09:47 AM EDT, 08/08/2017 (MT Newswires) -- Kirkland Lake Gold's (KL.TO) underground drilling program at the Fosterville Mine continues to intersect high-grade results at depth.

Recent drill results returned from six underground holes totaling 2,652 metres into existing Mineral Resources and extensions of the Swan Zone (previously referred to as the Lower Phoenix Footwall) of the Lower Phoenix gold system continue to return intervals of extremely high grades with visible gold. Continuity of high-grade visible gold mineralization in the Swan Zone has now been defined over a strike extent of 300 m and vertical extent of 200 m.

Recent drilling confirms that high-grade visible-gold mineralization extends approximately 80 m laterally to the south and 40 m below Swan Mineral Reserves as reported in the July 27, 2017, Kirkland Lake Gold News Release.

Kirkland Lake Gold's shares were fractionally lower in earlier trading, but near their 52-week high.

Price: 12.73, Change: -0.03, Percent Change: -0.24