EX-99.117 112 exhibit99-117.htm EXHIBIT 99.117 Kirkland Lake Gold Ltd.: Exhibit 99.117 - Filed by newsfilecorp.com

NEWS REALEASE
TSX: KL

KIRKLAND LAKE GOLD DISCOVERS THE LANTERN GOLD DEPOSIT AT THE COSMO MINE

Toronto, Ontario March 6, 2017 - Kirkland Lake Gold Ltd. (“KL Gold” or the “Company”) (TSX:KL) (OTCQX:KLGDF) is pleased to report the discovery of the Lantern Gold Deposit within the Company’s Northern Territory (“NT”) Operations, at its Cosmo Mine (“Cosmo”), from underground exploration drilling. The results released today from 25 diamond drill holes (totaling 5,973m), are part of the Cosmo Mine exploration program, specifically targeted to test down-plunge extensions of the Cosmo Open Pit (Figures 1 & 2).

Highlights and Key Drill Intercepts at the Cosmo Mine from the Newly Discovered Lantern Gold Deposit

Discovery of the Lantern Gold Deposit has returned significant drill intercepts near existing underground infrastructure including:

- 119 g/t Au (1) over 4.5m (ETW 4.0m), including 521 g/t Au(1) over 1.0m (ETW 0.9m) in hole CW93515
- 15.27 g/t Au (1) over 11.1m (ETW 7.0m), including 29.7 g/t Au (1) over 5.2m (ETW 3.1m), and 23.87 g/t Au over 5.4m (ETW 2.9m), including 125 g/t Au (1) (2) over 0.8m (ETW 0.4m) in hole CW101012
 

-

4.34 g/t Au (1) over 22.75m (ETW 11.3m) in hole CW101002(2)
 

-

4.23 g/t Au over 16.6m (ETW 9.8m) in hole CW101010
 

-

9.64 g/t Au (1) over 6.0m (ETW 3.85m) in hole CW101006
 

-

14.57 g/t Au (1) over 2.8m (ETW 2.2m) in hole CW101013

  Continued drilling of further down-plunge extensions of the Lantern Deposit are to be tested over the next six months in aggressive step-out exploration programs including Scoping and Resource Definition drilling programs and construction of underground development to access the Lantern Deposit.

ETW Estimated True Width
(1) Visible gold present in drill intercept
(2) Previously reported intercept - See News Release dated July 22, 2015
All drill results are presented in Table 1 and drill collars in Table 2 accessible below

Mr. Tony Makuch, President and Chief Executive Officer, KL Gold commented: “The success of the 2016 exploration program at the Cosmo Mine, in particular, the Lantern Deposit discovery, has significantly enhanced the potential of the operation. To date, over 800,000 ounces has been mined from Cosmo’s open pit and underground operations. We are excited with the recent discovery of the Lantern Deposit, located parallel to the Cosmo underground gold mineralization, as it illustrates significant potential to expand resources and become a new near term mining front under the open pit. The Lantern Deposit is located within 100 metres of underground infrastructure and remains open for expansion along strike and down plunge. These successful exploration results demonstrate the discovery and expansion potential of the Cosmo gold camp and we intend to follow up on additional high priority targets in the area.”

Lantern mineralization is hosted within iron-rich siltstones in two distinct styles; linear lodes sub-parallel to the structures and local stratigraphy, and in more complex axial planar hinge-zones (Figure 3). Detailed core logging and geological modelling based upon pit mapping has delineated three broad litho-structural domains. Six mineralized lodes make up the deposit, which is presently defined over a strike length of 100m and a vertical extent of 160m. The six mineralized lodes are untested by drilling up and down-plunge and there is strong potential to expand the previously known extensions of the lodes with further exploration drilling (Figure 4-9).

Geology and Mineralization of the Lantern Gold Deposit

1



NEWS REALEASE
TSX: KL

The Lantern host sequence encompasses sedimentary rocks enclosed between the Zamu and Phantom Dolerite sills and was previously referred to as the Inner Meta-sediment sequence (Figure 3). The Lantern Sequence differs from the Cosmo Mine Sequence largely due to the absence of carbonaceous mudstone and an increase in carbonate (dolomite) facies rocks.

