signature=290c6e3366bfb08cc93085d7fdf78281,Kirkland Lake Gold Ltd.: Form 6-K - Filed by newsfilecorp...

Kirkland Lake Gold Ltd.: Exhibit 99.1 - Filed by newsfilecorp.com

KIRKLAND LAKE GOLD REPORTS WIDE,

HIGH-VALUE GOLD INTERCEPTS AT SWAN ZONE UP TO 200 METRES FROM CURRENT MINERAL

RESERVES

Infill drilling at Swan Zone (Swan)

continues to return intercepts with extremely high grades, substantial widths and visible gold

➢

Key  intercepts:

289 g/t Au over 7.45 m (ETW 6.0 m);

155 g/t Au over 11.9 m (ETW 9.9 m);

423 g/t Au over 3.55 m (ETW 3.2 m);

215 g/t Au over 7.2 m (ETW 5.9m); and

353 g/t Au over 4.0 m (ETW 3.4 m)

High-grade, visible-gold bearing Swan

mineralization intersected 200 m downplunge of current Mineral

Reserves

➢

Key intercept:

83.1 g/t Au over 8.6 m (ETW 6.8 m) 

Significant growth in Swan Mineral Reserves

expected in Fostervilles December 31, 2018 Mineral Reserve and Mineral Resource estimates.

Abbreviations include: g/t Au: grams

per tonne gold; m: metres; ETW: estimated true widths

Toronto, Ontario September 19, 2018 - Kirkland Lake Gold

Ltd. (Kirkland Lake Goldor the Company) (TSX:KL) (NYSE:KL)

(ASX:KLA) today announced new high-grade results from the ongoing underground

drilling programs at the Fosterville Mine in Victoria, Australia. Underground

drilling continues to target down-plunge extensions of Swan Mineral Reserves

with results providing confirmation of the geological model and continuity of

high-grade, visible-gold bearing mineralization on the Swan structure.

Results from 19 new drill holes, totaling 6,482 m, outside of

the December 31, 2017 Measured and Indicated Mineral Resources in the Swan Zone

continue to return intervals of exceptionally high grades with visible gold. The

drilling demonstrates that high-grade, visible-gold bearing quartz veins extend

at least 200 m down-plunge from current Mineral Reserves.

Tony Makuch, President and CEO of Kirkland Lake Gold,

commented: We are quickly establishing Fosterville as a new, world-class gold

camp, with the new drill results at Swan being the latest indication that there

is much more to be found in terms of Mineral Reserves and Mineral Resources.

Todays intercepts confirm earlier drill results that demonstrated strong

continuity of high-grade, visible-gold bearing Swan mineralization over 100 m

down plunge from existing Mineral Reserves. They also include the intersection

of high-grade Swan mineralization an additional 100 m down plunge, creating a

potential 200 m envelope of exceptionally high-grade mineralization over

substantial widths, with visible gold, which will drive future Mineral Reserve

growth. With the new results, we are increasingly confident that our upcoming

December 31, 2018 Mineral Reserve and Mineral Resource estimates will include a

considerable increase in Mineral Reserves in the Swan Zone and a higher overall

average grade and increased Mineral Reserve base for the Fosterville Mine as a

whole.

In addition, there are many more targets to be explored at

Fosterville, in the Lower Phoenix Gold System, as well as at Harrier South,

Robbins Hill and through our regional Large Ore Deposit Exploration or LODE

program. At Lower Phoenix South, we are following up on drilling earlier this

year that intersected mineralization 750 m down plunge of the current Swan

Mineral Resources. Work is also continuing to assess the new mineralized

structure, called Cygnet, which runs parallel to Swan, and was first announced

in July. We will also soon commence deep drilling from a new exploration drift

at Harrier South, where we have seen a trend towards increasing grades with

visible gold in quartz-carbonate veins at depth, comparable to the well

documented progression to higher grades at Lower Phoenix. At Robbins Hill, we

reported the intersection of visible-gold bearing quartz veins earlier in the

year and have two surface drills working to further extend this

highly-prospective mineralization, while a variety of exploration techniques are

being used to explore multiple other targets in the surrounding area.

1

Swan Mineralized Zone Drilling Program

Results from the ongoing underground resource drilling program

at the Swan Zone continue to demonstrate high-grade continuity down plunge from

current Mineral Reserves.

