KLDC Expands Multi-Phase Gold System and Secures OJEP Funding
KLDC Expands Multi-Phase Gold System and
Secures OJEP Funding
Toronto, Ontario--(Newsfile Corp. - March 30, 2026) -
Kirkland Lake Discoveries Corp. (TSXV:
KLDC) (OTCQB: KLKLF)
("KLDC" or the "Company") is pleased to report that ongoing drilling and
integrated multi-element geochemical vectoring have significantly expanded the footprint of a large-scale
mineralized system at its KL West Project.
Results continue to confirm the presence of a robust, multi-phase hydrothermal system associated with
both Intrusion-Related Gold Systems (IRGS) and Volcanogenic Massive Sulphide (VMS) mineralization
along the highly prospective Winnie Lake Stock (WLS) corridor (see
Figure 1
)
. The Company is now
transitioning from identifying widespread mineralization to vectoring toward potential higher-grade core
zones within this system.
Highlights
Secured
$215,000
in non-dilutive provincial funding through OJEP
Expanding
large-scale gold-bearing hydrothermal system
at Winnie Lake.
Clear evidence of
multi-phase mineralization
, with IRGS overprinting earlier VMS-style systems
Up to 74% of drill hole lengths returning strong IRGS vector signatures at Winnie Lake
Multiple holes demonstrating >30-50% continuous extensive hydrothermal envelope
Consistent multi-element signatures (Au-Bi-Mo-Te ± W) across >5 km structural corridor
Intense overlapping
epidote-potassic-sodic alteration and silicification
, confirming a strong
and long-lived fluid system
Drill intercepts include:
0.87 m @ 3.20 g/t Au
(KLD26-48; 261.55-262.42 m)
0.50 m @ 2.25 g/t Au + 0.10% Cu
(KLD26-48; 259.67-260.17 m)
Figure 1
: KL West drilling completed to date. Drill hole collars represent assay status: black - previously released, green - newly received, and
red - pending. Assay results show a robust hydrothermal system around the WLS that the Company is in the early stages of exploring. Continued
integration of multi-element geochemical data may allow the Company to vector towards the source and potential high-grade core of this system.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/290402_1e47910fe4d46b4c_001full.jpg
Approval of OJEP Grant
The Company has been awarded
$215,000
under the Ontario Government's Ontario Junior Exploration
Program (OJEP), covering 50% of eligible exploration costs incurred on the KL West and Winnie Lake
Properties from April 1, 2025, to February 28, 2026, and supports exploration activities focused on
identifying critical minerals, including copper.
"
We are pleased to acknowledge the ongoing support from the Government of Ontario with a $215,000
grant through OJEP. This funding allows us to further our exploration efforts and has helped to identify
significant targets for gold and critical minerals
," said CEO Stefan Sklepowicz.
"Ontario is leading the charge to secure the minerals that will power our economy and strengthen our
sovereignty," said Stephen Lecce, Minister of Energy and Mines. "Through OJEP, we're backing
companies like Kirkland Lake Discoveries to advance promising projects here at home—unlocking
resources, creating jobs, and building a more self-reliant and secure Canadian economy."
Advancing Large-Scale Mineralized Systems
Drilling across Winnie Lake, Sharp Target, and Nine Mile has confirmed extensive hydrothermal systems
along the Winnie Lake Stock corridor, characterized by widespread alteration and multi-element
geochemical enrichment.
Mineralization is expressed as broad, fluid-driven envelopes rather than discrete structures, reflecting
high permeability within host rocks and along intrusive and structural contacts. This style of mineralization
is consistent with large, evolving hydrothermal systems where early VMS enrichment is overprinted by
later IRGS fluids, commonly associated with large-scale gold systems and the development of higher-
grade core zones (see
Table 1
).
Geochemical vectoring is systematically delineating fluid pathways and metal zonation within a large-
scale hydrothermal system, providing a predictive framework for targeting higher-grade zones:
IRGS vectors:
Increasing Au-Bi-Mo-Te ± W values, in association with intensifying potassic
alteration, mark movement toward higher-temperature, intrusion-related gold mineralization
VMS vectors
: Zn-Pb-Cu-Ag ± sulphide enrichment define metal zonation patterns within the
system, supporting vectoring from distal mineralization toward more focused sulphide
accumulation and potential feeder structures.
