# Kirkland Lake Discoveries Signs Definitive Agreement to Acquire the Mirado Project with Historical Gold Inferred Resource of 10.6 Mt at 1.29 g/t for 442,000 oz Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kirkland-lake-discoveries-signs-definitive-agreement-to-acquire-the-mirado-proje--505c5311-f556-4891-b744-fe102e087318 Original source: https://money.tmx.com/en/quote/KLDC/news/6101201674766343/kirkland-lake-discoveries-signs-definitive-agreement-to-acquire-the-mirado-proje Publisher: tmx Original announcement: 2025-12-18T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Kirkland Lake Discoveries - Ticker: KLDC - Exchange: TSX - Region: Ontario - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-16 07:04:04 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Kirkland Lake Discoveries has signed a definitive agreement to acquire the Mirado Gold Project from Orecap Invest Corp via an all-share transaction. The project hosts a historical inferred resource of 10.6 Mt at 1.29 g/t gold \(~442,000 oz\), offering significant exploration upside at depth and laterally. Reasoning: The company is acquiring a project with a substantial historical inferred resource, providing significant strategic optionality, though the data is historical and requires modern verification. - Positive factor: Acquisition of a project with significant historical gold ounces - Positive factor: Potential for near-resource expansion and depth extension - Positive factor: Strategic addition to exploration pipeline - Negative factor: Resource is historical and not currently NI 43-101 compliant - Negative factor: No current QP has verified the historical estimates Facts used in scoring: 3 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The primary resource mentioned is a historical inferred resource of 10.6 Mt. Evidence · text > hosting an inferred historical resource of 10.6 Mt at 1.29 g/t **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: The document explicitly states that a Qualified Person has not completed sufficient work to classify the historical estimates as current. Evidence · text > A Qualified Person has not completed sufficient work to classify them as current mineral resources. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kirkland-lake-discoveries-signs-definitive-agreement-to-acquire-the-mirado-proje--505c5311-f556-4891-b744-fe102e087318#fact-resource-facts-0) Mirado Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Mirado Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: KLDC #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: No - Resource group id: resource:efb6efb52c8757646a62 - Deposit or zone: North Zone and South Zone - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 10618000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 442000 - Contained Unit: oz - Cutoff Grade: 0.45 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2013-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2013-01-01T00:00:00.000Z #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: Large historical inferred resource provides a significant base for exploration. - Positive factor: Significant historical tonnage and contained ounces - Negative factor: Historical data; not currently verified by a QP Evidence · text > inferred mineral resource of 10.6 Mt grading 1.29 g/t Au, containing approximately 442,000 oz Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 13.0 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kirkland-lake-discoveries-signs-definitive-agreement-to-acquire-the-mirado-proje--505c5311-f556-4891-b744-fe102e087318#fact-resource-facts-1) Mirado Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Mirado Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: KLDC #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: No - Resource group id: resource:9ffece457ccca287cedd - Deposit or zone: South Zone - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 559000 - Grade: 2.61 - Grade Unit: g/t - Contained Metal: 46900 - Contained Unit: gold ounces - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2018-01-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-08T00:00:00.000Z #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: Part of a historical PEA calculation for the South Zone. - Positive factor: Higher grade indicated resource - Negative factor: Historical estimate Evidence · table > 559 kt @ 2.61 g/t Au Context: 559 kt #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.9 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kirkland-lake-discoveries-signs-definitive-agreement-to-acquire-the-mirado-proje--505c5311-f556-4891-b744-fe102e087318#fact-resource-facts-2) Mirado Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Mirado Gold Project - Commodity: gold - Region: canada\_on - Reported Region: Ontario - Ticker: KLDC #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: No - Resource group id: resource:f1e4f354829fce74cc01 - Deposit or zone: South Zone - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 382000 - Grade: 2.66 - Grade Unit: g/t - Contained Metal: 32700 - Contained Unit: oz au - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2018-01-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-08T00:00:00.000Z #### Dates - Event date: 2025-12-18T00:00:00.000Z Reasoning: Part of a historical PEA calculation for the South Zone. - Positive factor: High grade for inferred category - Negative factor: Historical estimate Evidence · table > 382 kt @ 2.66 g/t Au Context: 382 kt #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.9 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.