Kirkland Lake finds visible gold in NT

FURTHER exploration success at Kirkland Lake Gold’s Cosmo project in the Northern Territory boosts the prospects of a restart.

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Kirkland Lake's Cosmo mine

At the Lady Alice deposit at Union Reefs (UR), the company identified high-grade, visible gold-bearing mineralisation at shallow depths.

Results included 7.2m at 8.9 grams per tonne gold (estimated true width 3.4m), including 0.45m at 86gpt (ETW 0.2m); 7.5m at 7.5gpt gold (ETW 4.1m); and 0.9m at 23.8gpt gold (ETW 0.5m).

The mineralisation is less than 100m from planned underground infrastructure.

The company also discovered high-grade mineralisation at depth to the south of the existing Union Reefs resource, with a best result of 0.6m at 60.4gpt gold (ETW 0.3m) from 547m.

The work also successfully extended the Prospect deposit to the south and confirmed the down-plunge continuity of the Crosscourse deposit.

"The new results at UR are encouragi...