Table 1
- Summary of the proportion of each drill hole that exhibits geochemical signatures consistent with IRGS and VMS systems. High
percentages of 'vector-positive' intervals indicate that drilling is consistently intersecting mineralized halos rather than isolated zones, supporting
the presence of a large, continuous hydrothermal system.
Hole
Project
UTM N
UTM E
Hole Length
(m)
IRGS Positive
Length (m)
IRGS % of
Hole
VMS Positive
Length (m)
VMS % of
Hole
KLD26-49
Nine Mile
5342730
563400
339.0
9.6
2.8%
0.0
0.0%
KLD26-51
Nine Mile
5342708
563597
357.0
2.3
0.6%
0.0
0.0%
KLD26-53
Nine Mile
5343578
563600
402.0
15.2
3.8%
0.0
0.0%
KLD25-44
Sharp Target
5336154
565134
402.0
23.4
5.8%
73.9
18.4%
KLD25-45
Sharp Target
5336098
565323
126.0
5.0
4.0%
9.3
7.4%
KLD25-46
Sharp Target
5336159
565104
249.0
0.0
0.0%
1.0
0.4%
KLD25-42
Winnie Lake
5336893
564089
411.0
217.8
53.0%
4.1
1.0%
KLD25-43
Winnie Lake
5336980
564090
477.0
173.5
36.4%
0.0
0.0%
KLD26-47
Winnie Lake
5337157
564224
402.0
220.6
54.9%
1.9
0.5%
KLD26-48
Winnie Lake
5337157
564224
459.0
298.3
74.2%
4.4
1.1%
KLD26-50
Winnie Lake
5337157
564224
390.0
35.9
8.9%
33.4
8.3%
KLD26-52
Winnie Lake
5337058
564236
376.5
95.4
25.3%
46.5
12.4%
Winnie Lake Area
Drilling at Winnie Lake continues to define a large-scale, coherent magmatic-hydrothermal system
hosted within intercalated syenitic intrusions and mafic volcanic units.
Mineralization is developed within a broad, continuous hydrothermal envelope characterized by intense
and overlapping epidote, potassic (K-feldspar), and sodic alteration, together with strong silicification.
These assemblages are pervasive and locally overprinting, reflecting multiple pulses of fluid flow through
a highly permeable structural and intrusive framework
(
see
Figure 2)
.
Geochemically, the system records a clear overprinting relationship. Early VMS-style mineralization is
expressed as zinc-rich sulphide intervals, commonly ranging from ~1,000 ppm to >6,000 ppm Zn, with
associated copper enrichment locally exceeding 1% Cu and strong VMS-positive vector responses.
This mineralization has subsequently been overprinted by higher-temperature, intrusion-related fluids,
introducing elevated Bi-Mo-W signatures and associated potassic alteration, with consistent IRGS-
positive vector responses.
Importantly, this later fluid event has locally remobilized sulphides and associated metals, resulting in
redistribution and upgrading within structurally favourable zones. Intervals where elevated VMS and IRGS
vector signatures are coincident demonstrate this overprinting process, reflecting progressive fluid
evolution and metal concentration within the system.
The scale, continuity, and intensity of this overprinting system support the interpretation of a long-lived
hydrothermal environment with potential to focus metals into higher-grade zones along key structural
pathways.
Figure 2
- Core from KLD26-48 featuring intense coincident silicification and K-feldspar alteration associated with elevated Bi and W (1.8 g/t Au
over 2.75 m between 259.7-262.4 m downhole)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/290402_1e47910fe4d46b4c_002full.jpg
Sharp Target
Drilling at the Sharp Target has intersected a zinc-rich sulphide horizon within a VMS-style system,
confirming a fertile volcanogenic environment along the southeastern extension of the Winnie Lake Stock
corridor.
Mineralization is defined by consistently elevated zinc values (~800 ppm to >2,000 ppm Zn, locally
exceeding 3,900 ppm) with moderate copper enrichment, and positive VMS vector responses,
supporting a robust and laterally continuous geochemical footprint.
