Kenorland drills117.86 g/t gold over 1.77 metres at Frotet, Quebec
Kenorland Minerals Ltd. [KLD-TSXV; NWRCF-OTCQX; 3WQ0-FSE] reported final drill results from the 2021 summer-fall drill program at the Regnault gold discovery within the Frotet Project in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. (80%/Kenorland 20%). Assays from the remaining 25 of 57 drill holes completed, including 7,968 metres of the 17,792-metre program, are reported herein. The company also provides an update on the recently completed winter drill program, including the announcement of additional vein discoveries at Regnault.
Highlights included drill hole 21RDD088 that returned 1.77 metres at 117.86 g/t gold at R2 West. Hole 21RDD100 returned 6.88 metres at 23.79 g/t gold, including 2.60 metres at 60.77 g/t gold at R1. Hole 21RDD085 returned 0.61 metres at 48.00 g/t gold at R2 West. Hole 21RDD105 returned 2.50 metres at 11.15 g/t gold, including 0.30 metres at 84.60 g/t gold at R1. Hole 21RDD094 returned 0.92 metres at 22.04 g/t gold at R1. Discovery of the R5 Vein and three additional vein structures to the south of R1 during the current 2022 winter drill campaign (assays pending).
Zach Flood, CEO of Kenorland Minerals, stated, “The last remaining results from the 2021 drill program continue to demonstrate the exceptional high-grade nature of the Regnault gold system, including the most significant intercept at R2 to date. We have also completed the 2022 winter drill program which concludes the fiscal 2021 budget cycle. On this program we pushed drilling southward well beyond the R1 veins and intersected a series of additional parallel shear veins at depth. The significance of this development cannot be understated as it confirms the potential for additional vein discoveries within the intrusive complex. We anticipate the 2022 fiscal budget to be finalised towards the end of the month and we look forward to continuing our advancement of this remarkable gold discovery.”
The reported 25 drillholes (7,968m) follow the previously reported 32 drillholes of the 2021 summer-fall drill program completed in October 2021. The drill program was designed to systematically test along strike and down-dip extents of the R1, R2 East and R2 West mineralised structures at Regnault.
A winter drilling program has recently concluded which explored for additional mineralized structures at depth within Regnault gold system. The discovery of these additional structures has advanced the understanding of the Regnault system and resulted in a revised interpretation of a stacked set of mineralised vein/alteration corridors localised within and around the multiphase Regnault intrusive complex. This development in targeting has greatly increased the potential for the discovery of additional vein/alteration zones beyond the currently defined extents of the mineralised system.
Prior to the announcement of the company’s winter 2022 drill program (see press release dated January 12, 2022) a total of 34,206 metres had been drilled at Regnault including the initial discovery drill program in early 2020. The recently completed program, included 10,880 metres of drilling between 25 drill holes concludes the fiscal 2021 budget approved by the Joint Venture in May 2021.
Kenorland has entered into an investor relations agreement with MI3 Communications Financieres Inc.
The company holds four projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties.