Kenorland Expands Exploration Portfolio in Ontario and into New Brunswick
Kenorland Expands Exploration Portfolio in
Ontario and into New Brunswick
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) -
Kenorland Minerals Ltd.
(TSXV: KLD)
(OTCQX: KLDCF) (FSE: 3WQ0) ("
Kenorland
" or the "
Company
") is pleased to announce that it has
acquired, through staking, 125,430
hectares of mineral claims within the Onaman-Tashota Greenstone
Belt in Northern Ontario (the "
Kowkash Project
") as well as 119,779 hectares of mineral claims located
in Central New Brunswick (the "
Atlantic Project
"). In addition, Kenorland has entered into a purchase
and sale agreement, dated May 26, 2025 (the "
Purchase Agreement
") with a private BC company
pursuant to which Kenorland has purchased a 100% interest in 31,052 hectares of mineral claims
adjacent to the Atlantic Project.
Zach Flood, President and CEO of Kenorland Minerals, states,
"The recent additions in Ontario and
New Brunswick continue the steady expansion of Kenorland's exploration portfolio into underexplored
yet highly prospective regions of Canada. As demand for quality grassroots opportunities grows, we
remain committed to applying our systematic approach to generate and advance new discoveries."
About the Kowkash Project
Kenorland acquired the 125,430-hectare Kowkash Project in northwestern Ontario through map staking.
The Project covers a prospective terrane with relatively low exploration maturity, largely concealed by
glacial overburden. It covers a portion of the Onaman-Tashota Greenstone Belt in the Eastern Wabigoon
Sub-province of the Archean Superior Province. This underexplored greenstone belt is composed of a
sequence of metavolcanic and metasedimentary rocks intruded by syn- to post-tectonic plutons. The
project area is transected by major regional structures, including splays of the Tashota-Geraldton-
Terrace Bay deformation zone, and is prospective for orogenic and volcanic hosted massive sulphide
(VHMS)
mineralisation styles hosting high-grade Au, Ag, Cu, and Zn. Historic showings in the area,
including the Marshall Lake VHMS and Louanna orogenic showings, have identified significant alteration
systems and mineralisation indicating a fertile geological environment. The Kowkash Project represents
a compelling opportunity for discovery in one of Ontario's lesser-explored greenstone belts. The
Company plans to complete a first-pass regional geochemical sampling program during the 2025
summer field season.
Figure 1. Geological map illustrating Kowkash Project location in Ontario
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/253457_913b85829490a8fd_001full.jpg
Figure 2. Kowkash Project location in Ontario
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/253457_913b85829490a8fd_002full.jpg
About the Atlantic Project
In addition to the 31,052 hectares acquired through the Purchase Agreement, Kenorland acquired a
further 119,779 contiguous hectares through map staking, bringing the total project area to 150,831
hectares. The Atlantic Project is situated within the northern Appalachian orogen of western New
Brunswick, covering a highly prospective segment of the Gander and Dunnage zones-recognized for
hosting a variety of gold and polymetallic deposits. The project area encompasses a diverse
assemblage of Silurian to Devonian volcanic, volcaniclastic, and sedimentary rocks intruded by felsic to
mafic plutons. This setting is prospective for epithermal, VHMS and intrusion related mineralisation
styles hosting significant Au, Ag, Pb, Zn, and Cu. Key mineralised showings in the project area include
the Williams Brook epithermal, Costigan Mountain epithermal, Sewell Brook VHMS, and Lewis Brook
epithermal deposits. These occur within favorable structural corridors and lithologic contacts of the
Tobique-Chaleur metallogenic belt, an emerging and active exploration district. The Atlantic Project area
has seen limited historical work, presenting a unique opportunity for discovery through modern,
systematic exploration approaches.
Figure 3. Geological map illustrating the Atlantic Project location in New Brunswick
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/253457_913b85829490a8fd_003full.jpg
Figure 4. Atlantic Project location in New Brunswick
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/253457_913b85829490a8fd_004full.jpg
Terms of the Purchase Agreement
Pursuant to the Purchase Agreement, the Company will acquire a 100% interest in the Atlantic Project
through the issuance of common shares of the Company ("
Shares
") having a deemed value of
$174,440.76. Additionally, the Company will grant a 0.5% net smelter return royalty applicable only to the
mineral claims acquired under the Purchase Agreement.
All Shares issuable pursuant to the Purchase Agreement will have a deemed issuance price equivalent
to the market price of such Shares at the time of issuance. The Shares will also be subject to a four-
month and one day resale restriction from the date of their issuance. The Purchase Agreement and the
issuance of the Shares thereunder are subject to the approval of the TSX Venture Exchange.
Qualified Person
Janek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824) a
"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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/253457