High-Grade, Visible-Gold Bearing Intercepts Include:

289 g/t Au over 7.45 m (ETW 6.0 m), including 2,857 g/t

Au over 0.75m (ETW 0.6 m) in hole UDH2551;

155 g/t Au over 11.9 m (ETW 9.9 m), including 1,566 g/t

Au over 1.1m (ETW 0.9 m) in UDH2584A;

423 g/t Au over 3.55 m (ETW 3.2 m), including 760 g/t Au

over 1.95m (ETW 1.8 m) in UDH2555;

215 g/t Au over 7.2 m (ETW 5.9 m), including 846 g/t Au

over 1.55m (ETW 1.3 m) in UDH2590; and

353 g/t Au over 4.0 m (ETW 3.4 m), including 3,740 g/t Au

over 0.35m (ETW 0.3 m) in UDH2552.

All drill results are presented in Table1and

all drill collars are listed in Table 2.

Since the July 31, 2018 Kirkland Lake Gold News Release,

underground diamond drilling in the Swan Zone has continued to return

encouraging results down-plunge from current Mineral Reserves (Figure 1).

Reported drill results are from 19 holes (6,482 m), of which 12 contain

visible-gold mineralization with nine intervals of greater than 100 gram-metres

and five intervals of greater than 1,000 gram-metres (i.e. gold grade x

estimated true width) (Figure 2). All reported drill results are outside the

December 31, 2017 Measured and Indicated Mineral Resources and highlight the

continued significant Mineral Reserve growth potential of Swan.

Continued infill drilling into the December 31, 2017 Inferred

Swan Mineral Resource has confirmed the strong continuity of high-grade,

visible-gold bearing mineralization to a distance of up to 100 m down-plunge of

Mineral Reserves. Two 1,000 gram-metre intercepts, 155 g/t Au over 11.9 m (ETW

9.9 m) from UDH2584A and 289 g/t Au over 7.45 m (ETW 6.0 m) from UDH2551, are

located 100 m and 80 m down plunge from Mineral Reserves, respectively.

Previously drilling identified high-grade (>30 gram-metres),

visible-gold bearing mineralization down plunge to 6230mN in hole UDE158

(November 7, 2017 Kirkland Lake Gold News Release). The intercept from UDH2494

of 83.1 g/t Au over 8.6 m (ETW 6.8 m), released today, demonstrates that

exceptionally high-grade, visible-gold bearing mineralization (>100

gram-metres) extends at least 200 m down-plunge of Mineral Reserves to the

6175mN northing and remains open for further extension.

Swan Footwall Splay

Infill drilling and ongoing interpretation of Swan has

identified a mineralized footwall splay fault, named the Swan Footwall Splay

(Figure 3). The fault emanates from and branches off the Swan Fault at

approximately 6400mN and 4000mRL. The interpreted synthetic fault dips

marginally steeper than the Swan structure at approximately 50° and has been

defined down to the 3825mRL at a maximum separation distance of 20 m from the

Swan Fault. Gold grades are highest on this structure immediately footwall to

the Swan Fault.

Key Gold Intercepts:

24.0 g/t Au(1)over 2.6 m (ETW 2.2 m) in hole

UDH2555; and

8.1 g/t Au over 3.5 m (ETW 3.1 m) in hole UDH2552

(1) Visible gold drill intercept

Over the remainder of 2018, infill drilling from the Phoenix

4190 m drill platform will continue to target the December 31, 2017 Inferred

Swan Mineral Resource down plunge of Mineral Reserves. It is anticipated that

drill results will be returned from intercepts spaced at a nominal 25m x 25m

separation to an approximate depth of 3900mRL and northing 6200mN on the Swan

structure. This drill coverage is expected to be sufficient to support

conversion to an Indicated Mineral Resource category and enable a Mineral

Reserve evaluation to be completed in time for inclusion in the December 31,

2018 Mineral Reserve and Mineral Resource estimates.

2

Qualified Persons

Troy Fuller, MAIG, Geology Manager, Fosterville Gold Mine, is a

"qualified person" as such term is defined in National Instrument 43-101 and has

reviewed and approved the technical information and data included in this News

Release.

Drilling and Underground Sampling Assay QAQC

Kirkland Lake Gold has in place quality-control systems to

ensure best practice in drilling, sampling and analysis of drill core. All

diamond drill hole collars (Table 2) are accurately surveyed using a Leica TS16

Total Station instrument and down-hole deviations are measured by electronic

multi-shot cameras.

