TSX-V: KLDC OTC: KLKLF
KL WEST SIDE
Goodfish-Kirana Project
Exploration and mining work dates back to the early 1900s when high-grade gold was first discovered on the Goodfish-Kirana property by trenching efforts and exploration and shafts. The Kirana Kirkland Mine, last worked in the late 1930s, included grades of between 30 g/t and 145 g/t gold. The Goodfish patents are host to two mine shafts (1930s) that were developed to 300 and 600 ft respectively with a total of 1000 ft of lateral workings. The Northern Miner reported in 1938 that a half rail car of ore grading 1.25 oz/ton was mined from the Goodfish underground working and taken to Cobalt for processing.
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Exploration was conducted intermittently by a variety of companies over localized parts of the property from the 1930s until 2008. This included prospecting, ground geophysics (magnetics, Induced Polarization, and VLF/EM), airborne geophysical surveys, and approximately 30,000 m of diamond drilling. Significant historical drill intersections include 12.65 m @ 16.97 g/t Au in hole GF90-04; 0.61 m @ 234 g/t Au in hole ML96-3; and 0.61 m @ 99.42 g/t Au in 1941 hole #2.
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The Goodfish-Kirana project area covers a portion of the prospective contact between the Blake River Group and the overlying clastic sediments of the Timiskaming Group and it is the companies closest land package to the LLCDZ. The Blake River mafic volcanic stratigraphy is folded and crosscut by three regional-scale deformation zones: the Kirana Deformation Zone (KDZ), a 30 m wide gold-bearing shear zone; the westward projection of the Victoria Creek Deformation Zone (VCDZ) which is the controlling structure at the Upper Beaver Deposit and the Kirkland Lake Main Break. All these structural deformation zones represent second and third-order splays from the LLCDZ and represent prime targets for KLDC’s exploration efforts.
Detailed Goodfish-Kirana Property
GOLD MODEL - Exploration is targeting shear-hosted lode gold.
KIRANA BREAK - a 2nd Order Mineralized Structure to the Larder Lake-Cadillac Deformation Zone. Gold occurs in the 2nd and 3rd order structures, in faults and in damage zones. (Modified from Frieman & Kuiper, 2019)
MINERALIZATION - Goodfish-Kirana Property
To date, gold mineralization has been discovered in the following structural settings: ​
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2nd order, E-W trending shear zones like the KDZ that hosts the former underground developed Fidelity, Deloye, Chorzepa and Mallard gold mines.
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3rd order northeast-southwest trending shear zones that host the former underground developed Jo and Mel Zones (formerly A and C Zones)
Gold mineralization in the above settings is commonly located within flow top breccia’s between mafic volcanic flows and associated with quartz feldspar intrusive activity. Shear zones commonly host intense Fe-carbonate, sericite and silica alteration, multiple generations of shear quartz-carbonate ± pyrite veins and multi-phase quartz-pyrite breccias. Shear zones are commonly developed along key lithological contacts and where those contacts change orientation or are dilated by other intersecting structures.
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Diamond drill hole GK19-022 from 246.94 m to 263.65m downhole (Jo Zone) illustrating intense deformation and alteration.
Iron-carbonate, sericite, silicification, albitization and quartz-carbonate veining of the Jo Zone in hole GK19-022.
KLDC continues to use the most advanced exploration tools and methodology to improve the understanding of gold mineralizing systems on the Goodfish-Kirana land package through geophysics, geological and structural interpretation and geochemistry to vector the company to those targets of the highest merit and chance of success.
KLW Property
271 claims – 14,956 ha
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The KLW land package is located 10 km northwest of the town of Kirkland Lake and is contiguous to the Goodfish-Kirana group of claims. The property is hosted within the mafic-volcanic dominated Blake River Group and hosts numerous northwest and north trending faults and deformation zones. This together with felsic and mafic-ultramafic intrusive rocks gives the KLW land package a variety of environments conducive to orogenic gold mineralization. ​​
The property has never previously been consolidated and therefore has seen very little systematic exploration. Historical work by prospectors in different areas throughout the property includes numerous pits and trenches at base and precious metal showings. The most recent work on the property by KLDC includes a heli-borne high-resolution airborne magnetic and LiDAR survey. A first phase prospecting and mapping program was also completed during the summer and fall of 2022. Results from this boots-on-the-ground program returned a grab sample assaying 34.7 g/t Au from a shear hosted quartz vein on the western side of the KLW land package. Five additional grab samples from this area returned anomalous gold values ranging from 1.35 g/t Au to 21.6 g/t Au.
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KL Bridge
​49 claims – 1,481 ha
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The KL Bridge claim group was staked in the fall of 2022 to connect KLDC’s KLW and KLC land packages. This bridge of claims allows the company to pass assessment credits from anywhere work is completed on the Company’s property facilitating property administration.
DRILLING
After consolidating the Goodfish-Kirana property land package (4,368 ha) and compiling previous work, Warrior Gold (now KLDC) conducted a series of geophysical surveys (LiDAR, airborne magnetic/VLF EM, ground IP and ground magnetics) to highlight structural corridors in areas of historical mineralization. Targeting work identified more than 19 prospective areas. Exploration is currently focused on the Goodfish patents, targeting the Jo Zone (formerly A Zone) and the Mel Zone (formerly C Zone). Since 2018, Warrior Gold (now KLDC) has drilled 13,731 m (60 diamond drill holes) in six drilling campaigns and intersected anomalous or high-grade gold in nearly 88% of the holes drilled. Details on these drill programs below.
