Kirkland Lake Gold Kirkland Lake Gold Provides Update on Reserves and Resources, With an Increase in Reserve Ounces and Grade

 
TIDMKGI 
 
Kirkland Lake Gold Provides Update on Reserves and Resources, With an Increase in Reserve Ounces and Grade 
FOR:  KIRKLAND LAKE GOLD INC. 
 
TSX, AIM SYMBOL:  KGI 
 
April 13, 2015 
 
Kirkland Lake Gold Provides Update on Reserves and Resources, With an Increase in Reserve Ounces and Grade 
 
TORONTO, ONTARIO--(Marketwired - April 13, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the 
"Company") (TSX:KGI) (AIM:KGI), an operating and exploration gold mining company, provides an update on its 
mineral reserve and resource estimates (as at December 31, 2014) for its wholly owned properties located in 
Kirkland Lake, Ontario. These include the Macassa Mine Complex (which includes the '04, Main Break and the 
South Mine Complex ('SMC"), and the Property Wide targets which also includes various exploration programs on 
the Company's land package. 
 
Highlights: 
 
 
 
=-  Increased the Macassa Mine Complex reserve base by 5.6% and realized an 
    increase in overall reserve grade to 0.56 ounce per ton ("opt") or 19.2 
    grams per tonne ("g/t"). 
=-  Increased SMC reserve base by 16.7% and realized an increase in overall 
    reserve grade to 0.65 opt or 22.3 g/t. 
=-  Increased Property Wide inferred resources by 3.9%. 
 
 
 
Mr. George Ogilvie, Chief Executive Officer commented, "Our goal last year was to ensure that we were able to 
replace what was mined. We are happy to report that on top of replacing depleted reserves, we have added to the 
overall reserve base and, in addition, saw an increase in the reserve grade with no adjustments to gold price 
assumptions or cut-off grades." 
 
"We are very excited to continue our exploration efforts and will start considering regional exploration 
targets as well. We believe very strongly in the robustness of this camp, and the possibilities of finding new 
discoveries within our land position. Our exploration team have done an excellent job and we are looking 
forward to continued success." 
 
2014 Exploration Program 
 
During 2014, the Company concentrated its exploration efforts on expanding the SMC onto the properties 
previously held under a joint venture with Queenston Mining Inc., referred to as the "South Claims", and 
conducted surface exploration targeting near surface mineralization. In calendar 2014, the Company completed 
47,000 feet (14,326 m) of underground exploration drilling and 140,000 feet (42,672 m) of surface exploration 
drilling. An additional 101,000 feet (30,785 m) of underground production drilling was also completed during 
this period. 
 
Underground Targets 
 
Underground exploration drilling in 2014 concentrated on expanding SMC resources onto the South Claims. Over 
the past year, indicated resources on the South Claims increased by 35.0% to 374,000 ounces consisting of 
384,000 tons at an average grade of 0.97 opt or 33.3 g/t, and increased inferred resources by 19.0% to 394,000 
ounces consisting of 540,000 tons at an average grade of 0.73 opt or 25.0 g/t. In addition, the Company has now 
identified 49,000 ounces of probable reserves associated with the South Claims (40,000 tons at an average grade 
of 1.23 opt or 42.2 g/t). 
 
Underground exploration will continue to focus on further expanding and converting inferred resources to the 
measured and indicated resource categories on the South Claims from the 5300 level exploration drift. 
 
Surface Targets 
 
Surface exploration concentrated on closer spaced definition drilling of near surface resources, referred to as 
the "Near Surface" target, on the Amalgamated Break Trend. Current resources include an indicated resource of 
330,000 tons at grade of 0.34 opt or 11.7 g/t, for 112,000 ounces; an increase of 9,000 ounces or 8.7% over the 
previous year. Inferred resource decreased by 6,000 ounces or 12.5% over the previous year to 42,000 ounces 
(99,000 tons at an average grade of 0.42 opt or 14.4 g/t). 
 
During 2014, the Company focused on an aggressive definition program on the Near Surface target utilizing up to 
two (2) drill rigs to tighten up the spacing of drill hole intercepts on the current resource to 50 feet (down 
from the 200 and 100 foot drill spacing of the initial exploration phase). This drill program has better 
defined the initial resource areas within the Amalgamated Break Trend. To date, the Company has explored only 
40% or 6,000 feet of an estimated 14,000 feet of exposure along strike of the Amalgamated Break Trend within 
the current property boundary. Continued testing of this zone will aim to expand the overall size of the 
resource along strike to the east and west. 
 
