Kirkland Lake Gold Inc.
TSX : KGI
AIM : KGI

Kirkland Lake Gold Inc.

June 23, 2009 02:00 ET

Kirkland Lake Gold Inc.: Drill Hole 53-1279 Returns 23.75 Ounces of Gold Per Ton Over 14.0 Feet; Other Exploration Results

KIRKLAND LAKE, ONTARIO--(Marketwire - June 23, 2009) - Kirkland Lake Gold Inc. (the Company) (TSX:KGI)(AIM:KGI) is pleased to announce an update on exploration drilling testing part of the South Mine Complex (SMC). The SMC consists of 15 or more mineralized zones, some of which are actively being explored and developed while others are now in production.

Recent drilling from one of many exploration programs currently in progress, designed to test inferred resource areas and expand the New South Zone between the -5600 and -5300 foot levels, has returned high grade gold mineralization.

"Approximately 80% of the drill holes completed during this program intersected high grade mineralization within previously defined inferred resource areas as well as untested areas," said Stewart Carmichael, Chief Exploration Geologist. He added, "Drill holes 50-1065AW and 50-1065AW1 have extended the strike length of the New South Zone an additional 130 feet east and have intersected new high grade mineralization footwall to the New South Zone."

The highlights of this recent drilling include:

- Drill hole 53-1279 assayed 23.75 ounces of gold per ton (opt) uncut (3.60 opt cut) over a true width of 14.0 feet on the New South Zone, and included:

-- 15.89 opt (uncut) over a true width of 0.9 feet,

-- 17.96 opt (uncut) over a true width of 1.8 feet,

-- 27.93 opt (uncut) over a true width of 0.9 feet, and

-- 192.50 opt (uncut) over a true width of 1.3 feet.

Three other drill holes, located 70 to 80 feet from hole 53-1279, returned high grade mineralization on the New South Zone including:

-- 1.98 opt (cut) over a true width of 4.8 feet (hole 53-1218),

-- 3.25 opt uncut or 2.25 opt cut over a true width of 7.7 feet (hole 53-1223) and

-- 1.96 opt uncut or 1.46 opt cut over a true width of 9.7 feet (hole 53-1278)

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/kgi623.jpg

- Drill holes 50-1065AW and 50-1065AW1 intersected the New South Zone 130 feet and 65 feet east of previously released drill hole 50-762 (0.53 opt over 18.9 feet true width, see the Company's news release dated April 18, 2007). Drill hole 50-1065AW assayed 0.40 opt over a true width of 3.1 feet and hole 50-1065AW1 assayed 0.66 opt over a true width of 9.5 feet. A new footwall zone was also intersected, in respect of which drill hole 50-1065AW assayed 1.56 opt over a true width of 0.5 feet and hole 50-1065AW1 assayed 26.25 opt uncut (2.90 opt cut) over a true width of 2.9 feet and included 29.28 opt over a true width of 0.4 feet, 19.99 opt over a true width of 0.4 feet and 94.96 opt over a true width of 0.5 feet.

- New hanging wall and footwall mineralization to the New South Zone was also intersected, in respect of which drill hole 53-1220 intersected a new footwall zone and assayed 73.55 opt over a true width of 2.5 feet. The mineralization comprises 3% disseminated tellurides, likely calaverite, with minor visible gold, and hosted within a chlorite altered shear zone.

The figure referred to in this release may be viewed at the Company's website, www.klgold.com and will provide context to the above statements. Figure 1 is a plan view showing the latest drilling results.



