Kenorland drills 6.65 m of 19.5 g/t Au at Frotet

Jul 11, 2022

2022-07-11 10:39 ET – News Release

Mr. Zach Flood reports

KENORLAND INTERSECTS 19.50 G/T AU OVER 6.65M ON R6 VEIN DISCOVERY AT THE FROTET PROJECT, QUEBEC

Kenorland Minerals Ltd. has released final drill results from the 2022 winter drill program at the Frotet project, located in Northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. Assays from the remaining five of 25 drill holes completed, including 2,840 metres of the 10,880-metre program, are reported herein. The company has also provided an update on its summer drill program and exploration activities currently under way at the project.

Drill highlights include the following:

22RDD133 — 6.65 m at 19.5 grams per tonne gold, including 1.06 m at 98.34 g/t Au, at R6 (new vein discovery);
22RDD135 — 1.7 m at 25 g/t Au, including 0.45 m at 87 g/t Au, at R1;
22RDD135 — Five m at 5.46 g/t Au, including 0.9 m at 21.39 g/t Au, at R8 (new vein discovery).

Zach Flood, chief executive officer of Kenorland Minerals, stated: “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 19.5 g/t Au over 6.65 m. 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 focused on following up these discoveries.”

Discussion of results

The reported five drill holes (2,840 m) 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 mineralized structure, and explore for additional mineralized structures immediately to the south of R1.

Along the R1 trend, highlights include hole 22RDD135, which stepped 135 m east from 22RDD129 (four m at 5.72 g/t Au) and intersected 1.7 m at 25 g/t Au, including 0.45 m at 87 g/t Au. Hole 22RDD135 is the easternmost drill hole along the R1 trend, demonstrating the potential for continued extension of high-grade mineralization. Drilling has successfully extended mineralization at R1 by over 100 m to the east for a known strike length of 950 m and to depths of 400 m below surface, remaining open along strike and at depth.

Directly to the south of R1, drilling discovered multiple subparallel mineralized structures, including R5, R6, R7 and R8, which have returned multiple high-grade intercepts. Hole 22RDD133 stepped 160 m to the west of 22RDD121 (5.7 m at 8.1 g/t Au) and intersected 6.65 m at 19.5 g/t Au, including 1.06 m at 98.34 g/t Au. Hole 22RDD135 returned five m at 5.46 g/t Au, including 0.9 m at 21.39 g/t Au, a 130 m stepout to the east from 22RDD129 (0.31 m at 21.8 g/t Au) and 170 m stepout to the east up dip from 22RDD121 (5.7 m at 8.1 g/t Au). The discovery of these additional mineralized structures indicates the potential for further subparallel structures at depth in the Regnault system. These results extend the strike length of mineralization along the newly discovered structures to 400 m and to 450 m at depth, remaining open along strike and at depth (see press release dated June 13, 2021).

Gold mineralization along R1, R5, R6, R7 and R8 is associated with multiple east-west-trending and north-dipping shear zones. Mineralized structures transect both the multiphase Regnault intrusive complex and surrounding volcanic rocks, and are defined by zones of moderate-strong strain, biotite-calcite plus/minus silica-chlorite alteration and disseminated pyrite (locally ranging from 3 per cent to 10 per cent). 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 per cent pyrite along with trace chalcopyrite, gold plus/minus silver tellurides and visible gold.

Scott Smits, vice-president of exploration, stated: “It’s 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 mineralized structures, constantly growing the mineralized 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 45,086 m have been drilled at Regnault, including the initial discovery drill program in early 2020. Drilling is currently under way from the recently announced fiscal 2022 exploration budget (see press release dated May 3, 2022), which will include up to 40,000 m of drilling carried out over two phases: a summer campaign from April to July, 2022, and a winter campaign from January to April, 2023. The company has completed the summer drill campaign at Regnault, consisting of 11,903 m, and has begun a first-pass drill campaign at its regional Cressida target, which is planned to include up to 2,500 m of drilling (see press release dated June 13, 2022).

Regnault summer 2022 drill program update

Kenorland has completed the 2022 summer drill program at Regnault, which includes 11,903 m from 23 drill holes. The program was designed to systematically step out along known mineralized structures and explore for additional subparallel structures to the south of the Regnault discovery area. Drilling was completed at broad-spaced stepouts along R1 and newly discovered mineralized structures (R5, R6, R7 and R8) toward the east and at depth. Additional drill holes have tested the western extensions of these newly discovered structures. Visual indications of shear-related mineralization, 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 mineralization toward the east by greater than 100 m for a known strike length of 950 m and to depths of 400 m below surface, remaining open. The newly discovered veins (R5, R6, R7 and R8) have been traced along strike for 450 m and to depths of 500 m below surface, also remaining open along strike and at depth.

Frotet regional summer 2022 drill program update

Drilling is currently under way at the company’s Cressida target. Approximately 2,500 m of diamond drilling are 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 mineralized corridor hosting the past-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 (2.5 kilometres to the northeast) and its recently discovered Beyan gold zone (three kilometres to the southwest). Drilling at Cressida is expected to be completed by mid-July.

Quality assurance/quality control 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 the Bureau Veritas Commodities laboratory in Timmins, Ont.

Sample preparation and analytical work for this drill program were carried out by Bureau Veritas Commodities in Timmins, Ont. Samples were prepared for analysis according to BV method PRP70-250. Individual samples were crushed to two millimetres (10 mesh), and a 250 g split was pulverized to 75 micrometres (200 mesh) for analysis and then assayed for gold. Samples were analyzed using BV method FA430, where a 30 g split is analyzed with fire assay by lead collection and AAS finish. Overlimit samples were reanalyzed using BV method FA530, where a 30 g split is analyzed with fire assay by lead collection and gravimetric finish. Multielement geochemical analysis (45 elements) was performed on all samples using BV method MA200, where a 0.25 g split is analyzed by multiacid digestion with ICP-MS/ES finish. All results passed the quality assurance/quality control screening at the lab. All company-inserted standards and blanks returned results that were within acceptable limits.

Qualified person

Jan Wozniewski, BSc, PGeo (EGBC No. 172781, OGQ No. 2239), a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals Ltd.

Kenorland Minerals is a mineral exploration company incorporated under the laws of British Columbia and based in Vancouver, B.C., 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 agreements with 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, the Chebistuan project is optioned to Newmont Corp., 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 Corp. In Alaska, United States, the company owns 100 per cent of the advanced-stage Tanacross porphyry copper-gold-molybdenum project, as well as a 70-per-cent interest in the Healy project, held under joint venture with Newmont.

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https://kenorlandminerals.com/