Kirkland Lake Gold Ltd. T.KGI

Detour Reserves 2019

[JRafflesUK]

The detour 2018 financials were released on 7 March 2019.  Therefore, we could expect 2019 Detour financials within days.
 
What will be of interest will be the re-evaluated reserves at the end of 2019.  The 2018 reserves were computed using a long term price of gold of $1,000 (see below) (Resources @ $1,200. Also the US/CAD exchange rate used was 1.10.
 
https://www.detourgold.com/investors/news/press-release-details/2019/Detour-Gold-Reports-Fourth-Quarter-and-Year-End-2018-Financial-Results/default.aspx
 

Mineral Reserves and Resources1, 8, 9
(Effective December 31, 2018)
Proven and Probable Mineral Reserves
Deposit	Proven			Probable			Proven and Probable
	Tonnes	Grade	Contained Ounces	Tonnes	Grade	Contained Ounces	Tonnes	Grade	Contained Ounces
	(Mt)	(g/t Au)	(K oz)	(Mt)	(g/t Au)	(K oz)	(Mt)	(g/t Au)	(K oz)
Detour Lake    (open pit)2, 3	83.3	1.24	3,324	331.6	0.92	9,846	414.9	0.99	13,170
West Detour (open pit) 2, 3	1.9	0.96	60	59.0	0.94	1,783	60.9	0.94	1,843
West Detour pit	1.9	0.96	60	53.0	0.94	1,596	54.9	0.94	1,656
North pit	-	-	-	6.0	0.98	187	6.0	0.98	187
LG Fines4	-	-	-	22.6	0.59	431	22.6	0.59	431
Total P&P	85.2	1.24	3,384	413.2	0.91	12,060	498.4	0.96	15,444
Measured and Indicated Mineral Resources
Deposit	Measured			Indicated			Measured and Indicated
	Tonnes	Grade	Contained Ounces	Tonnes	Grade	Contained Ounces	Tonnes	Grade	Contained Ounces
	(Mt)	(g/t Au)	(K oz)	(Mt)	(g/t Au)	(K oz)	(Mt)	(g/t Au)	(K oz)
Detour Lake  (open pit)2, 3	16.4	1.35	713	65.0	1.10	2,290	81.4	1.15	3,003
West Detour (open pit) 2, 3	0.3	0.93	9	30.6	0.88	870	31.0	0.88	878
West Detour pit	0.3	0.93	9	28.5	0.88	806	28.8	0.88	815
North pit	-	-	-	2.1	0.93	64	2.1	0.93	64
Zone 58N5, 6, 7	-	-	-	2.9	5.80	534	2.9	5.80	534
Total M+I	16.7	1.34	722	98.5	1.17	3,694	115.3	1.19	4,415
Inferred Mineral Resources
Deposit	Inferred
	Tonnes	Grade	Contained Ounces
	(Mt)	(g/t Au)	(K oz)
Detour Lake (open pit)2, 3	33.6	0.79	855
West Detour (open pit) 2, 3	9.3	0.95	282
West Detour pit	9.2	0.95	280
North pit	0.1	0.85	2
Zone 58N5, 6, 7	1.0	4.35	136
Total Inferred	43.9	0.90	1,273

 

Notes:
1.	The Company's mineral reserve and mineral resource statement is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") "CIM Definition Standards - For Mineral Resources and Mineral Reserves" adopted by the CIM Council (as amended, the "CIM Definition Standards") in accordance with the requirements of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). Mineral reserve and mineral resource estimates reflect the Company's reasonable expectation that all necessary permits and approvals will be obtained and maintained.
2.	Mineral reserves were estimated using a gold price of $1,000/oz and mineral resources were estimated using a gold price of $1,200/oz at a $US/$CDN exchange rate of 1.10.
3.	Mineral reserves and resources were based on a cut-off grade of 0.50 g/t Au.
4.	LG Fines (sourced from material grading 0.40-0.50 g/t Au) classified as Measured and Indicated were reported as Probable mineral reserves and included in the mine plan. LG Fines, reported above, also included 1.7 Mt averaging 0.45 g/t Au.
5.	Mineral resources for Zone 58N reported at a cut-off grade of 2.2 g/t Au, using a gold price of $1,300 per ounce and a $US/$CDN exchange rate of 1.25 with an assumed mining dilution of 12%.
6.	High grade gold assays were capped at values ranging from 20 to 120 g/t Au depending on the domain.
7.	Interpolation completed using 2 metre composites. The block grade estimate used 1-pass nearest neighbor (NN) and 4-pass Inverse Distance Cubed (ID3) interpolation method. Block model uses block sizes of 5 x 3 x 5 metres.
8.	Mineral resources are reported exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resources are constrained within an economic pit shell.
9.	Totals may not add due to rounding.