Kirkland Lake Discoveries Receives Exchange Approval and Launches Field Season
Kirkland Lake Discoveries Receives Exchange
Approval and Launches Field Season
Toronto, Ontario--(Newsfile Corp. - May 20, 2025) -
Kirkland Lake Discoveries (TSXV: KLDC)
("KLDC" or the "Company")
is pleased to announce that it has received final approval from the TSX
Venture Exchange for its recently announced property acquisitions and has kicked off its 2025
exploration season on a series of highly prospective copper-zinc-silver-gold targets in Kirkland Lake,
Ontario.
With the technical groundwork in place, permits in hand for key areas, and boots on the ground, KLDC is
advancing a large-scale, underexplored VMS system supported by compelling historical drill results,
strong geophysical signatures, and multi-element soil anomalies.
TSX Venture Exchange Approves Transactions
On
May 8, 2025
, the Company received final approval from the TSX Venture Exchange for its
acquisitions of the
Amikougami
and
Winnie Lake
properties from
Val-d'Or Mining Corporation
and
additional land holdings from private holders. KLDC has now issued:
1,750,000 common shares
to Val-d'Or Mining Corporation
200,000 common shares
each to
Sudeep Mathew
and
Charles Gryba
These transactions expand KLDC's footprint in the Blake River Group, immediately adjacent to and
along trend with the historical
Winnie Lake VMS showing
, which has seen minimal modern
exploration.
Field Program Underway – Drilling Planned for Late June
KLDC's field team is now active on-site conducting:
Access preparation
Geological mapping, sampling and ground truthing
Final targeting for the upcoming drill program
, expected to begin
late June
Permits have been received for core areas around the Winnie Lake Pluton, with applications already
submitted for additional newly acquired ground (see Figure 1).
Figure 1 - Regional magnetics map highlighting soil anomalies from the 2024 geochemical survey, along
with newly permitted and permit-pending areas. Anomalous soil trends are observed wrapping around
the Winnie Lake Pluton, coinciding with key magnetic features and structural corridors.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/252528_ab66294ac4b71aec_001full.jpg
VMS Potential: Soils, Magnetics, and Historical Mineralization Align
KLDC's exploration thesis centers around a potential
volcanogenic massive sulfide (VMS) system
peripheral to the
Winnie Lake Pluton
– a felsic intrusion with surrounding magnetic highs and
coincident multi-element geochemical anomalies.
"With final approvals in place and the field season underway, we are laser-focused on drilling what we
believe is a significant VMS system that's been overlooked for decades,"
said
Stefan Sklepowicz
,
CEO of Kirkland Lake Discoveries.
"We've got all the right ingredients — a synvolcanic felsic
intrusive, with coincident magnetic highs and geochemical anomalies suggesting it may have played
a role in local mineralizing systems— and we're excited to put the first modern holes into these targets
in over 30 years."
Key highlights include:
Copper-zinc-silver-gold anomalies
in soils concentrated along the margins of the pluton.
Prominent
magnetic highs
surrounding the margins of the pluton - In one of these magnetic highs,
Pamorex Resources
1989 drill hole
intersected
massive sulfide mineralization
grading:
1.93% Cu, 1.51% Zn, 0.786 g/t Au and 12.1 g/t Ag over 18.41 m (from 11.89 m)
2.44% Cu, 3.63% Zn, 1.376 g/t Au and 16.5 g/t Ag over 10.12 m (from 31.15 m)
within a broader intercept of 1.34% Cu, 1.53% Zn, 0.638 g/t Au, 9.5 g/t Ag over 47.12
m (from 11.89 m)
KLDC plans to follow up on these results with modern geophysics and systematic drilling.
QP Statement
The technical information contained in this news release has been approved by Mike Kilbourne, P.Geo.
who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral
Projects. The QP and the Company have not independently verified the accuracy of historical exploration
data presented.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. (TSXV: KLDC) has assembled a 40,000-hectare exploration portfolio
in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt—one of the most prolific mining districts
in the world. The company's properties span key fault zones, geophysical anomalies, and volcanic-
sedimentary contacts within the Blake River Group—a highly prospective assemblage known to host
both gold and polymetallic VMS deposits.
With multiple anomalous soil trends, historical showings, and structural intersections now permitted for
exploration, KLDC is advancing a pipeline of drill-ready targets across its KL East and KL West project
areas. The team combines strong technical experience with a focus on smart, efficient exploration
designed to deliver results.
For additional information, please contact:
Stefan Sklepowicz
Chief Executive Officer
www.kirklandlakediscoveries.com
+1 226 979 3515
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, statements
relating the future operations and activities of Kirkland Lake Discoveries, are forward-looking
statements. Forward-looking statements are frequently, but not always, identified by words such as
"expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar
expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or
be achieved. Forward-looking statements in this news release relate to, among other things, the
Company's three-phase drill program, the results thereof, and any impact therefrom. There can be no
assurance that such statements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Forward-looking statements reflect the beliefs,
opinions and projections on the date the statements are made and are based upon a number of
assumptions and estimates that, while considered reasonable by Kirkland Lake Discoveries, are
inherently subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements and the parties have made assumptions and
estimates based on or related to many of these factors. Such factors include, without limitation, the ability
to complete proposed exploration work, the results of exploration, continued availability of capital,
changes in general economic, market and business conditions, and the ability to obtain any requisite
approvals. Readers should not place undue reliance on the forward-looking statements and information
contained in this news release concerning these items. Kirkland Lake Discoveries does not assume any
obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors,
should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/252528