Northwire Canada EditionWednesday, August 26, 2026
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GOLD 4684.80 −0.2% SILVER 68.72 +0.1% COPPER 6.70 −1.7% OIL 80.23 −2.6% PALLADIUM 1337.25 −0.9% FFM 1.87 +0.0% VCT 0.065 +0.0% MLP 2.77 +0.4% BAU 0.210 −4.5% GTC 0.980 +0.0% FL 0.415 −1.2% NUAG 9.78 +4.0% VCU 1.33 +1.5% SHL 0.415 +5.1% SGO 0.215 +2.4% SYH 0.485 +7.8% SVRS 0.540 +0.0% SCD 0.205 −10.9% VIZ 0.245 +0.0% SBMI 0.140 +0.0% MJS 0.105 +5.0% GOLD 4684.80 −0.2% SILVER 68.72 +0.1% COPPER 6.70 −1.7% OIL 80.23 −2.6% PALLADIUM 1337.25 −0.9% FFM 1.87 +0.0% VCT 0.065 +0.0% MLP 2.77 +0.4% BAU 0.210 −4.5% GTC 0.980 +0.0% FL 0.415 −1.2% NUAG 9.78 +4.0% VCU 1.33 +1.5% SHL 0.415 +5.1% SGO 0.215 +2.4% SYH 0.485 +7.8% SVRS 0.540 +0.0% SCD 0.205 −10.9% VIZ 0.245 +0.0% SBMI 0.140 +0.0% MJS 0.105 +5.0%
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.

Aug 26, 2026 · 07:01

Kirkland Lake Discoveries reports moderate-grade width in Mirado step-out drilling with no high-grade repetition.

Drill Results Aug 19, 2026 · 07:01

Kirkland Lake Discoveries reports gold mineralisation in the Mirado step-out hole at 1.2 g/t over 15 metres at the Golden Mile deposit.

Drill Results Aug 18, 2026 · 07:01

Kirkland Lake Discoveries reports non-economic gold intercepts at KL West, providing pathfinder vectors for future exploration targeting.

Drill Results Jul 23, 2026 · 07:01

Kirkland Lake Discoveries expands Mirado with high-grade intersections at depth and in the northwest step-out, though true widths remain undisclosed.

Drill Results Jun 23, 2026 · 07:01

Kirkland Lake Discoveries extends the Mirado system with high-grade step-out intersections, though dilution and exploration risks remain.

Drill Results May 04, 2026 · 07:01

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

Drill Results