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Kenorland hits 19.95 g/t Au over 19.25m at the Frotet Project, Quebec

Feb 20, 2024

"The latest results from the fall 2023 drill program continue to demonstrate the exceptional high-grade nature of the Regnault gold deposit," said Zach Flood, President and CEO of Kenorland Minerals, "It's an incredible gold system and we've been fortunate to take it from grassroots discovery to the advanced stages of exploration today."

Kenorland Minerals Ltd. is pleased to announce final drill results from the 2023 fall drill program at the Frotet Project, located in northern Quebec. The company also announces that, further to its press release dated January 16, 2024, it has completed the exchange with Sumitomo Metal Mining Canada Ltd. of the Company's 20% participating interest in the Frotet Project for a 4.0% net smelter return royalty (the "Frotet Royalty") on all minerals extracted from the Project. Assays from the 20 drill holes, totaling 11,918m of drilling completed during the 2023 fall drill program, are reported herein.

Highlights include the following: 

  • 23RDD185: 19.25m at 19.95 g/t Au incl. 1.90m at 106.48 g/t Au at R6
  • 23RDD177: 1.00 m at 174.54 g/t Au incl. 0.30m at 579.30 g/t Au at R1
  • 23RDD193: 35.45m at 2.90 g/t Au incl. 1.70m at 15.52 g/t Au at R4
  • 23RDD175: 17.65m at 4.59 g/t Au incl. 1.08m at 43.96 g/t Au at R5
  • 23RDD177: 11.31m at 6.89 g/t Au incl. 2.12m at 26.37 g/t Au at R5
  • 23RDD176: 10.70m at 5.67 g/t Au incl. 2.00m at 14.99 g/t Au at R5
  • 23RDD182: 1.00m at 54.40 g/t Au at R2
  • 23RDD187: 8.95m at 6.34 g/t Au incl. 1.45m at 20.27 g/t Au at R4

"In addition, we're delighted to announce the close of a transaction resulting in Kenorland now owning a 4% NSR royalty on the project, received in exchange for our 20% minority interest in the prior joint venture with Sumitomo Metal Mining. Sumitomo is a well-established, leading global mining and materials company, and we look forward to continuing to work with them closely as we operate the project over the upcoming year." 

Discussion of Results

Much of the reported drilling was designed as broad step-outs and infill along known mineralised trends throughout the Regnault deposit. Along the R5, R6, R7 and R8 structural corridors, significant step-out results include 23RDD176 intersecting 10.70m at 5.67 g/t Au including 2.00m at 14.99 g/t Au, 23RDD175 returning 17.65m at 4.59 g/t Au including 1.08m at 43.96 g/t Au, and 23RDD177 returning 11.31m at 6.89 g/t Au including 2.12m at 26.37 g/t Au. These holes successfully extended R5 mineralisation to the west, to 450m vertical depth and remains open. Infill and step-out targets along the eastern portions of the R1, R5, R6, R7 and R8 mineralised structures intersected additional high-grade mineralisation including 23RDD192 with 2.20m at 17.45 g/t Au including 0.30m at 98.50 g/t Au, a step-out at depth along R1. 23RDD185 intersected 19.25m at 19.95 g/t Au including 1.90m at 106.48 g/t Au, infill along R6, located 70m to the west of hole 22RDD144 that returned 10.08m at 4.43 g/t Au including 0.59m at 27.10 g/t Au (see press release dated November 14, 2022). Drilling within this area has extended known mineralisation to greater than 775m vertical depth with 23RDD188 returning 3.40m at 2.72 g/t Au including 0.50m at 12.20 g/t Au along the R8 vein set.

Tags: Quebec / Exploration / Gold / All Articles