Mineralization of the Lantern Deposit is generally hosted within fine grained, iron-rich siltstones and to a lesser extent in silica nodular greywacke units. The high-gold grades seen, up to 170 g/t Au over 1m in hole CW101003 (see News Release July 22, 2015), are usually found in veins with the higher-grade veins occurring as quartz-chlorite-pyrite mineral assemblages that can contain a substantially higher amount of coarse visible gold than is typical in the Cosmo Deposit. These veins often crosscut the folded strata at high angles or are sub-parallel to axial planes of parasitic folds.

Three different mineralization types are noted in Lantern Deposit, the first is a set of linear stratabound lodes, which are close to the Zamu Dolerite unit fold limbs. Examples of this are the Hornet and Adder lodes. The second type of mineralization is termed the “A Lodes”, which are closely associated with vertical faulting related to localized folded structures and are adjacent to barren banded siltstone and ironstone breccias. This type of mineralization is typically found in the central part of the Lantern Deposit. The third mineralization type is termed the “W Lodes” which are generally the highest-grade lodes. These occur as open folded, banded silica-chloric-ironstone beds in close proximity to steeply westerly dipping faults.

Company geologists, using both historic surface and recent underground drill data from within and around the Cosmo Deposit and past open pit mapping have recently completed geological and mineralization wireframe models. A total of 135 holes comprising 91 Reverse Circulation Percussion and 44 diamond core holes were used in the wireframing process. Extensive logging of lithological and structural feature in drill core was completed and this information will be used during resource estimation of the Lantern Deposit. The modeling results will be included in the Mineral Resource statement due to be released in late Q1, 2017 (Figures 4-9).

Qualified Persons

Mark Edwards, FAusIMM (CP) and MAIG, Geology Manager, NT Operations, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this News Release.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a mid-tier gold producer targeting +500,000 ounces in Tier 1 mining jurisdictions of Canada and Australia. The production profile of the company is anchored from two high-grade, low-cost operations, including the Macassa Mine located in northeastern 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 and operational expertise.

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

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

Ryan King, Vice President, Investor Relations
Phone: +1 778-372-5611
E-mail: rking@klgold.com

2



NEWS REALEASE
TSX: KL

To receive KL Golds news releases by email, register on the website at www.KLGold.com

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of KL Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information regarding: (i) the potential to expand mineral resources and mineral reserves at the Cosmo Mine; (ii) the potential for a down-plunge extension to the Lantern Gold Deposit; and (iii) the anticipated timing for continued exploration activities.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect KL Gold’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although KL Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability of KL Gold to successfully integrate the operations and employees of its Canadian and Australian operations, and realize synergies and cost savings, and to the extent, anticipated; the potential impact on exploration activities; the potential impact on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the merger; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of KL Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold Ltd. with the Canadian securities regulators, including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2015 and their interim financial reports and related MD&A for the period ended September 30, 2016 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 information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although KL Gold 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. KL Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

3



NEWS REALEASE
TSX: KL

Figure 1: Long Projection of Lantern mineralization relative to Mine workings and main orebody wireframes, Cosmo Mine


Figure 2: Surface Plan of Lantern Lodes projected to surface, showing position relative to the Cosmo underground mine and historical open pits (mined 1988-1995)


4



NEWS REALEASE
TSX: KL

Figure 3: Lantern Geological cross-section 1270mN, Cosmo Mine


Figure 4: Lantern longitudinal Projection of Hornet Lode, Cosmo Mine


5



NEWS REALEASE
TSX: KL

Figure 5: Lantern longitudinal projection of the 700 Lode, Cosmo Mine


Figure 6: Lantern longitudinal projection of the W1 Lode, Cosmo Mine


6



NEWS REALEASE
TSX: KL

Figure 7: Lantern longitudinal projection of the W2 Lode, Cosmo Mine


Figure 8: Lantern longitudinal projection of the W3 Lode, Cosmo Mine


7



NEWS REALEASE
TSX: KL

Figure 9: Lantern longitudinal projection of the A1 & A2 Lodes, Cosmo Mine


Table 1 Lantern Gold Deposit Drill Hole Results

Hole ID From
(m)
To
(m)
Downhole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
Geological
Structure
Comments
    700 Lode   