The following table summarizes the latest drilling program.
(Imperial values)

----------------------------------------------------------------------------
HOLE AZI-
DIP MUTH
DRILL FROM TO (deg- (deg- ASSAY
HOLE No. ZONE (feet) (feet) rees) rees) (oz per ton/feet)
----------------------------------------------------------------------------
53-1279 New HW 264.9 269.9 -76 339 0.59/5.0' CL equals ?? TW
New South 297.0 312.4 23.75/15.4' CL equals
14.0' TW, Uncut
3.60/15.4' CL equals 14.0'
TW, Cut(ii)
Incl. 298.0 299.0 15.89/1.0' CL equals 0.9'
TW, VG
and 301.3 303.3 17.96/2.0' CL equals 1.8'
TW, VG
and 305.0 306.0 27.93/1.0' CL equals 0.9'
TW, VG, Tell
and 306.0 307.4 192.50/1.4' CL equals 1.3'
TW, VG, Tell
and 307.4 309.4 4.21/2.0' CL equals 1.8'
TW
----------------------------------------------------------------------------
53-1218 New South 267.0 272.0 -49 312 1.98/5.0' CL equals 4.8'
TW
Incl. 269.5 272.0 3.63/2.5' CL equals 2.4'
TW, VG
----------------------------------------------------------------------------
53-1223 New South 302.5 312.0 -58 007 3.25/9.5' CL equals 7.7'
TW, Uncut
2.25/9.5' CL equals 7.7'
TW, Cut(ii)
Incl. 302.5 303.8 14.52/1.3' CL equals 1.1'
TW, VG
and 307.5 309.0 3.06/1.5' CL equals 1.2'
TW
and 310.6 312.0 4.46/1.4' CL equals 1.1'
TW, VG
----------------------------------------------------------------------------
53-1278 New South 305.6 316.3 -57 339 1.96/10.7' CL equals 9.7'
TW, Uncut
1.46/10.7' CL equals 9.7'
TW, Cut(ii)
Incl. 305.6 307.3 10.34/1.7' CL equals 1.5'
TW, VG
----------------------------------------------------------------------------
50-1065AW1 New South 2506.7 2530.4 -16 109 0.66/23.7' CL equals 9.5'
TW
Incl. 2513.9 2514.9 4.45/1.0' CL equals 0.4'
TW, VG, Tell
and 2528.7 2530.4 4.56/1.7' CL equals 0.7'
TW
Footwall 2559.7 2566.9 26.25/7.2' CL equals 2.9'
TW, Uncut
2.90/7.2' CL equals 2.9'
TW, Cut(i)
Incl. 2561.5 2562.5 29.28/1.0' CL equals 0.4'
TW, VG, Tell
and 2563.5 2564.8 94.96/1.3' CL equals 0.5'
TW, Tell
and 2564.8 2565.9 9.77/1.1' CL equals 0.4'
TW, VG
and 2565.9 2566.9 19.99/1.0' CL equals 0.4'
TW, VG, Tell
----------------------------------------------------------------------------
53-1220 HW 308.5 312.5 -30 332 1.58/4.0' CL equals ?? TW
New South 354.0 361.5 0.52/7.5' CL equals 6.5'
TW
New 686.0 688.5 73.55/2.5' CL equals 2.5'
TW, Tell
----------------------------------------------------------------------------
53-1214 New South 264.1 276.6 -47 271 0.48/12.5' CL equals 12.0'
TW
Incl. 264.1 265.8 1.97/1.7' CL equals 1.6'
TW
Footwall 507.5 508.7 2.40/1.2' CL equals ?? TW
----------------------------------------------------------------------------
53-1215 HW 272.8 278.9 -29 289 2.05/6.1' CL equals 5.3'
TW, Uncut
1.47/6.1' CL equals 5.3'
TW, Cut(i)
Incl. 277.8 278.9 6.68/1.1' CL equals 1.0'
TW, VG
New South 305.3 320.8 0.07/15.5' CL
----------------------------------------------------------------------------
53-1216 New South 462.5 473.8 -13 298 1.44/11.3' CL equals 5.3'
TW
Incl. 465.8 467.6 3.42/1.8' CL equals 0.8'
TW
----------------------------------------------------------------------------
53-1217 HW 281.8 284.2 -23 303 0.59/2.4' CL equals 2.0'
TW
New South 357.5 372.1 0.02/14.6 'CL
----------------------------------------------------------------------------
53-1219 New South 355.8 358.0 -21 322 14.00/2.2'CL equals 1.4'
TW, VG, Uncut
7.2/2.2' CL equals 1.4'
TW, Cut(ii)
----------------------------------------------------------------------------
53-1221 New South 334.0 341.1 -41 339 0.13/7.1' CL
----------------------------------------------------------------------------
53-1222 New South 358.2 371.7 -40 358 0.39/13.5' CL equals 11.2'
TW
Incl. 358.2 360.0 2.31/1.8' CL equals 1.5'
TW, VG, Tell
----------------------------------------------------------------------------
50-1065AW ?? 2086.6 2093.1 -16 109 0.58/6.5' CL equals ?? TW
New South 2578.4 2586.4 0.40/8.0' CL equals 3.1'
TW
Footwall 2631.9 2632.9 1.56/1.0' CL equals 0.5'
TW, VG
----------------------------------------------------------------------------
53-1272 New South 403.0 406.0 -21 271 0.91/3.0' CL equals 1.9'
TW, VG
----------------------------------------------------------------------------
53-1273 New HW 304.5 305.5 -20 289 0.62/1.0' CL equals 0.6'
TW
New South 403.2 404.6 0.10/1.4' CL
----------------------------------------------------------------------------
53-1274 New South 265.8 273.7 -58 289 0.04/7.9' CL
----------------------------------------------------------------------------
53-1275 New South 515.7 525.1 -7 312 4.71/9.4' CL equals 4.7'
TW, Uncut
2.70/9.4' CL equals 4.7'
TW, Cut(ii)
Incl. 515.7 517.2 5.67/1.5' CL equals 0.7'
TW
and 523.6 525.1 19.82/1.5' CL equals 0.7'
TW, VG, Tell
----------------------------------------------------------------------------
53-1276 New South 432.4 441.7 -13 312 3.39/9.3' CL equals 5.4'
TW, Uncut
3.28/9.3' CL equals 5.4'
TW, Cut(ii)
Incl. 432.4 434.8 7.64/2.4' CL equals 1.4'
TW, VG
and 440.0 441.7 6.36/1.7' CL equals 1.0'
TW, VG, Tell
New Footwall 467.5 468.5 37.79/1.0' CL equals ??
TW, VG, Tell
----------------------------------------------------------------------------
53-1277 New South 464.5 504.0 -16 339 0.90/39.5' CL equals 26.3'
TW, Uncut
0.63/39.5' CL equals 26.3'
TW, Cut(ii)
Incl. 465.9 467.3 14.65/1.4' CL equals 0.9'
TW, VG
and 502.6 504.0 4.55/1.4' CL equals 0.9'
TW, VG
New Footwall 660.9 665.1 0.75/4.2' CL equals ?? TW
----------------------------------------------------------------------------

