Business
KLDC Expands Multi-Phase Gold System and Secures OJEP Funding
Toronto, Ontario--(Newsfile Corp. - March 30, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLD...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"KLDC Expands Multi-Phase Gold System and Secures OJEP FundingToronto, Ontario--(Newsfile Corp. - March 30, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) (\"KLDC\" or the \"Company\") is pleased to report that ongoing drilling and integrated multi-element geochemical vectoring have significantly expanded the footprint of a large-scale mineralized system at its KL West Project.Results continue to confirm the presence of a robust, multi-phase hydrothermal system associated with both Intrusion-Related Gold Systems (IRGS) and Volcanogenic Massive Sulphide (VMS) mineralization along the highly prospective Winnie Lake Stock (WLS) corridor (see Figure 1). The Company is now transitioning from identifying widespread mineralization to vectoring toward potential higher-grade core zones within this system.HighlightsSecured $215,000 in non-dilutive provincial funding through OJEPExpanding large-scale gold-bearing hydrothermal system at Winnie Lake. Clear evidence of multi-phase mineralization, with IRGS overprinting earlier VMS-style systemsUp to 74% of drill hole lengths returning strong IRGS vector signatures at Winnie LakeMultiple holes demonstrating >30-50% continuous extensive hydrothermal envelopeConsistent multi-element signatures (Au-Bi-Mo-Te ± W) across >5 km structural corridorIntense overlapping epidote-potassic-sodic alteration and silicification, confirming a strong and long-lived fluid systemDrill intercepts include: 0.87 m @ 3.20 g/t Au (KLD26-48; 261.55-262.42 m) 0.50 m @ 2.25 g/t Au + 0.10% Cu (KLD26-48; 259.67-260.17 m)Figure 1: KL West drilling completed to date. Drill hole collars represent assay status: black - previously released, green - newly received, and red - pending. Assay results show a robust hydrothermal system around the WLS that the Company is in the early stages of exploring. Continued integration of multi-element geochemical data may allow the Company to vector towards the source and potential high-grade core of this system.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5701/290402_1e47910fe4d46b4c_001full.jpgApproval of OJEP GrantThe Company has been awarded $215,000 under the Ontario Government's Ontario Junior Exploration Program (OJEP), covering 50% of eligible exploration costs incurred on the KL West and Winnie Lake Prop...