CP009W1 (2)

522 522.5 0.5 0.35 7.05 700 Lode

See Release Jun 16, 2011

CW101001 (2)

13.8 20 6.2 4.1 4.89 700 Lode

See Release July 22, 2015

CW101001A (2)

14 21.54 7.54 5.35 5.33 700 Lode

See Release July, 22 2015

CW101002 (2)

13.1 17.8 4.7 3.8 4.04 700 Lode

See Release July 22, 2015

CW101003 (2)

13.9 17.85 3.95 3.1 6.71 700 Lode

See Release July 22, 2015

CW101004 (1)

14.7 19.75 5.05 3.3 3.03 700 Lode  

CW101005

15.1 20.1 5 3.7 2.43 700 Lode  

CW101006

13 17.65 4.65 3.75 3.51 700 Lode  

CW93501

No Significant Intercept 700 Lode  

CW93502

110.3 119.35 9.05 8.15 3.34 700 Lode  

CW93503

No Significant Intercept 700 Lode  

CW93504

No Significant Intercept 700 Lode  

CW93506

No Significant Intercept 700 Lode  

CW93508

108.2 110.4 2.2 2.15 3.23 700 Lode  

CW93510

112 116 4 3.5 8.4 700 Lode  

CW93511

No Significant Intercept 700 Lode  

CW93516

132.5 139.2 6.7 5.45 4.26 700 Lode  

8



NEWS REALEASE
TSX: KL

Hole ID From
(m)
To (m) Downhole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
Geological
Structure

Comments

    A1 Lode   

CW101004 (1)

148.9 152.3 3.4 1.75 2.44 A1 Lode

               and (1)

154.35 154.75 0.4 0.2 98 A1 Lode

CW101005

88.3 92.5 4.2 3.7 7.16 A1 Lode

CW101006

102.2 104.1 1.9 1.65 5.29 A1 Lode

                     and

113 115.8 2.8 2.3 2.66 A1 Lode

CW101012

87.3 89.3 2 1.7 6.14 A1 Lode

                     and

92.5 94.5 2 1.85 3.71 A1 Lode

CW101013 (1)

63.2 66 2.8 2.2 14.57 A1 Lode

CW93513 (1)

229.5 234 4.5 4 119 A1 Lode

including (1)

233 234 1 0.9 521 A1 Lode

    A2 Lode   

CW101002 (2)

78.05 81 2.95 2.25 2.05 A2 Lode

See Release July 22, 2015

               And (2)

83.5 86.8 3.3 2.45 2.84 A2 Lode

See Release July 22, 2015

                     (1) (2)

           

and

71.5 74.75 3.25 2.8 4.78 A2 Lode

See Release July 22, 2015

CW101003 (2)

79 82 3 2.65 2.24 A2 Lode

See Release July 22, 2015

CW101004

87.3 90.55 3.25 2.1 3.18 A2 Lode

                     and

97.15 99.15 2 1.15 3.09 A2 Lode

CW101012

39.2 41.2 2 1.55 2.44 A2 Lode

                     and

43.6 46.3 2.7 2.2 4.42 A2 Lode

CW101013

41.5 43.9 2.4 2.25 5.51 A2 Lode

    Adder Lode   

CW101007

No Significant Intercept Adder Lode

CW101007A

No Significant Intercept Adder Lode

CW101008

No Significant Intercept Adder Lode

CW101009

No Significant Intercept Adder Lode

CW93507

63.35 65.1 1.75 1.4 6.57 Adder Lode

    Hornet Lode   

CP009W1 (2)

821.43 824.36 2.93 1.4 4.17 Hornet Lode

See Release Jun 16, 2011

               And (2)

