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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil

In his latest dispatch, Credit Suisse contributor Zoltan Pozsar shifted focus on his ongoing series...

Tuesday, December 6, 2022, 10:26:14 AM

Retail Turns To Silver: Metal Has Several Positive Attributes Versus Gold

In the stock market frenzy around stocks such as GameStop, AMC Entertainment, and Blackberry, numerous...

Monday, February 1, 2021, 10:34:00 AM

Gold Rush: From Eritrea to Saudi Arabia with Matthew Grainger of Alpha Exploration

At the Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Matthew Grainger from...

Saturday, July 27, 2024, 11:29:00 AM

Gold Surges to Record $3,400 Amid Global Economic Uncertainty

Gold prices continued their historic rally on Monday, reaching a new all-time high of $3,424.66...

Monday, April 21, 2025, 09:26:00 AM

Single-Day Gold Price Drops Typical In The Most Bullish Market in History: Peter Schiff

Over the past week, gold prices have been rallying excessively, with Tuesday’s single-day drop the...

Sunday, August 16, 2020, 04:43:00 PM