Kirkland Lake Gold Inc.: Obstruction in Main Pastefill Borehole Impacts Gold Production
02:00 EDT Tuesday, July 07, 2009
KIRKLAND LAKE, ONTARIO--(Marketwire - July 7, 2009) - Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) reports that an unexpected obstruction blocked the pastefill borehole above Level 34 of its Kirkland Lake Mine on June 23, 2009. While efforts were made immediately to clear the obstruction, these efforts have so far been unsuccessful.
As efforts to clear the blockage continue, the Company has accelerated the drilling of back-up pastefill boreholes planned for later this year. Until the blockage is cleared or until another hole can be brought online, certain mining areas requiring pastefill will be idled. This impacted production for one week of June and will continue in July and possibly August and September. Mining crews affected have already been reassigned to exploration, capital, or stope development activities.
An update on this matter will be provided on July 20, 2009 to coincide with the release of the Company's annual results.
"Unfortunately, this plug occurred before a scheduled back-up hole was to be drilled. The re-assignment of stoping crews to expedite development projects is critical to expanding our medium and long term exploration and production efforts," said Harry Dobson, Chairman. "The Company is comfortable with its cash position and financial outlook."