The dominance of zinc relative to copper is consistent with a distal to transitional position within a VMS
system, with metal zonation indicating vectoring toward increasing copper and lead enrichment and
potential feeder-style mineralization.
These results extend the Winnie Lake hydrothermal envelope by more than one kilometre to the
southeast, demonstrating strong lateral continuity. Integrated with the broader dataset, the Sharp Target
provides a key vectoring constraint along the corridor, supporting a systematic
transition from distal
zinc-rich mineralization toward more proximal zones
within a large, evolving hydrothermal system.
Nine Mile Target
Initial drilling at Nine Mile has confirmed a separate, fertile hydrothermal centre within the Winnie Lake
Stock corridor.
Mineralization is hosted within syenites exhibiting strong potassic and hematite alteration, and is defined
by elevated pathfinder element signatures, including:
Bismuth up to 280 ppm
Molybdenum exceeding 100 ppm
Tungsten locally exceeding 75 ppm
These intervals are supported by consistent IRGS-positive vector responses, defining a coherent and
laterally continuous geochemical footprint.
The strength and consistency of pathfinder enrichment, together with elevated K/Na ratios and pervasive
potassic alteration, indicate a
distal to transitional position
within an intrusion-related gold system.
Geochemical trends suggest increasing fluid temperature and metal tenor toward structurally focused
zones, providing a clear vector toward higher-grade, intrusion-proximal mineralization.
The alignment of current drilling results supports a focused structural trap that remains open at depth and
along strike. Ongoing and planned step-out drilling will target the convergence of geochemical vectors
and structural controls to advance from the distal hydrothermal envelope toward the core of the system.
Laboratory Turnaround Times
Due to increased exploration activity across the sector, laboratory turnaround times for assay results
have been extended significantly taking approximately 12 weeks. To maintain momentum, the Company
has mobilized one drill rig to the
KL South Project
and is utilizing an additional laboratory to help
expedite assay processing.
Assay processing of samples from an additional 38 holes remains outstanding (see
Table 2
). The
Company will release these assays upon their receipt and interpretation.
Table 2
- 2025/2026 Winter drill hole locations and assay status
Target Area
Hole
UTM N
UTM E
From
(m)
To
(m)
Length
(m)
Au
g/t
Cu
%
Zn
g/t
Ag
g/t
Wolverine Bend
KLD25-41
5338230
565632
No Significant Values
Winnie Lake
KLD25-42
5336893
564089
224.5
224.75
0.25
0.59
0.03
13.00
4.22
Winnie Lake
KLD25-42
5336893
564089
227
233
6
0.28
0.02
20.83
3.00
Winnie Lake
KLD25-42
5336893
564089
395.47
396.5
1.03
0.38
0.09
10.09
2.34
Winnie Lake
KLD25-43
5336893
564089
182
186
4
0.32
0.01
39.31
0.70
Sharp Target
KLD25-44
5336154
565141
No Significant Values
Sharp Target
KLD25-45
5336106
565320
No Significant Values
Sharp Target
KLD25-46
5336159
565104
No Significant Values
Winnie Lake
KLD26-47
5337161
564221
216.81
218.19
1.38
0.01
0.50
119.89
0.30
Winnie Lake
KLD26-48
5337161
564221
259.67
262.9
3.23
1.58
0.07
70.71
0.87
Including
259.67
260.17
0.5
2.25
0.10
68.00
0.64
261.55
262.42
0.87
3.20
0.05
54.00
1.04
Nine Mile
KLD26-49
5342730
563399
No Significant Values
Winnie Lake
KLD26-50
5337161
564221
No Significant Values
Nine Mile
KLD26-51
5342704
563592
238.54
239.06
0.52
0.73
0.00
45.00
0.26
Winnie Lake
KLD26-52
5337058
564236
No Significant Values
Nine Mile
KLD26-53
5343578
563600
Results Pending
Winnie Lake
KLD26-54
5337425
564478
Winnie Lake
KLD26-55
5337321
564679
Cross Roads
KLD26-56
5343536
565831
Winnie Lake
KLD26-57
5337145
564280
Cross Roads
KLD26-58
5343685
566030
Winnie Lake
KLD26-59
5337123
564337
Winnie Lake
KLD26-60
5337127
564387
Cross Roads
KLD26-61
5343894
566469
Wolverine Bend
KLD26-62
5338467
565509
Wolverine Bend
KLD26-63
5338505
565490
Hammerhead
