Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has reported new diamond drill assay results from four step-out holes at the Mirado West Zone on its 100%-owned KL South property in Kirkland Lake, Ontario. The headline intercept — 10.53 g/t Au over 9.20 m, including 31.93 g/t Au over 3.00 m — was returned from hole KLM26-048, which also delivered a deeper bulk-tonnage interval of 0.64 g/t Au over 68.00 m. The results expand the Mirado West Zone's mineralized footprint to over 1,100 m of strike length, with gold encountered from near surface to nearly 480 m downhole. Investors may be watching this release closely given the combination of high-grade and wide bulk-tonnage intercepts across multiple step-out holes.

Key Points

  • Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF)
  • Step-out hole KLM26-048 intersected 10.53 g/t Au over 9.20 m, including 31.93 g/t Au over 3.00 m, and a deeper interval of 0.64 g/t Au over 68.00 m at Mirado West
  • Mirado West mineralized footprint now extends over 1,100 m of strike length; gold extends to nearly 480 m downhole
  • Investors may watch for pending assay results from multiple additional holes listed in the company's drill program table

High-Grade and Bulk-Tonnage Intercepts Define KLM26-048

Hole KLM26-048 is the focal point of the announcement, delivering two distinct styles of gold mineralisation in a single drill hole. The upper intercept of 10.53 g/t Au over 9.20 m, which includes a 3.00 m core grading 31.93 g/t Au, is hosted within a fault pathway where chemically altered, bleached volcanic rock signals high-grade gold deposition. Roughly 94 m deeper, the same hole entered a 68.00 m interval averaging 0.64 g/t Au, with a 26.50 m central core grading 1.25 g/t Au containing seven individual vein systems ranging from 1.34 g/t Au to 12.35 g/t Au, according to the release.

Step-Out Holes Confirm Lateral Continuity Across Mirado West

Holes KLM26-050, KLM26-051, and KLM26-052 were drilled to test the lateral extent of the system. KLM26-051 returned near-surface intercepts of 4.03 g/t Au over 1.15 m and 2.91 g/t Au over 1.00 m, followed by three wide zones at depth ranging from 19.00 m to 26.00 m in thickness. KLM26-052 encountered gold starting at 7.50 m downhole, grading 0.29 g/t Au over 9.93 m, with additional deeper intervals of up to 26.58 m. The company states the mineralised system remains open in all directions, with the Mirado West Zone sitting immediately adjacent to the established Mirado South and Mirado North zones along the same structural trend.

Euroswiss Capital Appointed to Expand European Market Presence

Alongside the drill results, the company announced the appointment of Euroswiss Capital Partners Inc. as a strategic and financial partner focused on central European capital markets. Under a 12-month consulting services contract, Euroswiss will support brand recognition and investor communication in Europe. Kirkland Lake Discoveries will pay a fixed consulting fee of C$100,000. The release states that a principal of Euroswiss holds 285,500 shares of the company, and that the agreement was negotiated on an arm's-length basis. The company noted potential trading benefits for European investors through a cross-listing arrangement in Germany.