Saturday, September 13, 2025

Latest

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

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

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

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

New Found Gold Assays 22.3 G/T Gold Over 41.35 Metres At Keats Zone

New Found Gold (TSXV: NFG) this morning released preliminary drill results from four drill holes...

Tuesday, October 27, 2020, 10:49:08 AM

Northern Vertex Produces 9,912 Gold Equivalent Ounces In Q1 2021

Northern Vertex Mining Corp. (TSXV: NEE) announced today that it has produced 9,912 ounces of...

Monday, April 19, 2021, 09:28:00 AM

Exploits Discovery Obtains Drill Permits For Schooner Prospect

Exploits Discovery (CSE: NFLD) has received drill permits for its Schooner Prospect. The company this...

Thursday, April 8, 2021, 09:04:36 AM

Argonaut Gold To Begin Site Preparation Imminently At Magino Gold Property

Argonaut Gold (TSX: AR) had a notable update this morning for its Magino project, with...

Thursday, January 21, 2021, 07:52:18 AM

BMO Upgrades AngloGold To Outperform, Raises Price Target To $36

This morning, BMO Capital Markets upgraded AngloGold Ashanti (NYSE: AU) to outperform and upgraded their...

Tuesday, December 8, 2020, 11:34:03 AM