Kirkland Lake Discoveries Corp V.KLDC

Alternate Symbol(s): KLKLF

Metals & Mining Gold

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

Kirkland Lake Discoveries Corp

Bullboard Posts

Post by Stoogeon Jan 17, 2011 5:37pm

235 Views

Post# 17986145

Delayed Disclosure

"Consequently, on Dec. 23, 2010, the company received notice of termination of its letter of intent with Andromeda."

It took them this long to disclose this material information.

I'll stick to my hunch that the current price blip won't last and at the end of it insiders will have dumped some equity.

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