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Warrior Gold Inc ( (TSE:KLDC) ) has provided an announcement.
Kirkland Lake Discoveries has signed a definitive all-share agreement to acquire the 2,500-hectare Mirado Gold Project from Orecap Invest Corp., adding a historical inferred resource of about 10.6 million tonnes grading 1.29 grams per tonne gold, or roughly 442,000 ounces, to its portfolio. Located approximately 15 kilometres south of its core KL West land package, Mirado is described as a potential starter-scale asset with district-scale exploration upside, supported by limited historic drilling below 150 metres, untested geophysical anomalies, and high-grade surface samples. The deal is structured to preserve cash for ongoing drilling at KL West, where a second drill rig has been mobilized, while giving Orecap a significant equity stake in Kirkland Lake Discoveries, aligning both parties around unlocking value from Mirado and the broader regional exploration portfolio. Historical resource estimates and a prior preliminary economic assessment suggest potential for shallow open-pit development, though the company emphasizes that these figures are not current and that further drilling and updated technical work will be required to confirm and expand mineralization, potentially enhancing the company’s resource base and strategic positioning in a strong gold price environment.
More about Warrior Gold Inc
Kirkland Lake Discoveries is a gold exploration company listed on the TSX Venture Exchange and OTC markets, focused on advancing its flagship KL West claim package in the prolific Kirkland Lake gold camp in Ontario. The company targets high-potential gold projects near established mining infrastructure and aims to build a pipeline of exploration and potential development assets in a district-scale setting.
Average Trading Volume: 396,922
Technical Sentiment Signal: Buy
Current Market Cap: C$45.14M
For an in-depth examination of KLDC stock, go to TipRanks’ Overview page.