TW equals True Width, CL equals Core Length, VG equals Visible Gold, Tell
equals Tellurides, (i) Cut equals cut to 3.5 opt, (ii) Cut equals cut to 7.2
opt, ?? TW equals Unknown True Width


The following table summarizes the latest drilling program results.
(Metric values)

----------------------------------------------------------------------------
HOLE AZI-
DIP MUTH
DRILL FROM TO (deg- (deg- ASSAY
HOLE No. ZONE (m) (m) rees) rees) (grams per tonne/m)
----------------------------------------------------------------------------
53-1279 New HW 80.8 82.3 -76 339 20.23/1.5m CL equals ?? TW
New South 90.6 95.2 814.29/4.6m CL equals 4.3m
TW, Uncut
123.43/4.6m equals 4.3m
TW, Cut(ii)
Incl. 90.6 91.2 544.80/0.6m CL equals 0.3m
TW, VG
and 91.9 92.5 615.78/0.9m CL equals 0.5m
TW, VG
and 93.0 93.3 957.61/0.3m CL equals 0.3m
TW, VG, Tell
and 93.3 93.7 6,600.06/0.4m CL equals
0.4m TW, VG
and 93.7 94.3 144.34/0.6m CL equals 0.5m
TW
----------------------------------------------------------------------------
53-1218 New South 81.4 82.9 -49 312 67.89/1.5m CL equals 1.5m
TW
Incl. 82.2 82.9 124.46/0.7m CL equals 0.7m
TW, VG
----------------------------------------------------------------------------
53-1223 New South 92.2 95.1 -58 007 111.43/2.9m CL equals 2.3m
TW, Uncut
77.14/2.9m CL equals 2.3m
TW, Cut(ii)
Incl. 92.2 92.6 497.83/0.4m CL equals 0.3m
TW, VG
and 93.8 94.2 104.92/0.4m CL equals 0.4m
TW
and 94.7 95.1 152.92/0.4m CL equals 0.3m
TW, VG
----------------------------------------------------------------------------
53-1278 New South 93.2 96.4 -57 339 67.20/3.2m CL equals 3.3m
TW, Uncut
50.06/3.2m CL equals 3.3m
TW, Cut(ii)
Incl. 93.2 93.7 354.52/0.5m CL equals 0.5m
TW, VG
----------------------------------------------------------------------------
50-1065AW1 New South 764.2 771.5 -16 109 22.63/7.3m CL equals 2.9m
TW
Incl. 766.4 766.7 152.57/0.3m CL equals 0.1m
TW, VG, Tell
and 770.9 771.5 156.34/0.6m CL equals 0.2m
TW
Footwall 780.2 782.6 900.00/2.4m CL equals 0.9m
TW, Uncut
99.42/2.4m CL equals 0.9m
TW, Cut(i)
Incl. 780.9 781.3 1,003.89/9.4m CL equals
0.4' TW, VG
and 781.6 782.0 3,255.80/0.4m CL equals
0.2m TW, Tell
and 782.0 782.3 334.97/0.3m CL equals 0.1m
TW, VG
and 782.3 782.6 685.38/0.3m CL equals 0.1m
TW, VG, Tell
----------------------------------------------------------------------------
53-1220 HW 94.1 95.3 -30 332 54.17/1.2m CL equals ?? TW
New South 107.9 110.2 17.83/2.3m CL equals 1.0m
TW
New 209.1 209.9 2,521.74/0.8m CL equals
0.8m TW, Tell
----------------------------------------------------------------------------
53-1214 New South 80.5 84.3 -47 271 16.46/3.8m CL equals 3.7m
TW
Incl. 80.5 81.0 67.54/0.5m CL equals 0.5m
TW
Footwall 154.7 155.1 82.29/0.4m CL equals ?? TW
----------------------------------------------------------------------------