Exploration Plans for Fiscal 2016 
 
Reserve and resource calculations are based on a calendar year end of December 31, 2014, while the budget is 
based on the fiscal year of May 1, 2015 to April 30, 2016. The Company is currently finalizing its fiscal 2016 
budgets, however the Company envisions that, the exploration plans for fiscal 2016 will include a base 
exploration budget of C$1.9 million in underground exploration (approximately 58,000 feet of drilling) 
utilizing two rigs; and C$3.2 million on surface exploration (approximately 144,000 feet of drilling) utilizing 
two rigs. 
 
Surface exploration will continue to test the Near Surface mineralization along the Amalgamated Trend. 
Underground exploration will continue to test the eastward extension and down dip component of the SMC. In the 
coming twelve months, the Company will assess a regional exploration program and will deploy capital if and 
when deemed appropriate. 
 
RESERVES AND RESOURCES ESTIMATES 
 
Changes in Reserve and Resource estimates (December 31, 2013 to December 31, 2014) 
 
 
 
=-  During the 12 month period of January 1, 2014 to December 31, 2014, 
    101,835 ounces were mined from the SMC, and a total of 42,988 ounces 
    were mined from the `04 Break. 
 
=-  As at December 31, 2014, the Company replaced the mined reserves and 
    increased the Macassa Mine Complex reserve base by 5.6% to 1.5 million 
    ounces, net of depletion (2.6 million tons at an average grade of 0.56 
    opt or 19.2 g/t). 
 
=-  Reserves in the SMC increased by 16.7% to 0.9 million ounces, net of 
    depletion (1.5 million tons at an average grade of 0.65 opt or 22.3 
    g/t). 
 
=-  The cutoff grade and gold price for the calculation of reserves remained 
    at 0.22 opt (7.8 g/t) and US$1,200 per ounce, respectively. However, the 
    average reserve grade (for proven and probable reserves) increased from 
    0.50 opt (17.1 g/t) to 0.56 opt (19.2 g/t). This resulted from the 
    conversion of higher grade indicated resources on the 5700 level in the 
    SMC to the probable reserve category (an increase of 20% in grade from 
    0.54 opt to 0.65 opt in the SMC). 
 
=-  The Property Wide resources in the measured and indicated categories 
    decreased by 0.4% or 8,000 ounces, of which the SMC saw a decrease of 
    7.8% or 83,000 ounces as a portion of these resources were moved to the 
    probable reserve category. The Property Wide inferred resources 
    increased by 3.9% or 44,000 ounces. 
 
=-  Resources associated with the South Claims (underground resources only) 
    are included as part of the SMC resources. The indicated resources on 
    the South Claims increased by 35% to 374,000 ounces (384,000 tons at an 
    average grade of 0.97 opt or 33.3 g/t), with overall measured and 
    indicated resources in the SMC at 929,000 ounces (1,410,000 tons at an 
    average grade of 0.66 opt or 22.6 g/t). 
 
=-  Inferred resources on the SMC increased by 6.3% to 876,000 ounces 
    (1,358,000 tons at an average grade of 0.65 opt or 22.3 g/t), as a 
    result of the increase in resources on the South Claims (underground 
    resources only) which now contain 394,000 ounces (540,000 tons at an 
    average grade of 0.73 opt or 25.0 g/t). 
 
=-  The Property Wide resources underground have a cutoff grade of 0.18 opt. 
 
 
 
The following reserve and resource tables are as at December 31, 2014. Resources are exclusive of reserves. 
 
