The Curse of Oak Island

KLDC Treasure Hunters – Season 2, Episode 7 – First Holes, Big Implications

KLDC Treasure Hunters – Season 2, Episode 7 – First Holes, Big Implications

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Our transformative year continues at KLDC.
Across the board, we’re building and growing. Bigger and stronger than ever.
More drills, more targets, better facilities, and new team members.
>> Hi, I’m Meredith. I’m a core logging geo at KLDC. I’m excited to be a part of the 2026 strobe program at KLDC. Looking forward to new discoveries and field experiences and we’ll see what the year has to bring.
All right, welcome back everyone. KBC treasure hunters, here we go again. But today is special. We have news release.
First set of drill holes from our 25,000 meter program are being released. These first two holes are from Wolverine Bend and it continues to deliver. Very exciting with 6.28 m 0.617 g per ton in hole 39. And then hole 40 8.25 m is 0.863, but that includes 5.5 m of 1.213.
Now, why this is so impressive is that this isn’t in a quartz vein. This is in an altered cyanite. So, when you’re looking at the rocks, you’ll see that they’re not quite the same as what we were typically chasing with those quartz veins. This is the entire rock type.
Now, why that’s important is that we’ve been hitting cyanides all around this intrusion. And so, it’s come up underneath or as a late stage intrusion, and now we know it’s mineralized. And so what we’re chasing down now is a much larger system than we had anticipated right off the bat. And so we’re going to be following up at Wolverine Bend as soon as we finish up testing around the intrusion in other spots. So we’re up at 9 Mile, we’re down at Winnie Lake and then we’re coming back to Wolverine Bend to see exactly how deep this thing is going and how big it can get. So really, really interesting times. Again, first two holes in this program, there’s still lots of meters to come. I’m going to let Mike walk through the rocks. He can understand and and talk to them a lot better than I can. And uh we actually get a little bit of a sneak peek at some of the rocks from Winnie Lake that came out. I was up there this week. Really interesting rocks. So stay right through to the end so you can see those. You know what, Mike? Take it away.
>> So I’m talking here of hole 40. This was up at the Wolverine Ben, our new name for our new discovery. The objective of going back here to this uh to this area was that we hit a nice vein. So, we went back with the drill in hole 40 and um we’re looking to extend the extension of the vein. Well, we’re in a cyanite and what we have found is uh we’re finding some very nice uh um stretches intercepts of intensely altered cyanite.
If you look at the cyanite, this is this is the cyanite. This is what it was and this is what it’s turned into. You can see the the intensity of the alteration through the cyanite. If you want a comparison, look at Young Davidson, the Alamos mine in Matachawan, only about 60 km um west of here. And we are getting some very good numbers in this stuff. Um we have a 8.25 25 meter intersection here that’s running 086 mters. Uh within that we have uh a 1.21 gram per ton goal over 5.5 m. Um one of our highest assays in this intersection was uh 3.29 g per ton. Exciting. Why is that exciting? The alteration here is intense. It happens over wide areas and wide intersections of the drilling. And uh this area has never been drilled before before we got there. Uh so we are embarking on a new discovery. Um we just uh you know we’re we’re setting out to find 100 or 200 meters of this. Uh and uh I think we’re close because we’re getting good numbers. The alteration is intense. Um and uh yeah, we’re very excited about the Wolverine Ben and we’ll be back there soon.
At Winnie, we were drilling fairly deep.
We’re down at 378.
We went through this nice veining system here next to a cyanite and uh some with some gabro afterwards. Uh but we are getting some nice uh chunks of calc pyite. You can see that. Uh is this maybe a feeder system of some of the massive sulfides that we see? Uh you know, yet to know. But when you see mineralization uh this chunky uh you get excited about it. And when you see a veining system, this could be the feeder system that’s uh that’s supplying some of these minerals and fluids. What’s interesting too and very significant is after this vein system uh we still see some nice alteration and calcy mineralization in these veins crosscutting this gabro. I mean the the alteration uh has been so intense uh it’s wiped out the primary textures of the gabro and you know we get these veins of silica and some casear in there but it’s uh it has some you know very nice specks of calcyite in there too. We had some very good meterage of this. So we’re excited about this uh observation.
Um this is more or less a new sort of a new mineralization at Winnie because uh we didn’t know there’s any gabros around. So this is very exciting too.
An interesting feature in this hole, this hole is at Winnie 2. The importance of cross cutting features. Which features came in first? Which came in last? What where did the mineralization how did the mineralization end up? So, we’re looking here at a very, you know, 1-in wide cyanide finger. So, I’ve got mafic volcanics, and this cyanite finger has intruded the mafic volcanics. And you can see that I’ve got pyrite mineralization and and little stringers here and fractures. But in this cyanite band and cross cutting this cyanide band which has crosscut the mafic volcanics I have pyite magnetite bands or veins fractures through the cyanite. We want to try and figure out the timing of mineralization. Um when has it come in?
Has it come in with the rocks? Has it come in after the rocks? Uh or has it has it been uh remobilized? uh during some metamorphic event. But you see that you know if we drilled this way we would have missed this mineralization. So you know understanding the geological controls to mineralization you know we would drill across here. We drill or you know we drill obliquely to the strike where usually you drill perpendicular to strike. Anyways, a very cool feature that uh we noticed in this uh little cyanite finger in this altered mafic volcanic. We have a vein coming through the rock like this and then we have another system of veining crosscutting that almost makes like an X in this junction.
Lots of blebs of calcyite.
So where these structures or where these veinlets meet the calcy is is falling out. Uh so when we apply that on a large scale system these would be large scale faults or deformation zones or structures through the rock. So where they intersect would be your deposit. So if we’re getting this feature on a small scale, we kind of try and apply these features uh on a larger scale uh for drilling and exploration.
Cut.

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