53-1215 HW 83.2 85.0 -29 289 70.29/1.8m CL equals 1.6m
TW, Uncut
50.40/1.8m equals 1.6m TW,
Cut(i)
Incl. 84.7 85.0 229.03/0.3m CL equals 0.3m
TW, VG
New South 93.1 97.8 2.40/4.7m CL
----------------------------------------------------------------------------
53-1216 New South 141.0 144.5 -13 298 49.38/3.5m CL equals 1.6m
TW
Incl. 142.0 142.6 117.26/0.6m CL equals 0.2m
TW
----------------------------------------------------------------------------
53-1217 HW 85.9 86.6 -23 303 20.23/0.7m CL equals 0.6m
TW
New South 109.0 113.4 0.69/4.4m CL
----------------------------------------------------------------------------
53-1219 New South 108.5 109.1 -21 322 480.00/0.6m CL equals 0.4m
TW, Uncut
246.86/0.6m CL equals 0.4m
TW, Cut(ii)
----------------------------------------------------------------------------
53-1221 New South 101.8 104.0 -41 339 4.46/2.2m CL
----------------------------------------------------------------------------
53-1222 New South 109.2 113.3 -40 358 13.37/4.1m CL equals 3.4m
TW
Incl. 109.2 109.8 79.20/0.6m CL equals 0.5m
TW, VG, Tell
----------------------------------------------------------------------------
50-1065AW New HW 636.2 638.1 -16 109 19.88/1.9m CL equals ?? TW
New South 786.1 788.5 13.71/2.4m CL equals 0.9m
TW
Footwall 802.4 802.7 53.49/0.3m CL equals 0.2m
TW, VG
----------------------------------------------------------------------------
53-1272 New South 122.9 123.8 -21 271 31.20/0.9m CL equals 0.6m
TW, VG
----------------------------------------------------------------------------
53-1273 New HW 92.8 93.1 -20 289 21.23/0.3m CL equals 0.2m
TW
New South 122.9 123.4 3.43/0.5m CL
----------------------------------------------------------------------------
53-1274 New South 81.0 83.4 -58 289 1.37/2.4m CL
----------------------------------------------------------------------------
53-1275 New South 157.2 160.1 -7 312 161.49/2.9m CL equals 1.4m
TW, Uncut
92.57/2.9m CL equals 1.4m
TW, Cut(ii)
Incl. 157.2 157.7 194.40/0.5m CL equals 0.2m
TW
and 159.6 160.1 679.55/0.5m CL equals 0.2m
TW, VG, Tell
----------------------------------------------------------------------------
53-1276 New South 131.8 134.7 -13 312 116.23/2.9m CL equals 1.6m
TW, Uncut
112.46/2.9m CL equals 1.6m
TW, Cut(ii)
Incl. 131.8 132.6 261.94/0.8m CL equals 0.4m
TW, VG
and 134.1 134.7 218.06/0.6m CL equals 0.3m
TW, VG, Tell
New Footwall 142.5 142.8 1,295.67/0.3m CL equals ??
TW, VG, Tell
----------------------------------------------------------------------------
53-1277 New South 141.6 153.7 -16 339 30.86/12.1m CL equals 8.0m
TW, Uncut
21.60/12.1m CL equals 8.0m
TW, Cut(ii)
Incl. 142.0 142.5 502.29/0.5m CL equals 0.3m
TW, VG
and 153.2 153.7 156.00/0.5m CL equals 0.3m
TW, VG
New Footwall 201.5 202.8 25.71/1.3m CL equals ?? TW
----------------------------------------------------------------------------