826.68 828.32 1.64 0.75 10.55 Hornet Lode

See Release Jun 16, 2011

CW101002 (2)

378 380.3 2.3 0.9 7.7 Hornet Lode

See Release July 22, 2015

CW101012

287 290 3 1.45 8.64 Hornet Lode

CW101013

324.4 333 8.6 3.9 3.5 Hornet Lode

CW93513

398.5 401.65 3.15 2.1 4.32 Hornet Lode

CW93515

462 467.4 5.4 2.85 4.66 Hornet Lode

CW93516

402.9 405.1 2.2 1.4 4.82 Hornet Lode

PHP0001 (2)

456 458 2 1.4 16.4 Hornet Lode

See Release Jun 16, 2011

    W1 Lode   

CW101002 (2)

159 165.15 6.15 2.9 6.79 W1 Lode

See Release July 22, 2015

and (1) (2)

169 191.75 22.75 11.3 4.34 W1 Lode

See Release July 22,
2015

9



NEWS REALEASE
TSX: KL

Hole ID

From
(m)
To (m) Downhole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
Geological
Structure

Comments

CW101003 (2)

178.15 183.9 5.75 3.25 3.86 W1 Lode

See Release July 22, 2015

CW101004

192.15 197.45 5.3 2.45 2.15 W1 Lode

And 199.55 204.55 5 1.8 7.39 W1 Lode

CW101006

155.8 156.8 1 0.6 15.3 W1 Lode

                     and

173.1 176 2.9 2.05 4.37 W1 Lode

and (1) 143 149 6 3.85 9.64 W1 Lode

CW101010

108 112 4 2.8 4.14 W1 Lode

and 124 140.6 16.6 9.8 4.23 W1 Lode

CW101011

99 102 3 2.25 2.23 W1 Lode

CW101012

102.1 102.9 0.8 0.4 10.2 W1 Lode

                     and

129.3 132.7 3.4 1.55 3.16 W1 Lode

and 135.7 141.1 5.4 2.9 23.87 W1 Lode

     including (1)

135.7 136.5 0.8 0.4 125 W1 Lode

CW101013

129.4 131.5 2.1 1.3 3.42 W1 Lode

                     and

135.7 140.2 4.5 1.8 6.64 W1 Lode

    W2 Lode   

CP009W1 (2)

722.28 724.38 2.1 1.25 7.01 W2 Lode

See Release Jun 16, 2011

CW101002 (2)

220 221.75 1.75 0.7 25.18 W2 Lode

See Release July 22, 2015

CW101006

212 213 1 0.55 19.8 W2 Lode

CW101010

153 155 2 1.2 2.98 W2 Lode

                     and

159 162 3 1.7 2.84 W2 Lode

CW101012

152.6 153.8 1.2 0.9 11.81 W2 Lode

CW101012 (1)

156.6 167.7 11.1 7 15.27 W2 Lode

     including (1) 156.6 161.8 5.2 3.1 29.7 W2 Lode

CW93513 (1)

309.1 311.3 2.2 1.6 5.01 W2 Lode

GFG001W1

896 897 1 0.65 7.39 W2 Lode

See Release Apr 14, 2010

    W3 Lode   

CW101001A (2)

296.45 297.5 1.05 0.25 61.6 W3 Lode

See Release July 22, 2015

               And (2)

319.05 321.05 2 1.3 2.82 W3 Lode

See Release July 22, 2015

CW101002 (2)

226.6 229.5 2.9 2.15 2.56 W3 Lode

See Release July 22, 2015

               And (2)

234.5 248.2 13.7 5.7 4.44 W3 Lode

See Release July 22, 2015

               And (2)

254 256.7 2.7 2.15 2.45 W3 Lode

See Release July 22, 2015

CW101003  (2)

258.6 259.65 1.05 0.5 170 W3 Lode

See Release July 22,  
2015 

CW101005

219.7 221 1.3 0.75 65.5 W3 Lode

                     and

235.9 237 1.1 0.7 14.7 W3 Lode

Tight Folding

CW101005 (1)

