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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: TheSlowLane	9/19/2006 7:20:42 AM
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Are these results any good? Latest Drilling from 5300 Level Continues to Intersect High Grade Gold Mineralization-1.02 Ounces of Gold per Ton Over 30.9 feet KIRKLAND LAKE, ONTARIO, Sep 19, 2006 (CCNMatthews via COMTEX News Network) -- Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) is pleased to announce an update on exploration drilling testing the new ore systems to the south of the No. 3 Shaft. The Company has received assays for seven additional drill holes completed from new drill bays on the 5300 level cross cut. Multiple ore-grade intersections are present in all holes including an intersection of 1.02 ounces of gold per ton over a core length of 30.9 feet in drill hole 53-471. As drilling to the south continues, estimates on the size of these new ore bodies will be updated and reported on a regular basis. "The intersection of 1.02 ounces per ton over 30.9 feet in drill hole 53-471 appears to correlate with the New South Zone 570 feet to the east. This indicates the substantial ore potential of this new sulphide ore body," said Mike Sutton, Chief Geologist. "In addition, the multiple zones present in this area will quickly expand the current reserve and resource base." Highlights of the current results: - The wide intersection in drill hole 53-471 appears to correlate with the New South Zone 570 feet to the east, with the New South Zone now exhibiting a more east-west strike in this area. (see figure #1) - Drill hole 53-472 intersected 9 different mineralized zones from 164.1 to 418.9 feet with the best intersection being 9.20 ounces per ton over 4.7 feet on the Lower D North Hangingwall Zone. (see figure #2) - Drill hole 53-468 intersected 20.2 ounces per ton over 2.0 feet on what is interpreted to be #6 Break. (see figure #2) - Drilling thus far from the cross cut has covered a strike length of 800 feet with a vertical extent of 250 feet. Mineralization associated with the Lower D Zone/Lower D North and subsidiary mineralization has now been defined over a strike length of 2,000 feet. The newly designated #7 Break has been defined over a strike length of 400 feet with a vertical extent of 400 feet. - Extending a distance from 1,100 to 2,000 feet south of the mine workings and from a north to south direction, at least 8 parallel and sub-parallel zones have been identified which include: - #6 Break - #7 Footwall Zone - #7 Break - Lower D North Footwall (FW) Zone - Lower D Zone - Lower D North - Lower D North Hangingwall (HW) Zone - New South Zone Additional mineralized zones are present but require further drilling to prove continuity and are thus designated as New Zones. The diagrams referred to in this release may be viewed at the Company's website, www.klgold.com and will provide context to the above statements.

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