ONTARIO – New exploration drill results from both surface and underground at the Taylor gold mine 53 km east of Timmins has resulted in new discoveries and extensions to mineralized zones says owner
Kirkland Lake Gold of Toronto.
[caption id="attachment_1003716973" align="alignright" width="300"]
Longitudinal section at the Taylor gold mine complex.[/caption]
KLGold has identified three major mineralized zones at Taylor – the West Porphyry deposit (WPZ) where current mining takes place, the Shoot deposit to the west, and the Shaft deposit to the east.
Highlights from recent drill holes, uncut, include:
- 10.31 g/t Au over 3.2 metres in hole TA16-001 and 13.91 g/t over 1.5 metres identifies new WPZ deposit style mineralization approximately 300 metres to the west;
- 39.62 g/t Au over 1.1 metre including 85.00g/t (includes visible gold) over 0.5 metre in hole T450-012 identifies WPZ deposit 1003 zone style mineralization approximately 330 metres down-dip;
- 9.50 g/t Au over 4. 5 metres in hole T160-017 identifies up-dip extension of the WPZ deposit 1004 zone; and
- 3.29 g/t Au over 9.6 metres and 4.59 g/t over 5.8 metres in hole TA16-008 and 2.35 g/t over 11.0 metres including 3.96 g/t over 3.0 metres in hole TA16-019 drilled on surface, identifies new mineralization 800 metres east of the Shaft deposit.
KLGold president and CEO Tony Makuch said in a release, "The Taylor mine is the company's newest gold mine with 2016 gold production totaling 42,639 oz. Since the mine commenced operation in Q4 2015, the focus has been on better understanding the deposit with resource definition drilling and underground development to support stoping. Looking forward to 2017, Taylor is scheduled to produce 55,000 to 60,000 oz of gold.
"In planning our 2017 exploration program, the goal is to significantly add to the resource to allow increasing production and mine life beyond 10 years. This is our first opportunity to capitalize on the underground drill platforms and we are pleased with the exploration success to date.”
More information about the Taylor mine complex is posted at
www.KLGold.com.
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