Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

KLDC Hits 50.3 m of Continuous Mineralization with 39.35 g/t Au over 16.4 m, Including 1,670 g/t Au over 0.38 m in 40 m Step-Out at Mirado; Six Additional Holes Pending

Mirado Drilling Confirms High-Grade Continuity as Stock Consolidates After April Rally

By The Northwire Desk — AI Analysis May 04, 2026 · 07:01 KLDC · 0.49 Kirkland Lake Discoveries Corp.
Executive Summary
  • On May 4, 2026, KLDC announced drill results from hole KLM26-004 at the Mirado property.
  • The hole intersected 39.35 g/t Au over 16.4 m (from 53.6 m to 70 m), including a high-grade interval of 1,670 g/t Au over 0.38 m.
  • A second interval of 2.22 g/t Au over 26.1 m was also reported from the same hole.
  • The company states this confirms lateral continuity and identifies high-grade shoots bridging previously separated zones in the South Zone.
  • Drilling is temporarily paused due to spring melt; operations with two rigs expected to resume soon.
  • Six additional holes are pending results using Chrysos PhotonAssay™ technology.
Material Impact
  • The news confirms the geological model established by previous April 2026 drill releases (April 16 and April 23).
  • While the grade (39.35 g/t over 16.4 m) is significantly higher than the average of the previous hole (1.01 g/t over 121 m), it represents a continuation of an already successful program rather than a new discovery.
  • The stock price has already rallied approximately 200% from March lows ($0.17) to April highs ($0.55) in anticipation and reaction to the initial Mirado results.
  • As such, this release is viewed as Routine - Positive; it sustains momentum but does not fundamentally alter the investment thesis beyond what was priced in during the April run-up.
  • The narrow high-grade intercept (1,670 g/t over 0.38 m) requires caution regarding nugget effect, though Chrysos technology is cited to mitigate this.
KLDC · Price
Company Overview
  • Company: Kirkland Lake Discoveries Corp. (TSXV: KLDC).
  • Strategy: Leveraging modern technology in historic camps to unlock overlooked value; acquiring undervalued assets.
  • Flagship Project: Mirado Gold Project (acquired March 2026) and KL West/Winnie Intrusion projects.
  • Land Package: ~42,000 ha in the Kirkland Lake Camp, Abitibi Greenstone Belt.
  • Asset Status: Exploration stage; no production or reserves declared yet. Historical resource exists at Mirado (10.6 Mt @ 1.29 g/t Au).
Read the original news release →

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Jun 23, 2026 · 07:01

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KLDC advances Mirado drill program as acquisition closes, signaling district-scale upside

Drill Results