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Kirkland Lake Gold Intersects Exceptional Gold Grades at Macassa Near Contact of South Mine Complex and Amalgamated Break

Kirkland Lake Gold Ltd.
·27 min read

Figure 1.

Plan View – SMC, Lower SMC and Amalgamated Zones
Plan View – SMC, Lower SMC and Amalgamated Zones
Plan View – SMC, Lower SMC and Amalgamated Zones

Figure 2.

Longitudinal View – Drilling and Assays on the Lower SMC
Longitudinal View – Drilling and Assays on the Lower SMC
Longitudinal View – Drilling and Assays on the Lower SMC

Figure 3.

Longitudinal View – Drilling and Assays on the Amalgamated Break
Longitudinal View – Drilling and Assays on the Amalgamated Break
Longitudinal View – Drilling and Assays on the Amalgamated Break

Figure 4.

Oblique Section – Drilling and Assays on the SMC and Amalgamated Break
Oblique Section – Drilling and Assays on the SMC and Amalgamated Break
Oblique Section – Drilling and Assays on the SMC and Amalgamated Break
  • Drilling to test south margin of South Mine Complex (“SMC”) intersects high-grade mineralization outside of current Mineral Reserves near contact with Amalgamated Break

ο Key intercept:

253.7 gpt over 14.5 metres (“m”) core length (SMC)1

101.1 gpt over 4.1 m core length (SMC), previously unreported

100.1 gpt over 2.0 m core length (SMC), previously unreported

  • Drilling on Lower SMC (“LSMC”) confirms and expands mineralization along west margin of current Mineral Resource

ο Key intercepts:

103.3 gpt over 2.4 m core length (LSMC)

58.9 gpt over 2.2 m core length (LSMC)

49.5 gpt over 4.3 m core length (LSMC)

41.2 gpt over 2.0 m core length (LSMC)

  • Drilling on Amalgamated Zone intersects high grades with infill and expansion drilling near current west limit of Mineral Resource

ο Key intercepts:

210.4 gpt over 8.2 m core length (Amalgamated)

52.9 gpt over 2.0 m core length (Amalgamated)

48.2 gpt over 2.0 m core length (Amalgamated)

35.4 gpt over 2.0 m core length (Amalgamated)


1. True widths of drill results being reported are not known at this time.

TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today reported new drill results from 135 holes (47,683 m) of underground exploration drilling from the Macassa Mine in Kirkland Lake, Ontario. Holes in the program were completed from platforms located on the 5300, 5600 and 5700 levels and designed mainly to confirm and extend resources within the SMC, LSMC and Amalgamated zones. Resources within the Amalgamated Zone consist of a series of mineralized lenses first identified by drilling in 2019 which are located on the south side of the SMC and adjacent to the Amalgamated Break.

Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Today’s results are encouraging as they support our view that there is substantial exploration potential in areas where the dip of the SMC approaches the contact with mineralized zones stacked vertically along the Amalgamated Break. These are separate areas of gold mineralization coming together, which is very interesting, and what we are seeing are some extremely high-grade intersections. The results today also continue to expand the mineralization at depth in the LSMC and identify new areas of high-grade mineralization along the Amalgamated Break, further increasing our confidence that there are new Mineral Reserves to be discovered as we drill along the Break through the Kirkland Lake camp. The new intersections being reported around the SMC and along the Amalgamated Break complement the results we issued in April that identified a large corridor of high-grade mineralization in close proximity to the #4 Shaft location, located at depth along the Main Break below the former mine workings on the Kirkland Minerals property. In combination, our drilling at Macassa this year has been successful in all three key areas of our exploration program: continuing to grow and expand the SMC, confirming the considerable exploration potential of the Amalgamated Break and demonstrating that there are significant ounces yet to be discovered, and mine life to be added, along the historic Main/’04 Break.”

