New gold zone discovered at Matheson mine.

 
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Kirkland Lake Gold reported finding a new gold zone at its Taylor Mine in northeastern Ontario.

On Dec. 18, the company released new exploration drill results from surface and underground drilling at its Taylor Mine near Matheson.

The new gold zone was intersected 350 metres below existing mining and known mineralization in the West Porphyry Deposit.

Some of the key intercepts include 46.7 grams per tonne (g/t) over 9.6 m, including 68.3 g/t over 6.0 metres, 89.2 g/t over 1.0 metres and 104.2 g/t over 1.0 metres, with numerous visible-gold stringers.

The company said drilling between the West Porphyry Deposit and the Shaft Deposit continues to intersect high-grade mineralization near existing infrastructure.

The Matheson area mine was commissioned in late 2015, originally developed by St. Andrew Goldfields prior to its acquisition by Kirkland Lake Gold in early 2016. The high-grade mine is said to have significant upside gold potential.

The property consists of two near surface gold deposits, the Shoot Deposit and the Shaft Deposit and the deeper West and East Porphyry deposits.

Drilling took place along a hanging wall where high-grade gold mineralization has been intersected up to 1.8 kilometres east of the...

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