Sampling consisted of diamond drill core that was either full

core or half core sampled. Half core samples were cut longitudinally in half

with a diamond saw; one-half of the drill core was sent to an independent

laboratory for analysis and the other drill core half retained for reference.Sample pulps are returned from the assay laboratory for reference and future

geological or metallurgical studies. Drill core sample intervals vary between

0.3 and 1.2m in length and were determined from logging of sulfide and visible

gold to geological boundaries.

Samples containing visible-gold or considered likely to contain

visible-gold were separated from sulfide gold samples and dispatched

independently for assaying. At the laboratory visible-gold jobs were processed

through a single pulverizer and material barren of gold (quartz wash) was

crushed before and after each sample to minimize the potential for gold to

contaminate successive samples.

Assay results are based on 25-gram charge fire assays. Mean

grades are calculated using a variable lower grade cut-off (generally 2 g/t Au)

and maximum 2m internal dilution. No upper gold grade cut is applied to the

data. However, during future Mineral Resource studies the requirement for assay

top cutting will be assessed.

All samples were assayed at On Site Laboratories, an

independent laboratory in Bendigo, Victoria. The facility is registered ISO

9001:2008 (CERT-C33510).

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold Ltd. is a mid-tier gold producer with 2018

production targeted at over 635,000 ounces of gold from mines in Canada and

Australia. The production profile of the Company is anchored by two high-grade,

low-cost operations, including the Macassa Mine located in Northeastern Ontario

and the Fosterville Mine located in the state of Victoria, Australia. Kirkland

Lake Gold's solid base of quality assets is complemented by district scale

exploration potential, supported by a strong financial position with extensive

management and operational expertise. For further information on Kirkland Lake

Gold, and to receive news releases by email, visit the Companys website

www.klgold.com.

Cautionary Note Regarding Forward-Looking

Information

This News Release includes certain "forward-looking

statements". All statements other than statements of historical fact included in

this release are forward-looking statements that involve various risks and

uncertainties. These forward-looking statements include, but are not limited to,

statements with respect to planned exploration programs, costs and expenditures,

changes in Mineral Resource estimates, potential growth in Mineral Resources,

conversion of Mineral Resources to proven and probable Mineral Reserves, and

other information that is based on forecasts of future operational or financial

results, estimates of amounts not yet determinable and assumptions of

management. These forward-looking statements include, but are not limited to,

statements with respect to future exploration potential, project economics,

timing and scope of future exploration, anticipated costs and expenditures,

changes in mineral resources and conversion of mineral resources to proven and

probable reserves, and other information that is based on forecasts of future

operational or financial results, estimates of amounts not yet determinable and

assumptions of management.

Any statements that express or involve discussions with respect

to predictions, expectations, beliefs, plans, projections, objectives,

assumptions or future events or performance (often, but not always, using words

or phrases such as "expects" or "does not expect", "is expected", "anticipates"

or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions,

events or results "may", "could", "would", "might" or "will" be taken, occur or

be achieved) are not statements of historical fact and may be "forward-looking

statements." Forward-looking statements are subject to a variety of risks and

uncertainties that could cause actual events or results to differ from those

reflected in the forward-looking statements. Exploration results that include

geophysics, sampling, and drill results on wide spacings may not be indicative

of the occurrence of a mineral deposit. Such results do not provide assurance

that further work will establish sufficient grade, continuity, metallurgical

characteristics and economic potential to be classed as a category of mineral

resource. A mineral resource that is classified as "inferred" or "indicated" has

a great amount of uncertainty as to its existence and economic and legal

feasibility. It cannot be assumed that any or part of an "indicated mineral

resource" or "inferred mineral resource" will ever be upgraded to a higher

category of resource. Investors are cautioned not to assume that all or any part

of mineral deposits in these categories will ever be converted into proven and

probable reserves.

3

There can be no assurance that forward-looking statements will

prove to be accurate and actual results and future events could differ

materially from those anticipated in such statements. Important factors that

could cause actual results to differ materially from the Companys expectations

include, among others, risks related to international operations, risks related

to obtaining the permits required to carry out planned exploration or

development work, the actual results of current exploration activities,

conclusions of economic evaluations and changes in project parameters as plans

continue to be refined as well as future prices of gold, as well as those

factors discussed in the section entitled "Risk Factors" in the Companys Annual

Information Form, financial statements and related MD&A for the periods

ended December 31, 2017 and June 30, 2018 and other disclosures of "Risk

Factors" by the Company and its predecessors, which are filed with the

securities regulatory authorities in certain provinces in Canada and available

on SEDAR. Although the Company has attempted to identify key factors that could

cause actual results to differ materially, there may be other factors that cause

unanticipated and unintended results. There can be no assurance that such

statements will prove to be accurate as actual results and future events could

differ materially from those anticipated in such statements. Accordingly,

readers should not place undue reliance on forward-looking statements.