 
 
                              MINERAL RESERVES 
 
                                     Proven 
                ------------------------------------------------------------ 
MACASSA MINE 
 COMPLEX                Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                891        0.46         808        15.8         412 
 
31-Dec-13                941        0.43         854        14.7         401 
=--------------------------------------------------------------------------- 
 
                              MINERAL RESERVES 
 
                                          Probable 
                ------------------------------------------------------------ 
MACASSA MINE 
 COMPLEX                Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,703        0.62       1,545        21.3       1,051 
 
31-Dec-13              1,843        0.53       1,672        18.2         984 
=--------------------------------------------------------------------------- 
 
                              MINERAL RESERVES 
 
                                      Proven & Probable 
                ------------------------------------------------------------ 
MACASSA MINE 
 COMPLEX              Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            2,595      0.56     2,354      19.2     1,463 
                                                                        5.6% 
31-Dec-13            2,784      0.50     2,526      17.1     1,385 
=--------------------------------------------------------------------------- 
 
                                     Proven 
                ------------------------------------------------------------ 
'04 & MAIN BREAK        Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                545        0.43         494        14.7         236 
 
31-Dec-13                614        0.41         557        14.1         254 
=--------------------------------------------------------------------------- 
 
 
                                          Probable 
                ------------------------------------------------------------ 
'04 & MAIN BREAK        Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                583        0.48         529        16.5         278 
 
31-Dec-13                679        0.47         616        16.1         318 
=--------------------------------------------------------------------------- 
 
 
                                      Proven & Probable 
                ------------------------------------------------------------ 
'04 & MAIN BREAK      Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            1,128      0.46     1,023      15.8       514 
                                                                      -10.1% 
31-Dec-13            1,292      0.44     1,172      15.1       572 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                     Proven 
                ------------------------------------------------------------ 
 
SMC (includes 
 the South 
 Claims 
 underground)           Tons                  Tonnes                      Au 
 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                346        0.51         314        17.5         177 
 
31-Dec-13                328        0.45         298        15.4         147 
=--------------------------------------------------------------------------- 
 
 
 
=--------------------------------------------------------------------------- 
                                          Probable 
                ------------------------------------------------------------ 
 
SMC (includes 
 the South 
 Claims 
 underground)           Tons                  Tonnes                      Au 
 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,120        0.69       1,016        23.7         773 
 
31-Dec-13              1,164        0.57       1,056        19.5         665 
=--------------------------------------------------------------------------- 
 
 
 
=--------------------------------------------------------------------------- 
                                      Proven & Probable 
                ------------------------------------------------------------ 
 
SMC (includes 
 the South 
 Claims 
 underground)         Tons              Tonnes                  Au       YoY 
 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            1,467      0.65     1,331      22.3       949 
                                                                       16.7% 
31-Dec-13            1,492      0.54     1,356      18.5       813 
=--------------------------------------------------------------------------- 
 
 
                              MINERAL RESOURCES 
=--------------------------------------------------------------------------- 
                                          Measured 
                ------------------------------------------------------------ 
PROPERTY WIDE           Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,106        0.40       1,003        13.7         447 
 
31-Dec-13              1,133        0.39       1,028        13.4         436 
=--------------------------------------------------------------------------- 
 
 
                              MINERAL RESOURCES 
=--------------------------------------------------------------------------- 
                                          Indicated 
                ------------------------------------------------------------ 
PROPERTY WIDE           Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              3,096        0.52       2,809        17.8       1,599 
 
31-Dec-13              3,019        0.54       2,739        18.5       1,619 
=--------------------------------------------------------------------------- 
 
 
                              MINERAL RESOURCES 
=--------------------------------------------------------------------------- 
                                    Measured & Indicated 
                ------------------------------------------------------------ 
PROPERTY WIDE         Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            4,202      0.49     3,812      16.8     2,047 
                                                                       -0.4% 
31-Dec-13             4152      0.49     3,767      16.8     2,055 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                          Measured 
                ------------------------------------------------------------ 
'04 & Main Break        Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,063        0.40         964        13.7         430 
 
31-Dec-13              1,070        0.39         971        13.4         416 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                          Indicated 
                ------------------------------------------------------------ 
'04 & Main Break        Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,148        0.42       1,041        14.4         483 
 
31-Dec-13              1,049        0.39         952        13.4         410 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                    Measured & Indicated 
                ------------------------------------------------------------ 
'04 & Main Break      Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            2,211      0.41     2,006      14.1       913 
                                                                       10.5% 
31-Dec-13            2,119      0.39     1,922      13.4       826 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                          Measured 
                ------------------------------------------------------------ 
SMC (includes 
 the South 
 Claims 
 underground)           Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                 33        0.37          30        12.7          12 
 
