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Kirkland Lake Gold Project, Ontario Overview | Highlights | 2011 Program | Objective | Background | Setting | Assets | Production and Resource Tables Project Overview
2008-10 Highlights
The Company is advancing four of its 100% owned gold projects in the eastern portion of the camp located in Gauthier and Lebel Townships towards production. The goal is to outline a collective mineral resource of 6 million ounces of gold at the Upper Beaver, McBean-Anoki, Lebel and Upper Canada projects to feed a central milling facility to be constructed on the Upper Canada mine site. All four projects are within 6 km of the planned mill facility and all are accessible by an existing road network. In addition to the production preparation scenario, in 2011 exploration continues to be a prime focus of the Company both to enlarge our existing deposits as well as targeting new discoveries. The Company will also continue the underground, advanced exploration on the South Claims, AK and HM JV properties with Kirkland Lake Gold at the new South Mine Complex where we could begin to see production within the next two years. 
Kirkland Lake is one of the most prolific gold camps in North America. This mining and lumbering community of approximately 10,000 people is located 500 km north of Toronto and is assessable year round by paved highways and roads. Gold was first discovered in 1906, in Swastika and Larder Lake, the first gold in the camp was produced at the Swastika mine in 1910. Production was continuous for 90 years, until 2000 when the Macassa Mine was closed. In 2002, Kirkland Lake Gold Inc. re-opened the Macassa Mine where they are producing gold at a rate of 100,000 oz/year and is forecast to increase to 200,000 oz during 2011. From 1910 to 1999 the camp produced 37.3 million oz. of gold from 25 mines and collectively mined 100 million tonnes at a recovered grade of 12.74 g/t. The camp ranks second in Canada, next only to Timmins, with respect to total ounces of gold produced. Key Gold Camps in District 
 
The Kirkland Lake gold camp is located in the south central portion of the Abitibi greenstone belt and extends east-west along a regional gold structure (the Larder Lake Break) for 50 km across five townships (Teck, Lebel, Gauthier, McVittie and McGarry). The Kirkland Lake gold camp is a five-kilometer corridor around the Larder Lake Break. This major regional structure is a Tisdale assemblage (also known locally as the Larder Lake Group) mafic to ultramafic rocks justaposed against much younger alkalic volcanic and sedimentary rocks of the Timiskaming assemblage. The Kinojevis (Blake River) package of mafic volcanics in association with an isolated package of Upper Tisdale felsic volcanic rocks, known locally as the Gauthier Group lies north of the Timiskaming assemblage.  The majority of the gold mines in the camp are located on or near the Larder Lake Break or on subsidiary splays and shears. One characteristic of the gold bearing structures in the camp is their lateral and vertical extent, at the Lakeshore mine, operations extended to 2.3 km with ore intersections to 3 km and at the Upper Canada mine ore was mined to a depth of 1.8 km. There are three major ore types in the Kirkland Lake camp. In terms of importance these include “break/vein/breccia type” associated to fault and shear zones in Timiskaming rocks, “flow ore type” associated to altered mafic Fe-tholeiitic flow rocks and “green carbonate ore” associated to altered and deformed ultramafic komatiitic flow rocks.
With a combination of approximately 1,842 patented, leased and unpatented mineral claims (22,000 ha) comprising 35 properties the Company controls the single largest, land package ever assembled in this historic camp covering 30 km along the Larder Lake – Cadillac Break. On 25 properties (1,663 claim units) the Company owns a 100% interest and on 10 others (179 claim units) holds joint venture interests.  On the combined property four mines (Sylvanite, Upper Canada, McBean and Upper Beaver) have produced 3.4 million ounces of gold and there exists 8 gold deposits (Upper Beaver, Upper Canada, McBean- Anoki, Bidgood, AK, South Claims and 180 East) with combined current resources (NI 43-101 compliant) measured + indicated resources of 6,510,000 t averaging 5.3 g/t (1,109,200 oz.) and current inferred resources of 9,606,000 t grading 5.1 g/t (1,568,500 oz). The historic measured + indicated resources are 2,226,560 t grading 6.5 g/t (465,000 oz.) and historic inferred resources of 3,980,338 t grading 4. g/t (603,000 oz.). In addition to the deposits there are 50 gold showings on the property, 14 shafts with underground workings, an exploration office and a tailings impoundment facility.
Historic Mineral Resources (Non-Compliant NI 43-101)
2 Cyprus/Queenston: 1995/1997 3 Inco/RPA: 1989/1996 4 Hubacheck Consultants: 1996 Current Mineral Resources (NI 43-101 Compliant)
In this table copper has been converted to a gold equivalent using $1050 /oz for Au and $3.00/lb for Cu 1 Watts, Griffis and McOuat Limited: 2008, 2011 2 P&E Mining Consultants: 2009 3 Clarke & Associates Ltd.: 2009, 2010 4 P&E Mining Consultants: 2011 5 Dave Gamble Consultant 2011 6P&E Mining Consultants 2011
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