Kirkland Lake Discoveries: We Still Haven't Found the Edges of Mirado

Transcript-based desk brief

Kirkland Lake Discoveries said drilling at Mirado continues to hit gold in every hole so far, with the company now interpreting the system as an open orogenic gold deposit rather than a bounded resource. Key intercepts highlighted in the interview were 70 m of 1.22 g/t gold at Marado West, including 12 m above 5.5 g/t, and more than 11 m of 7.24 g/t gold from the Marado fault headline hole, suggesting higher-grade feeder zones beneath broader disseminated mineralization.

Management said the mineralized footprint has grown to more than 1.3 km and remains open, with the trend appearing to extend northwest based on geology, geophysics and till sampling. About 21 holes are pending; the most important near-term assays are the three holes along trend with hole 30 and the Marado West follow-ups, which should indicate whether the system continues to expand or is approaching its edge.