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 Extends Mirado System: 120 m South Step-Out Hits 79.63 g/t Au over 2.1 m; 100 m West Step-Out Intersects 0.98 g/t Au over 62.3 m

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

By The Northwire Desk — AI Analysis Jun 23, 2026 · 07:01 KLDC · 0.33 Kirkland Lake Discoveries Corp.
Executive Summary
  • Kirkland Lake Discoveries Corp. (KLDC) released drill results from its 2026 diamond drilling program at the Mirado Project (KL South) on June 23, 2026.
  • Hole KLM26-010 intersected 79.63 g/t Au over 2.1 m (including 184.04 g/t Au over 0.8 m) approximately 120 m south of previously known mineralization.
  • Hole KLM26-011 intersected 0.98 g/t Au over 62.3 m (including 3.51 g/t Au over 9.8 m) approximately 100 m west of historical limits, extending the South Zone laterally and 130 m down-dip.
  • Hole KLM26-008 confirmed stacked, steeply dipping mineralized structures in the North Zone, with intervals up to 1.88 g/t Au over 5.1 m.
  • Geophysical integration (MobileMT, VLF, TMI) supports a broader structural-geophysical corridor model rather than isolated historical lenses.
  • A second diamond drill is now active, and regional prospecting teams have commenced testing high-priority structural and conductive targets.
  • Assays utilized Chrysos PhotonAssay™ technology for faster turnaround and reduced nugget effect, with a 0.2 g/t Au cutoff and no top-cutting applied.
Material Impact
  • The results are positive but incremental, fitting the expected progression of the company's 25,000 m exploration program. They validate the geological model of a broader, structurally controlled gold system but do not constitute a resource estimate or economic definition.
  • The step-outs (120 m south, 100 m west) are consistent with management's stated objective to expand the historical footprint. The market has already priced in the exploration upside through the stock's run from $0.04 to $0.64 over the past year.
  • No new financing, resource update, or regulatory milestone is attached to this release. The impact is therefore routine and expected, lacking the catalyst weight required for a material re-rating.
  • The reliance on PhotonAssay™ improves data reliability but does not change the fundamental exploration-stage risk profile. True widths are estimated at ~80% of core length, which is standard but leaves open the question of bulk tonnage potential.
KLDC · Price
Company Overview
  • Kirkland Lake Discoveries Corp. is an exploration-stage company focused on the Abitibi greenstone belt in Ontario, Canada.
  • Flagship assets include the Mirado Project (KL South) and the KL West property (Winnie Lake/Wolverine Bend).
  • Mirado: Historical inferred resource of 10.6 Mt at 1.29 g/t Au (~442 koz Au) from 2013. Limited drilling below 150 m and an untested IP anomaly suggest significant upside. The company acquired 100% interest in December 2025.
  • KL West: Targets intrusion-related gold and copper systems along a 17 km Winnie Pluton contact corridor. Early drilling has intersected massive sulphides, potassic-hematite alteration, and elevated bismuth/te tellurium signatures.
  • Land package: Over 400 km² of consolidated claims, providing extensive exploration optionality in a prolific gold camp.
Read the original news release →

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Aug 26, 2026 · 07:01

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