TW equals True Width, CL equals Core Length, VG equals Visible Gold, Tell
equals Tellurides, (i) CUT equals cut to 120.0 grams/tonne, (ii) CUT equals
cut to 247 grams/tonne, ?? TW equals Unknown True Width


About the Company

The Company purchased the Macassa Mine and the 1,500 ton per day mill along with four former producing gold properties - Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves - in December 2001. These properties, which have historically produced some 22 million ounces of gold, extend over seven kilometres between the Macassa Mine on the west and Wright Hargreaves on the east and, for the first time, are being developed and explored under one owner. This camp is located in the Abitibi Southern Greenstone Belt of Kirkland Lake, Ontario, Canada.

The results of the Company's underground diamond drilling program have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff (which includes a 'qualified person', Stewart Carmichael, P.Geo., the Company's Chief Exploration Geologist, for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators). Mr. Carmichael also supervised the preparation of the information that forms the basis of the technical disclosure in this release.

The Company has implemented a quality assurance and control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with the best possible practices. The drill core is sawn in half with one half of the core samples shipped to the Swastika Laboratories in Swastika, Ontario, Polymet Resources Inc. in Cobalt, Ontario. The other half of the core is retained for future assay verification. Other QA/QC includes the insertion of blanks, and the regular re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples and additional checks may be run on anomalous values.

The Company's Macassa Mine Property is the subject of reserve reports prepared by Glenn R. Clark, P.Eng. entitled:

- Review of Resources and Reserves of the New South Mine Complex, Macassa Mine, Kirkland Lake, Ontario dated August 25, 2007.

- Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario dated July 15, 2008.

Both of these technical reports have been filed on SEDAR (www.sedar.com).

Cautionary Note Regarding Forward Looking Statements

This Press Release may contain statements which constitute 'forward-looking, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's Annual Information Form and quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.

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