25 May 2012

New zones for Kirkland Lake

12/01/2010 Robert Tyerman

Kirkland Lake Gold has found two new gold zones at its Macassa property in Ontario.

Kirkland Lake Gold has found two new gold zones at its Macassa property in Ontario.

Kirkland Lake Gold says it has found two new high-grade gold zones at its Macassa property in Ontario.

Based in Ontario and quoted in Canada and on AIM, the company, chaired by entrepreneur Harry Dobson, reports exploration drilling at Macassa’s South Mine Complex has revealed the new zones to the east of and below the complex. According to Kirkland Lake, one drill hole showed gold at 6.14 oz per ton of ore over 13.7 feet, while another showed 8.6 oz a ton over 5.7 feet.

Shares in Kirkland Lake, which have fluctuated between 230p and 559p over the past 12 months, now stand at 552.5p, up 12.5p this morning.

Tags: AIM, Commodities

Sector: Mining

Companies: Kirkland Lake Gold

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