Kenorland Announces Manitoba Mineral Development Grant at the South Thompson Nickel Project
Kenorland Announces Manitoba Mineral
Development Grant at the South Thompson
Nickel Project
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) -
Kenorland Minerals Ltd.
(TSXV:
KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("
Kenorland
" or the "
Company
") is pleased to announce that
the Company was approved for a $300,000 grant from the Manitoba Mineral Development Fund
(
"MMDF"
) to support Kenorland's exploration program at the South Thompson Project ("
Project
"),
located in the Thompson Nickel Belt in Manitoba, Canada.
Funded by the Government of Manitoba and administered by the Manitoba Chambers of Commerce, the
purpose of the MMDF is to increase mineral and economic development in northern Manitoba. Some of
the key objectives of the fund include increasing mineral exploration and development, strengthening the
mining value chain in the province, advancing economic reconciliation with Indigenous communities, and
supporting communities impacted by mining activity.
Zach Flood, CEO and President, states
"Kenorland extends its sincere appreciation to the Manitoba
Mineral Development Fund for its support in our exploration efforts at the South Thompson Nickel
Project. The funds provided by MMDF will aid Kenorland in conducting a large-scale aerial
electromagnetic (VTEM) survey to identify potential drill targets beneath the extensive cover rocks."
About the South Thompson Project
The South Thompson Project covers 307,753 hectares of land located approximately 200km south of the
town of Thompson, Manitoba, and 80km west of the town The Pas, Manitoba. The licences cover the
southern extension of the Thompson Nickel Belt, which is predominately covered by Phanerozoic cover
sequences.
Compilation and digitization of historical exploration data, including 337 drillholes, have been completed
along with re-processing of historical airborne magnetics and electromagnetic surveys. The Project is
adjacent to the Minago and Williams Lake nickel sulphide projects and the regional wide spaced drilling
has indicated anomalous Ni assays and sulphide mineralisation in ultramafics within the Project area.
The South Thompson project has seen no meaningful project-scale exploration in the last 20 years and
the combination of large gaps in drilling and lack of modern geophysical techniques over the Project
area represent significant opportunity for a nickel sulfide discovery. Kenorland is currently conducting a
VTEM survey at the South Thompson Project.
Figure 1. South Thompson Regional Geology and Occurrences
To view an enhanced version of this graphic, please visit:
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Qualified Person
Mr. Janek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824),
"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
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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