Kenorland Reports 24.16 g/t Au over 4.70m at the Frotet Project, Quebec
Kenorland Reports 24.16 g/t Au over 4.70m at
the Frotet Project, Quebec
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) -
Kenorland Minerals Ltd.
(TSXV:
KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("
Kenorland
" or the "
Company
") is pleased to announce final
drill results from the 2024 winter drill program at the
Frotet Project
(the "
Project
"), located in northern
Quebec. Assays from the 27 drill holes, totaling 18,448m of drilling completed during the program, are
reported herein. Kenorland currently holds a 4% net smelter return royalty and is operator of the Project.
Highlights include the following:
24RDD197:
4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au at R2
24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au at R6
24RDD213: 4.50m at 16.11 g/t Au incl. 0.40m at 163.70 g/t Au at R1
24RDD199: 5.83m at 12.36 g/t Au incl. 1.11m at 48.24 g/t Au at R9
24RDD202: 12.00m at 5.94 g/t Au incl. 2.50m at 21.99 g/t Au at R1
24RDD198: 29.50m at 2.41 g/t Au incl. 7.20m at 6.27 g/t Au at R6
24RDD202: 26.60m at 2.54 g/t Au incl. 2.10m at 6.04 g/t Au at R6
24RDD217: 9.75m at 6.91 g/t Au incl. 0.95m at 44.99 g/t Au at R6
24RDD202: 1.90m at 31.09 g/t Au incl. 0.55m at 103.50 g/t Au at R1
24RDD200A: 5.15m at 11.10 g/t Au incl. 0.60m at 73.40 g/t Au at R8
24RDD207: 11.10m at 5.08 g/t Au incl. 0.40m at 106.90 g/t Au at R6
24RDD198: 2.90m at 17.71 g/t Au incl. 0.30m at 153.70 g/t Au at R1
Figure 1. Plan map of Regnault drilling including highlights from this press release
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_001full.jpg
Zach Flood, President and CEO of Kenorland Minerals, states,
"The 2024 winter program marks
another milestone at the Regnault high-grade gold deposit, with over 100,000 meters drilled to date.
The increased density of drilling across the vein system will lend towards a comprehensive update of
the geologic model, which will pave the way for a future maiden resource estimate."
Discussion of Results
The priority objective of the 2024 winter drill program was to increase confidence of the vein system
geometry and grade continuity along the R1, R5, R6 and R7 mineralised structures and to determine
how these intersect with the R2 trend. Infill drilling along R1 continues to return significant results
including 24RDD213 with
4.50m at 16.11 g/t Au including 0.40m at 163.70 g/t Au
, and 24RDD202
returning
12.00m at 5.94 g/t Au including 2.50m at 21.99 g/t Au
, and
1.90m at 31.09 g/t Au
including 0.55m at 103.50 g/t Au
. The completed drilling has confirmed the geometry of parallel shear
hosted veins along the R1 main mineralised structure striking E-W with a steep north dip, along with
stacked splay structures along the hanging wall of the R1 main structure trending towards the northeast,
dipping north-northwest. Highlights from the R1 hanging wall splay structures include 24RDD198 with
2.90m at 17.71 g/t Au including 0.30m at 153.70 g/t Au
, and 24RDD204 returning 2.10m at 8.55 g/t
Au including 0.40m at 34.40 g/t Au.
Figure 2. Cross section through the Regnault gold system including highlights from this press release
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_002full.jpg
Broad spaced infill and step-out drill holes along the R6 mineralised structure has defined significant
mineralisation over an approximate 1,300m strike length E-W, and 300m down dip. The winter 2024
drilling has confirmed the R6 structure is flat to shallow north dipping at depth, with a change in attitude
towards the south and up dip, where the mineralisation strikes east-west, dipping steeply to the north.
The large flexure to a shallow dip at depth appears to be controlling significant widths of mineralisation
including 24RDD215 with
9.50m at 9.10 g/t Au including 1.20m at 45.92 g/t Au
, a 60m step-out to the
south from drill hole 23RDD167 (3.15m at 138.74 g/t Au including 0.40m at 476.40 g/t Au*). Other
significant results from the R6 structure include 24RDD202 with
26.60m at 2.54 g/t Au including 2.10m
at 6.04 g/t Au
, located 150m south of 24RDD215, and 24RDD217 which returned
9.75m at 6.91 g/t Au
including 0.95m at 44.99 g/t Au
and 24RDD198 with
29.50m at 2.41 g/t Au including 7.20m at 6.27
g/t Au
, located 390m and 550m to the west of 24RDD215 respectively. Geologic and vein model
updates are currently underway to evaluate new geometries identified from the winter 2024 drill program.
