Kenorland Intersects 19.50 g/t Au over 6.65m on R6 Vein Discovery at the Frotet Project, Quebec
Kenorland Intersects 19.50 g/t Au over 6.65m
on R6 Vein Discovery at the Frotet Project,
Quebec
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2022) -
Kenorland Minerals Ltd.
(TSXV: KLD)
(OTCQX: NWRCF) (FSE: 3WQ0) (
"Kenorland"
or
"the Company"
) is pleased to announce final drill
results from the 2022 winter drill program at the
Frotet Project
, ("
the Project
"), located in northern
Quebec and held under joint venture ("
the Joint Venture
") with Sumitomo Metal Mining Canada Ltd.
("
SMMCL
"). Assays from the remaining 5 of 25 drill holes completed, including 2,840 meters of the
10,880 meter program are reported herein. The Company is also pleased to provide an update on its
summer drill program and exploration activities currently underway at the Project.
Drill highlights include the following:
22RDD133:
6.65m at 19.50 g/t Au incl. 1.06m at 98.34 g/t Au
at R6 (new vein discovery)
22RDD135:
1.70m at 25.00 g/t Au incl. 0.45m at 87.00 g/t Au
at R1
22RDD135:
5.00m at 5.46 g/t Au incl. 0.90m at 21.39 g/t Au
at R8 (new vein discovery)
Figure 1. Plan map of Regnault drilling including highlights from the 2022 winter drill program
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6489/130444_5c0fe2924445bb32_001full.jpg
Zach Flood, CEO of Kenorland Minerals states, "The drill program completed in the first quarter was a
massive success. The first holes to intersect the newly discovered veins parallel to the R1 structure,
including R5, R6, R7 and R8, are initially returning very impressive
grades and widths such as today's
announcement of 22RDD133, which reported 19.50 g/t Au over 6.65m. Results from these new vein
discoveries are easily comparable to some of the best results from the R1 structure, which we've been
drilling off since the initial discovery in 2020. This is great news for the Joint Venture and we look forward
to further results from the recently completed summer drill campaign, which was largely focussed on
following up these discoveries."
Discussion of Results
The reported 5 drill holes (2,840m) are the final results from the 2022 winter drill program at Regnault.
Drilling was designed to expand the strike extent along the R2 and R4 trends, testing the down dip
extents of the R1 mineralised structure, and explore for additional mineralised structures immediately to
the south of R1.
Along the R1 trend, highlights include hole 22RDD135 which stepped 135m east from 22RDD129
(4.00m at 5.72 g/t Au*) and intersected
1.70m at 25.00 g/t Au incl. 0.45m at 87.00 g/t Au
. Hole
22RDD135 is the most eastern drill hole along the R1 trend, demonstrating the potential for continued
extension of high-grade mineralisation. Drilling has successfully extended mineralisation at R1 by over
100m to the east for a known strike length of 950m and to depths of 400m below surface remaining
open along strike and at depth.
Directly to the south of the R1 drilling discovered multiple sub-parallel mineralised structures including
R5, R6, R7 and R8, which have returned multiple high-grade intercepts. Hole
22RDD133
stepped 160m
to the west of 22RDD121 (5.70m at 8.10 g/t Au*) and intersected
6.65m at 19.50 g/t Au incl. 1.06m at
98.34 g/t Au
. Hole
22RDD135
returned
5.00m at 5.46 g/t Au incl. 0.90m at 21.39 g/t Au
, a 130m
step-out to the east from 22RDD129 (0.31m at 21.80 g/t Au*) and 170m step-out to the east up dip from
22RDD121 (5.70m at 8.10 g/t Au*)
.
The discovery of these additional mineralised structures indicates
the potential for further sub-parallel structures at depth in the Regnault system. These results extend the
strike length of mineralisation along the newly discovered structures to 400m, and to 450m at depth
remaining open along strike and at depth.
(
*
See press release dated June 13
th
2021)
Figure 2. Core photo of 22RDD133 from newly discovered vein
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6489/130444_5c0fe2924445bb32_002full.jpg
Gold mineralisation along
R1, R5, R6, R7 and R8 is associated with multiple east-west trending and
north-dipping shear zones. Mineralised structures transect both the multiphase Regnault intrusive
complex and surrounding volcanic rocks, and are defined by zones of moderate-strong strain, biotite-
calcite ± silica-chlorite alteration and disseminated pyrite (locally ranging from 3-10%). High grade
intercepts are characteristically shear-hosted laminated quartz-carbonate-pyrite veins, often haloed by
variably deformed extensional stockwork quartz veining locally containing up to 20% pyrite along with
trace chalcopyrite, Au ± Ag tellurides and visible gold.
