NEWS RELEASE
May 4, 2026
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May 4th KLDC reported 50.3m of continuous mineralization grading 39.35 g/t Au over 16.4m, including 1,670 g/t Au over 0.38m (Hole KLM-004) from its 2026 diamond drilling program on the South Zone of the Mirado property located 20km southeast of Kirkland Lake, Ontario.
Beyond the Headline
- May 4th KLDC reported 50.3m of continuous mineralization grading 39.35 g/t Au over 16.4m including 1,670 g/t Au over 0.38m (Hole KLM-004) from its 2026 diamond drilling program on the South Zone of the Mirado property located 20km southeast 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 4.61 g/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 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.
- 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/t Au 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 mineralized envelope along strike.
- Assays were reported uncut, but histograms of the assays along the drill holes in each press release clearly show that there are 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+ mineralized zone in the holes reported to date.
- This widespread background mineralization is key to outlining a successful bulk tonnage zone so that the scattered high-grade 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 other hand, the North Zone which also is being drill-tested, comprises semi-conformable, stratigraphically controlled sulphide mineralization within felsic volcaniclastics. Drill results thus far on the South Zone are confirming good bulk tonnage potential.”
- Results from the North Zone are pending.