273.1 274 0.9 0.55 82.6 W3 Lode

CW101006

268.6 273.6 5 4.75 5.9 W3 Lode

               and (1)

238.3 239.9 1.6 1.05 7.92 W3 Lode

CW101006 (1)

261.8 265.15 3.35 2.95 2.53 W3 Lode

CW101010

196 203.2 7.2 4.45 4.92 W3 Lode

10



NEWS REALEASE
TSX: KL

Hole ID From
(m)
To (m) Downhole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
Geological
Structure
Comments
                     and 217 222 5 2.6 2.94 W3 Lode  
                     and 228 229 1 0.45 10.8 W3 Lode  
CW101012 (1) 173.7 178.3 4.6 2.65 2.76 W3 Lode  
CW93513 (1) 364.7 365 0.3 0.2 46.3 W3 Lode  
CW93516 361.7 366.8 5.1 4.05 3.17 W3 Lode  
    Undefined Lodes   
CP009W1 (2) 464.5 468.5 4 2.85 3.08 N/A See Release Jun 16, 2011
               And (2) 477.5 482.08 4.58 3.3 2.92 N/A See Release Jun 16, 2011
               And (2) 489.5 491.5 2 1.4 3.48 N/A See Release Jun 16, 2011
               And (2) 629.85 636 6.15 3.65 2.19 N/A See Release Jun 16, 2011
               And (2) 802.39 805.88 3.49 1.7 3.71 N/A See Release Jun 16, 2011
CW101001 (2) 67.7 70.6 2.9 1.8 6.99 N/A See Release July 22, 2015
CW101001A (2) 72.85 75 2.15 0.85 2.19 N/A See Release July 22, 2015
CW101003 (2) 286.4 288.4 2 1.35 4.03 N/A See Release July 22, 2015
CW101010 0 1 1 0.75 12.2 N/A  
CW101011 142 145 3 2.2 2.52 N/A  
CW93505 133.2 134.6 1.4 0.85 17.36 N/A  
CW93509 87.1 91.65 4.55 4.3 3.14 N/A  
CW93510 7.7 10 2.3 1.2 10.29 N/A  
                     and 92.8 96.7 3.9 3.6 2.56 N/A  
CW93515 79 82 3 2.75 2.67 N/A  
                     and 140 142 2 1.65 2.54 N/A  
CW93516 100.7 102 1.3 0.95 9.99 N/A  
                     and 286.3 288.9 2.6 1.15 2.06 N/A  
PHP0001 (2) 449.4 451 1.6 1.15 4.7 N/A See Release Jun 16, 2011

Intercept Notes:

   (1) Intercept with visible gold logged in drill hole.
   (2) Previously reported drill hole
Intercepts are generally based on minimum 2m downhole length, above 2 g/t gold grade and maximum 3m internal waste downhole length. However, narrower intercepts are reported where gold grade (g/t Au) x estimated true width (m) is >10 Gram-m gold.
  Intercepts with >30 Gram-m gold are in bold text.
  Gram-m = Gold Grade (g/t Au) x Estimated True Width (m)
Previously reported holes may have different reported intercepts due to changes in geological understanding of the mineralized structures.

Table 2 Lantern Gold Deposit Drill Collars

Hole ID Northing Easting Relative
Elevation
(Grid) Collar
Azimuth
Collar Plunge Depth
(m)
Hole Comments and Targets
CW93501 1,456 5,076 940 201.2 7.6 284.8

Partly Test Lantern

CW93502 1,457 5,075 940 217 0.2 143.4

700 Lode Target

11



NEWS REALEASE
TSX: KL

Hole ID Northing Easting Relative
Elevation
(Grid) Collar
Azimuth
Collar
Plunge
Depth
(m)
Hole Comments and Targets

