Northwire Canada EditionSaturday, November 7, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Kirkland Lake Discoveries Intersects 2.46 g/t Au Over 14.7 m in New Fault Zone; 180 m Step-Out Expands Mirado South Mineralization

Mirado Expansion Validates Acquisition Thesis as KLDC Consolidates Gains

By The Northwire Desk — AI Analysis May 25, 2026 · 07:01 KLDC · 0.485 Kirkland Lake Discoveries Corp.
Executive Summary
  • Kirkland Lake Discoveries Corp. announced drill results from its 2026 diamond drilling program at the Mirado property on May 25, 2026.
  • Key intercepts include 2.46 g/t Au over 14.7 m in a new fault zone and visible gold observed in hole KLM26-010.
  • The results represent an 180 m step-out from historical resource limits, validating the updated geological model for the South Zone.
  • The drilling program has been expanded to 30,000 meters total due to cost efficiencies ($200/m all-in) achieved during the winter program.
  • Assays were completed using Chrysos PhotonAssay™ technology at Paragon Geochemical to mitigate the nugget effect and improve precision.
Material Impact
  • The news is consistent with the progression of the Mirado acquisition narrative established in March 2026, where the company secured a 100% interest for ~19.9% equity dilution.
  • While positive, this release falls under Routine - Positive as it confirms expectations set by previous drill results (April and May 4 releases) rather than introducing a fundamentally new resource category or economic study.
  • The market has already priced in the Mirado acquisition and drilling program success, evidenced by the stock price rally from $0.18 in April to over $0.60 in May 2026.
  • No material change to the company's financial position is disclosed; capital remains funded for exploration without immediate need for additional equity raises.
KLDC · Price
Company Overview
  • Company Strategy: Leveraging modern technology in historic camps (Kirkland Lake) to unlock overlooked value through acquisition and efficient exploration.
  • Flagship Project: Mirado Gold Project (KL South). Acquired fully in March 2026, featuring historical inferred resources of ~442,000 oz Au at 1.29 g/t.
  • Secondary Projects: KL West/Winnie Lake (polymetallic copper-gold system), KL East, and Horne/Laronde/Upper Beaver (untargeted historic assets).
  • Land Package: Approximately 400 km² consolidated block in the Abitibi Greenstone Belt, including the entire 17-km Winnie Pluton contact zone.
Read the original news release →

More from Kirkland Lake Discoveries Corp.

Nov 03, 2026 · 07:01

Kirkland Lake Discoveries reports 3 m of 31.9 g/t within a 9.2 m interval and a 68 m halo averaging 0.64 g/t.

Drill Results Oct 20, 2026 · 07:01

Kirkland Lake Discoveries reports high-grade West step-out intersections offset by three barren North holes at its project.

Drill Results Oct 08, 2026 · 09:12

Kirkland Lake Discoveries closes a $20 million upsized financing to fund drilling at its Mirado project.

Financings Sep 22, 2026 · 09:15

Kirkland Lake Discoveries upsized its $17.3m financing to fund Mirado and KL West drilling through 2027.

Financings Sep 17, 2026 · 16:33

Kirkland Lake Discoveries raised $15 million to fund drilling at its Mirado and KL West projects.

Financings Sep 09, 2026 · 07:01

Kirkland Lake Discoveries identified a narrow, high-grade step-out on the Deep Mirado Fault, though the single-hole intercept likely remains priced into the stock.

Drill Results