Figure 3. Cross section through R1 and new vein discoveries (R5, R6, R7, R8) (500m section width;
looking east)
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/6489/130444_5c0fe2924445bb32_003full.jpg
Scott Smits, Vice President of Exploration states, "Its hard not to be excited about the steady high-grade
intercepts we have received from the first quarter of 2022. Our strategy has been to aggressively step-
out along the known trends and explore for additional mineralised structures, constantly growing the
mineralised footprint at Regnault. These recent results continue to demonstrate the potential for further
growth of this exceptional gold system."
Upon completion of the Q1 2022 winter drill program and prior to the announcement of the company's
summer 2022 drill campaign a total of 45,086m had been drilled at Regnault including the initial
discovery drill program in early 2020. Drilling is currently underway from the recently announced fiscal
2022 exploration budget (see press release dated May 3, 2022) which will include up to 40,000 meters
of drilling carried out over two phases: a summer campaign from April to July of 2022, and a winter
campaign from January to April of 2023. The company has recently completed the summer drill
campaign at Regnault, consisting of 11,903m, and has now begun a first pass drill campaign at its
regional Cressida target planned to include up to 2,500m of drilling (see press release dated June 13,
2022).
Regnault Summer 2022 Drill Program Update
Kenorland has recently completed the 2022 summer drill program at Regnault, which includes 11,903m
from 23 drill holes. The program was designed to systematically step-out out along known mineralised
structures and explore for additional sub-parallel structures to the south of the Regnault discovery area.
Drilling was completed at broad-spaced step-outs along the R1 and newly discovered mineralised
structures (R5, R6, R7 and R8) towards the east and at depth. Additional drill holes have tested the
western extensions of these newly discovered structures. Visual indications of shear-related
mineralisation including quartz-sulphide veining, biotite-calcite alteration and disseminated pyrite along
with locally visible gold and tellurides continue to be intercepted beyond the previous limits of drilling.
Drilling has successfully extended R1 mineralisation towards the east by greater than 100m for a known
strike length of 950m and to depths of 400m below surface, remaining open. The newly discovered veins
(R5, R6, R7 and R8) have been traced along strike for 450m and to depths of 500m below surface, also
remaining open along strike and at depth.
Frotet Regional Summer 2022 Drill Program Update
Drilling is currently underway at the Company's Cressida target (figure 4). Approximately 2,500 meters of
diamond drilling is planned for a first pass drill program at Cressida, located within the northwestern
portion of the 39,365 hectare property. The Cressida target is located directly along strike and within the
main mineralised corridor hosting the former producing Troilus Gold Mine, currently being explored by
Troilus Gold Corp. The Cressida target is located between and along strike of Troilus Gold's Southwest
Zone (2.5km to the northeast) and their recently discovered Beyan Gold Zone (3km to the southwest).
Drilling at Cressida is expected to be completed by mid-July.
Table 1. Table of results from the 2022 winter drill program
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Residual Au (g/t)
22RDD131
48.00
50.00
2.00
5.37
3.40
And
214.00
216.40
2.40
2.71
3.01
And
231.49
231.90
0.41
14.00
14.00
And
424.00
426.90
2.90
4.75
4.45
2.50
Incl.
424.40
425.10
0.70
11.82
10.15
And
433.60
452.54
18.94
0.91
1.28
22RDD132
147.50
164.50
17.00
1.20
0.74
And
202.80
205.00
2.20
5.32
4.05
3.03
Incl.
204.50
205.00
0.50
13.10
12.20
And
218.00
221.00
3.00
4.20
3.85
2.68
Incl.
218.50
219.00
0.50
11.80
9.60
And
301.00
304.30
3.30
3.97
3.53
2.45
Incl.
303.50
304.30
0.80
8.70
7.93
22RDD133
147.00
149.50
2.50
2.39
1.80
1.24
Incl.
147.00
147.50
0.50
6.97
5.70
And
253.85
254.15
0.30
24.00
18.70
And
278.60
280.65
2.05
4.78
5.05
And
335.00
338.60
3.60
1.67
1.16
And
407.00
408.20
1.20
7.06
3.63
4.05
Incl.
407.90
408.20
0.30
16.10
8.90
And
427.65
429.00
1.35
4.75
1.78
And
508.45
515.10
6.65
19.50
29.57
4.55
Incl.
513.34
514.40
1.06
98.34
160.31
And
521.60
534.50
12.90
0.98
1.04
22RDD134
31.00
31.30
0.30
14.90
13.00
And
68.17
68.78
0.61
30.80
7.00
And
351.90
356.55
4.65
1.19
0.95
And
358.47
363.82
5.35
2.88
3.08
1.61
Incl.
360.10
360.53
0.43
17.50
19.80
And
394.85
411.31
16.46
0.51
0.68
22RDD135
250.80
252.50
1.70
25.00
22.83
2.68
Incl.
