20:44:23 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Kirkland Lake Discoveries Corp
Symbol KLDC
Shares Issued 88,624,522
Close 2024-01-26 C$ 0.07
Market Cap C$ 6,203,717
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Kirkland Lake, Beaverhouse sign co-operation deal

2024-01-29 10:36 ET - News Release

Ms. Daniele Spethmann reports

KIRKLAND LAKE DISCOVERIES SIGNS COOPERATION AGREEMENT WITH BEAVERHOUSE FIRST NATION

Kirkland Lake Discoveries Corp. has signed a co-operation agreement with Beaverhouse First Nation advancing exploration and the next phase of drilling at the Hurricane zone on the Lucky Strike property, in Kirkland Lake, Ont.

The co-operation agreement confirms KLDC's commitment to continuing consultation and demonstrates the company's willingness to establish a mutually beneficial, co-operative and productive relationship with BHFN.

The agreement commits the company to provide BHFN an opportunity to participate in the benefits of the project through access to business opportunities, employment and training.

Daniele Spethmann, president, founder and chief executive officer, commented: "Beaverhouse First Nation and the company have a long-standing relationship built on mutual respect and trust. This agreement is the first step in formalizing that relationship. We are committed to responsible exploration across our very exciting project and to providing shared value and economic opportunities to BHFN. We are respectful and responsible stewards of the natural environment and acknowledge Beaverhouse First Nation's traditional territories."

Chief Wayne Wabie of the Beaverhouse First Nation states: "Beaverhouse First Nation is pleased to have come to an initial agreement with KLDC that ensures exploration in our territory is executed with respect for the land and our people. We look forward to working with Kirkland Lake Discoveries and to sharing in its successes."

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries 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 plus ounces of gold produced to date. 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 KLDC land position comprises approximately 38,000 hectares, over 1,338 claims and 29 patented claims making the company one of the largest landholders in the Kirkland Lake region.

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