One of the holes (427 m) completed during the program (57-992) was collared in a platform on the north side of the 5700 Level and drilled in a southwesterly direction to test the margin of the SMC (see Figures 1 and 2). The hole was highly successful intersecting 253.7 gpt over 14.5 m, including 1,572.9 gpt over 0.6 m, 1,313.5 gpt over 0.3 m and 1,265.1 gpt over 0.6 m near the planned target location and slightly below the current Mineral Reserve for the SMC. The new intercept is also located between 9 and 39 m west of three previously unreported intercepts from the SMC including 101.1 gpt over 4.1 m from 57-704, 100.1 gpt over 2.0 m from 57-689 and 37.7 gpt over 3.6 m from 57-703, as well as four additional high-grade intercepts located immediately north of the Amalgamated Break. One of these four Amalgamated Zone intercepts is a new result and included 68.2 gpt over 2.3 m from 53-3053, while the other three intercepts had been previously reported (see press release dated May 2, 2019) and included 429.1 gpt over 3.3 m from 57-704, 164.8 gpt over 3.0 m from 57-689 and 26.7 gpt over 2.0 m from 57-703. Current interpretations for this part of the mine suggest that the new and previously unreported intercepts occur where the shallow southward dipping SMC begins to intersect steeply north dipping zones adjacent to the Amalgamated Break resulting in a broad zone of alteration containing multiple high-grade structures containing between 1 and 5% pyrite and local visible gold. Due to the complexity of mineralization in the vicinity of new intercept, the true width cannot be definitively established at this time, but is estimated to be between 5 and 10 m. The area to the west and to depth of the new intersection remains open for testing for at least another 25 to 30 m.

A total of 54 of the new holes (22,204 m) of drilling from the new program were drilled northwards from platforms on the 5300 and 5700 levels and were designed to infill and expand inferred Mineral Resources near the west limit of the LSMC (Figure 3). Key intercepts from the drilling include 33.3 gpt over 2.0 m, including 177.6 gpt over 0.4 m, from 53-4114, 32.1 gpt over 2.0 m, 22.0 gpt over 3.2 m and 20.2 gpt over 2.0 m from 53-4116A, 31.8 gpt over 2.0 m from 53-4120, 24.6 gpt over 2.1 m from 53-4118, and 19.3 gpt over 3.2 m and 22.8 gpt over 2.0 m from 53-4162, which are from holes targeting inferred Mineral Resources and untested gaps in drill information on the upper west side of the LSMC. Additional key intercepts from this area include 103.3 gpt over 2.4 m, including 542.0 gpt over 0.3 m, from 57-903, 58.9 gpt over 2.2 m from 57-879, 49.5 gpt over 4.3 m, including 164.9 gpt over 1.2 m, from hole 57-975 and 41.2 gpt over 2.0 m and 38.0 gpt over 2.1 m from 57-976. These intersections are from holes designed to infill and expand inferred Mineral Resources on the lower west portion of the LSMC structure. Considering the results achieved and the fact that the area immediately to the west of the new holes remains largely untested, the potential to add new Mineral Resources with further drilling is considered excellent.

An additional 80 holes (47,688 m) of drilling from the new program were drilled southwards from platforms on the 5300, 5600 and 5700 levels to confirm and expand current inferred Mineral Resources within the Amalgamated Zone near the current west limit on the 5300 Level (Figure 4). Significant results from the drilling include 11.0 gpt over 2.4 m from 53-4040, which was drilled near the top of the current Mineral Resource, as well as 210.4 gpt over 8.2 m, including 463.0 gpt over 3.7 m, from 53-4033, 52.9 gpt over 2.0 m, including 172.3 gpt over 0.6 m, from 53-4041 and 35.4 gpt over 2.0 m from 53-4045, which were drilled 50 to 60 m up dip.

Additional significant results include 48.2 gpt over 2.0 m, including 317.6 gpt over 0.3 m, from 57-900, 20.2 gpt over 2.1 m from 57-902, 13.5 gpt over 3.0 m from 57-895 and 13.2 gpt over 2.0 m from 57-975, which were drilled mainly to infill an untested gap in the east part of the current inferred Mineral Resource, as well as 8.3 gpt over 9.0 m from 56-777, 14.4 gpt over 2.4 m from 53-4027 and 12.9 gpt over 2.0 m from 53-4039, which were drilled near the west edge of the current Mineral Resource and extending mineralization by another 25 m.

Based on the latest results, and the large areas remaining to be tested along strike and dip, the potential to identify new areas of high-grade mineralization along the Amalgamated Break remains excellent.

Exploration drilling at Macassa is currently continuing with nine drills underground and one drill on surface. Drilling over the balance of the year will remain focused on testing the SMC and Amalgamated Zones.

Qualified Person

The Company’s exploration programs at Macassa are conducted under the supervision of Eric Kallio, P.Geo., Senior Vice President, Exploration. Eric Kallio is the ‘qualified person’ for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and has reviewed and approved the scientific and technical information in this news release.

