Kenorland Minerals begins drill program at Frotet

Jan 12, 2022

2022-01-12 09:19 ET – News Release

Mr. Zach Flood reports

KENORLAND MINERALS BEGINS DRILLING AT REGNAULT, QUEBEC

Kenorland Minerals Ltd. has commenced the Q1 2022 winter exploration program at the Regnault gold discovery within the Frotet project, located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd.

Zach Flood, chief executive officer 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 mineralization 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 metres of diamond drilling at the Regnault gold discovery. This program follows the recently completed 17,792-metre drill program, of which 9,824 m have been reported, including a highlight of 15.40 m at 17.96 grams per tonne gold (see press release dated Dec. 20, 2021). The company expects assays for the remaining 7,968 m to be announced in the coming weeks.

Regnault drill program

Approximately 60 per cent of the proposed drilling will be allocated to step-outs along the R1 structure, targeting down plunge extensions of higher-grade mineralization along the vein corridor. Twelve drill holes are planned to significantly expand the R1 vein system at depth to approximately 500 m below surface beyond the current known extent of approximately 275 m vertical depth. Along the R2 trend, up to 25 per cent of the proposed program will be allocated toward broad-spaced infill drilling to determine the structural framework linking R2 West and R2 East. The remaining 15 per cent of the proposed drill program is designed to expand on known mineralization and test additional gold-bearing structures north of the R1 corridor.

To date a total of 34,206 m 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-financed with joint venture partner, Sumitomo Metal Mining and Kenorland Minerals is currently the operator of the joint venture.

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-hectare property was acquired through map staking in March, 2017, and optioned to Sumitomo, 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 Sumitomo and Kenorland with interests being held at 80 per cent and 20 per cent respectively. Under the joint venture, exploration is financed pro-rata and Kenorland is presently the operator of the project. Any party which does not contribute and is diluted below a 10-per-cent interest, converts its interest to an 2-per-cent uncapped net smelter royalty.

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 to maintain a chain-of-custody and transported from Chibougamau to BV laboratory in Timmins, Ont.

Sample preparation and analytical work for this drill program was carried out by Bureau Veritas Commodities, Timmins, Ont. Samples were prepared for analysis according to BV method PRP70-250: individual samples were crushed to two millimetres and a 250-gram split was pulverized for analysis and then assayed for gold. Gold in samples was analyzed by fire assay with AAS finish and overlimits reanalyzed gravimetrically. In zones with macroscopic gold the samples were first screened, and the fine fraction was fire assayed with AAS finish. Multielement geochemical analysis (45 elements) was performed on all samples using BV method MA200 where a 0.25-gram split is heated in HNO3, HClO4 and HF to fuming and taken to dryness. The residue is dissolved in HCl and analyzed by a combination of ICP-ES/MS. All results passed the QA/QC screening at the lab, and all company inserted standards and blanks returned results that were within acceptable limits.

Qualified person

Jan Wozniewski, BSc, PGeo, OGQ (No. 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 Ltd.

Kenorland Minerals is a mineral exploration company incorporated under the laws of the province 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 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 Corp. In Ontario, the company holds the South Uchi project under an earn-in agreement with a wholly owned subsidiary of Barrick Gold Corp. The company also owns 100 per cent of the advanced-stage Tanacross porphyry copper-gold-molybdenum project as well as an option to earn up to 70 per cent from Newmont on the Healy project, both located in Alaska, United States.

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https://kenorlandminerals.com/