One drill hole was completed through the southern deep portions of the Regnault gold system targeting
the R2, R9, R10 and R11 trends. Drill Hole 24RDD195 returned 7.85m at 2.32 g/t Au including 0.50m at
16.80 g/t Au at R2,
9.50m at 2.76 g/t Au including 1.80m at 4.26 g/t Au
within the R10 mineralised
trend, and multiple intercepts of mineralisation within the R11 trend returning 1.20m at 5.11 g/t Au,
0.30m
at 105.50 g/t Au
, and 3.40m at 4.67 g/t Au including 0.60m at 16.90 g/t Au. The step-out at depth along
the R11 trend is approximately 100m below drill hole 23RDD172 (41.85m at 2.56 g/t Au including 4.45m
at 11.96 g/t Au**) and extends high grade mineralisation to vertical depths of 1,050m below surface.
Along the R4 trend to the north, a large step-out at depth was completed with drill hole 24RDD196
returning
9.60m at 3.55 g/t Au including 1.05m at 12.97
, and
0.50m at 75.60 g/t Au
located 160m
down-dip from 23RDD187 (8.95m at 6.34 g/t Au including 1.45m at 20.27 g/t Au, and 3.20m at 2.25 g/t
Au including 0.44m at 8.51 g/t Au***). Mineralisation along R4 remains open along strike, and at depth
where it is projected to intersect with the R1 structures to the south and remains a priority target for
additional follow-up drilling.
(* See press release May 31, 2023)
(** See press release August 8, 2023)
(*** See press release February 20, 2024)
Table 1. Table of assay results from the 2024 winter drill program
HOLE ID
From (m)
To (m)
Interval
Au (g/t)
Ag (g/t)
Residual Au (g/t)
24RDD194
6.60
11.00
4.40
1.28
0.71
And
106.45
108.00
1.55
3.90
2.41
And
168.90
172.20
3.30
3.38
2.37
1.57
Incl.
170.60
171.20
0.60
11.50
5.75
And
199.50
212.00
12.50
0.61
0.46
And
432.30
433.50
1.20
3.97
6.43
And
475.00
477.70
2.70
5.94
2.97
1.01
Incl.
477.00
477.70
0.70
20.00
9.30
24RDD195
362.00
371.00
9.00
0.80
0.87
And
565.25
572.85
7.60
0.83
1.06
And
581.65
589.50
7.85
2.32
3.59
1.34
Incl.
588.00
588.50
0.50
16.80
20.70
And
644.25
648.00
3.75
3.47
4.53
2.35
Incl.
645.00
645.45
0.45
11.70
12.10
And
970.40
979.90
9.50
2.76
3.61
2.41
Incl.
972.60
974.40
1.80
4.26
6.01
And
1216.30
1217.50
1.20
5.11
5.04
And
1259.10
1259.40
0.30
105.50
25.00
And
1304.20
1307.60
3.40
4.67
6.31
2.05
Incl.
1307.00
1307.60
0.60
16.90
23.70
24RDD196
385.50
400.50
15.00
0.97
0.92
And
413.50
423.10
9.60
3.55
3.20
2.39
Incl.
415.95
417.00
1.05
12.97
14.84
And
443.00
447.00
4.00
2.15
1.44
And
483.00
483.50
0.50
75.60
16.30
24RDD197
83.50
84.35
0.85
20.15
11.44
And
489.00
504.80
15.80
1.13
1.21
And
551.30
556.00
4.70
24.16
12.05
2.11
Incl.
555.20
555.60
0.40
261.20
122.80
And
592.00
593.00
1.00
8.58
18.47
24RDD198
53.50
58.50
5.00
1.12
0.64
And
288.40
291.30
2.90
17.71
8.50
2.02
Incl.
291.00
291.30
0.30
153.70
76.60
And
297.00
301.00
4.00
1.29
0.70
And
312.00
315.50
3.50
1.59
1.21
1.37
And
348.00
352.80
4.80
1.06
0.75
And
545.80
575.30
29.50
2.41
3.60
1.16
Incl.
