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Kirkland Lake Discoveries Signs Definitive Agreement to Acquire the Mirado Project with Historical Gold Inferred Resource of 10.6 Mt at 1.29 g/t for 442,000 oz
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce that it has entered into a definitive agreement dated December 16, 2025 (the "Purchase Agreement") with Orecap Invest Corp. ("Orecap") providing for the acquisition of the Mirado Gold Project, a 2,500-hectare property hosting an inferred historical resource of 10.6 Mt at 1.29 g/t for ~442,000 oz Au with strong opportunities for near-resource expansion and regional discovery.","length":577,"tagName":"p"},{"type":"text","content":"Transaction Highlights","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"~442,000 oz of historical ounces added to the KLDC portfolio (10.6 Mt @ 1.29 g/t inferred)","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Very limited exploration below 150 m at past-producing Mirado Mine","length":66,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Untested IP anomaly suggests potential of mineralization at depth","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"High-grade historical surface samples highlight regional exploration upside","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"All-share transaction preserves capital for continued exploration at KL West","length":76,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":372,"olType":false},{"type":"text","content":"Located approximately 15 km south of the Company's flagship claim package (Figure 1), the Mirado acquisition enhances the Company's exploration pipeline while maintaining full commitment to advancing its high-priority targets within its core land position.","length":264,"tagName":"p"},{"type":"text","content":""In a market with gold trading near all-time highs, this transaction provides meaningful strategic optionality for our shareholders without distracting from our primary focus. Mirado represents a potential starter-scale asset and a district-scale exploration opportunity, while preserving our ability to aggressively pursue new discoveries at KL West, where a second drill rig has recently been mobilized," stated Stefan Sklepowicz, CEO of Kirkland Lake Discoveries.","length":47...