251.25
251.70
0.45
87.00
79.10
And
273.50
281.30
7.80
1.68
1.28
And
307.50
309.80
2.30
2.30
1.05
And
405.90
408.60
2.70
8.63
3.18
2.95
Incl.
405.90
406.34
0.44
37.80
15.40
And
448.85
460.50
11.65
1.14
1.01
0.92
Incl.
448.85
449.29
0.44
6.75
5.20
And
484.00
484.60
0.60
15.60
2.20
And
527.50
532.50
5.00
5.46
3.77
1.96
Incl.
529.10
530.00
0.90
21.39
13.51
*Assay intervals reported are core lengths, true widths have not been determined
**Residual Au (g/t) represents the average grade of the drill hole interval excluding the highlighted internal interval
Table 2. Drill collar table of reported drill holes from the 2022 winter drill program
Hole ID
Easting (NAD83)
Northing (NAD83)
Elevation (m)
Depth (m)
Dip
Azimuth
22RDD131
519651
5621062
376
610.00
-66
150
22RDD132
519888
5620907
377
522.00
-47
339
22RDD133
519515
5620989
376
549.91
-56
157
22RDD134
519117
5620531
376
573.00
-57
151
22RDD135
519861
5620976
377
585.00
-59
163
About the Frotet Project
The Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectivity
study over the Abitibi and Frotet-Evans Greenstone Belts of Quebec. The initial 55,921 ha property was
acquired through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd.
("SMMCL"), a wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd. in April, 2018. Two years of
property-wide systematic till sampling led to a maiden drill program in 2020 which resulted in a
significant grassroots discovery at the prospect now named Regnault. The project is currently under the
Joint Venture agreement between SMMCL and Kenorland Minerals Ltd., with interests being held at
80% and 20%, respectively. Under the Joint Venture, exploration is funded pro-rata and Kenorland is
presently the operator of the project.
Any party which does not contribute and is diluted below a 10%
interest, converts its interest to an 2% uncapped net smelter royalty.
Figure 4. Map of Frotet Project showing regional till sampling geochemical results
To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/6489/130444_5c0fe2924445bb32_004full.jpg
QA/QC and Core Sampling Protocols
All drill core samples were collected under the supervision of Kenorland employees. Drill core was
transported from the drill platform to the logging facility where it was logged, photographed, and split by
diamond saw prior to being sampled. Samples were then bagged, and blanks and certified reference
materials were inserted at regular intervals. Groups of samples were placed in large bags, sealed with
numbered tags in order to maintain a chain-of-custody, and transported from Chibougamau to BV
laboratory in Timmins, Ontario.
Sample preparation and analytical work for this drill program was carried out by Bureau Veritas
Commodities ("BV"), Timmins, Ontario.
Samples were prepared for analysis according to BV method
PRP70-250: individual samples were crushed to 2mm (10 mesh) and a 250g split was pulverized to
75μm (200 mesh) for analysis and then assayed for Gold. Gold in samples were analyzed using BV
method FA430 where a 30g split is analyzed with fire assay by Pb collection and AAS finish. Over-limits
gold samples were re-analyzed using BV method FA530 where a 30g split is analyzed with fire assay by
Pb collection and gravimetric finish. Multi-element geochemical analysis (45 elements) was performed
on all samples using BV method MA200 where a 0.25g split is by multi-acid digest with ICP-MS/ES
finish.
All results passed the QAQC screening at the lab, all company inserted standards and blanks
returned results that were within acceptable limits.
Qualified Person
Mr.
Jan Wozniewski, B. Sc., P. Geo. (EGBC #172781, OGQ #2239) is the "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 mineral exploration company incorporated under the laws of
the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland's focus
is early to advanced stage exploration in North America.
The Company currently holds four projects in
Quebec where work is being completed under joint venture and earn-in agreement from third parties.
The Frotet Project is held under joint venture with Sumitomo Metal Mining
Co., Ltd., the Chicobi Project
is optioned to Sumitomo Metal Mining Co., Ltd., the Chebistuan Project is optioned to Newmont
Corporation, and the Hunter Project is optioned to Centerra Gold Inc. In Ontario, the Company holds the
South Uchi Project under an earn-in agreement with a wholly owned subsidiary of Barrick Gold
Corporation.
In Alaska, USA, the Company owns 100% of the advanced stage Tanacross porphyry Cu-
Au-Mo project as well as a 70% interest in the Healy Project, held under joint venture with Newmont
Corporation.
Further information can be found on the Company's website
www.kenorlandminerals.com
.
Kenorland Minerals Ltd.
Zach Flood
CEO, Director
Tel: +1 604 363 1779
Kenorland Minerals Ltd.
Francis MacDonald
President
Tel: +1 778 322 8705
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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