New High-Grade Intersections and Deposits located East of Taylor Mine

The drilling occurred along the hanging wall of the PDF, where high-grade gold mineralisation has been intersected up to 1.8 km east of the Shaft Deposit. The new drill results involve a total of 15 holes or 12,155 m of surface drilling, bringing total surface drill holes reported to date in 2017 to 43 holes for 22,520 m. Recent underground drilling of 14 holes for 2,500 m brings total underground drilling for 2017 to 31 holes in 9100 m.

Tony Makuch, President and CEO of Kirkland Lake Gold stated: "The aim of the exploration work completed to date is two-fold; to discover and identify new high-grade targets for follow-up drilling and to define extensions and new mineralisation at existing deposits to support increased mine life. After intersecting high-grade gold mineralisation 1.8 km east of the Shaft Deposit earlier this year, we have concentrated our more recent drilling within that 1.8 km target area and today are reporting multiple high-grade intersections. These results continue to highlight the potential that exists to identify new deposits to the east of Taylor along the PDF. As well, based on recent drilling, we are increasingly confident that we can add to our mineral resource and reserves in and around the Shaft Deposit, as well as the East and West Porphyry deposits, all areas located near existing infrastructure. Currently, we have three surface drills and one underground drill in operation as we continue our work to demonstrate the expansion potential and high-grade nature of the Taylor Deposit."

Surface drilling has focused primarily on targets east of the Shaft Deposit, where shallow dipping mineralised quartz veins situated in the hanging wall of the PDF have been intersected previously. The new results report a total 15 holes accounting for 12,155 m of surface exploration. Results from this drilling support the Company's view that mineralisation at Taylor remains open at depth and along strike to the east and west. Exploration drilling is a prority for Taylor with a total of three surface drills and one underground drill actively targeting mineralised extensions to a depth below the 450 m level at this time.

Highlights of surface drilling results include:

 

1. 38.0 g/t Au over 3.0 m in hole TA17-085 drilled approximately 825 m east of the Shaft Deposit

 

 

2. 59.0 g/t Au over 0.6 m in hole TA17-041 drilled approximately 625 m east of the Shaft Deposit

 

 

3. 72.8 g/t Au over 1.3 m and 8.7 g/t Au over 1.7 m in hole TA17-044 drilled approximately 525 m east of the Shaft Deposit

 

 

4. 5.1 g/t Au over 4.4 m and 12.5 g/t Au over 1.3 m in hole TA17-052 drilled approximately 900 m east of the Shaft Deposit

 

 

5. 4.4 g/t Au over 6.2 m in hole TA17-038 drilled approximately 625 m east of the Shaft Deposit

 

 

6. 5.1 g/t Au over 3.4 m in hole TA17-042 drilled approximately 225 m east of the Shaft Deposit

 

The Taylor Mine is located along the PDF, located from south to north on mafic volcanic rocks, which are relatively undeformed and unaltered; ultramafic and mafic volcanic rocks, varying from weakly to strongly deformed. The rocks also contain felsic to intermediate porphyritic intrusions of varying shapes and sizes; along with metasedimentary rocks, which make up the footwall of the PDF on the Taylor property.

Gold mineralisation at Taylor is located in the hanging wall of the PDF. Four mineralised deposits have been identified over a strike length of 2 kms. The Shaft Deposit is furthest east, with gold mineralisation associated with felsic intrusive rocks. The East and West Porphyry deposits, a system of stacked lenses, with the gold mineralization associated with felsic intrusive and altered mafic-ultramafic rocks (Green Quartz Carbonate). To the west of these deposits is The Shoot Deposit, with gold mineralisation hosted by argillaceous metasedimentary rocks within a package of green quartz carbonate. Drilling will continue east of the shaft zone throughout 2017

Read the article online at: https://www.globalminingreview.com/exploration-development/15082017/new-high-grade-intersections-and-deposits-located-east-of-taylor-mine/