other hand, inferred mineral resource estimate comprises 48.3 million tonnes of material grading at 0.81 g/t silver equivalent for 1.1 million ounces. The 2020 year-end report estimated 52.3 million tonnes grading at 0.87 g/t gold for 1.5 million ounces.

The senior mining firm is expecting the property’s gold production to reach 800,000 ounces in 2025. It is also targeting to add approximately 100,000 metres of drilling on the property by the end of the year.

Kirkland Lake Gold Ltd. last traded at $49.40 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

New Found Gold: The Strategic Maritime Resources Purchase

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Westhaven Gold Reports Promising Drilling Results At Shovelnose Gold Property

On May 12, Westhaven Gold Corp. (TSXV: WHN) announced constructive assay results from its ongoing...

Saturday, May 15, 2021, 02:34:00 PM

Environmental Concerns Could Negatively Impact Bitcoin Price And Miners

In the week ended February 26, Bitcoin posted its worst weekly performance in about a...

Sunday, March 7, 2021, 02:41:00 PM

Mariner Completes Acquisition, Changes Name To Exploits Discovery

Mariner Resources (CSE: RNR) has completed the previously announced acquisition of Exploits Gold Corp as...

Friday, September 18, 2020, 09:28:06 AM

Why Did Newcrest Reject Newmont’s $16.9-Billion Acquisition Offer?

Australian miner Newcrest Mining (TSX: NCM) announced last night that it has rejected the acquisition...

Thursday, February 16, 2023, 11:05:00 AM

Mako Mining Mines 1,002 Ounces Of Gold In First Full Bench At San Albino

Mako Mining (TSXV: MKO) this morning announced that it has completed mining of its first...

Thursday, September 17, 2020, 09:03:31 AM