31-Dec-13                 24        0.30          22        10.3           7 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                          Indicated 
                ------------------------------------------------------------ 
SMC (includes 
 the South 
 Claims 
 underground)           Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14              1,377        0.67       1,249        23.0         917 
 
31-Dec-13              1,440        0.70       1,306        24.0       1,005 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                    Measured & Indicated 
                ------------------------------------------------------------ 
SMC (includes 
 the South 
 Claims 
 underground)         Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14            1,410      0.66     1,279      22.6       929 
                                                                       -8.2% 
31-Dec-13            1,465      0.69     1,329      23.7     1,012 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                          Measured 
                ------------------------------------------------------------ 
NEAR SURFACE 
 TARGET(includes 
 the Amalgamated 
 Break Trend, 
 ABM and the 
 South Claims 
 near surface)          Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                  -           -           -           -           - 
 
31-Dec-13                  -           -           -           -           - 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                          Indicated 
                ------------------------------------------------------------ 
NEAR SURFACE 
 TARGET(includes 
 the Amalgamated 
 Break Trend, 
 ABM and the 
 South Claims 
 near surface)          Tons                  Tonnes                      Au 
                     (000's)         opt     (000's)         g/t     (000's) 
=--------------------------------------------------------------------------- 
31-Dec-14                330        0.34         299        11.7         112 
 
31-Dec-13                310        0.34         281        11.7         104 
=--------------------------------------------------------------------------- 
 
 
=--------------------------------------------------------------------------- 
                                    Measured & 
                                     Indicated 
                ------------------------------------------------------------ 
NEAR SURFACE 
 TARGET(includes 
 the Amalgamated 
 Break Trend, 
 ABM and the 
 South Claims 
 near surface)        Tons              Tonnes                  Au       YoY 
                   (000's)       opt   (000's)       g/t   (000's)    Change 
=--------------------------------------------------------------------------- 
31-Dec-14              330      0.34       299      11.7       112 
                                                                        7.7% 
31-Dec-13              310      0.34       281      11.7       104 
=--------------------------------------------------------------------------- 
 
                           MINERAL RESOURCES 
 
=--------------------------------------------------------------------------- 
                                            Inferred 
                            ------------------------------------------------ 
Property Wide                   Tons          Tonnes              Au     YoY 
                             (000's)     opt (000's)     g/t (000's)  Change 
=--------------------------------------------------------------------------- 
31-Dec-14                      2,114    0.56   1,918    19.2   1,177 
                                                                        3.9% 
31-Dec-13                      2,092    0.54   1,898    18.5   1,133 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                            Inferred 
                            ------------------------------------------------ 
'04 & Main Break                Tons          Tonnes              Au     YoY 
                             (000's)     opt (000's)     g/t (000's)  Change 
=--------------------------------------------------------------------------- 
31-Dec-14                        485    0.41     440    14.1     201 
                                                                        5.8% 
31-Dec-13                        572    0.33     519    11.3     190 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                            Inferred 
                            ------------------------------------------------ 
                                Tons          Tonnes              Au     YoY 
SMC (inclues the South 
 Claims underground)         (000's)     opt (000's)     g/t (000's)  Change 
=--------------------------------------------------------------------------- 
31-Dec-14                      1,358    0.65   1,232    22.3     876 
                                                                        6.3% 
31-Dec-13                      1,205    0.67   1,093      23     824 
=--------------------------------------------------------------------------- 
 
=--------------------------------------------------------------------------- 
                                            Inferred 
                            ------------------------------------------------ 
Near Surface Target 
 (includes the Amalgamated 
 Break Trend, ABM and South 
 Claims near surface)           Tons          Tonnes              Au     YoY 
                             (000's)     opt (000's)     g/t (000's)  Change 
=--------------------------------------------------------------------------- 
31-Dec-14                        100    0.42      91    14.4      42 
                                                                      -12.5% 
31-Dec-13                        131    0.36     119    12.3      48 
=--------------------------------------------------------------------------- 
 
 
 
Notes: Columns may not add due to rounding. Macassa Mine Complex reserves include the '04 & Main Break and the 
SMC. Property Wide resources include the '04 & Main Break, SMC, Near Surface Target, as well as peripheral 
resources blocks (such as the Lakeshore Ramp). 
 
