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 121 m of Continuous Gold Mineralization at 1.01 g/t in 75 m Step-Out at Mirado; Eight Additional Holes Pending

Mirado Drilling Validates Acquisition Amidst Dilution Concerns

By The Northwire Desk — AI Analysis Apr 23, 2026 · 07:01 KLDC · 0.44 Kirkland Lake Discoveries Corp.
Executive Summary
  • Kirkland Lake Discoveries Corp. (KLDC) announced drill results from hole KLM26-002 at the Mirado property, intersecting 121 m of continuous gold mineralization at 1.01 g/t Au.
  • This result represents a 75-m step-out from hole KLM26-001 (announced April 16), which also returned 103 m @ 1.01 g/t Au, confirming the continuity of the South Zone mineralization.
  • Eight additional drill holes are pending assay results using Chrysos PhotonAssay™ technology for faster turnaround and reduced nugget effect.
  • The company continues its 25,000-m drill program across Mirado (KL South) and KL West properties, with a focus on validating historical high-grade zones and extending mineralization depth.
Material Impact
  • Confirmation of Acquisition Value: The April 23 results validate the strategic rationale behind the Mirado acquisition closed in March 2026. The asset is not a "dud" but shows robust, continuous mineralization as anticipated by management.
  • Incremental Nature: While positive, this news follows closely on the heels of the April 16 announcement (first hole results). It confirms expectations rather than introducing a new variable like a resource estimate or major financing.
  • Market Reaction: The stock rallied to $0.49 following the April 16 news but pulled back slightly to $0.44 by April 22, suggesting the market may have already priced in the drilling success or is taking profits ahead of further results.
  • Dilution Context: The Mirado acquisition involved issuing ~40.6 million shares (~19.9% of equity), a significant dilutive event that occurred in March. Current positive news must be weighed against this shareholder base expansion.
KLDC · Price
Company Overview
  • Flagship Project: Mirado (KL South) - Historic gold mine with inferred resource of 442,000 oz Au @ 1.29 g/t. Currently undergoing aggressive drilling to upgrade and expand the deposit.
  • Secondary Projects: KL West / Winnie Lake - Targeting intrusion-related gold and polymetallic systems (Cu-Zn-Au). Recent results show high-grade copper intercepts (up to 4% CuEq) and syenite-hosted mineralization.
  • Land Package: ~40,000 ha in the Kirkland Lake district, one of the largest consolidated blocks in the Abitibi greenstone belt.
  • Management: Stefan Sklepowicz (CEO), Denis Laviolette (Executive Chairman). Experienced team with focus on modern exploration technology.
Read the original news release →

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Jun 23, 2026 · 07:01

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