549.80
557.00
7.20
6.27
9.70
24RDD199
288.00
300.00
12.00
0.69
0.92
And
438.00
438.39
0.39
13.10
21.70
And
518.44
524.27
5.83
12.36
12.03
3.92
Incl.
518.89
520.00
1.11
48.24
48.99
24RDD200A
70.00
75.00
5.00
1.20
0.89
And
279.75
281.45
1.70
3.25
2.52
1.13
Incl.
279.75
280.20
0.45
9.15
6.90
And
320.75
326.50
5.75
0.96
1.05
And
476.15
483.70
7.55
6.19
4.37
2.59
Incl.
481.85
483.70
1.85
17.29
12.63
And
593.20
605.50
12.30
0.94
0.62
And
616.30
619.10
2.80
2.64
1.79
And
738.00
749.90
11.90
1.07
0.85
0.84
Incl.
747.60
748.20
0.60
5.45
3.60
And
857.20
862.35
5.15
11.10
6.53
2.88
Incl.
859.30
859.90
0.60
73.40
38.90
And
942.75
949.00
6.25
1.56
0.91
1.22
Incl.
946.00
947.00
1.00
3.35
2.00
24RDD201
181.72
183.00
1.28
4.41
2.94
1.18
Incl.
182.60
183.00
0.40
11.50
6.40
24RDD202
208.10
208.50
0.40
35.90
46.30
And
262.25
268.50
6.25
2.20
2.39
1.05
Incl.
262.25
262.75
0.50
15.40
12.40
And
273.30
275.20
1.90
31.09
14.98
1.59
Incl.
274.25
274.80
0.55
103.50
49.20
And
282.00
294.00
12.00
5.94
3.45
1.71
Incl.
289.40
291.90
2.50
21.99
11.34
And
453.40
480.00
26.60
2.54
2.07
1.55
Incl.
456.40
458.50
2.10
6.04
6.04
And Incl.
464.50
469.70
5.20
4.80
3.62
And
512.65
520.50
7.85
2.72
0.98
1.55
Incl.
514.00
515.00
1.00
10.70
3.00
And
537.25
540.15
2.90
1.97
1.73
And
598.00
602.00
4.00
3.63
1.64
1.70
Incl.
600.40
601.35
0.95
9.81
3.60
And
685.90
697.90
12.00
0.85
0.80
And
767.27
771.70
4.43
1.51
1.34
24RDD203
247.00
249.70
2.70
3.09
1.64
And
560.60
575.00
14.40
1.64
1.95
1.38
Incl.
561.00
562.00
1.00
5.11
3.20
And
594.00
596.50
2.50
2.15
3.88
24RDD204
288.40
290.50
2.10
8.55
8.35
2.46
Incl.
288.40
288.80
0.40
34.40
36.60
And
407.40
422.00
14.60
2.58
2.57
1.40
Incl.
407.40
409.50
2.10
9.60
12.09
And
443.50
451.85
8.35
0.76
0.36
And
492.70
509.70
17.00
3.16
2.98
1.39
Incl.
508.20
509.70
1.50
21.50
21.83
And
515.00
516.80
1.80
2.97
2.43
1.14
Incl.
516.40
516.80
0.40
9.36
6.00
24RDD205
283.80
291.00
7.20
0.73
0.90
24RDD206
28.12
29.00
0.88
6.24
5.20
And
395.40
395.70
0.30
28.70
15.30
And
408.00
423.00
15.00
0.63
0.69
24RDD207
535.00
538.50
3.50
10.24
6.58
1.04
Incl.
537.80
538.50
0.70
47.00
27.30
And
544.30
555.40
11.10
5.08
3.55
1.27
Incl.
551.10
551.50
0.40
106.90
70.40
24RDD208
8.95
15.25
6.30
1.46
0.60
And
53.30
60.00
6.70
2.20
0.84
And
109.40
118.50
9.10
1.00
0.70
And
247.00
248.53
1.53
3.76
5.18
2.29
Incl.
248.23
248.53
0.30
9.76
18.30
And
334.37
339.26
4.89
1.77
1.12
1.51
Incl.
334.37
334.86
0.49
4.12
1.80
And
375.33
375.64
0.31
19.00
0.80
And
463.86
471.50
7.64
2.88
3.96
1.41
Incl.
463.86
464.20
0.34
34.50
48.40
And
499.50
501.00
1.50
4.15
4.60
And
705.50
708.00
2.50
5.03
3.98
2.73
Incl.
