KLDC Hits 121 m of Continuous Gold Mineralization at 1.01 g/t in 75 m Step-Out at Mirado; Eight Additional Holes Pending
KLDC Hits 121 m of Continuous Gold
Mineralization at 1.01 g/t in 75 m Step-Out at
Mirado; Eight Additional Holes Pending
Toronto, Ontario--(Newsfile Corp. - April 23, 2026) -
Kirkland Lake Discoveries Corp. (TSXV: KLDC)
(OTCQB: KLKLF)
("KLDC" or the "Company") is pleased to announce assay results from its ongoing
2026 diamond drilling program at the past-producing Mirado property, located 20 km southeast of
Kirkland Lake, Ontario.
Highlights
KLM26-002
1.01 g/t Au over 121 m from 11 m to 132 m, including:
4.61 g/t Au over 3.2 m from 15.2 m
3.63 g/t Au over 12.8 m from 69.7 m
(including 7.41 g/t Au over 4.8 m from 74.2 m)
75-m step out from hole KLM26-001
Broad zone of continuous mineralization
732-m hole tests Induced Polarity (IP) anomaly
Eight holes pending using
Chrysos PhotonAssay™
for expedited results
The second drill hole, targeting the South Zone at Mirado, stepped out 75 m southeast of KLM26-001
and confirms continuous mineralization with 1.01 g/t Au from 11.0 m to 132.0 m, including a high-grade
interval of 7.41 g/t over 4.8 m from 74.2 m (see
Figure 1
). Eight additional drill holes have been
completed with assays pending, representing a steady flow of near-term results (see
Figure 2
). Two
holes test the north zone and eight holes test the southern extent of mineralization as well as the deep IP
anomaly beneath the historical deposit. This hole follows up on KLM26-001/001B that intersected 103 m
of continuous mineralization including 5.66 g/t over 18.7 m (see
April 16 news release
).
Chief Executive Officer, Stefan Sklepowicz, commented
,
"We are continuing to see broad
mineralization within our second hole at the South Zone of Mirado. These results reinforce our
geological model and show the robust nature of this system.
Our team continues to execute this drill
program with efficiency and we highly anticipate the results from the remaining eight holes."
Executive Chairman, Denis Laviolette, commented,
"With highly anticipated results still coming,
the assay histogram shows the story here. This is an extremely large, prolific system of widespread
gold.
This is a rarity in the Abitibi and with today's metal prices this presents a compelling reframing of
the deposit scale and economic viability of this project."
Figure 1 -
Drill core from KLM26-002:
A
- From 61.26 m to 78.28 m broad mineralization including high-
grade intervals within intermediate lapilli tuff.
B
- From 74.92 m to 75.16 m pyrite replacement in vein.
C
-
At 130 m semi-massive chalcopyrite.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/293906_e4abb9d01467a9e4_001full.jpg
Figure 2 -
Drill collar locations at Mirado property. KLDC is systematically testing the lateral and depth
extents of the South Zone as well as testing mineralization in the North Zone. High-grade surface grab
samples were not systematically tested and represent a significant resource expansion opportunity.
Historical workings are shown in white where exploration drifting was completed into the South Zone in
the late 1980s. Commercial production did not commence due to the stock market crash in 1987.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/293906_e4abb9d01467a9e4_002full.jpg
Mineralization Style and Geological Context
Mineralization reported herein is associated with the South Zone and is hosted within intermediate
volcanic units, characterized by quartz-carbonate stringer systems with 1-5% disseminated pyrite and
strong local vein replacement (up to 90%). Alteration is dominated by pervasive chlorite-carbonate with
localized sericite and silicification, and minor chalcopyrite occurs in more strongly altered intervals,
reflecting a structurally controlled vein and stringer system within a broadly altered volcanic host (see
Table 1
and
Figure 3
).
The Mirado system comprises two complementary styles of gold mineralization. The South Zone
consists of high-grade, structurally controlled quartz-carbonate-chlorite vein arrays within broader lower-
grade envelopes, while the North Zone hosts semi-conformable, stratigraphically controlled sulphide
mineralization within felsic volcaniclastics, which remains a focus of ongoing drilling.
Current results confirm the continuity of historically defined mineralization and demonstrate consistent
downhole continuity, supporting the Company's evolving geological model and highlighting strong
potential for expansion along strike and at depth.
Table 1
-
Drill Results
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Zone
KLM26-002
11.0
132.0
121.0
1.01
South Zone
including
15.2
18.4
3.2
4.61
South Zone
and
74.2
79
4.8
7.41
South Zone
Reported intervals are calculated using a weighted average grade with a 0.2 g/t Au cutoff. To reflect the continuity of mineralization within the
broader system, up to 3.0 metres of internal dilution (consecutive material below cutoff) is included within reported composites. No top-cutting has
been applied to high-grade results. True widths are estimated at approximately 80% of the reported core length intervals. Assays are uncut except
where indicated.
