KLDC Intersects 103 m of Continuous Gold Mineralization including 5.66 g/t Au over 18.2 m, 3.30 g/t Au over 18.7 m and 1.78 g/t Au over 23.9 m in First Drill Hole at Mirado
KLDC Intersects 103 m of Continuous Gold
Mineralization including 5.66 g/t Au over 18.2
m, 3.30 g/t Au over 18.7 m and 1.78 g/t Au over
23.9 m in First Drill Hole at Mirado
Toronto, Ontario--(Newsfile Corp. - April 16, 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.
The first drill hole targeting the South Zone at Mirado, confirms mineralization originally identified by
Golden Shield Resources in the 1980s and is integral to advancing and expanding the modern
understanding of this mineralizing system. Drilling continues at Mirado with a fence of holes testing the
extent of mineralization along strike and at depth at the South Zone and testing mineralization at the
North Zone (
see
Figure 1
)
.
Highlights
KLM26-001
1.10 g/t Au over 15.1 m
from 39.6 m to 54.6 m
5.66 g/t Au over 18.2 m
from 62.0 m to 80.2 m, including 23.03 g/t Au over 4.3 m
3.30 g/t Au over 18.7 m
from 96.7 m to 115.3 m, including 5.49 g/t Au over 4.9 m, and 3.92 g/t
over 4.1 m
KLM26-001B Wedge
1.78 g/t Au over 23.9 m
from 88.5 m to 112.5 m
Visible gold observed in multiple holes (
see
Figure 2)
Broad zones of continuous mineralization
Expedited assay results through Paragon and use of PhotonAssay
™
KLDC Chief Executive Officer Stefan Sklepowicz commented
, "
Intercepting
5.66 g/t Au over 18.2
m
in our very first hole at Mirado is an exceptional start to this program. These results confirm a robust
gold system with the potential for both bulk-tonnage scale and high-grade zones. With mineralization
open in multiple directions, we believe we are only beginning to unlock value at KL South.
"
"
One of the fascinating things about this project is that the highlight table doesn't always tell the story.
We have an extremely broad and prolific system here at Mirado. Historically this may have been
missed, and this drill hole exemplifies the potential scale with 103 m of continuous mineralization
,"
commented Denis Laviolette, KLDC Executive Chairman
Figure 1 -
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:
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Figure 2 -
Mirado drill core: A - KLM26-001 from 73.28 m to 85 m. B - KLM26-001 from 96.65 m to 97.3
m, visible gold. C - KLM26-004 from 46.4 m to 63.37 m,
assays pending
. D - KLM26-004 from 58.7 m
to 58.9 m. E - KLM26-004 visible gold at 58.9 m. The company cautions that the presence of visible gold
mineralization is not indicative of high-grade gold assays and that drill core samples will be or have been
submitted to a certified laboratory for analysis of gold content. Assay values for the discussed intervals
will be released when available. All intervals are downhole depths, and true widths are not known at this
time.
To view an enhanced version of this graphic, please visit:
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Mineralization Style and Geological Context
The Mirado system hosts two distinct and complementary styles of gold mineralization, of which, the
South Zone style has been reinforced by the current drill results. The South Zone is defined by high-
grade, structurally controlled gold mineralization hosted in quartz-carbonate/chlorite vein arrays within
lower grade envelopes (see
Table 1 and Figure 3
)
. On the other hand, the North Zone comprises semi-
conformable, stratigraphically controlled sulphide mineralization within felsic volcaniclastics, which
ongoing drilling is testing.
Results reported herein not only confirm the presence and continuity of historically defined gold
mineralization but also demonstrate clear continuity of mineralization downhole. These results support
the Company's evolving geological model and highlight the significant growth potential of the Mirado
system, with multiple zones remaining open for expansion.
The combination of wide intervals and consistent mineralization suggests strong potential for a bulk-
tonnage system, complemented by higher-grade zones that could enhance project economics.
Table 1
-
Drill Results
Drill Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Zone
KLM26-001
9.0
19.5
10.5
0.65
South Zone
39.5
54.6
15.1
1.10
South Zone
62.0
80.2
18.2
5.66
South Zone
including
75.9
80.2
4.3
23.03
South Zone
96.6
115.3
18.7
3.30
South Zone
including
96.7
101.6
4.9
5.49
South Zone
and
108.9
113.0
4.1
3.92
South Zone
KLM26-001B
Wedge
88.5
112.4
23.9
1.78
South Zone
Figure 3
-
Au assays from KLM26 - 001 from 9 m to 115 m. Mineralization at the South Zone is a series
of stacked mineralized zones with larger low-grade envelopes and high-grade, structurally controlled
quartz-carbonate/chlorite veins. All samples contained anomalous gold to downhole depth of 115 m.
To view an enhanced version of this graphic, please visit:
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Progress Update and Next Steps
Initial results from the 2026 drill program demonstrate meaningful progress across several of the
Company's stated objectives, including the confirmation of historical mineralization, successful infill of
key zones, and the extension of gold mineralization both laterally and at depth. Drilling to date has
validated the presence of high-grade mineralization within the South Zone while also supporting the
continuity of stratigraphically controlled mineralization in the North Zone. These results are contributing to
an increasingly robust geological dataset and are being actively integrated into a developing 3D model,
refining the Company's understanding of structural controls and mineralization trends.
With this foundation in place, the ongoing drilling will continue to focus on step-out targeting along strike
and at depth, while systematically testing newly identified structural and geophysical targets. Ongoing
work will also prioritize further data density to support future resource modeling, as the Company
advances Mirado's broader growth potential.
To ensure rapid market communication and superior analytical precision, KLDC has made the strategic
decision to move forward with
Paragon Geochemical
to utilize
Chrysos PhotonAssay™
technology
for the 2026 program at KL South.
Unlike traditional fire assay, PhotonAssay™ uses high-energy X-rays to excite atomic nuclei, providing a
non-destructive, faster, and more environmentally friendly analysis of larger (~500 g) samples. This is
particularly critical for the Mirado property, where the presence of "nuggety" or coarse gold can lead to
grade variability in smaller samples. By utilizing this state-of-the-art technology, the Company expects to
significantly reduce turnaround times for drill results while improving the statistical reliability of high-grade
intercepts.
By operating in a Tier-1 mining jurisdiction with a focused exploration budget, Kirkland Lake Discoveries
Corp. is committed to advancing Mirado from a historical prospect into a modern, well-defined gold
asset in the Abitibi Greenstone Belt.
Video Footage
The latest episode of KLDC's Treasure Hunters series on YouTube follows the ongoing journey for
discovery in Kirkland Lake. Follow along with Senior Project Geologist Drake Hyden as he discusses
the core from our ongoing drill program at Mirado and features
video
of the core from this release.
Cannot view this video?
Visit:
https://www.youtube.com/watch?v=4o3YV-Pyuvw
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 metres of internal dilution (consecutive
material below cutoff) is included within reported composites. No top-cutting has been applied to high-
grade results.
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 Id
UTM
Easting
UTM
Northing
Azimuth
Inclination
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
Pending
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
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