Kirkland Lake Gold Announces New High-Grade Intersections at Fosterville Swan

• Infill drilling into the Swan Mineral Reserves intersects higher than expected grades with visible-gold; results highlight potential to add ounces to existing Mineral Reserves
  • Key intercepts:
    • 976 g/t Au over 7.4 m (ETW 7.0 m);
    • 933 g/t Au over 6.4 m (ETW 5.8 m);
    • 416 g/t Au over 6.8 m (ETW 5.6 m); and
    • 222 g/t Au over 8.1 m (ETW 7.3 m)
• Drill results at Robbin’s Hill confirm substantial scale of mineralized system; new intercepts identify potential Mineral Resource extensions and new mineralization surrounding the Curie Fault 
  • Key intercepts:
    • 30.8 g/t Au over 3.6 m (ETW 2.9 m) Curie Fault;
    • 10.6 g/t Au over 1.6 m (ETW 1.6 m) Curie Fault;
    • 9.6 g/t Au over 4.6 m (ETW 3.7 m) Curie Fault;
    • 7.7 g/t Au over 3.7 m (ETW 2.8 m) Curie Fault;
    • 5.0 g/t Au over 17.8m (ETW 11.7m) Curie Fault;
    • 68.1 g/t Au⁽¹⁾ over 4.4 m (ETW 3.2 m) Herschel Fault
    • Visible-gold intercepts in holes RHD413 (Curie) and RHD411A (Curie HW)
• Drilling of the Cygnet target demonstrates growth potential outside existing Mineral Resources 
  • Key intercepts:
    • 13.6 g/t Au over 6.6 m (ETW 5.9 m);
    • 12.7g/t Au over 2.1 m (ETW 2.1 m); and
    • 5.4 g/t Au over 9.7 m (ETW 8.0 m)
• Drilling of the Harrier target intersects significant mineralization outside existing Mineral Reserves
  • Key intercepts:
    • 20.9 g/t Au over 5.9 m (ETW 5.5 m);
    • 22.8 g/t Au⁽¹⁾ over 4.3 m (ETW 3.7 m); and
    • 24.5 g/t Au over 3.8 m (ETW 3.8 m)

 Abbreviations include: (1): visible-gold; g/t Au: grams per tonne gold; ETW: estimated true width

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade results from surface and underground drilling at the Fosterville Mine in Victoria, Australia. Recent infill drilling in the Swan Zone has returned intercepts with higher than anticipated grades and visible-gold near the intersection of the Swan Fault and the Swan Splay structure. Surface drilling has continued to target additional growth in the Robbin’s Hill gold system to assess the potential of further Mineral Reserve expansion. Underground growth drilling programs have also progressed in the Lower Phoenix gold system targeting the Cygnet Fault, and in the Harrier gold system targeting the Harrier Base Fault, where encouraging results have been returned. Drill results reported are from 44 holes (6,803 m) from the Swan infill drilling program and 111 holes (59,311 m) from step out, extension and infill drilling at Robbin’s Hill, Cygnet and Harrier (Figures 1 & 2).

Tony Makuch, President and CEO of Kirkland Lake Gold, commented: “Drilling at Fosterville continues to demonstrate the significant size and scale of the mineralized structures, all of which contain quartz veining with visible-gold and all of which have the potential to host additional Swan or Swan-like zones. At the Swan Zone, results from new infill drilling include higher than expected grades, which is encouraging as we work towards our next Mineral Reserve and…