Kirkland Lake Discoveries Initiates Multi-Parameter Airborne Geophysical Survey at Lucky Strike Property
Kirkland Lake Discoveries Initiates Multi-Parameter Airborne
Geophysical Survey at Lucky Strike Property
TORONTO--(BUSINESS WIRE)--June 8, 2023--Kirkland Lake Discoveries Corp. (TSX-V -
KLDC) (“KLDC or the “Company”) is pleased to announce the engagement of ALS GoldSpot
Discoveries Ltd. (“GoldSpot”) and the initiation of a high-resolution Multi-Parameter Airborne
Survey System (“M-PASS”) survey over the newly acquired Lucky Strike property in Kirkland
Lake, Ontario, Canada. The results of this state-of-the-art survey will leverage advanced artificial
intelligence (AI) to analyze, process and extract insights from the acquired airborne geophysical
data.
"With the acquisition of the Lucky Strike property from New Found Gold and the initiation of
this high resolution survey over this ground with the well regarded team at GoldSpot, we are
embarking on an exhilarating new chapter for our Company," stated Danièle Spethmann,
President and CEO, who added, “We look forward to marrying the results of this data with
boots-on-the-ground field work which will advance our understanding of the geology and
mineralization on the Lucky Strike property, to ultimately better define and refine our drill
targets. The exploration team is mobilizing to the field for a targeting and planning session next
week."
The airborne survey will cover an area of 115 km2 and will be flown at 50 metre and/or 100
metre line spacing on a north south grid. Final line kilometre spacing will be determined in flight
and the total line kilometres flown will range between 1,450 km and ~2,800 km.
The resulting comprehensive data package, custom-designed for this survey, will fuel GoldSpot's
proprietary AI processing. Leveraging the immense power of machine learning, the AI system
will identify patterns and anomalies within the data, potentially uncovering favourable structures
and mineralizing systems with an unparalleled level of accuracy and efficiency.
Shawn Hood, General Manager at ALS GoldSpot Discoveries, shared his enthusiasm, "Our AI
technology is primed to process the multiphysics data, transforming it into actionable insights.
This partnership not only demonstrates our shared commitment to exploration excellence but
also our dedication to embracing digital transformation within the industry."
The initiation of this survey highlights KLDC’s new trajectory and emphasizes the crucial role
that technological advancements will play in the future of mineral exploration in Kirkland Lake.
With AI technology leading the way, this endeavor seeks to minimize environmental impact,
enhance exploration efficiency, and maximize potential benefits for stakeholders.
In addition to this high resolution airborne geophysical survey, fieldwork consisting of
prospecting, geological mapping, and sampling has also been initiated. This work is following up
on the high-resolution magnetics, VLF, and LiDAR data collected last year by GoldSpot on the
western portion of the property (Figure 2).
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.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. (KLDC) 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.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed
Transaction and has neither approved nor disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release. No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “proj ected”, “estimated” and similar expressions and
statements relating to matters that are not historical facts are intended to identify forward-
looking information and are based on the Company’s current belief or assumptions as to the
outcome and timing of such future events. Actual future results may differ materially. Various
assumptions or factors are typically applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those assumptions and factors are based on
information currently available to the Company.
The forward-looking information contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as required by applicable securities
laws.
Because of the risks, uncertainties and assumptions contained herein, investors should not place
undue reliance on forward-looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.
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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
Contacts
Danièle Spethmann, P.Geo.
President & CEO
kirklandlakediscoveries.com
+1 416 414 7011