KLDC Announces Closing of $7.8M Private Placement Offering of Subscription Receipts
in KIRKLAND LAKE, ONTARIO, CANADA
WARRIOR GOLD and NEW FOUND GOLD CONSOLIDATE LARGEST LAND PACKAGE in KIRKLAND LAKE, ONTARIO, CANADA
Largest landholder in the world-class Kirkland Lake gold camp with ~365 km2, the result of years of work and negotiations with many landholders
Combined district-scale geologically prospective land package: 53 km length and ~20 km wide
First-time consolidated land package in a historically fragmented ownership area
Previously under-explored because geological dogma (“no gold north of the break”) has hindered gold exploration
New team of successful geologists and entrepreneurs, with a combination of market and technical successes
Access to technical teams with extensive experience and the modern day tools to advance this project technically
New Board of Directors led by Denis Laviolette founder and President of New Found Gold and Warrior Gold Board members, Steve Burleton, Gary Nassif and Danièle Spethmann
HOSTED IN THE ABITIBI GREENSTONE BELT
A prolific gold belt: +200Moz of gold production, and still active, continuing to produce.
The Kirkland Lake gold camp is a world-class mining camp and has produced +47Moz– host to high-grade gold mines that produced millions of ounces (the Kerr/the Lake Shore) and still producing high-grades at Macassa – average 17 g/t Au at 2.5 km depth.
Lucky Strike property has segment of the MERC transect survey suggesting the Mulven is a deep seeded fault off the Cadillac Larder Lake Break – the regional structure associated with many gold deposits in the region
The combined property has many multi-ounce mineralized showings (lots of smoke), at least four past-producing mines, +60 kms of major mineralized structures and hundreds of kilometres of second- and third-order structures to be explored, all hosted within favourable geological settings. The project hosts the right rocks, with promising geophysical and geochemical signatures, with many structures to be explored for gold, copper, silver, and other precious and strategic/critical minerals.