706.50
707.00
0.50
14.20
9.60
24RDD209
41.00
42.00
1.00
7.87
4.32
And
221.40
222.80
1.40
9.52
15.27
1.57
Incl.
221.90
222.30
0.40
29.40
49.70
And
253.50
255.50
2.00
4.93
6.22
1.14
Incl.
254.10
254.55
0.45
18.00
23.40
And
284.50
291.00
6.50
4.93
3.24
1.16
Incl.
285.00
286.80
1.80
14.77
8.48
And
311.55
312.55
1.00
7.93
3.85
And
327.75
328.65
0.90
7.58
7.97
And
505.00
523.00
18.00
1.46
1.24
And
559.50
564.25
4.75
1.38
0.84
1.16
Incl.
561.35
561.70
0.35
4.13
1.40
And
566.50
566.85
0.35
17.80
4.00
And
579.00
585.80
6.80
1.13
0.50
24RDD210
110.00
111.50
1.50
4.80
3.40
2.22
Incl.
110.75
111.10
0.35
13.30
8.00
And
318.90
324.15
5.25
3.25
3.06
1.06
Incl.
319.25
321.00
1.75
7.62
7.06
And
533.30
561.70
28.40
1.84
1.67
1.51
Incl.
558.00
559.35
1.35
8.34
12.55
24RDD211
407.40
430.00
22.60
0.73
0.91
And
467.00
468.00
1.00
12.00
17.00
And
480.00
482.50
2.50
2.48
2.24
24RDD212
162.00
166.00
4.00
1.27
1.00
And
169.00
172.70
3.70
6.99
5.45
2.65
Incl.
169.95
171.35
1.40
14.13
9.98
And
313.40
314.55
1.15
5.21
2.42
And
500.15
505.20
5.05
7.84
6.83
1.65
Incl.
500.15
500.50
0.35
45.40
30.90
And Incl.
503.10
503.90
0.80
21.55
22.75
And
591.50
598.30
6.80
1.00
0.67
24RDD213
16.50
18.85
2.35
2.53
1.21
And
209.60
210.05
0.45
121.50
167.70
And
237.00
241.50
4.50
16.11
10.92
1.71
Incl.
238.20
238.60
0.40
163.70
107.50
And
555.80
569.50
13.70
2.01
1.97
1.67
Incl.
562.10
563.10
1.00
6.32
6.20
And
577.75
583.60
5.85
1.21
0.91
24RDD214
139.00
142.50
3.50
2.55
3.21
And
461.90
462.30
0.40
31.60
16.70
24RDD215
45.40
64.95
19.55
0.67
0.55
And
136.10
144.00
7.90
0.76
0.63
And
476.90
486.40
9.50
9.10
11.08
3.78
Incl.
482.80
484.00
1.20
45.92
61.98
And
856.50
861.40
4.90
3.19
3.06
1.83
Incl.
858.40
859.00
0.60
12.90
11.40
And
891.00
892.00
1.00
5.45
3.81
24RDD216
415.57
433.50
17.93
0.85
0.82
24RDD217
242.00
247.25
5.25
1.65
1.75
1.26
Incl.
246.00
246.70
0.70
4.21
4.30
And
296.00
300.00
4.00
2.44
1.07
1.86
Incl.
296.60
297.45
0.85
4.58
1.90
And
304.60
307.00
2.40
2.54
1.52
And
556.00
565.75
9.75
6.91
6.40
2.80
Incl.
561.85
562.80
0.95
44.99
46.13
And
608.00
630.00
22.00
0.92
0.59
24RDD218
361.55
363.45
1.90
6.82
1.88
And
483.25
486.70
3.45
2.23
2.76
1.54
Incl.
486.20
486.70
0.50
6.25
8.60
24RDD219
478.45
480.00
1.55
4.61
4.51
And
484.40
493.00
8.60
2.88
3.94
1.71
Incl.
489.50
490.00
0.50
21.80
37.30
And
628.60
629.10
0.50
29.60
16.40
24RDD220
337.50
345.70
8.20
3.43
5.30
1.00
Incl.
