Auranova Resources and Kenorland Minerals Announce Completion of Spring Drill Program at the South Uchi Project, Ontario
Auranova Resources and Kenorland Minerals Announce Completion of
Spring Drill Program at the South Uchi Project, Ontario
Vancouver, British Columbia, April 28, 2026 – Auranova Resources Inc. (TSXV: AURA) (“Auranova” or the
“Company”) and Kenorland Minerals Ltd. (“Kenorland”) are pleased to announce the completion of the
2026 spring drill program at the South Uchi Project (the “Project”), located in the Red Lake District of
Ontario.
2026 Spring Drill Program
The Phase 3 program comprised six diamond drill holes totalling 3,187 metres, following the successful
identification of a new gold-bearing structural corridor, discovered during the Phase 2 fall 2025 drill
program (see press release dated January 28, 2026). The drill holes were designed as large step-outs
towards the west and east at roughly 500-metre spacing, testing strike extensions of the mineralisation
concealed beneath deep glacial till and glaciolacustrine cover. Assay results are expected in Q2-2026.
Figure 1. Plan map showing geology and drill hole locations in the Papaonga target area
Papaonga Target
Follow-up drilling at the South Uchi project has successfully intersected alteration and mineralisation
along strike of previously reported drill holes 25PADD031 and 25PADD034 which intersected a ~200 m-
wide mineralised corridor that returned multiple ~10 m-scale intervals of anomalous gold (see press
release dated January 28, 2026). Recently completed drill holes from Phase 3 encountered broad zones
of pervasive, moderate to strong silica and sericite alteration, with locally developed albite alteration,
indicative of continuity of the hydrothermal alteration system. Associated sulphide content was
observed, occurring as both disseminated and stringer-style pyrite. This mineralisation was hosted
within quartz- and feldspar-phyric intermediate to felsic intrusive units, as well as intermediate to felsic
volcaniclastic rocks and lesser mafic volcanic rocks, notably within 26PADD046 between approximately
123-165 m and 214-387 m down hole. The volcanic-volcaniclastic rocks have undergone moderate to
strong deformation hosting multi-stage, quartz-carbonate-sulphide veining, while the intrusive rocks
have developed weak-moderate strain with more pervasive alteration and disseminated sulphide,
showing rheological contrast between rock units within the regional belt-parallel structure. Although
favourable alteration and mineralisation is present within the recently completed holes, it does not
necessarily indicate economically significant grades.
Next Steps
Following the completion of the spring drill program at the Project, Kenorland will maintain the camp and
infrastructure at Papaonga in preparation for a potential subsequent drill program, which is tentatively
planned for summer 2026.
Figure 2. Regional geology with significant gold deposits and South Uchi Project location
About South Uchi Project
The South Uchi Project was first identified and staked by Kenorland based on the under-explored
region’s prospectivity to host significant gold mineralised systems. The Project covers a portion of
Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological
subprovince to the north and the English River geological subprovince to the south. Multiple major east-
west striking deformation zones associated with the subprovince boundary transect the Project,
resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable
settings for orogenic gold mineralisation. Prior to Kenorland staking the Project, records indicated little
to no systematic exploration had been completed, and the land package remained under-explored. The
majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on
the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP Fault
Zone on the Dixie Project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great
Bear Project) highlight the prospectivity of the entire Confederation Assemblage along the southern
margin of the Uchi subprovince.
Qualified Persons
William Yeomans, B.Sc., P.Geo. (EGBC #027187, PGO #2177), a n independent “Qualified Person” under
National Instrument 43-101, has reviewed and approved the scientific and technical information in this
press release.
About Auranova Resources
Auranova Resources is a publicly listed company focused on the discovery of new gold systems in the Birch
Uchi Belt, in partnership with Kenorland Minerals Ltd., as well as expanding its presence in the greenstone
belts of Ontario.
Further information can be found on the Company’s website www.auranovaresources.com.
On behalf of the Board of Directors of Auranova Resources,
Thomas Obradovich
Chief Executive Officer
Tel: +1 416 985 7140
Email: [email protected]
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.
Mineralisation on adjacent or nearby properties is not necessarily indicative of mineralisation on the
Company’s property. 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 timeframes 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.
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