QA/QC Controls

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 best 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 certified reference standards, 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.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada and Australia that produced 974,615 ounces in 2019. The production profile of the Company is anchored by three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in Northern Ontario, and the Fosterville Mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district scale exploration potential, supported by a strong financial position with extensive management expertise.

For further information on Kirkland Lake Gold and to receive news releases by email, visit the website www.klgold.com.

Cautionary Note Regarding Forward-Looking Information

This Press Release contains statements which constitute ”forward-looking statements” within the meaning of applicable securities laws, 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”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. 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, including but not limited to; the continued exploration programs on the SMC and Amalgamated Break mineralization, the timing and results thereof; the ability to continue to expand the SMC and Amalgamated Break and to increase levels of resources and reserves as a result of such exploration programs and the anticipated timing thereof; the potential to increase the level of resources and reserves and potential conversion of mineral resources; the anticipated completion date of the #4 shaft and potential impact and benefits thereof; the amount of future production over any period; the anticipated overall impact of the Company’s COVID 19 response plans including measures taken by the Company to reduce the spread of COVID 19; and assumptions made relating to operating cash costs based on forecasts and projections. 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 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, the impact of COVID-19, 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 reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, 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 December 31, 2019 and its filings for the quarterly period ended June 30, 2020, 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 to 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.

Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates

All references to Mineral Resources and Mineral Reserves included in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act.

In addition, the terms "Mineral Resource", "measured Mineral Resource", "indicated Mineral Resource" and "Inferred Mineral Resource" are defined in and required to be disclosed by NI 43-101 and the CIM Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or any part of a Mineral Resource exists, will ever be converted into a Mineral Reserve or is or will ever be economically or legally mineable or recovered.

FOR FURTHER INFORMATION PLEASE CONTACT

Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884
E-mail: tmakuch@kl.gold

Mark Utting, Senior Vice President, Investor Relations
Phone: +1 416-840-7884
E-mail: mutting@kl.gold

