May 14, 2009
Symbol - TSX & AIM: KGI
Kirkland Lake Gold Inc.
Fourth Quarter Gold Production of 20,411 Ounces
Kirkland Lake Gold Inc. ("Kirkland Lake" or the "Company"), an operating and exploration gold mining company located in Ontario, Canada, is pleased to provide an overview of it?s fourth quarter gold production for the months of February, March and April. The Company's new fiscal year 2010 began May 1, 2009.
As reported in a news release dated April 21, 2009, the Company had hired and integrated into its workforce an additional 150 underground workers during January and February and had converted into a seven day mining operation based on two 10 hour shifts. By early March, the number of ore headings doubled due to new headings coming on stream in both the Main Mine and the South Mine Complex. This resulted in a record monthly gold production for the Company in March of 7,377 ounces.
In April, a total of 19,473 tons were milled at a rate of 649 tons per day at a head grade of 0.4748 ounces of gold per ton to produce 8,916 ounces of gold for the month, bringing the quarterly production to a record 20,411 ounces for the quarter, and to 48,012 ounces for the fiscal year.
Full financial numbers are to be released July 28, 2009.
"We are very pleased with April's record gold production figures," said Harry Dobson, Company Chairman. "Ongoing efforts by the operating team to upgrade mine infrastructure, deploy new and
refurbished equipment, and bring new development and production headings on line have not only given us a strong quarter, but position us well for the new fiscal year."
About Kirkland Lake Gold Inc.
Kirkland Lake Gold Inc. is an operating and exploration gold mining company located in Ontario, Canada. It purchased the Macassa Mine and the 1,450 ton per day mill along with four former producing gold properties ? Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves ? in December 2001. These properties, which have historically produced some 22 million ounces of gold, extend over seven kilometres between the Macassa Mine on the west and Wright Hargreaves on the east and, for the first time, are being developed and explored under one owner. This camp is located in the Southern Abitibi Greenstone Belt of Kirkland Lake, Ontario, Canada. The Company?s corporate goal is to expand its gold reserves and reduce its operating costs to become a profitable gold producer.
The Company?s common shares trade on the TSX (Toronto Stock Exchange) and on the AIM (Alternative Investment Market) of the London Stock Exchange..
The Company?s senior management and Board of Directors have extensive experience in the natural resource and mining sectors that include exploration, mining and marketing, as well as experience in the legal and corporate finance areas.
For further information, please contact:
Brian Hinchcliffe Scott Koyich
President Investor Relations
Phone : +1 705 567 5208 Phone : +1 403 215 5979
Fax: +1 705 568 6444 E-mail: info@klgold.com
E-mail: bhinchcliffe@klgold.com
Website: www.klgold.com
Chelsea Hayes / Klara Kaczmarek Katherine Roe / Ashton Clanfield
Pelham Public Relations NOMAD: Panmure Gordon (UK) Ltd
Phone: +44 (0) 20 7337 1524 Phone: +44 207 7459 5744
E-mail: chelsea.hayes@pelhampr.com Email: katherine.roe@panmure.com
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward Looking Statements
This press release may contain statements which constitute ?forward-looking? statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or officers with respect to the future business activities and operating performance of the Company. The words ?may?, ?would?, ?could?, ?will?, ?intend?, ?plan?, ?anticipate?, ?believe?, ?estimate?, ?expect? and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company?s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company?s Annual Information Form and quarterly and annual Management?s Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company 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 be as anticipated, estimated or intended. The Company does not intend nor assume any obligation to update these forward-looking statements.
Klara Kaczmarek Account Manager DL +44 (0)20 7337 1524 M +44 (0)7859 048 228 Pelham 12 Arthur Street, London, EC4R 9AB T: +44(0)20 7337 1500 F: +44(0)20 7337 1550 http://www.pelhampr.com/ |
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