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Kirkland Lake Discoveries Receives Final Products of the High-Resolution Geophysics Survey and Provides Operational Update
TORONTO / Jul 13, 2023 / Business Wire / Kirkland Lake Discoveries Corp. (TSX-V - KLDC) (“KLDC or the “Company”) is pleased to announce that the Company has rec
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"TORONTO / Jul 13, 2023 / Business Wire / Kirkland Lake Discoveries Corp. (TSX-V - KLDC) (“KLDC or the “Company”) is pleased to announce that the Company has received the final products and maps from the high-resolution heliborne magnetic, VLF-EM, and radiometric survey completed in June (see press release dated June 22, 2023) over the Company’s Lucky Strike property. The total coverage of the survey block amounted to 2,104.5-line kilometres and was completed by ALS GoldSpot. Through proprietary software and internally developed tools, ALS GoldSpot will provide in-depth interpretation of the collected geophysical data, which will aid in vectoring future exploration efforts to those areas and targets of high merit. Mapping crews have been mobilized to the Lucky Strike property to investigate several newly identified zones of structural complexity and prominent magnetic features. Agnico Eagle’s Upper Beaver deposit, located 2.5 km to the southwest of the Lucky Strike property, is associated with a high magnetic response attributed to strong magnetite-alteration in association with gold mineralization. This association has large implications for the prospectivity of strongly magnetic features on the Lucky Strike property. The fire ban for the Kirkland Lake Region has been lifted, and the exploration team, in conjunction with Forage FTE Drilling, has determined that conditions now exist for safe drilling operations. Mobilization of a drill rig to site is expected by July 17. QP Statement Danièle Spethmann, P.Geo., President and CEO and a Director of the Company, is a Qualified Person as defined by NI 43-101. Ms. Spethmann has reviewed the technical information in this news release and approves the written disclosure contained herein. About Kirkland Lake Discoveries Corp. Kirkland Lake Discoveries Corp. is a TSX Venture Exchange listed company that has recently consolidated a district-scale and highly prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada. The properties are hosted in the Abitibi Greenstone Belt, one of the world’s best-endowed greenstone belts, with 200+ million ounces of gold produced to date.1 The properties are host to regional and property-scale mineralized structures that are considered second-order structures off the Larder Lake Cadillac Deformation Zone (LLCDZ), the regional structure in th...