The above reserve and resource estimates have been audited and verified, and the technical disclosure in this 
press release has been approved, by the Company's independent reserve and resource engineer, Glenn R. Clark, P. 
Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a 'qualified person' under National Instrument 43- 
101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report 
detailing the December 31, 2014, reserve and resource estimates will be filed on SEDAR (www.sedar.com) within 
45 days of this press release. See 'Notes for Reserves and Resources' below for key assumptions, parameters and 
methods used to estimate the foregoing reserves and resources. 
 
 Notes for Reserves and Resources: 
 
 
 
1.  The reserves and resources have been classified according to the 
    Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards 
    on Mineral Resources and Reserves: Definition and Guidelines (December 
    2005). 
2.  The reserves and resources are estimated using the polygonal method. 
3.  Resources do not include reserves. 
4.  All intersections are calculated to a 6.0 foot minimum horizontal mining 
    width for structures dipping at greater than 45 degrees. The minimum 
    mining height for structures dipping less than 45 degrees is 9.0 feet. 
5.  Dilution is added to reserves at varying rates depending on the mining 
    method, and the width of the ore. The average dilution of the reserves 
    at December 31, 2014, is 27% at 0.02 opt, marginally up from an average 
    of 24.0% the previous year. Long-hole stopes are diluted by anywhere 
    between 50-100% (mostly 50%). Cut and fill stopes are diluted by 
    anywhere between 10-50%. 
6.  All higher grades are cut to 3.50 opt. Based on a statistical analysis 
    completed by Scott Wilson Roscoe Postle Associates Inc. in 2007, the 
    Company has implemented various higher grade cutting factors for four 
    zones in the South Mine Complex. These four zones are the New South Zone 
    (7.20 opt), Lower D North (9.30 opt), Lower D North Footwall (4.80 opt), 
    and the #7 and #7 HW Zones (6.40 opt). Cut-off grades of 0.22 opt and 
    0.18 opt are used for reserve and resource calculations respectively, 
    depending on the location, and economics of the block. Generally, a cut- 
    off of 0.22 opt is required on a whole-block basis to achieve 
    profitability and reserve classification. It is possible to have sub- 
    blocks within an ore reserve block that assay less than any cut-off 
    which have been incorporated for mining or geotechnical reasons. Ore 
    blocks that grade between 0.18 opt and the cut-off of 0.22 opt have been 
    classified as resource. The cut-off grade for near-surface resources 
    (surface to -1,000 foot elevation) is 0.12 opt. An internal report 
    completed by Roscoe Postle and Associates in October 2014, suggest that 
    the cutting factor for mineralization on the Amalgamated Trend be set at 
    2.50 opt. This grade capping was implemented by the Company and 
    incorporated in the estimates for 2014. 
7.  The area of influence of the proven and measured categories are 30 feet 
    from development chip samples, probable and indicated categories are 50 
    feet of radius from a known sample point (drill holes) and inferred is 
    another 50 feet of influence (between 50 - 100 feet). 
8.  A 94.2% tonnage recovery is used. Continuity of the veins appears very 
    good. 
9.  The assumptions used include CAD$1,350.00 (US$1,200) per ounce of gold. 
10. The Company is not aware of any environmental, permitting, legal, title, 
    taxation, socio-political, marketing or other issue that may materially 
    affect its estimate of mineral resources. 
11. Mineral resources which are not mineral reserves do not have 
    demonstrated economic viability. 
 
 
 
About the Company 
 
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining 
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other 
safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and 
free cash flow with a view to maximising value for the shareholders. The Company will also look to take 
advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time, 
the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a 
property wide reserve and resource base sufficient to sustain a mine life of more than ten years. 
 
Over the last several years the Company has invested significant capital to improve the infrastructure of the 
business including upgrading the production hoist, skips, mill, underground mobile equipment and capital 
development. From initial discovery to present day there have been over 24 million ounces of gold mined from 
the Kirkland Lake gold camp while the current reserve and resource provides for potentially 14 years of mining 
with significant exploration upside. 
 
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed or accepts 
responsibility for the adequacy or accuracy of this news release. 
 
