Kirkland Lake Discoveries identifies extensive gold mineralization at Jo zone

Kirkland Lake Discoveries (TSXV: KLDC) has identified extensive gold mineralization now that it has completed its phase 3 (fall 2024) drill program at the Hargreaves shaft and the Jo zone on the Goodfish-Kirana claim group. Drilling teams completed a total of five diamond drill holes aggregating at 1,187 metres. The properties are located near the town of Kirkland Lake in northeastern Ontario.  The company’s share value was 0.045 as of today.

The gold producer announced it had intersected anomalous gold at both the Jo Zone and Hargreaves shaft with highlights including: Jo zone (KLD24-27): Extensive gold mineralization across 37 metres throughout the drill hole independent of rock type, including intervals of 4.5 metres at 0.621 g/t gold, 13.66 metres at 0.287 g/t gold, 1.2 metres at 3.82 g/t gold, 5.6 metres at 0.894 g/t gold, 5.23 metres at 1.035 g/t gold and 7.29 metres at 1.334 g/t gold.

Kirkland Lake Discoveries also highlighted significant discoveries at Hargreaves (KLD24-23, KLD24-24): Strong pervasive potassic-hematite alteration of syenite intercalated with Timiskaming conglomerate, like mineralization and alteration at Macassa and Young-Davidson Mines.

Stefan Sklepowicz, CEO of the company, commented, "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."

Kirkland Lake Discoveries has recently consolidated a district-scale, highly prospective land package in the Kirkland Lake Gold camp in Northern Ontario. The properties are situated within the Abitibi Greenstone Belt, one of the world's most richly endowed greenstone belts, with over two hundred million ounces of gold produced to date.

The company has assembled all these properties, grouping them into two key areas: KL East, which includes the Lucky Strike property, Arnold property, and KL Central, and KL West, which encompasses the Goodfish-Kirana and the KL West properties. KLDC's land position spans approximately 38,000 ha over 1,338 claims and twenty-nine patented claims, making Kirkland Lake Discoveries the largest landholder in the Kirkland Lake region.

The gold mining industry has come to define the town of Kirkland Lake. Chief Ignace Tonené of the Temagami First Nation recorded the first gold occurrence in the late 1800s.

More information on Kirkland Lake Discoveries and this project is posted on https://www.KirklandLakeDiscoveries.com.