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Kenorland Minerals commences 2024 winter drill program at Frotet

Jan 25, 2024

"We're very excited to commence winter drilling at the Regnault gold discovery after very recently completing an asset exchange agreement with Sumitomo to convert our joint venture interest to a 4% NSR Royalty. Kenorland will remain operator of the project throughout the year, and we look forward to providing further updates as the exploration continues." said Zach Flood, President and CEO of Kenorland Minerals.

The priority objective of the Winter 2024 drill program is 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 structures intersect with the R2, R3, and R8 trends. Approximately 70% of the proposed drilling will be targeting infill and step-outs along the R5, R6, and R7 mineralised structures at depth, optimized to infill mineralisation of the R1 structure. Seventeen drill holes are planned to infill the R1 vein system to 50m spacing or less, while targeting the R5, R6, R7 and R8 mineralised structures with 50-100m infill and step-out pierce points at depth down to 750m below surface. Within the central portion of the Regnault deposit, seven drill holes for 20% of the proposed program will target possible intersections between the R2 and R3 structures with the R6, R7 and R8 mineralisation, associated with veins in drill hole 23RDD162 which returned 7.10m at 12.24 g/t Au including 1.70m at 45.14 g/t Au in 2023. The remaining 10% of planned drilling will target broad step-outs at depth along the R4 structures, and the recently discovered R10 and R11 vein systems from drill hole 23RDD172 which returned 41.85m at 2.56 g/t Au including 4.45m at 11.96 g/t Au.

Kenorland Minerals Ltd. is pleased to announce the commencement of the 2024 winter exploration program at the Frotet Project (the "Project"), located in northern Quebec. The Company recently entered into a definitive agreement to exchange its 20% interest in a joint venture with Sumitomo Metal Mining Canada Ltd. ("Sumitomo") for a 4% NSR royalty (see press release dated January 16, 2024). Kenorland is currently the operator of the Project and expects to close the asset exchange with Sumitomo before the end of January. 

Q1 2024 Winter Exploration Program

The Winter 2024 program will include up to 17,600m of diamond drilling at the Regnault gold discovery. This program follows the recently completed Fall 2023 exploration program comprised of 20 drill holes for 11,918m of drilling, of which, results are expected to be released during Q1 2024. The proposed drill plan will focus on infill and step-out targets along the R1, R5, R6 and R7 mineralised structures, as well as broad step-outs along the R4 structures in towards the north, and R9, R10, and R11 structures within the southern portions of the deposit area.

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