Cautionary Note Regarding Forward Looking Statements 
 
This Press Release contains statements which constitute "forward-looking statements", including statements 
regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future 
business activities and operating performance of the Company. The words "may", "would", "could", "should", 
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate 
to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward- 
looking statements are based on the opinions, assumptions and estimates of management considered reasonable at 
the date the statements are made such as, without limitation, opinion, assumptions and estimates of management 
regarding the Company's business, including but not limited to; the exploration program and budget for fiscal 
2016, and commencement of a regional exploration program, as well as any future exploration discoveries on the 
Company's land position. Such opinions, assumptions and estimates, are inherently subject to a variety of risks 
and uncertainties and other known and unknown factors that could cause actual events or results to differ 
materially from those projected in the forward-looking statements. 
These factors include the Company's expectations in connection with the projects and exploration programs being 
met, the impact of general business and economic conditions, global liquidity and credit availability on the 
timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating 
gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), possible 
variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's corporate 
mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in 
project development, construction, production and commissioning time frames, risks related to joint venture 
operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for 
fuel, power, labour and other consumables contributing to higher costs and general risks of the mining 
industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, 
seasonality and unanticipated weather changes, costs and timing of the development of new deposits, success of 
exploration activities, permitting time lines, government regulation of mining operations, environmental risks, 
unanticipated reclamation expenses, title disputes or claims, and limitations on insurance, as well as those 
risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual 
Information Form for the year ended April 30, 2014 and the Company's Management's Discussion and Analysis for 
the interim period ended January 31, 2015, filed with the securities regulatory authorities in certain 
provinces of Canada and available 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 to be as anticipated, estimated or intended. The Company does not intend, and does not 
assume any obligation, to update these forward-looking statements except as otherwise required by applicable 
law. 
 
Glossary of Terms 
 
National Instrument 43-101 Definitions of Resources and Reserves 
 
The Reserve and Resource estimation classifications as prescribed in National Instrument 43-101 are given here 
for clarity. 
 
Mineral Resource 
 
Mineral Resources are sub-divided into 3 categories depending on the geological confidence. The highest level 
with the most confidence is the `Measured' category. The next level of confidence is the `Indicated' category 
and the lowest level, or the resource with the least confidence, is the `Inferred' category. 
 
Inferred Mineral Resource 
 
An `Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can 
be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, 
geological and grade continuity. The estimate is based on limited information and sampling, gathered through 
appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. 
 
Indicated Mineral Resource 
 
An `Indicated Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, 
densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow 
the appropriate application of technical and economic parameters, to support mine planning and evaluation of 
the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing 
information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings 
and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. 
 
Measured Mineral Resource 
 
A `Measured Mineral Resource' is that part of a Mineral resource for which quantity, grade or quality, 
densities, shape and physical characteristics are so well established that they can be estimated with 
confidence sufficient to allow the appropriate application of technical and economic parameters, to support 
production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed 
and reliable exploration, sampling and testing information gathered through appropriate techniques from 
locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm 
both geological and grade continuity. 
 
Mineral Reserve 
 
Mineral Reserves are sub-divided into 2 categories. The highest level of Reserves or the level with the most 
confidence is the `Proven' category and the lower level of confidence of the Reserves is the `Probable' 
category. Reserves are distinguished from resources as all of the technical and economic parameters have been 
applied and the estimated grade and tonnage of the resources should closely approximate the actual results of 
mining. The guidelines state "Minerals Reserves are inclusive of the diluting material that will be mined in 
conjunction with the Mineral Reserve and delivered to the treatment plant or equivalent facility." The 
guidelines also state that, "The term `Mineral Reserve' need not necessarily signify that extraction facilities 
are in place or operative or that all government approvals have been received. It does signify that there are 
reasonable expectations of such approvals." 
 
Probable Mineral Reserve 
 
A `Probable Mineral Reserve' is the economically mineable part of an Indicated and in some circumstances a 
Measured Mineral Resource demonstrated by a least a Preliminary Feasibility Study. This study must include 
adequate information on mining, processing, metallurgical, economic, and other relevant factors that 
demonstrate, at the time of reporting, that economic extraction can be justified. 
 
Proven Mineral Reserve 
 
A `Proven Mineral Reserve' is the economically mineable part of a Measured Mineral Resource demonstrated by at 
least a Preliminary Feasibility Study. This study must include adequate information on mining, processing, 
metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic 
extraction is justified. 
 