KLD26-64
5342506
567046
Wolverine Bend
KLD26-65
5338505
565490
Wolverine Bend
KLD26-66
5338394
565479
Hammerhead
KLD26-67
5342320
567124
Wolverine Bend
KLD26-68
5338425
565455
Wolverine Bend
KLD26-69
5338608
565640
Hammerhead
KLD26-70
5342673
566952
Wolverine Bend
KLD26-71
5338636
565736
Hammerhead
KLD26-72
5342588
567479
Wolverine Bend
KLD26-73
5338737
565822
Wolverine Bend
KLD26-74
5338752
566932
Wolverine Bend
KLD26-75
5338737
565822
Moosehead
KLD26-76
5337187
562418
Wolverine Bend
KLD26-77
5338737
565822
Moosehead
KLD26-78
5337188
562636
Wolverine Bend
KLD26-79
5338737
565822
Moosehead
KLD26-80
5337369
522473
Wolverine Bend
KLD26-81
5338497
565400
Mag break target
KLD26-82
5337852
562333
Wolverine Bend
KLD26-83
5338588
565356
Mag break target
KLD26-84
5337852
562333
Wolverine Bend
KLD26-85
5338553
565260
Leahy-Queenston
KLD26-86
5339901
561036
Cougar
(Amikougami)
KLD26-87
5339451
567073
Cougar
KLD26-88
5339160
576276
Cougar
KLD26-89
5338426
566997
Cougar
KLD26-90
5339338
567038
Target Area
Hole
UTM N
UTM E
From
(m)
To
(m)
Length
(m)
Au
g/t
Cu
%
Zn
g/t
Ag
g/t
Quality Control Statement
True widths are estimated at approximately 65-80% of the reported core length intervals. Assays are
uncut except where indicated. All NQ drill core samples were analyzed at ALS Laboratories in Ontario,
Québec, and British Columbia.
Gold analyses were completed using industry-standard fire assay methods with atomic absorption finish,
with selected samples re-analyzed using gravimetric methods where warranted. Multi-element analyses
were conducted using industry-standard ICP-AES and ICP-MS techniques. Selected intervals were also
analyzed using portable X-ray fluorescence (pXRF) for rapid multi-element screening and geological
interpretation; pXRF results are considered semi-quantitative and are not used for reporting compliant
assay results.
Drill program design, Quality Assurance/Quality Control ("QA/QC"), and interpretation of results were
conducted by qualified persons employing a QA/QC program consistent with National Instrument 43-101
and industry best practices. Certified reference standards and blanks were inserted into the sample
stream at regular intervals, approximately one control sample per twenty samples, to monitor analytical
accuracy and precision.
Qualified Person
The technical information contained in this news release has been reviewed and approved by
Benjamin
Cleland, P.Geo., Vice-President Exploration
, who is a Qualified Person as defined by National
Instrument 43-101 -
Standards of Disclosure for Mineral Projects
.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420-km²
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 massive-sulphide deposits.
With exploration permits now in place, KLDC is positioned to advance a strong pipeline of drill-ready
targets at KL South, KL West and KL East, supported by multiple anomalous soil trends, historical
mineral showings, and structurally controlled intersections.
For additional information, please contact:
Stefan Sklepowicz
Chief Executive Officer
Phone:
+1 226-979-3515
Email:
Website:
www.kirklandlakediscoveries.com
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 "forward-looking statements" within the
meaning of applicable securities legislation. All statements, other than statements of historical fact,
are forward-looking statements. Forward-looking statements in this news release relate to, among
other things, future drill programs, the results thereof, and the potential for new discoveries. 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. The Company does not assume any
obligation to update forward-looking statements of beliefs, opinions, projections, or other factors,
should they change, except as required by applicable securities laws. Mineralization hosted on
adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the
Company's property.
To view the source version of this press release, please visit
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