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Kirkland Lake Discoveries Announces Phase 1 Drilling Completion and Provides Exploration Update
TORONTO / Sep 07, 2023 / Business Wire / Kirkland Lake Discoveries Corp. (TSX-V - KLDC) (“Kirkland Lake Discoveries” or the “Company”) is pleased to announce th
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"TORONTO / Sep 07, 2023 / Business Wire / Kirkland Lake Discoveries Corp. (TSX-V - KLDC) (“Kirkland Lake Discoveries” or the “Company”) is pleased to announce that the Phase 1 drill program has been completed safely and efficiently at the Kirkland Lake Project. A total of nine drill holes (2,991m) were drilled on the Goodfish-Kirana property completing the first of three drill phases previously announced in the July 20, 2023 Press Release. Phase 1 drilling focused on regional targets along the east-west trending Kirana Deformation Zone defined by coincident intersecting northwest structures, IP chargeability anomalies, and known gold mineralization at shallow depths. Two holes were also completed on the Jo Zone to investigate recent high-grade assays in the hanging-wall, where drilling in 2021 reported 155 g/t Au over 0.75m and 72 g/t Au over 0.50m. Drill holes KLD23-08 and KLD23-09 were planned as significant down-dip step-outs to test the Jo Zone shear structure and previous high-grade intersections in the hanging-wall (Table 1). Both drill holes successfully intersected the primary shear zone. Assays are pending. Drill Hole No. Easting Northing Elevation (m) Azimuth Dip Total Depth (m) KLD23-01 574531 5339050 269 350 -60 129 KLD23-02 574337 5339047 333 45 -45 147 KLD23-03 574327 5338119 334 45 -50 351 KLD23-04 574419 5338223 327 225 -50 339 KLD23-05 574223 5337887 331 155 -60 204 KLD23-06 573390 5338094 331 180 -55 399 KLD23-07 373390 5338094 331 225 -50 285 KLD23-08 573722 5339190 333 190 -50 558 KLD23-09a 573722 5339190 333 200 -48 15 KLD23-09 573722 5339190 333 200 -55 564 Coordinates in UTM NAD83 Zone 17 T datum. 2,991 Table 1 - Phase 1 drill holes location, orientation, and total depth. \"This drill program was planned through a meticulous targeting exercise incorporating all the exploration tools deployed over the Goodfish-Kirana claim package over the last ten years. The Kirana Deformation Zone, a second-order structure of the Larder Lake Cadillac Deformation Zone, remains a target of high merit. Initial observations indicate the presence of sulphide mineralization, alteration, and shearing at the targeted intervals,” stated Danièle Spethmann, President and CEO of Kirkland Lake Discoveries. The last samples of the Phase 1 drill program will be submitted for analyses by early September with results expected mid-October. ...