Cautionary Note to U.S. Investors - Mineral Reserve and

Resource Estimates

All resource and reserve estimates included in this news

release or documents referenced in this news release have been prepared in

accordance with Canadian National Instrument 43-101 - Standards of Disclosure

for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining,

Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral

Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM

Standards"). NI 43-101 is a rule developed by the Canadian Securities

Administrators, which established standards for all public disclosure an issuer

makes of scientific and technical information concerning mineral projects. The

terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve"

are Canadian mining terms as defined in accordance with NI 43-101 and the CIM

Standards. These definitions differ materially from the definitions in SEC

Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act

of 1933, as amended, and the Exchange Act.

In addition, the terms "mineral resource", "measured mineral

resource", "indicated mineral resource" and "inferred mineral resource" are

defined in and required to be disclosed by NI 43-101 and the CIM Standards;

however, these terms are not defined terms under SEC Industry Guide 7 and are

normally not permitted to be used in reports and registration statements filed

with the U.S. Securities and Exchange Commission (the "SEC"). Investors are

cautioned not to assume that all or any part of mineral deposits in these

categories will ever be converted into reserves. "Inferred mineral resources"

have a great amount of uncertainty as to their existence, and great uncertainty

as to their economic and legal feasibility. It cannot be assumed that all or any

part of an inferred mineral resource will ever be upgraded to a higher category.

Under Canadian rules, estimates of inferred mineral resources may not form the

basis of feasibility or pre-feasibility studies, except in very limited

circumstances. Investors are cautioned not to assume that all or any part of a

mineral resource exists, will ever be converted into a mineral reserve or is or

will ever be economically or legally mineable or recovered.

4

FOR FURTHER INFORMATION PLEASE CONTACT

Anthony Makuch, President, Chief Executive Officer &

Director

Phone: +1 416-840-7884

E-mail: tmakuch@klgold.com

Mark Utting, Vice-President, Investor Relations

Phone: +1

416-840-7884

E-mail: mutting@klgold.com

Table 1:

Drill Assay Intercepts for the Swan and Swan

Footwall Splay Diamond Drilling, Lower Phoenix Mineralized System,

Fosterville Gold Mine

(The results are outside of Indicated

Mineral Resources appearing in the December 31, 2017 Technical Report on the

Mineral Resources and Mineral Reserves of The Fosterville Gold Mine, dated April

2, 2018, and available on sedar.com)

Hole ID

From

(m)

To

(m)

Downhole

Interval

(m)

Estimated

True

Width (m)

Gold

Grade

(g/t Au)

Geological

Structure/

Zone

Swan Mineralization

UDH2156(1)

282.6

291.0

8.4

7.1

86.9

Swan

Including(1)

283.9

284.25

0.35

0.3

1,474

Swan

and(1)

289.35

289.85

0.5

0.4

279

Swan

UDH2484

368.45

369.55

1.1

1.0

2.5

Swan

UDH2488

375.8

376.8

1.0

0.9

2.1

Swan

UDH2493(1)

387.6

389.5

1.9

1.5

40.4

Swan

Including(1)

387.6

388.0

0.4

0.3

161

Swan

UDH2494(1)

393.4

402.0

8.6

6.8

83.1

Swan

Including(1)

398.3

400.0

1.7

1.3

366

Swan

UDH2495(1)

366.2

372.5

6.3

5.8

11.7

Swan

Including(1)

367.65

369.6

1.95

1.8

28.6

Swan

UDH2496(1)

349.8

352.0

2.2

2.0

10.5

Swan

Including(1)

349.8

350.55

0.75

0.7

27.1

Swan

UDH2542

283.4

290.1

6.7

6.0

10.0

Swan

Including

286.65

289.1

2.45

2.2

21.0

Swan

UDH2545

No Significant Intercept

Swan

UDH2551(1)

308.0

315.45

7.45

6.0

289

Swan

Including(1)

308.3

309.05

0.75

0.6

2,857

Swan

UDH2552(1)

283.9

287.9

4.0

3.4

353

Swan

Including(1)

284.4

284.75

0.35

0.3

3,740

Swan

UDH2555(1)

267.0

270.55

3.55

3.2

423

Swan

Including(1)

