Kirkland Lake starts 25,000-metre drill program

Executive Summary

• Kirkland Lake Discoveries Corp. has commenced a fully funded 25,000-metre diamond drilling program in the Kirkland Lake region of Ontario, with the first rig active at the Winnie Lake stock (WLS) contact corridor and a second rig planned for January 2026.
• The company confirmed the presence of two coexisting mineralizing systems: a copper-rich massive sulphide (CRMS) system and an intrusion-related gold system (IRGS), which significantly enhances discovery potential for gold and polymetallic targets.
• The technical team was expanded with the appointment of Ben Cleland as VP of Exploration and Dr. Jean-Francois Montreuil as Technical Advisor, alongside the announcement of AGM results where all shareholder resolutions were approved.

Key Details

• Drilling Program: Fully financed 25,000-metre program; first rig commenced Nov. 21, 2025, at the WLS contact corridor; second rig anticipated in early 2026.
• Geological Systems: Confirmation of dual mineralizing systems (CRMS and IRGS) along the WLS Contact corridor, suggesting long-lived mineralizing events and potential for higher-grade/larger-tonnage zones.
• Target Areas & Strategy:
  • Wolverine Bend: Phase 2 drilling to determine orientation/depth of mineralized zone from hole KLD25-32 (5m interval), evaluate extensions into southern mafic volcanics, and test northwest-trending structures related to the Amikougami Lake shear zone.
  • Winnie West: Follow-up on Au-Ag-Cu-Bi quartz vein from hole KLD25-31 and MobileMT anomaly; focus on western extension of massive sulphide in mafic volcanics and quartz vein-hosted gold in syenites (0.035 g/t Au, 12.75 g/t Ag, 1395 ppm Cu, 1235 ppm Bi).
  • Nine Mile Area: Drill-testing a 1.5 sq km intrusion-related gold soil anomaly (Au-Bi-Cu-Mo-W) with coincident EM response and magnetic destruction.
• Management Appointments:
  • Ben Cleland, PGeo: Appointed VP of Exploration; granted 1,000,000 stock options at an exercise price of $0.40, exercisable for five years expiring Nov. 24, 2030.
  • Dr. Jean-Francois Montreuil, PGeo: Appointed Technical Advisor.
• AGM Results (Nov. 18, 2025): All resolutions approved, including setting board size at four directors, electing all nominees, appointing Crowe MacKay LLP as auditor, and approving the stock option plan. Votes cast represented 25.82% of issued and outstanding shares.
• Portfolio: 400-square-kilometre exploration portfolio in the Abitibi greenstone belt.

Notable Quotes

• "The start of this 25,000-metre drill program marks a transformational moment for Kirkland Lake Discoveries... With a strengthened technical team and a fully funded program, we are now positioned to drill with both confidence and purpose." — Stefan Sklepowicz, CEO