Figure 3
-
Samples contained anomalous gold to downhole depth of 132 m.
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Deep IP Anomaly Test
The deepest hole drilled to date at the Mirado Project, KLM26-007, reached a downhole depth of 732 m
and was designed to test a prominent IP resistivity low anomaly interpreted to extend beneath and down
plunge of the South Zone mineralization (see
Figure 4
)
.
The anomaly forms a coherent feature aligned with the projected plunge of the South Zone and may
reflect increased alteration, structural complexity, and/or sulphide development at depth. Historical
drilling was largely limited to depths above ~150 m, leaving this feature untested.
Ongoing drilling is designed to determine whether this anomaly represents down-plunge continuation of
the mineralized system or a broader alteration envelope associated with the structural controls of the
South Zone. Results from KLM26-007, along with subsequent deep drilling, will be critical in determining
the significance of this feature and its relationship to the overall mineralizing system at Mirado.
Figure 4
- 2026 drill traces and IP resistivity low anomaly beneath historical drilling looking west
To view an enhanced version of this graphic, please visit:
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Progress Update and Next Steps
Results from the initial holes of the 2026 drill program, including KLM26-002, confirm broad zones of
continuous gold mineralization within the South Zone and support the lateral and vertical continuity of the
system. Drilling has also begun to test the North Zone and deeper targets, including the IP anomaly
beneath the South Zone, where historical drilling was limited.
These results are being integrated into an evolving 3D geological model, improving the Company's
understanding of structural controls and mineralization trends.
Ongoing drilling will continue to focus on step-out targeting along strike and at depth, while systematically
evaluating the down-plunge potential of the South Zone and testing geophysical targets, including the
deep IP anomaly. Additional drilling will prioritize increasing data density to support future resource
modeling.
To further enhance targeting across the broader KL South property, the Company is planning a
MobileMT geophysical survey to provide district-scale coverage and refine structural and lithological
interpretations across the entire project area.
To support efficient assay turnaround and improved analytical reliability, KLDC has implemented
Chrysos PhotonAssay™ technology through Paragon Geochemical.
By operating in a safe, mining friendly jurisdiction with a focused exploration program, Kirkland Lake
Discoveries Corp. is advancing Mirado toward a modern, well-defined gold asset in the Abitibi
Greenstone Belt.
Data Verification & Quality Assurance/Quality Control (QA/QC)
Gold analyses were completed at Paragon Geochemical using Chrysos PhotonAssay™ technology, a
fast, non-destructive analytical method that utilizes high-energy X-rays to directly measure gold content in
large (~500 g) samples. This approach improves analytical precision and reduces the impact of coarse
gold ("nugget effect") compared to traditional fire assay methods, while also enabling faster turnaround
times.
Drill program design, 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.
Reported intervals are calculated using a weighted average grade with a 0.2 g/t Au cutoff. To reflect the
continuity of mineralization within the broader system, up to 3.0 m of internal dilution (consecutive
material below cutoff) is included within reported composites. No top-cutting has been applied to high-
grade results. True widths are estimated at approximately 80% of the reported core length intervals.
Assays are uncut except where indicated.
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 include, but are not limited
to, statements with respect to the Company's 2026 drilling program, the expansion of high-grade zones,
the validation of historical data, and the potential for a mineral resource. Generally, forward-looking
statements can be identified by the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking statements, including but
not limited to: the results of exploration and drilling activities; the reliability of historical data; the price of
gold and other commodities; and general economic, market or business conditions. Although the
Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. 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. The
Company does not undertake to update any forward-looking statements that are incorporated by
reference herein, except in accordance with applicable securities laws.
Hole
Easting
Northing
Azi
(º)
Inclination
(º)
Final Length
(m)
Target/Showing
Assay Result
Status
KLM26-001
587230
5318337
70
-50
115
Mirado SZ
Released
KLM26-001B
587230
5318337
70
-50
303
Mirado SZ
Released
KLM26-002
587301
5318309
70
-45
300
Mirado SZ
Released
KLM26-003
587290
5318352
70
-55
300
Mirado SZ
Pending
KLM26-004
587311
5318276
70
-55
300
Mirado SZ
Pending
KLM26-005
587300
5318242
70
-50
498
Mirado SZ
Pending
KLM26-006
587687
5318705
224
-50
504
Mirado NZ
Pending
KLM26-007
587290
5318195
70
-50
504
Mirado SZ
Pending
KLM26-008
587690
5318682
210
-45
573
Mirado NZ
Pending
KLM26-009
587270
5318098
70
-65
732
Mirado SZ
Pending
KLM26-010
587256
5318158
70
-65
Planned 700
Mirado SZ
Pending
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