The 10,000-m drill program is divided into three phases:
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PHASE 1 (KL WEST)
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Nine drillholes (2,991 m)
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Goodfish-Kirana property, KL West
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Completed September 2023 (see News Release).
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Results and highlights: News Release​
PHASE 2 (KL EAST)
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Thirteen drillholes (3,376 m) at six targets
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Hurricane Intrusive Zone, KL East
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Completed March 2024 (see News Release).
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Results and highlights in News Release.
PHASE 3
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Will follow up on Phase 1 and 2 drilling and those targets of merit generated by the 2024 field season
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Approximately 3,000 m
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Work during the summer/fall 2022 field program comprised mapping and collecting 239 grab samples across the KLW and KLC claim groups over 45 field days by a two-person team.
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Several grab samples returned significant high-grade Cu-Ag-Au assays within a 1,400 m2 outcrop area. In addition, the data from the airborne surveys (LiDAR/airborne magnetics news release on September 8, 2022) was processed and interpreted.
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​Program Highlights:
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Grab samples of 6.61% Cu, 47.9 g/t Ag and 2.24 g/t Au;
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Samples are also anomalous in Bi (bismuth), Mo (molybdenum) and Te (tellurium), and associated magnetite, pyrite, epidote, hematite and calcite alteration minerals;
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Mineralization occurs in stockwork quartz-carbonate veinlets and fractures hosted in mafic volcanics;
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Airborne magnetic and LiDAR survey results and LiDAR maps identify many previously unrecognized structural features be explored for mineralization increasing the prospectivity of the Company’s district-scale land package (250 km2).
The program focused on the Jo Zone (Formerly A zone) (8 drill holes, 2,838 m) with the objective to drill-test the extension of the Jo Zone at depth and along strike.
Program Highlights:
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Drilling on the west side of the Jo Zone has extended mineralization 100 metres 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.
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Drill holes GK21-049 and GK21-050 intersected high-grade gold in addition to visible gold in the quartz veins immediately to the north of the Jo Zone in the hanging wall of the structure.
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The program focused on the Jo Zone (11 drill holes, 2,866 m) and Mel Zone (Formerly C zone) (one hole, 180 m), for a total of 12 diamond drill holes and a 40-metre extension to GK20-032 (totalling 3,066 m).
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Program Highlights:
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The continued intersection of significant gold in the Jo Zone and Mel Zone
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Jo Zone structure was extended an additional 300 m for a total strike length of 650 m
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Mineralization at Jo Zone remains open at depth
Program Highlights:
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Nine-hole diamond drilling program (2,895 m) including seven drill holes at the Jo Zone (2,448 m), two drill holes at the Mel Zone (447 m).
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Mineralization at the Jo Zone has been extended 50 m to the east, 100 m to the west, and 100 m down-dip confirming the continuity of the geological structure and the integrity of the geological model. The zone remains open in all directions.
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GK20-028 intersected new high-grade, north-south trending quartz-carbonate veining that returned 6.7 g/t Au over 7.4 m (within 1.22 g/t Au over 74 m, with visible gold (“VG”)); Jo Zone NS-FW.
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New orientation for the Mel Zone mineralization confirmed.
Gold was intersected in nine of ten drill holes, expanding the extent of known gold mineralization. In addition, new high-grade intervals south of the Jo Zone have been discovered. Selected highlighted assay results from the Fall 2019 drill program are provided in the press release
Program Highlights:
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Jo Zone diamond drilling program of 10 drill holes (2,106 m) at Goodfish-Kirana project.
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Mineralized zone has been extended 100 m to the east, extended 50 m to the west and remains open in both directions and at depth.
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Drilling intersected new high grades in a subparallel shear zone in the footwall at shallow depth.
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Continuity of geological structure and model confirmed.
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Gold was intersected in nine of ten drill holes, expanding the extent of known gold mineralization. In addition, new high-grade intervals south of the Jo Zone have been discovered. Selected highlighted assay results from the Fall 2019 drill program are provided in the table below.
Program Highlights:
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Diamond drilling program of 15 drill holes (2,218 m) at the Jo and Mel Zones.
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Numerous significant gold assays obtained.
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Repetition of historical high-grade assays achieved.
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Confirmation of geological model.
The drilling program was designed to validate the historic drill results, to gain an understanding of the mineralization controls as well as to test strike length and the depth of mineralization.
Program Highlights:
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Diamond drilling program of 5 holes (610 m).
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All holes intersected mineralization which is, in general, structurally associated with the contacts of Quartz Feldspar Porphyry dikes that are sheared. For the most part, the mineralization is associated with pyrite which is indicated by IP anomalies.
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The Goodfish Jo Zone/ Goodfish 1934 Mine returned the most interesting values of 1.20 g/t Au over 10.53 m in a halo of 0.87 g/t Au over 16.0 m.
The structurally orientated drilling program was designed to test three of the four structural zones identified by previous work. These holes were designed to verify and interpret the structure, lithology and pathfinder elements of the former gold-bearing zones on the Goodfish property