Kirkland Lake Discoveries Corp. (TSX-V - KLDC) (“KLDC or the
“Company”) is pleased to announce the engagement of ALS GoldSpot
Discoveries Ltd. (“GoldSpot”) and the initiation of a
high-resolution Multi-Parameter Airborne Survey System (“M-PASS”)
survey over the newly acquired Lucky Strike property in Kirkland
Lake, Ontario, Canada. The results of this state-of-the-art survey
will leverage advanced artificial intelligence (AI) to analyze,
process and extract insights from the acquired airborne geophysical
data.
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Figure 1. KLDC’s newly consolidated land
package with producing, past-producing and gold mines in
development in the Kirkland Lake District (Graphic: Business
Wire)
"With the acquisition of the Lucky Strike property from New
Found Gold and the initiation of this high resolution survey over
this ground with the well regarded team at GoldSpot, we are
embarking on an exhilarating new chapter for our Company," stated
Danièle Spethmann, President and CEO, who added, “We look forward
to marrying the results of this data with boots-on-the-ground field
work which will advance our understanding of the geology and
mineralization on the Lucky Strike property, to ultimately better
define and refine our drill targets. The exploration team is
mobilizing to the field for a targeting and planning session next
week."
The airborne survey will cover an area of 115 km2 and will be
flown at 50 metre and/or 100 metre line spacing on a north south
grid. Final line kilometre spacing will be determined in flight and
the total line kilometres flown will range between 1,450 km and
~2,800 km.
The resulting comprehensive data package, custom-designed for
this survey, will fuel GoldSpot's proprietary AI processing.
Leveraging the immense power of machine learning, the AI system
will identify patterns and anomalies within the data, potentially
uncovering favourable structures and mineralizing systems with an
unparalleled level of accuracy and efficiency.
Shawn Hood, General Manager at ALS GoldSpot Discoveries, shared
his enthusiasm, "Our AI technology is primed to process the
multiphysics data, transforming it into actionable insights. This
partnership not only demonstrates our shared commitment to
exploration excellence but also our dedication to embracing digital
transformation within the industry."
The initiation of this survey highlights KLDC’s new trajectory
and emphasizes the crucial role that technological advancements
will play in the future of mineral exploration in Kirkland Lake.
With AI technology leading the way, this endeavor seeks to minimize
environmental impact, enhance exploration efficiency, and maximize
potential benefits for stakeholders.
In addition to this high resolution airborne geophysical survey,
fieldwork consisting of prospecting, geological mapping, and
sampling has also been initiated. This work is following up on the
high-resolution magnetics, VLF, and LiDAR data collected last year
by GoldSpot on the western portion of the property (Figure 2).
QP Statement
The technical information contained in this news release has
been approved by Mike Kilbourne, P.Geo. who is a Qualified Person
as defined in National Instrument 43-101, Standards of Disclosure
for Mineral Projects.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. (KLDC) is a TSX Venture Exchange
listed company that has recently consolidated a district-scale and
highly prospective land package in the Kirkland Lake Gold Camp in
Ontario, Canada. The properties are hosted in the Abitibi
Greenstone Belt, one of the world’s best-endowed greenstone belts,
with 200+ million ounces of gold produced to date.1 The properties
are host to regional and property-scale mineralized structures that
are considered second-order structures off the Larder Lake Cadillac
Deformation Zone (LLCDZ), the regional structure in the belt known
to be spatially associated with the gold mines hosted in the
camp.
The properties assembled include the 100%-owned Lucky Strike
Property, Goodfish-Kirana, the Arnold property, and the optioned KL
West (KLW) and KL Central (KLC) properties. The KLDC land position
comprises approximately 38,000 ha, over 1,338 claims and 29
patented claims and ranks the Company as the largest landholder in
the Kirkland Lake region.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed Transaction and has neither approved nor
disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “projected”, “estimated” and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Company’s current belief or
assumptions as to the outcome and timing of such future events.
Actual future results may differ materially. Various assumptions or
factors are typically applied in drawing conclusions or making the
forecasts or projections set out in forward-looking information.
Those assumptions and factors are based on information currently
available to the Company.
The forward-looking information contained in this release is
made as of the date hereof, and the Company is not obligated to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
_________________________ 1 2020 Mineral Production in Canada,
Government of Canada, Minerals and Metals Statistics Division,
2022-03-10,
https://mmsd.nrcan-rncan.gc.ca/PDF/MIS2020TableG01a-en.pdf
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230608005306/en/
Danièle Spethmann, P.Geo. President & CEO
kirklandlakediscoveries.com +1 416 414 7011
daniele@kirklandlandlakediscoveries.com
Kirkland Lake Discoveries (TSXV:KLDC)
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부터 10월(10) 2024 으로 11월(11) 2024
Kirkland Lake Discoveries (TSXV:KLDC)
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