Kenorland Minerals Commences Drilling at the O'Sullivan Project, Quebec
Kenorland Minerals Commences Drilling at the
O'Sullivan Project, Quebec
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) -
Kenorland Minerals Ltd.
(TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("
Kenorland
" or the "
Company
") is pleased to
announce the commencement of drilling at the O'Sullivan Project (the "
Project
"), located in the Abitibi
greenstone belt of Quebec and held under an option agreement with Sumitomo Metal Mining Canada
Ltd. ("
Sumitomo
").
2025 Fall Exploration Program
A total budget of $1.72 million has been approved by Sumitomo for the fall 2025 exploration program.
The program will comprise up to 2,925 metres of diamond drilling, representing the first test of a target
area defined through five years of systematic exploration. Drilling will focus on a series of interpreted
structures and coincident geophysical anomalies within a folded sequence of mafic volcanic and mafic-
ultramafic intrusive rocks. Kenorland is operator of the Project, with drilling activities expected to
conclude by early December.
Figure 1. Plan map of planned drill hole locations with geology and gold-in-till geochemistry
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Target Area
During the 2025 exploration campaign, the Company completed infill till sampling and an induced
polarisation ("
IP
") survey across the target area. This work followed earlier geochemical surveys carried
out in 2020 and 2021, a property-wide airborne versatile time-domain electromagnetic survey, and
detailed mapping completed in 2023. The underlying geology consists of broadly folded, mafic-dominant
volcanic rocks with minor interbedded rhyolite, intruded by early mafic-ultramafic sills that have
developed penetrative fabrics and are locally cross-cut by east-northeast-trending shear zones. The
folded stratigraphy lies immediately west of an interpreted early syn-volcanic granodiorite pluton. The fall
2025 drill program is designed to test several strong, discrete chargeability and conductivity anomalies
identified by the recent IP survey that coincide with interpreted structures and lithological contacts.
Drilling will cross multiple lithological settings within a structural corridor highlighted by gold-in-till
anomalism, prospective for orogenic gold mineralisation.
Figure 2. Regional geology with significant gold and VMS deposits and O'Sullivan Project location
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About O'Sullivan Project
The O'Sullivan Project covers 27,587 hectares of mineral tenure within the Abitibi greenstone belt along
the Casa Berardi Deformation Zone ("
CBDZ
"). The CBDZ is one of the primary structures that controls
orogenic gold mineralisation in the belt and hosts the active Casa Berardi mine that has produced over
2.0 million ounces of gold since 1988, with recent proven and probable reserves of 1.27 million ounces*.
Other major deposits along the CBDZ include the Douay gold deposit (2.52 million oz Au inferred and
511,000 oz Au indicated)** as well as the Nelligan gold deposit, having a 5.16 million oz Au inferred and
3.12 million oz gold indicated resource***. The O'Sullivan Project covers approximately 15 kilometres of
strike length along the southern margin of the CBDZ where the deformation zone intersects volcanic
rocks of the Stoughton-Roquemaure and Kidd-Munro assemblages.
The Project is located approximately 50 kilometres east of the city of Lebel-sur-Quévillon and 150
kilometres northeast of Val-d'Or, Quebec. Local infrastructure includes a power transmission line
transecting the property, a railway line approximately 5 kilometres to the north of the Project, and an
extensive network of logging roads throughout the property.
The Project is currently under an option agreement with Sumitomo (the "
Option Agreement
"), whereby
Sumitomo can earn an initial 51% interest in the Project by incurring an aggregate of $4,900,000 in
mineral exploration expenditures on or before the third anniversary of the Option Agreement (of which
$1,200,000 are guaranteed expenditures within the first three years). Kenorland will act as operator of
the Project in return for a management fee equal to 15% of the total expenditures during the first earn-in
period.
Following the earning of a 51% interest, Sumitomo has the option to earn an additional 19% (for a total
of 70% interest), by delivering a NI 43-101 compliant feasibility study on the Project disclosing mineral
resources in the measured and indicated categories of not less than 1,500,000 ounces of gold (or
AuEq) within an additional seven years. Once Sumitomo has earned a 70% interest, Kenorland will have
the option to forego a minority joint venture interest and immediately vest a net smelter returns royalty
interest of 4% on the Project. In the event of joint venture participation, any party which dilutes to below a
10% interest will exchange its joint venture interest for a net smelter returns royalty of 3% (subject to a 1%
buyback for $1,000,000).
*Technical Report Summary on the Casa Berardi Mine, Northwestern Québec, Canada. Prepared for Hecla Mining Company,
effective date December 31, 2023.
**Technical Report on the Douay and Joutel Projects Northwestern Québec, Canada. Prepared for Maple Gold Mines Ltd., effective
date March 17, 2022.
***NI-43-101 Technical Report, Nelligan Gold Project, Québec. Prepared for IAMGOLD Corporation, effective date December 31, 2024.
The mineral resources and reserves discussed for properties along the CBDZ are not located on the O'Sullivan Project. The
Company has not verified this information and it is not being treated as current mineral resources or reserves of the Company. The
information is provided for geological context only.
Qualified Person
Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at Kenorland, "Qualified Person"
under National Instrument 43-101, has reviewed and approved the scientific and technical information in
this press release.
About Kenorland Minerals
Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project
generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance
greenfields projects through systematic, property-wide, phased exploration surveys financed primarily
through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net
smelter return royalty on the Frotet Project in Quebec which is owned by Sumitomo Metal Mining Canada
Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and
Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, British Columbia,
Canada.
Further information can be found on the Company's website
www.kenorlandminerals.com
On behalf of the Board of Directors,
Zach Flood
President, CEO & Director
For further information, please contact:
Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together,
"forward-looking statements") within the meaning of applicable securities laws. All statements, other
than statements of historical facts, are forward-looking statements. Generally, forward-looking
statements can be identified by the use of terminology such as "plans", "expects", "estimates",
"intends", "anticipates", "believes" or variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-
looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause
actual results, performance, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking statements. Although the Company believes that the assumptions
and factors used in preparing these forward-looking statements are reasonable based upon the
information currently available to management as of the date hereof, actual results and developments
may differ materially from those contemplated by these statements. Readers are therefore cautioned
not to place undue reliance on these statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the disclosed times frames or at all.
Except where required by applicable law, the Company disclaims any intention or obligation to update
or revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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