All Posts

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Toronto, Ontario--(Newsfile Corp. –...

KLDC is pleased to announce that it proposes to complete a non-brokered private placement pursuant to which it shall issue (i) flow-through shares at a price of $0.30 per FT Share; and (ii) units (each, a "Unit") at a price of $0.25 per Unit, in any combination, to raise aggregate gross proceeds of up to $7,000,000.

KLDC is pleased to report that recent drilling at the KL West Property has expanded the mineralized system, with three additional holes intersecting semi-massive to massive sulphides. The results confirm the role of the Winnie Pluton as a key driver of mineralization and represent a significant advance in the Company’s intrusive-related exploration model across a district-scale land position.

The geological characteristics we’ve encountered in our very first drill hole have exceeded our expectations and fundamentally validate our interpretation of the Winnie system.

With strong surface results, supportive geology, and a well-developed model, we believe this program could be a catalyst for a new discovery.

The work builds on KLDC’s recent surface discoveries and geophysical targeting and supports multiple compelling targets for the Company’s upcoming inaugural drill program at Winnie Lake.