267.0

268.95

1.95

1.8

760

Swan

UDH2584A(1)

310.35

322.25

11.9

9.9

155

Swan

Including(1)

318.1

319.2

1.1

0.9

1,566

Swan

5

Hole ID

From

(m)

To

(m)

Downhole

Interval

(m)

Estimated

True

Width (m)

Gold

Grade

(g/t Au)

Geological

Structure/

Zone

UDH2587

285.1

290.3

5.2

4.4

20.0

Swan

Including

288.3

289.8

1.5

1.3

35.3

Swan

UDH2590(1)

292.8

300.0

7.2

5.9

215

Swan

Including(1)

296.05

297.6

1.55

1.3

846

Swan

UDH2598(1)

256.95

269.9

12.95

12.0

31.5

Swan

Including(1)

265.1

268.05

2.95

2.7

101

Swan

UDH2629

272.7

278.0

5.3

5.0

15.2

Swan

Including

273.05

274.95

1.9

1.8

26.2

Swan

UDH2632(1)

274.7

279.95

5.25

5.0

175

Swan

Including(1)

279.0

279.95

0.95

0.9

930

Swan

UDH2633

269.25

285.2

15.95

15.3

3.5

Swan

Including

283.05

283.95

0.9

0.9

13.9

Swan

Swan Footwall Splay Mineralization

UDH2496

360.7

362.0

1.3

1.2

6.0

Swan Splay

UDH2552

296.0

299.5

3.5

3.1

8.1

Swan Splay

UDH2555(1)

279.4

282

2.6

2.2

24.0

Swan Splay

UDH2584A

347.6

348.45

0.85

0.7

2.7

Swan Splay

UDH2598

275.8

278.8

3.0

2.7

4.0

Swan Splay

UDH2632

302.85

303.7

0.85

0.8

2.7

Swan Splay

UDH2633

297.95

299.95

2.0

1.9

3.1

Swan Splay

Notes:(1) - Visible gold

observed in drill intercept.

Drill intercepts containing visible gold or greater than 30

Gram-Metre (gold grade x estimated true width) are shown in bold text.

6

Table 2: Underground Diamond Drill Hole Collar

Locations, Fosterville Gold Mine

Hole ID

Northing

(m)

Easting

(m)

Elevation

(m)

Collar

Azimuth

(°)

Collar

Plunge

(°)

Depth

(m)

UDH2156

6,357.3

1,406.5

4,192.6

102.0

-43.6

302

UDH2484

6,233.7

1,339.3

4,194.5

98.9

-33.2

396.1

UDH2488

6,233.7

1,339.4

4,194.5

98.9

-38.2

390.2

UDH2493

6,233.5

1,339.4

4,194.5

100.9

-45.2

426

UDH2494

6,233.5

1,339.1

4,194.1

105.5

-48.3

410.7

UDH2495

6,233.5

1,338.9

4,194.1

90.2

-47.6

386.7

UDH2496

6,233.9

1,339.1

4,194.0

83.9

-48.5

374.6

UDH2542

6,357.2

1,406.5

4,192.9

109.3

-34.3

324

UDH2545

6,356.1

1,406.4

4,192.7

115.8

-39.9

335

UDH2551

6,356.2

1,406.4

4,192.7

115.4

-49.0

330.2

UDH2552

6,357.3

1,406.5

4,192.5

110.2

-50.8

310.5

UDH2555

6,357.6

1,406.5

4,192.8

98.1

-50.1

296.9

UDH2584A

6,365.8

1,381.9

4,192.0

116.9

-55.9

356.6

UDH2587

6,356.2

1,406.4

4,192.8

104.6

-32.2

308

UDH2590

6,355.1

1,406.3

4,192.9

106.5

-47.0

308

UDH2598

6,355.2

1,406.3

4,192.5

98.2

-56.8

293.8

UDH2629

6,366.8

1,381.6

4,191.9

79.2

-60.6

296.7

UDH2632

6,366.6

1,381.7

4,191.9

87.7

-58.8

317.5

UDH2633

6,366.1

1,381.6

4,192.0

93.0

-57.8

318.2

Notes:Collar locations are in Fosterville Mine Gridcoordinate system.

7

Figure 1. LongProjectionofFostervilleGold Mine

8

Figure 2.LongitudinalProjectionof Swan and SwanFootwallMineralization,FostervilleGold Mine

9

Figure 3. Phoenix Mineralization System Schematic Cross

Section 6250mN

10