Table 1. New Drill Holes – SMC and LSMC 1

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

53-3053**

Amalgamated

569261

5331243

31

-64

305

253.5

255.8

2.3

68.2

53-3961

Amalgamated

568756

5331151

217

-78

320

NSV

53-3963A

Amalgamated

568756

5331151

245

-75

314

NSV

53-4002

Amalgamated

568758

5331153

171

-51

259

NSV

53-4003

Amalgamated

568758

5331152

177

-42

229

NSV

53-4004

Amalgamated

568757

5331150

226

-46

198

NSV

53-4005

Amalgamated

568756

5331151

223

-74

290

NSV

53-4007

Amalgamated

568755

5331151

264

-54

259

NSV

53-4026

Amalgamated

568756

5331151

237

-66

207

NSV

53-4027

Amalgamated

568757

5331151

218

-71

220

157.3

159.7

2.4

14.4

53-4028

Amalgamated

568757

5331151

218

-64

189

NSV

53-4029A

Amalgamated

568757

5331151

204

-71

220

NSV

53-4030

Amalgamated

568757

5331151

209

-69

207

159.1

161.1

2.0

3.2

Including

160.6

161.1

0.5

13.0

53-4030

Amalgamated

568757

5331151

209

-69

207

165.2

171.3

6.1

3.1

53-4031

Amalgamated

568757

5331151

206

-66

192

NSV

53-4032

Amalgamated

568757

5331151

210

-53

174

NSV

53-4033

Amalgamated

568758

5331151

195

-44

213

123.1

131.4

8.2

210.4

Including

124.1

127.7

3.7

463.0

53-4037

Amalgamated

568757

5331150

227

-43

183

NSV

53-4038

Amalgamated

568757

5331151

214

-53

198

NSV

53-4039

Amalgamated

568757

5331151

199

-70

229

150.8

152.9

2.0

12.9

Including

150.8

151.3

0.5

47.8

53-4040

Amalgamated

568757

5331150

181

-65

213

163.4

165.8

2.4

11.0

Including

163.4

164.0

0.6

34.5

53-4041

Amalgamated

568758

5331150

179

-56

229

76.8

78.8

2.0

52.9

Including

76.8

77.4

0.6

172.3

53-4042

Amalgamated

568757

5331150

173

-59

259

NSV

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

53-4044

Amalgamated

568757

5331151

169

-53

244

167.9

53-4045

Amalgamated

568758

5331150

168

-47

229

117.0

119.0

2.0

35.4

Including

118.0

118.6

0.6

102.3

53-4046

Amalgamated

568758

5331150

167

-50

244

152.5

154.5

2.0

3.2

53-4066

Amalgamated

570026

5331723

27

-67

338

NSV

53-4092

Amalgamated

568756

5331151

264

-63

238

NSV

53-4093

Amalgamated

568757

5331151

186

-60

198

NSV

53-4094

Amalgamated

568757

5331151

180

-49

183

NSV

53-4095

Amalgamated

568757

5331151

180

-49

183

NSV

53-4096

Amalgamated

568757

5331151

165

-48

213

NSV

53-4097

Amalgamated

568757

5331151

163

-51

213

NSV

53-4098

Amalgamated

568757

5331151

165

-55

211

NSV

53-4126

Amalgamated

568900

5331233

269

0

216

127.1

129.1

2.0

3.2

53-4127

Amalgamated

568900

5331233

269

-14

274

NSV

56-737

Amalgamated

568729

5331340

202

-30

328

NSV

56-743

Amalgamated

568729

5331340

215

-38

335

NSV

56-744

Amalgamated

568729

5331340

207

-49

366

NSV

56-745

Amalgamated

568729

5331340

200

-37

335

NSV

56-747

Amalgamated

568730

5331340

187

-33

366

NSV

56-751A

Amalgamated

568732

5331340

178

-28

412

NSV

56-752

Amalgamated

568730

5331341

180

-40

412

NSV

56-753

Amalgamated

568732

5331340

187

-26

381

NSV

56-754

Amalgamated

568733

5331342

183

-14

396

NSV

56-755

Amalgamated

568731

5331340

204

-29

305

NSV

56-756

Amalgamated

568732

5331340

195

-27

305

NSV

56-757

Amalgamated

568729

5331340

190

-38

351

NSV

56-759

Amalgamated

568731

5331340

203

4

335

NSV

56-760

Amalgamated

568732

5331340

199

-3

335

NSV

56-761

Amalgamated

568731

5331340

196

3

351

NSV

56-762

Amalgamated

568729

5331340

192

8

351

NSV

56-763

Amalgamated

568732

5331340

189

3

351

NSV

56-765

Amalgamated

568729

5331340

186

8

380

NSV

56-766

Amalgamated

568732

5331340

183

2

381

NSV

56-767

Amalgamated

568732

5331340

180

8

396

NSV

56-769

Amalgamated

568728

5331341

204

-60

427

NSV

56-772

Amalgamated

568731

5331339

206

-23

290

243.8

246.9

3.0

4.0

56-773

Amalgamated

568731

5331339

208

-15

290

242.3

