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Kirkland Lake Discoveries – 600-meter Step-Out Hole Makes A New Gold Discovery At Mirado West

The KE Report Sep 8, 2026 14:44

Summary

KLDC stepped out more than 600 m west of the Mirado South zone and hit broad near-surface gold, renaming the MZ target to Mirado West.

Hole KLM26-037 returned 1.22 g/t gold over 69.50 m, extending the east-west mineralized footprint at Mirado to over 1,300 m.

The CEO frames Mirado as a contiguous system pairing narrow high-grade feeder veins with broader bulk-tonnage zones well suited to open-pit mining.

Nineteen drill holes are still pending — nine from Mirado North and South, four from Mirado West, and six regional targets — with step-out drilling continuing.

Early-stage drilling at KL West shows a strong intrusive-related gold system based on molybdenum, tungsten, and bismuth pathfinder signatures.

Key points on Kirkland Lake Discoveries Corp

  • The CEO highlights a new Mirado West discovery from a roughly 600-meter step-out announced September 2: headline hole of 1.22 g/t gold over ~70 meters, extending the east-west mineralization footprint to over 1,300 meters and effectively doubling the project's mineralized extent.
  • KLDC has completed more than 26,000 meters of drilling at KL South this season, with every drill hole hitting gold — including hole 4 at 39 g/t over 16 meters, hole 10 at 2 meters of 79 g/t, and hole 19 at 0.5 g/t over 91 meters — and combines narrow high-grade feeder veins with broad near-surface disseminated mineralization.
  • Mirado hosts two distinct zones: a steeply-dipping, stratigraphically-bound north zone compared to 'books on a shelf,' and a south zone defined by folding and compression with fold-nose geometry that is favorable for high-grade feeders and lateral blowouts.
  • KLDC plans to work with SRK — which authored the 2013 historical resource — on an updated study, with one near-term goal being to raise the current 30 g/t cap so bonanza-grade material like hole 4's 1,670 g/t intercept can be incorporated at a higher confidence level.
  • Beyond Mirado, the pipeline includes KL West (early-stage intrusive-related target with elevated molybdenum, tungsten and bismuth), Gold Hill (shear-hosted quartz vein, undrilled for 60+ years, gated by hunting-season access through November) and Bank (grab samples with 30%+ pyrite and a historic 4 g/t over 30 meters); a baseline environmental study is targeted for completion in summer 2026.

Shad Markowitz's takeaways

  • Top takeaway The host frames the September 2 Mirado West step-out (~500 meters, 1.22 g/t over ~70 meters) as the key news because it roughly doubled the mineralization footprint, and pushes the CEO on what lies in the gap between the new zone and the existing drilling.
  • He argues that bulk-tonnage ~1 g/t intercepts are economically important alongside the high-grade hits, because the disseminated near-surface material can extend mine life while the high-grade feeders accelerate payback of mine infrastructure.