KIRKLAND LAKE DISCOVERIES
Ontario, Canada
Kirkland Lake Discoveries Corp: Geological Background
Kirkland Lake Discoveries (KLDC · TSX-V) · Ontario, Canada
KLDC holds 42,000+ ha in an established brownfields camp in Ontario, a Tier-1 mining-friendly jurisdiction.
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
- KLDC holds 42,000+ ha in established brownfields camp
- Ontario is a Tier-1 mining friendly jurisdiction
- KL South: 442koz @ 1.29 g/t (Inf.) historical resource at Mirado
- Multiple signatures of mineralization: IRGS, orogenic & VMStargets
- Historical gold production in Kirkland Lake Camp is over 47 millionounces
- Excellent access & infrastructure
KLDC – Recent News
- May 4th KLDC reported 50.3m of continuous mineralization grading 39.35 g/t Au over 16.4m including 1,670 g/t Au over0.38m (Hole KLM-004) from its 2026 diamond drilling program on the South Zone of the Mirado property located 20kmsoutheast of Kirkland Lake, Ontario.
- This hole was 40m southeast of Hole KLM26-002 which intersected 1.01 g/t Au over 121m from 11m to 132m including 4.61g/t Au over 3.2 m from 15.2 m and 3.63 g/t Au over 12.8 m from 69.7 m.
- First hole KLM26-001, 75m northwest of KLM26-002, reported on April 16, 2026 intersected 103 m of continuous goldmineralization 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.
- Hole KLM26-003, positioned between holes KLM26-001 and KLM26-002, returned 0.87 g/t Au over 27 m from 13 m, 0.26 g/tAu over 16 m from 81.5 m, and 0.25 g/t Au over 32.9 m from 112.6 m further supporting continuity of the mineralizedenvelope along strike.
- Assays were reported uncut but histograms of the assays along the drill holes in each press release clearly show that thereare extensive background gold values in the order of 0.5 g/t Au to 1.0 g/t Au across much of the entire 100m+ mineralizedzone in the holes reported to date.
- This widespread background mineralization is key to outlining a successful bulk tonnage zone so that the scattered highgrade values are sweeteners not the only source of grade.
- Denis Laviolette, KLDC Executive Chairman noted that: “There is an extremely broad and prolific system at Mirado which may have historically been missed. The South Zone is defined by high-grade, structurally controlled gold mineralization hosted in quartz–carbonate/chlorite vein arrays within lower grade envelopes. On the otherhand, the North Zone which also is being drill tested comprises semi-conformable, stratigraphically controlled sulphide mineralizationwithin felsic volcaniclastics. Drill results thus far on the South Zone are confirming good bulk tonnage potential.”
- Results from the North Zone are pending.
Figure 1
Source: Kirkland Lake Discoveries
NEWS RELEASES
Click any release to read Bill's geological analysis:
Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.