246.0

3.7

6.5

56-774

Amalgamated

568731

5331339

210

-19

290

243.1

252.7

9.6

4.8

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

56-775

Amalgamated

568728

5331341

212

-22

290

250.2

256.6

6.4

6.5

Including

251.2

252.4

1.2

17.1

56-776

Amalgamated

568731

5331339

213

-31

290

NSV

56-777

Amalgamated

568731

5331339

214

-18

290

244.1

253.0

9.0

8.3

Including

244.7

246.2

1.5

17.0

Including

252.4

253.0

0.7

23.1

56-778

Amalgamated

568731

5331339

219

-23

335

NSV

56-779

Amalgamated

568731

5331339

222

-21

290

243.5

245.5

2.0

5.0

56-779

Amalgamated

568731

5331339

222

-21

290

251.2

253.2

2.0

6.5

56-780A

Amalgamated

568728

5331340

222

-32

305

NSV

56-781

Amalgamated

568728

5331340

223

-24

290

249.5

254.2

4.7

5.3

57-689*

Amalgamated

569221

5331373

267

-40

277

94.5

97.5

3.0

164.8

57-703*

Amalgamated

569221

5331374

273

-46

168

101.3

103.3

2.0

26.7

57-704*

Amalgamated

569221

5331374

260

-44

152

79.2

82.6

3.3

429.1

57-878

Amalgamated

568934

5331173

25

-65

518

20.4

22.9

2.4

8.9

Including

20.4

21.0

0.5

30.0

57-879

Amalgamated

568935

5331174

11

-50

396

16.2

18.3

2.1

3.9

57-880

Amalgamated

568934

5331172

11

-60

488

16.5

18.7

2.3

4.8

57-892

Amalgamated

568936

5331174

45

-30

375

18.9

20.9

2.0

3.3

57-894

Amalgamated

568936

5331174

45

-63

517

21.0

23.1

2.1

3.1

57-895

Amalgamated

568936

5331174

52

-58

457

15.2

18.3

3.0

13.5

Including

15.2

16.2

0.9

30.9

57-896

Amalgamated

568936

5331174

56

-46

396

17.9

19.9

2.0

3.2

57-900

Amalgamated

568935

5331173

357

-52

503

8.4

10.4

2.0

48.2

Including

8.4

8.7

0.3

317.6

57-900

Amalgamated

568935

5331173

357

-52

503

16.5

19.2

2.7

5.0

Including

16.8

17.1

0.3

20.7

57-901

Amalgamated

568935

5331173

4

-58

488

11.0

13.0

2.0

3.2

Including

11.6

12.2

0.6

10.0

57-902

Amalgamated

568935

5331174

9

-54

503

21.3

23.6

2.2

3.0

57-902

Amalgamated

568935

5331174

9

-54

503

28.9

31.0

2.1

20.2

Including

29.6

30.4

0.7

56.9

53-4111

Lower SMC

568756

5331152

21

-62

366

NSV

53-4112

Lower SMC

568756

5331153

25

-58

351

NSV

53-4113

Lower SMC

568756

5331153

29

-54

348

285.4

287.5

2.0

3.9

53-4114

Lower SMC

568755

5331153

31

-48

335

264.0

266.0

2.0

33.3

Including

264.5

264.9

0.4

177.6

53-4115

Lower SMC

568755

5331153

24

-45

320

264.6

266.6

2.0

4.7

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

53-4116A

Lower SMC

568755

5331153

21

-41

381

229.5

231.5

2.0

22.0

Including

230.0

230.3

0.3

121.9

53-4116A

Lower SMC

568755

5331153

21

-41

381

248.4

250.4

2.0

34.1

Including

249.0

249.6

0.6

110.6

53-4116A

Lower SMC

568755

5331153

21

-41

381

259.2

261.2

2.0

20.2

Including

259.8

260.3

0.5

83.9

53-4117A

Lower SMC

568756

5331152

33

-65

384

NSV

53-4118

Lower SMC

568753

5331154

34

-43

363

255.4

257.5

2.1

24.6

53-4119

Lower SMC

568756

5331152

46

-64

396

NSV

53-4120

Lower SMC

568753

5331154

41

-47

363

288.2

290.3

2.0

31.8

Including

288.9

289.3

0.4

146.9

53-4121A

Lower SMC

568753

5331154

42

-42

351

282.7

284.7

2.0

14.8

Including

283.3

284.2

0.9

31.9

53-4122

Lower SMC

568753

5331154

51

-60

412

326.4

328.7

2.2

43.7

Including

327.1

327.4

0.3

229.2

53-4123

Lower SMC

568753

5331154

50

-54

409

320.6

323.1

2.4

42.6

Including

321.6

321.9

0.3

142.8

53-4160

Lower SMC

568756

5331152

22

-54

354

261.5

263.5

2.0

10.6

Including

263.2

263.5

0.3

56.4

53-4160

Lower SMC

295.4

298.4

3.0

19.6

53-4161A

Lower SMC

568756

5331152

22

-49

341

270.6

272.6

2.0

3.9

Including

271.3

272.2

0.9

7.6

53-4162

Lower SMC

568755

5331153

30

-50

344

279.2

282.4

3.2

19.3

Including

279.2

279.5

0.3

121.5

Including

281.9

282.4

0.5

53.4

53-4162

Lower SMC

568755

5331153

30

-50

344

331.6

333.6

2.0

22.8

