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Kirkland Lake Discoveries Hits 121 m of Continuous Gold Mineralization at 1.01 g/t in 75 m Step-Out at Mirado; Eight Additional Holes Pending
Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) ("KLDC" or the "Company") is pleased to
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 23, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) (\"KLDC\" or the \"Company\") is pleased to announce assay results from its ongoing 2026 diamond drilling program at the past-producing Mirado property, located 20 km southeast of Kirkland Lake, Ontario. Highlights KLM26-002 1.01 g/t Au over 121 m from 11 m to 132 m, including: 4.61 g/t Au over 3.2 m from 15.2 m 3.63 g/t Au over 12.8 m from 69.7 m (including 7.41 g/t Au over 4.8 m from 74.2 m) 75-m step out from hole KLM26-001 Broad zone of continuous mineralization 732-m hole tests Induced Polarity (IP) anomaly Eight holes pending using Chrysos PhotonAssay™ for expedited results The second drill hole, targeting the South Zone at Mirado, stepped out 75 m southeast of KLM26-001 and confirms continuous mineralization with 1.01 g/t Au from 11.0 m to 132.0 m, including a high-grade interval of 7.41 g/t over 4.8 m from 74.2 m (see Figure 1). Eight additional drill holes have been completed with assays pending, representing a steady flow of near-term results (see Figure 2). Two holes test the north zone and eight holes test the southern extent of mineralization as well as the deep IP anomaly beneath the historical deposit. This hole follows up on KLM26-001/001B that intersected 103 m of continuous mineralization including 5.66 g/t over 18.7 m (see April 16 news release). Chief Executive Officer, Stefan Sklepowicz, commented, \"We are continuing to see broad mineralization within our second hole at the South Zone of Mirado. These results reinforce our geological model and show the robust nature of this system. Our team continues to execute this drill program with efficiency and we highly anticipate the results from the remaining eight holes.\" Executive Chairman, Denis Laviolette, commented, \"With highly anticipated results still coming, the assay histogram shows the story here. This is an extremely large, prolific system of widespread gold. This is a rarity in the Abitibi and with today's metal prices this presents a compelling reframing of the deposit scale and economic viability of this project.\" Figure 1 - Drill core from KLM26-002: A - From 61.26 m to 78.28 m broad mineralization including high-grade intervals within intermediate lapilli tuff. B - From 74.92 m to 75.16 m pyrite replacement in vein. C - At 130 m semi...