Kenorland Minerals Begins Drilling at Regnault, Quebec
Kenorland Minerals Begins Drilling at Regnault,
Quebec
VANCOUVER, BC
,
Jan. 12, 2022
/CNW/ -
Kenorland Minerals Ltd.
(TSXV: KLD) (OTCQX: NWRCF) (FSE:
3WQ0) (
"Kenorland"
or
"the Company"
) is pleased to announce the commencement of the Q1 2022 winter
exploration program at the Regnault gold discovery within the
Frotet Project
(
"the Project"
), located in northern
Quebec
and held under joint venture (
"the Joint Venture"
) with Sumitomo Metal Mining Canada Ltd. (
"SMMCL"
).
Zach Flood
, CEO of Kenorland Minerals states, "We're thrilled to have the drills turning again at Regnault. Each
program including the initial discovery in 2020 has produced exceptional results. We anticipate further exploration
success as we continue to step-out and extend the known high-grade mineralisation to greater depths as well as
target the discovery of additional gold bearing structures within the complex."
Q1 2022 Winter Exploration Program
The Q1 2022 program will include up to 10,000 meters of diamond drilling at the Regnault gold discovery. This
program follows the recently completed 17,792 meter drill program, of which
9,824m
have been reported,
including a highlight of
15.40m
at 17.96 g/t Au (see press release dated
December 20, 2021
). The company
expects assays for the remaining
7,968m
to be announced in the coming weeks.
Regnault Drill Program
Figure 1. Plan Map of Proposed Drilling along R1 and R2 Structures
Figure 1. Plan Map of Proposed Drilling along R1 and R2 Structures (CNW Group/Kenorland Minerals Ltd.)
Approximately 60% of the proposed drilling will be allocated to step-outs along the R1 structure, targeting down
plunge extensions of higher-grade mineralisation along the vein corridor. Twelve drill holes are planned to
significantly expand the R1 vein system at depth to approximately
500m
below surface beyond the current known
extent of approximately
275m
vertical depth. Along the R2 Trend, up to 25% of the proposed program will be
allocated towards broad-spaced infill drilling to determine the structural framework linking R2 West and R2 East.
The remaining 15% of the proposed drill program is designed to expand on known mineralisation and test
additional gold-bearing structures north of the R1 corridor.
To date a total of 34,206 meters have been drilled at Regnault including the initial discovery drill program in early
2020. The program will conclude the fiscal 2021 budget approved by the Joint Venture in
May 2021
. The
upcoming fiscal 2022 budget is expected to be announced later in the first quarter. Exploration at the Frotet
Project is co-funded with Joint Venture partner, Sumitomo Metal Mining Canada Ltd. and Kenorland Minerals is
currently the operator of the Joint Venture.
About the Frotet Project
Figure 2. Map of Frotet Project showing Regional Till Sampling Geochemical Results
Figure 2. Map of Frotet Project showing Regional Till Sampling Geochemical Results (CNW Group/Kenorland
Minerals Ltd.)
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 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.
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 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,
Timmins
, Ontario. Samples were prepared for analysis according to BV method PRP70-250: individual samples
were crushed to 2mm and a 250g split was pulverized for analysis and then assayed for Gold. Gold in samples
was analyzed by fire assay with AAS finish and over-limits re-analyzed gravimetrically. In zones with macroscopic
gold the samples were first screened, and the fine fraction was fire assayed with AAS finish. Multi-element
geochemical analysis (45 elements) was performed on all samples using BV method MA200 where a 0.25g split is
heated in HNO3, HClO4, and HF to fuming and taken to dryness. The residue is dissolved in HCl and analysed by
a combination of ICP-ES/MS. All results passed the QAQC screening at the lab, and all company inserted
standards and blanks returned results that were within acceptable limits.
Qualified Person
Mr.
Jan Wozniewski
, B. Sc., P. Geo., 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. (TSX.V 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 three 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, the Chicobi Project is optioned to Sumitomo, and the Chebistuan Project is optioned
to Newmont Corporation. In
Ontario
, the Company holds the South Uchi Project under an earn-in agreement with a
wholly owned subsidiary of Barrick Gold Corporation. The Company also owns 100% of the advanced stage
Tanacross porphyry Cu-Au-Mo project as well as an option to earn up to 70% from Newmont Corporation on the
Healy Project, both located in
Alaska, USA
.
Further information can be found on the Company's website
www.kenorlandminerals.com
Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice 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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CNW 08:25e 12-JAN-22