Including

332.5

333.5

0.9

50.1

53-4164

Lower SMC

568755

5331153

24

-43

323

NSV

57-745

Lower SMC

568933

5331172

349

-35

412

NSV

57-752

Lower SMC

568935

5331173

17

-62

472

NSV

57-779

Lower SMC

568936

5331173

357

-59

460

453.2

455.2

2.0

16.5

Including

453.2

454.1

0.8

40.2

57-879

Lower SMC

568935

5331174

11

-50

396

340.2

342.4

2.2

58.9

Including

340.2

341.4

1.2

97.8

57-880

Lower SMC

568934

5331172

11

-60

488

410.3

412.5

2.2

48.5

Including

411.8

412.5

0.7

152.8

57-781

Lower SMC

568934

5331172

358

-67

488

NSV

57-790

Lower SMC

568933

5331172

347

-42

427

NSV

57-794

Lower SMC

568933

5331173

1

-40

427

NSV

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

57-795

Lower SMC

568933

5331173

6

-45

412

NSV

57-805

Lower SMC

568933

5331172

357

-55

396

NSV

57-808A

Lower SMC

568934

5331173

18

-52

396

NSV

57-840

Lower SMC

568934

5331172

5

-64

472

NSV

57-841

Lower SMC

568934

5331172

5

-62

457

NSV

57-842

Lower SMC

568934

5331172

13

-66

488

NSV

57-877

Lower SMC

568933

5331172

25

-62

457

NSV

57-878

Lower SMC

568934

5331173

25

-65

518

NSV

57-894

Lower SMC

568936

5331174

45

-63

517

NSV

57-895

Lower SMC

568936

5331174

52

-58

457

NSV

57-900

Lower SMC

568935

5331173

357

-52

503

368.8

372.5

3.7

3.9

57-901

Lower SMC

568935

5331173

3

-60

488

425.9

427.9

2.0

28.5

Including

426.7

427.3

0.6

88.3

57-902

Lower SMC

568935

5331174

9

-54

503

364.3

366.4

2.0

20.7

Including

364.8

365.1

0.3

109.6

57-903

Lower SMC

568935

5331173

12

-61

488

412.7

415.1

2.4

103.3

Including

412.7

413.0

0.3

168.3

Including

413.9

414.2

0.3

542.0

57-904

Lower SMC

568935

5331173

17

-66

503

456.5

458.5

2.0

15.8

Including

458.1

458.4

0.3

65.7

57-905

Lower SMC

568936

5331173

25

-64

503

17.2

19.4

2.2

4.0

Including

17.2

17.5

0.3

11.4

57-906

Lower SMC

568935

5331174

25

-61

472

413.5

415.5

2.0

14.6

Including

413.5

414.6

1.1

27.2

57-907

Lower SMC

568935

5331173

28

-63

488

NSV

57-946

Lower SMC

568935

5331173

23

-65

521

428.5

430.7

2.1

6.0

Including

428.5

428.9

0.3

21.9

57-947

Lower SMC

568936

5331173

35

-68

536

449.0

451.0

2.0

8.1

57-947

Lower SMC

568936

5331173

454.8

456.9

2.1

22.4

Including

454.8

455.1

0.3

148.6

57-948

Lower SMC

568936

5331173

39

-64

503

450.3

452.5

2.2

34.6

Including

450.6

451.0

0.3

182.2

57-975

Lower SMC

568936

5331173

26

-61

457

394.1

398.4

4.3

49.5

Including

394.1

395.3

1.2

164.9

57-976

Lower SMC

568936

5331174

35

-61

457

405.9

408.0

2.1

38.0

Including

406.2

406.5

0.3

199.7

Macassa Exploration 2020

Drill Hole

Zone

COLLARS - UTM NAD 83

Direction

Core Interval

Results

Easting

Northing

Azimuth (°)

Dip

End Depth (m)

From (m)

To (m)

Length (m)

Au_GPT

57-976

Lower SMC

568936

5331174

35

-61

457

431.2

433.2

2.0

41.2

Including

431.7

432.3

0.6

135.5

57-977

Lower SMC

568935

5331174

35

-58

427

358.6

360.6

2.0

3.1

Including

359.1

359.4

0.3

17.1

57-992

SMC

569271

5331688

248

-16

427

365.5

379.9

14.5

253.7

Including

368.5

369.1

0.6

1,572.9

Including

371.6

372.2

0.6

1,265.1

Including

374.1

374.4

0.3

1,313.5

57-689**

SMC

569221

5331373

267

-40

277

67.5

69.5

2.0

100.1

57-703**

SMC

569221

5331374

273

-46

168

45.5

49.1

3.6

37.7

57-704**

SMC

569221

5331374

260

-44

152

70.5

74.6

4.1

101.1

Notes:

  1. True widths are not known at this time.

* Previously reported Intercept
**Previously unreported Intercept

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/7bd9300f-4e22-45aa-b4a9-d8cc78723c49

https://www.globenewswire.com/NewsRoom/AttachmentNg/75ee8797-407b-42c6-817b-2e54258374b9

https://www.globenewswire.com/NewsRoom/AttachmentNg/e890c539-0210-4c56-8b16-2f0c53e4648c

https://www.globenewswire.com/NewsRoom/AttachmentNg/02ac5889-fe46-4c5b-9b7c-a76874af6d2d