For a more detailed list of technical terms, please review the Company's Annual Information Form which can be 
found on the corporate website at www.klgold.com. 
 
Macassa Mine Complex - Calculation Method: 
 
Basic Information 
 
All of the assay data is plotted on plans and sections to be used for zone interpretations. 
 
The ore reserves are calculated on 20 scale (imperial measurements) longitudinal sections or plan views in the 
case of veins dipping less than 45 degrees. Some calculations are done on 10 scale longitudinal using a 
modified polygon method of blocking. 
 
Each stope and resource area has a section or plan and a work sheet that is kept on file. 
 
The calculated grade, zone width, area of influence and resource or reserve category for each data set (ie. 
Drill hole or chip sample assays) is entered into a spread sheet. For reserves the expected dilution based on 
the assumed mining method is included. A separate page for each stope area is maintained. 
 
Minimum Width 
 
The minimum mining width for steep-dipping structures has been increased in 2011 from 5.0 feet to 6.0 feet. 
 
The minimum mining height for flat structures dipping less than 45 degrees has been increased in 2011 from 8.0 
feet to 9.0 feet. 
 
Minimum Strike Length 
 
The minimum strike length for a block is 21 ft (3 sets of chip assays). 
 
Areas of Influence 
 
The radius of influence from a sampled heading is 30 feet for Measured Resource/Proven Reserve (MR/PV) 
 
A MR/PV Block must be exposed by at least one drift and tested between drifts by drilling in a 25 to 30 foot 
pattern. Where continuity is proven with the drilling, the intervening polygons that are based on the 25 to 30 
foot drill pattern may be considered as MR/PV blocks. Drill holes that are only used for MR/PV blocks when the 
block is otherwise very well defined. This only occurs below the 57 level where there is development on all 4 
sides of a massive sheet of continuous ore. 
 
For an Indicated Resource/Proven Reserve (IR/PB) block the radius of influence is an additional 50 feet (30- 
80 feet from the data). This applies to blocks sampled on two sides by workings a maximum of 150 feet apart 
where no drilling exists, or above and below a drift where drill hole spacing is greater than 100 feet. For 
blocks with only drilling a 50 foot radius is used. 
 
Inferred Resource blocks are an additional 50 feet from the IR/PB block (from 80 to 130 ft. from the data). 
This applies to blocks bounded on one side by a MR/PV or IR/PB. Blocks on a proven mineralized trend that are 
drilled on a spacing of greater than 100 feet but less than 200 feet are included as an Inferred Resource. 
 
Raises that have been bored are usually ignored in the calculations. Most of the raises are only 42-60" in 
diameter, and are not representative of the ore width. 
 
Test hole and drift muck data is not used for ore reserve calculations. 
 
Density of Ore 
 
The density or tonnage factor used to convert the volume of the blocks to tons is 11.7 cu ft/ton for all the 
zones except the Lower D. 
 
The Lower D Zone volumes were converted at a density of 11.5 cu ft/ton due to the additional sulphides that are 
present. 
 
The density traditionally used in the camp was 12.0 cu ft/ton. There have been a number of studies that suggest 
that the traditional number was too high and consequently gave an underestimated tonnage. The difference in the 
tonnage estimate is only about 2.5% between the density used in the past and the current density being used. As 
this has been applied to all blocks the changed density does not affect the reserve grades. 
 
In 2007 a total of 95 samples was used to measure the density of the SMC zones. These samples confirmed that 
the density used for the Lower D of 11.5 cu ft/ton was realistic. The other SMC zones varied and it appears 
that the 11.7 cu ft/ton used overall at Macassa is reasonable. The tonnage difference between 11.5 and 11.7 is 
less than 2%. This difference is well within the estimation accuracy of the resources and reserves. 
 
The assays of the samples varied from 0.1 ounces of gold per ton (opt) to 42.6 opt and the densities varied 
from 12.1 cu ft/ton to 10.5 cu ft/ton, however there was no correlation between the grade and the density. 
 
Gold Price 
 
The gold price used for these estimates is CAD $1,350.00, or US$1,200.00. 
 
