Kirkland Lake Discoveries Intersects 1.22 g/t Au over 69.5 m at New "Mirado West" Zone, Doubling Gold Footprint to over 1,300 m

NewsfileSep 2, 2026 · 3 days agoKLDC

Drill Intercepts ⛏

7/101.22 g/t AU · 69.5m

Analyst Takeaways

The 1.22 g/t Au over 69.5 m intercept represents average-grade mineralization with substantial thickness, suggesting a potentially mineable bulk-tonnage style deposit.
Discovery of the new 'Mirado West' zone has doubled the gold mineralization footprint to over 1,300 m, indicating significant expansion potential at the Mirado property.
Multiple broad intervals of gold mineralization across two holes suggest consistent geological controls and the possibility of a larger, contiguous mineralized system.
Mineralization and alteration patterns are consistent with the existing Mirado South Zone, reducing exploration risk and supporting the continuity thesis for resource expansion.
Early-stage regional testing has yielded immediate success, positioning KLDC for potential resource definition drilling and future reserve growth.

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Toronto, Ontario--(Newsfile Corp. - September 2, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) ("KLDC" or the "Company") is pleased to report the first two holes from the regional testing around the Mirado deposit. MZ target holes KLM26-035 and KLM26-037 successfully intersected multiple broad intervals of gold mineralization and high-grade gold. Mineralization and alteration of these holes are consistent with the Mirado South Zone and are interpreted to be contiguous with...

Frequently Asked Questions

Is 1.22 g/t Au considered high-grade?+

No, 1.22 g/t Au falls in the average-grade category (1–5 g/t range) and is typical of bulk-tonnage, open-pit style mineralization rather than high-grade underground deposits. The value lies in the 69.5 m thickness, which may support economic extraction.

What does 'doubling the gold footprint to 1,300 m' mean for investors?+

The expanded 1,300 m mineralization footprint suggests KLDC has doubled its strike length or aerial extent of gold-bearing rock at the Mirado property, which could translate to significantly larger resource tonnage if drilling confirms consistent grades.

Why is the similarity to Mirado South Zone important?+

Consistency in mineralization and alteration between Mirado West and Mirado South reduces exploration risk by confirming that the new zone is part of the same geological system, increasing confidence in resource continuity and the potential for a larger, integrated deposit.

What is the next step for KLDC after these results?+

The press release does not specify next steps, but typical follow-up would include resource definition drilling to delineate the Mirado West zone and calculate mineral resource estimates.

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Kirkland Lake Discoveries Intersects 1.22 g/t Au over 69.5 m at New "Mirado West" Zone, Doubling Gold Footprint to over 1,300 m

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