337.50
338.20
0.70
29.40
49.60
Table 2. Drill collar table of reported drill holes from the 2024 winter drill program
Hole ID
Easting (NAD83)
Northing (NAD83)
Elevation (m)
Depth (m)
Dip
Azimuth
24RDD194
519839
5620911
376.9
594.00
-59
167
24RDD195
519519
5620678
376.6
1404.00
-55
161
24RDD196
520113
5620900
376.6
621.00
-53
331
24RDD197
519404
5620586
374.4
633.00
-57
159
24RDD198
519251
5620939
374.8
681.00
-52
158
24RDD199
519322
5620413
374.5
543.00
-55
152
24RDD200
519707
5620986
375.5
216.00
-63
160
24RDD200A
519711
5620984
375.5
969.00
-61
161
24RDD201
519247
5620339
374.5
375.00
-58
155
24RDD202
519792
5620970
375.9
852.00
-59
166
24RDD203
519266
5620885
374.9
624.00
-50
159
24RDD204
519618
5621024
374.6
744.50
-60
156
24RDD205
519235
5620440
374.5
450.00
-58
154
24RDD206
519313
5620657
374.6
615.00
-57
155
24RDD207
519317
5620829
374.7
606.00
-50
148
24RDD208
519708
5621122
374.3
816.00
-59
160
24RDD209
519553
5620953
374.9
669.00
-57
156
24RDD210
519340
5620934
374.6
663.00
-55
159
24RDD211
519315
5620526
374.9
540.00
-56
157
24RDD212
519498
5620859
374.1
660.00
-50
163
24RDD213
519407
5620900
374.3
630.00
-52
161
24RDD214
519171
5620798
375.5
618.00
-54
157
24RDD215
519764
5621102
374.4
960.00
-60
158
24RDD216
519169
5620628
374.8
504.00
-56
155
24RDD217
519449
5620915
374.3
660.00
-57
159
24RDD218
519567
5620860
374.4
612.00
-57
158
24RDD219
519203
5620828
374.3
639.00
-59
159
24RDD220
519420
5620503
375.0
549.00
-50
152
About the Frotet Project
The Project covers 39,365 hectares of the Frotet-Evans greenstone belt within the Opatica geological
sub-province of Quebec. The property is adjacent to the past-producing Troilus Gold Corporation's Au-
Cu mine (9.23Moz Au indicated resource) and covers several major deformation zones associated with
known orogenic gold prospects, as well as stratigraphy hosting VMS deposits elsewhere in the belt.
Kenorland initially staked the Project in 2017 and then entered into a joint venture and earn-in agreement
with Sumitomo Metal Mining Canada Ltd. ("
Sumitomo
") in 2018.
The Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo
in 2020 following two years of systematic exploration. Since the initial discovery, Regnault has seen
extensive exploration, totaling 100,721 meters of drilling (220 drillholes).
On February 19, 2024, Kenorland closed a transaction to exchange its 20% participating interest in the
Frotet Joint Venture with Sumitomo to a 4% NSR Royalty. Kenorland remains the operator for a
minimum of one year from the transaction closure date (see press release dated February 20, 2024).
The Project is located 100 kilometers to the north of Chibougamau, Quebec. Favorable infrastructure
exists in the Project area with an extensive forestry road network as well as the Route-du-Nord crossing
the southwestern portion of the property. A power transmission line also crosses through the property
which supplied power to the past producing Troilus mine.
Figure 3. Map of the Frotet Project and Royalty
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_003full.jpg
*T
echnical Report and Mineral Resource Estimate on the Troilus Gold-Copper Project, Mineral Resources Effective Date: 02 October 2023
**The Frotet Royalty is subject to the following buy down rights in favour of Sumitomo:
A 0.25% royalty interest may be purchased for a C$3,000,000 cash payment to Kenorland within five (5) years of the grant of the Frotet Royalty
A 0.50% royalty interest may be purchased for a C$10,000,000 cash payment to Kenorland within ten (10) years of the grant of the Frotet Royalty
In the event Sumitomo exercises the foregoing buy down rights, the Frotet Royalty would be reduced to an uncapped 3.25% net smelter return
royalty on all minerals extracted from the Project
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 Bureau
Veritas Commodities ("
BV
") laboratory in Timmins, Ontario.
Sample preparation and analytical work for this drill program were carried out by BV. 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 QA/QC screening at the
lab, all company inserted standards and blanks returned results that were within acceptable limits.
Qualified Person
Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), "Qualified Person" under National Instrument 43-101, has
reviewed and approved the scientific and technical information in this press release.
About Kenorland Minerals