Cut-Off Grade 
 
 
 
1.  Cut-off grades of both 0.18 opt and 0.22 opt are used for resources and 
    reserve calculations depending on the location and economics of the 
    block. Generally a cut-off of 0.22 opt is required on a whole-block 
    basis to achieve profitability. This cut-off is based on a chosen gold 
    price and the operating cost forecast. For mining or geotechnical 
    reasons some sub-blocks below the cut-off may be included. Blocks that 
    grade between 0.18 and the cut-off of 0.22 opt are classified as 
    resource blocks. The cut-off grade for near-surface resources (surface 
    to -1,000 foot elevation) is 0.12 opt. 
 
 
 
The resources at the #2 Shaft are blocks greater than 0.25 opt. 
 
Capping of Assays 
 
Macassa previously used to use a more complex system for cutting assays. The capping system currently in use, 
is based on a Kinross report by B. Davis (1995). It appears that this simpler single cap method gives much the 
same results as the old system. It is probably not the final answer. As new ore is found in different settings 
the capping procedure may need to be modified. 
 
The effect of grade capping can only be truly examined when a large tonnage has been mined and the recovered 
gold can be compared with forecast for that period. 
 
Grade capping or cutting is necessary at Macassa. The capping practise for the main zones has been used on some 
of the zones in the SMC. Assays higher than 3.50 opt are cut to 3.50 opt. This capping practice appears to be 
reasonable. 
 
Some of the zones in the SMC have increased grades much higher than has been normally found in the main zones. 
This increased grade is also associated with a different style of mineralization. Initial investigation by the 
Company's geological staff indicated that the historic cutting factor of 3.50 opt was understating the grade of 
mineralization for the SMC. 
 
The consulting firm of Scott Wilson Roscoe Postle Associates Inc. (SWRPA) was retained in 2007 to investigate, 
by statistical analysis, 10 of the larger mineralized zones forming part of the SMC. They concluded that there 
were sufficient data points for a statistical analysis of seven of the 10 zones viewed. As a result, the 
Company has implemented various higher grade cutting factors for four of the seven zones. These four zones are 
the New South Zone (7.20 opt ), Lower D North (9.30 opt), Lower D North Footwall (4.80 opt), the #7 and #7 HW 
Zones (6.40 opt). These new capping levels are now being used on both drill hole assays and underground chip 
assays. 
 
These revised cutting factors, based on the mean of the assays in the zone plus one standard deviation, are 
considered to be conservative and are lower than those recommended by SWRPA. Accordingly, the factors may be 
subject to upward revision as more data points are generated. 
 
An internal report completed by Roscoe Postle and Associates in October 2014 suggest that the cutting factor 
for mineralization on the Amalgamated Trend be set at 2.50 opt. This grade capping was implemented by the 
Company and incorporated in the estimates for 2014. 
 
Dilution of Reserves 
 
The dilution applied to the reserves depends on the type of stope that is anticipated for the mining blocks. 
The dilution is added on a stope by stope basis. All dilution is assigned a grade of 0.02 opt. 
 
Dilution has not been added to the resource blocks. 
 
The average dilution included in the Reserves as at December 30, 2014 is 27%. 
 
Long hole stopes are diluted by 50-100%, mostly 50%. 
 
Cut-and-fill stopes are diluted 10-50%. 
 
These dilution factors are based on a comprehensive study by Barrick in 1994 and modified on the recent mining 
experience at Macassa. 
 
Mining Recovery 
 
The recovery of the ore blocks is anticipated at 94.2% of the diluted reserve. 
 
This figure has been applied to all of the reserve blocks but not to the resource blocks. 
 
December 31, 2014, Reserves and Resources: 
 
The resource estimates do not include the reserves. 
 
The reserve estimates are recoverable, diluted and in-situ. 
 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Kirkland Lake Gold Inc. 
George Ogilvie, P.Eng 
Chief Executive Officer 
[phone] 
[phone] (FAX) 
[e-mail] 
 
OR 
 
Kirkland Lake Gold Inc. 
Suzette N. Ramcharan, CPIR 
Director of Investor Relations 
[phone] 
[phone] (FAX) 
[e-mail] 
www.klgold.com 
 
OR 
 
NOMAD: Panmure Gordon (UK) Limited 
Dominic Morley / Adam James 
[phone] 
 
OR 
 
Blytheweigh 
Tim Blythe/Proven Hussain/Megan Ray 
[phone] 
 
 
 
Kirkland Lake Gold Inc.