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Kirkland Lake Discoveries Corp V.KLDC

Alternate Symbol(s):  KLKLF

Kirkland Lake Discoveries Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. It has a prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada. The properties are hosted in the Abitibi Greenstone Belt. Its properties assembled include the Lucky Strike Property, Arnold Property, KL Central (KLC), Goodfish-Kirana and the optioned KL West (KLW) Properties. Its land position comprises approximately 38,000 hectares (ha), over 1,338 claims, and 29 patented claims. The Arnold Property comprises 28 claims covering a total area of 1,225 ha. The Lucky Strike Project is located immediately to the east of the Company’s Goodfish-Kirana Project, in Kirkland Lake, Ontario, and consists of 644 unpatented mining claims covering approximately 11,506 ha (116 square kilometers). The KLW land package comprises 107 mining claims. The KLC land package comprises eight mining claims for an aggregate of 115 claims.


TSXV:KLDC - Post by User

Post by xxtscon Feb 09, 2018 4:03am
138 Views
Post# 27531639

looks good

looks goodGoodfish Kirana Project – Kirkland Lake, Ontario Project Description An advanced grassroots property in the Kirkland Lake high-grade gold camp Located eight kilometres north of Kirkland Lake, Ontario, the property consists of 32.5 km2 (3,248 ha) of patented and staked claims adjacent to the famous Kirkland Lake Break. All claims are in good standing. The property contains two significant regional auriferous zones – the Goodfish and the Kirana – and 12 historical shafts and pits (including underground workings) that are underexplored. Prospecting at Goodfish in late 2016 has yielded grab samples with up to 220 g/t Au. The best historical intersection is at Zone A on Goodfish Lake with 16.97 g/t Au over 12.65 m at less than 200 m depth. Champagne’s exploration target model is a high-grade (>10 g/t Au) >3 million ounce deposit. Kirkland Lake, Canada – in the Abitibi Greenstone Belt The Project is located in the Abitibi Greenstone Belt, one of the world's most productive gold belts, which has produced over 200 Moz of gold since the early 1900s, including over 40 Moz from the Kirkland Lake Camp. Development projects in the area include the Upper Beaver deposit located 13 km east of Goodfish Kirana on the newly defined Victoria Creek Break. The Upper Beaver deposit has a global resource of 7.8 Moz Au equivalent. Any commercial production would be supported by excellent regional infrastructure, power lines and skilled local workforce. Low capex development options – multiple mills within trucking distance. A great opportunity for discovery Champagne’s newly consolidated property contains roughly 9 km strike-length of major mineralized structures that host numerous showings and historical drill intersections with anomalous gold. The project area has never been explored with modern concepts and technology and no significant historical drilling has been completed below 200m. Champagne has four targets are drill ready. Champagne is currently re-compiling historical IP data, VTEM survey data and geochemistry results. Re-logging and infill sampling of 5 km of historical drill core was undertaken which generated a 2.5 km zone of mineralization. A LiDAR survey was flown in 2015 to provide high quality orthophotos for exploration and better define structures at Goodfish and Kirana. Initial consultation with Beaver House First Nations has been established and was positive. Phase 1 ($1.25M) and Phase 2 ($2.5M) work Drilling of targets generated by compilation and recent prospecting. Follow up prospecting, geochemical surveys, geophysics, and trenching. 2 Champagne – a private company with a proven Management Team Champagne is a private company and owns 100% of its Goodfish-Kirana claims as of December 2016. Current shares outstanding total 43,169,013 and 66,469,734 on a fully diluted basis. Insiders, management and management supporters hold 53% of shares outstanding. The experienced management and advisory teams have a track record of previous discoveries and are committed to realizing the full potential of the Goodfish-Kirana Property. Option to Earn-in Available 51% for $7M spend over 4 years – with opportunity to own 70% by taking project to Feasibility. Champagne’s Goodfish Kirana Property - 3,248 ha (approximately 10 km x 3 km) For further information, please contact: danile spethmann P.Geo. President and CEO +1 647 344 3433 or Mobile: +1 416 414 7011
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