CW93503

       1,457        5,075 941 223 27.2 170.1

700 Lode Target

CW93504

       1,457        5,075 939 211.7 -8.5 155.8

700 Lode Target

CW93505

       1,456        5,076 941 194.2 19.7 185

700 Lode Target

CW93506

       1,456        5,076 939 194.2 -6.8 183

700 Lode Target

CW93507

       1,457        5,075 940 210.1 8.8 140.2

700 Lode Target

CW93508

       1,458        5,075 940 223.5 9.2 128.3

700 Lode Target

CW93509

       1,459        5,074 940 237 8.9 156.6

700 Lode Target

CW93510

       1,458        5,075 939 223.5 -9 130.9

700 Lode Target

CW93511

       1,459        5,074 939 237 -8.7 146.1

700 Lode Target

CW93513

       1,459        5,075 939 237 -25 441.6

Full transect across Lantern host rocks

CW93515

       1,458        5,075 939 219.9 -13.8 491.2

Full transect across Lantern host rocks

CW93516

       1,459        5,075 939 246.2 -29.3 409.5

Full transect across Lantern host rocks

CW101004

       1,345        5,038 1,013 239.9 -41.8 340.8

Central Lantern Only

CW101005

       1,344        5,039 1,014 221.2 -22.4 303

Central Lantern Only

CW101006

       1,345        5,040 1,013 233.8 -31 425.9

Full transect across Lantern host rocks

CW101007

       1,321        5,038 1,015     14.9

Adder Lode Target/Hole Abandoned

CW101007A

       1,321        5,038 1,015 99.4 -5.1 72

Adder Lode Target

CW101008

       1,320        5,038 1,014 112.2 -23.6 92.4

Adder Lode Target

CW101009

       1,320        5,038 1,015 118.9 -3.5 98.7

Adder Lode Target

CW101010

       1,335        5,020 1,014 229.6 -28.2 368.9

Full transect across Lantern host rocks

CW101011

       1,335        5,020 1,014 228.3 -14.6 386.3

Full transect across Lantern host rocks

CW101012

       1,336        5,020 1,014 239.3 -31 329.9

Full transect across Lantern host rocks

CW101013

       1,335        5,020 1,014 214.9 -17.2 373.3

Full transect across Lantern host rocks

Total

          5972.6m

25 holes

CW101001(2)

       1,346        5,038 1,013     72.6

Hole abandoned

CW101001A(2)

       1,345        5,038 1,013 255 -40.5 441

Full transect across Lantern host rocks

CW101002(2)

       1,345        5,038 1,013 240.7 -33.3 431.8

Full transect across Lantern host rocks

CW101003(2)

       1,345        5,038 1,013 248 -37.1 308

Central Lantern Only

GFG001W1(2)

       1,840        5,195 1,159 240 -61.3 1,019.30

Historic Surface Hole

PHP001(2)

       1,221        5,162 1,071 250.8 -32.7 550

Historic Surface Hole

CP009W1(2)

       1,591        5,217 1,155 241 -54 950.1

Historic Surface Hole

(2) – Previously reported drill hole

Drilling and Assay QAQC

Kirkland Lake Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica Total Stations instrument and down hole deviations are measured using a down hole Gyro instrument.

All reported drill intercepts are from NQ2 or NQ sized diamond drill core that was cut longitudinally in half with a diamond saw depending on the requirements to keep core for future reference. In the cases of sawn drill core, one-half of the drill-core was sent for assay and the other half retained for reference. Drill core sample intervals vary between 0.2 and 1.5m in length and were determined from logging of sulphide and visible gold. Where recognized in drill core all visible gold zones have been noted in the tables reported above.

12



NEWS REALEASE
TSX: KL

Assay results are based on 50-gram charge fire assay. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum contiguous 3m internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed.

Drill samples from the Cosmo Gold Mine were assayed at North Australian Laboratories Pty Ltd, an independent analytical laboratory in Pine Creek, Northern Territory.

All Mine Geology and Exploration teams conduct site audits and reviews from time to time at the independent laboratory as well as conduct intra-laboratory analysis of results to test the quality of reported results. All reviews of QAQC data has not identified any significant issues that cannot be resolved prior to results being used for modelling or reporting.

13