Kirkland Lake Discoveries Announces Drill Permit Approval and Completion of High-Resolution Geophysical Survey
TSX-V:KLDC
KIRKLAND LAKE DISCOVERIES CORP.
25 Adelaide Street East, Suite 1400, Toronto, Ontario, M5C 3A1 | kirklandlakediscoveries.com | +1 416 363 0317
Kirkland Lake Discoveries Announces Drill Permit Approval and Completion of
High-Resolution Geophysical Survey
Toronto, June 22, 2023 – Kirkland Lake Discoveries Corp. (TSX -V - KLDC) (“KLDC or the “Company”) is
pleased to announce the drilling permit for the Goodfish Kirana property has been approved by the Ministry
of Northern Development, Mines, Natural Resources and Forestry (NDMNRF) effective June 6, 2023, for
three years . In addition, the high-resolution airborne magnetic survey recently undertaken at the Lucky
Strike property has been completed. Data compilation and processing of the survey data is currently
underway.
The 2,105 line-kilometre survey across the Lucky Strike property was completed in a timely and efficient
manner by ALS GoldSpot Disc overies Ltd’s (“ALS GoldSpot”) Geophysical Services division from June 5
to 14, 2023. The survey parameters included a flight -line azimuth of 0º/180º and flight -line spacing of 100
m with infill lines complete in selected areas at 50 m spacing. Tie lines at 500 m spacing had an azimuth of
090º/270º (Figure 1).
Figure 1 – Flight lines of airborne geophysical survey including highlighted 50 m infill areas.
This high-resolution survey utilized ALS GoldSpot’s M-PASS system, a proprietary platform that has been
designed to collect co-referenced triaxial magnetic, Very Low Frequency (VLF) electromagnetic multi-band
radiometric, and LiDAR data sets specifically designed to support exploration efforts and Artificial
Intelligence (“AI”) analyses.
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Shawn Hood, General Manager of ALS GoldSpot commented, “This has been a large and detailed survey
for Kirkland Lake Discoveries to collect data layers which will underpin future AI enhanced exploration. Now
that this milestone is complete, these newly acquired data sets can be processed in multiple ways to support
the Lucky Strike project. We look forward to how this data will guide the upcoming exploration plans of
Kirkland Lake Discoveries.”
The raw geophysical data sets collected by this survey are currently being processed and results are
anticipated in early July. Once the data sets are received, the Company will undertake a geophysical and
structural interpretation. This interpretation will be incorporated with the current geological understanding
and known mineral showings of the Lucky Strike property, using ALS GoldSpot’s proprietary AI algorithms.
The results of this data analysis will help guide future exploration plans, including follow-up field and drilling
activities.
“We are excited to receive the results and interpretation of this airborne survey which will provide the
foundation to our geological and structural understanding of this most recently acquired portion of our
district-scale land package. Structure is key to the orogenic gold deposit model not only in the Kirkland Lake
gold camp, but throughout the metal -endowed Abitibi greenstone belt. The airborne survey data will be
married with known historical mineralized showings and structures, and foll ow-up work will include the
ground-truthing and drilling of known mineralized trends. All of this work along with the exploration drilling
on our project continues to advance our efforts towards making a discovery in the gold- rich Kirkland Lake
camp,” stated Danièle Spethmann, CEO of KLDC.
QP Statement
Danièle Spethmann, P.Geo., President and CEO and a Director of the Company , is a Qualified Person as
defined by NI 43- 101. Ms. Spethmann has reviewed the technical information in this news release and
approves the written disclosure contained herein.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. is a TSX Venture Exchange listed company that has recently consolidated
a district-scale and highly prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada.
The properties are hosted in the Abitibi Greenstone Belt, one of the world’s best-endowed greenstone belts,
with 200+ million ounces of gold produced to date.1 The properties are host to regional and property-scale
mineralized structures that are considered second-order structures off the Larder Lake Cadillac
Deformation Zone (LLCDZ), the regional structure in the belt known to be spatially associated with the gold
mines hosted in the camp.
The properties assembled include the 100%-owned Lucky Strike Property, Goodfish-Kirana, the Arnold
property, and the optioned KL West (KLW) and KL Central (KLC) properties. The KLDC land position
comprises approximately 38,000 ha, over 1,338 claims and 29 patented claims and ranks the Company as
the largest landholder in the Kirkland Lake region.
For additional information, please contact:
Danièle Spethmann, P.Geo.
President & CEO
kirklandlakediscoveries.com
+
1 416 363 0317
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release.
1 2020 Mineral Production in Canada, Government of Canada, Minerals and Metals Statistics Division, 2022-03-10, https://mmsd.nrcan-rncan.gc.ca/PDF/MIS2020TableG01a-
en.pdf
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