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

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To: jackjc who wrote (22170)	10/3/2006 3:08:58 AM
From: E. Charters	Read Replies (2) of 78424

Kirkland Lake Gold Inc.: Drilling Below 5300 L Intersects 9.60 Ounces of Gold per Ton Over 10.7 Feet Other Holes Return 3.43 Ounces of Gold per Ton Over 11.9 Feet and 2.16 Ounces of Gold per Ton Over 18.5 Feet KIRKLAND LAKE, ONTARIO -- Oct. 3, 2006) - 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 zones of mineralization continue to be intersected in each hole. Drill hole 53-482, the first down hole drilled, has intersected two zones of significant mineralization including 24.67 ounces of gold per ton ("opt") uncut or 1.63 (cut) over a core length of 2.4 feet and 9.60 opt uncut or 1.81 opt cut over a core length of 10.7 feet. The 9.60 opt over 10.7 feet of core length represents the deepest significant intersection to date on new mineralization south of the mine workings. "Up until this point, we have been concentrating our drilling at and slightly above the elevation of the 5300 cross cut," said Stewart Carmichael, Chief Exploration Geologist. "We believe the 9.60 ounce intersection correlates with the 1.11 ounce intersection in hole 50-740 giving potential dimensions of 575 feet of strike length and 280 feet in dip in this new mineralized system." Highlights of the current results: - The 24.67 opt over 2.4' of core length in drill hole 53-482 included an intersection of 58.80 opt over 1.0' core length and correlates well with the newly designated #7 Break. The intersection is located 180' west and 105' below the 5300 level cross cut. - The second intersection in 53-482 (9.60 opt over 10.7' core length) included an intersection of 41.08 opt over 2.1' of core characterised by both coarse visible gold and abundant telluride. This intersection is located 360 feet southwest and 235' below the 5300 level cross cut. - The second intersection in drill hole 53-482 represents the deepest mineralized ore-grade intersection to date on new mineralization to the south; at the -5505 elevation. A preliminary interpretation of this new zone indicates possible alignment with previously released drill hole 50-740 (see release dated September 6th, 2006) which, in addition to the 5.57 opt intersection over 50 feet of core length, reported an intersection further down the hole which assayed 1.11 opt over a core length of 4.7 feet. This intersection would be located 575 feet to the east and 280 feet up-dip from the 9.60 opt intersection in 53-482. Drilling is in progress to verify this interpretation.

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