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Warrior Gold Inc ( (TSE:KLDC) ) just unveiled 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 442,000 ounces of gold (10.6 million tonnes at 1.29 g/t) to its portfolio. The Mirado property, located roughly 15 km south of the company’s flagship KL West project, offers near-resource expansion potential, untested targets at depth and encouraging high-grade surface samples, enhancing KLDC’s exploration pipeline while allowing it to conserve cash and stay focused on drilling at KL West; Orecap, in turn, gains a significant equity stake in KLDC, aligning both parties around unlocking value in a high-gold-price environment.
More about Warrior Gold Inc
Kirkland Lake Discoveries is a Canadian mineral exploration company focused on gold projects in the prolific Kirkland Lake region of Ontario. Its portfolio includes the flagship KL West claim package, where the company is actively drilling high-priority targets, and it aims to build a pipeline of district-scale gold exploration and potential development assets.
Average Trading Volume: 396,922
Technical Sentiment Signal: Buy
Current Market Cap: C$45.14M
For detailed information about KLDC stock, go to TipRanks’ Stock Analysis page.