Kirkland Lake Discoveries Unveils Extensive Gold Mineralization at Jo Zone and Hargreaves

Kirkland Lake Discoveries (KLDC) has made significant strides in its exploration efforts at the Goodfish-Kirana property, with the recent completion of its Phase 3 (Fall 2024) drill program. The company intersected anomalous gold at both the Jo Zone and Hargreaves shaft, highlighting the immense potential of the district-scale land package. The fall 2024 drill program targeted the area around and at the Hargreaves historical shaft and drilled the Jo Zone footwall at the Jo Zone historical shaft.

At the Jo Zone, the drill program extended mineralization 100 meters down dip and confirmed the continuity of a high-grade trend and integrity of the geology model. The Jo Zone remains open to the west and at depth, with extensive gold mineralization across 37 meters throughout the drill hole independent of rock type. Notable intervals include 4.5 meters at 0.621 g/t Au, 13.66 meters at 0.287 g/t Au, 1.2 meters at 3.82 g/t Au, 5.6 meters at 0.894 g/t Au, 5.23 meters at 1.035 g/t Au, and 7.29 meters at 1.334 g/t Au.

The Hargreaves shaft area, located in close proximity to the Kirkland Lake Main Break, features a significant concentration of historical pits and trenches, a 100-meter deep shaft, positive surface sample results from 2024, and open-ended IP anomalies. Four drill holes were completed at the Hargreaves historical shaft area, with notable results including strong pervasive potassic-hematite alteration of syenite intercalated with Timiskaming conglomerate, similar to mineralization and alteration at Macassa and Young-Davidson Mines. Additionally, much of the syenite intersected in KLD24-23, between 27.5 and 162 meters downhole, contains anomalous gold values, aligning with an open-ended east-west IP anomaly.

Hole KLD24-26 intersected an anomalous gold system at the Hargreaves shaft, with silicification, bleaching, and pyrite mineralization in a gabbro revealing a previously untested gold zone in the Hargreaves vein footwall. This zone is also associated with an east-west open-ended IP anomaly.

Chief Executive Officer Stefan Sklepowicz commented on the findings, "The results from our Phase 3 drill program at the Jo Zone and Hargreaves shaft highlight the immense potential of our Goodfish-Kirana property. The extensive gold mineralization at the Jo Zone, independent of rock type, is particularly promising, while the newly identified gold zone in the Hargreaves footwall represents an exciting and untapped opportunity. These findings validate our exploration strategy and strengthen our commitment to unlocking the value of this district-scale land package."

As Kirkland Lake Discoveries continues to explore and develop the Goodfish-Kirana property, investors should keep a close eye on the company's progress. The extensive gold mineralization at the Jo Zone and the untapped potential at Hargreaves could significantly enhance the company's value and contribute to the broader mining industry.