Kenorland Minerals prepares 2025 drill program at Deux Orignaux, Newmont Advances Earn-In
Kenorland Minerals Ltd. has announced plans for a winter 2025 drill program at the Deux Orignaux prospect within its Chebistuan Project in Quebec. Newmont Corporation, Kenorland’s exploration partner, has elected to advance to Phase 2 of its earn-in, potentially increasing its ownership in the project by an additional 29%.
Winter 2025 Drill Program
The winter 2025 drill campaign, greenlit by Newmont, will involve up to 3,500 meters of drilling at the Deux Orignaux target. This phase aims to explore the lateral and down-dip extents of the mineralized syenite encountered in hole 23DODD005, which returned 157.20 meters at 0.41 g/t Au, including 20.61 meters at 0.97 g/t Au. Drilling will also focus on geophysically identified targets indicating potential syenite plugs. Set to begin in Q1 2025, the program underscores Kenorland’s role as the project operator.
Phase 2 Earn-In
To complete the Phase 2 Earn-In, Newmont will:
1. Issue a one-time cash payment of C$200,000, which Kenorland confirms receipt of.
2. Incur expenses to define a 1.5 million ounce gold resource through a pre-feasibility study, in line with NI 43-101 standards, within six years.
On completion, Newmont’s interest would rise from 51% to 80%, with Kenorland retaining 20%. Both companies may jointly pursue further exploration and development, with Kenorland holding the option for Newmont to finance its mine development costs if construction is approved.
Deux Orignaux Prospect
The Deux Orignaux area is a grassroots exploration target identified through extensive geochemical, geophysical, and drill surveys conducted from 2020 to 2023. Located at the regional contact between sedimentary and volcanic rock, the target’s mineralized intrusion shows high potential, featuring disseminated pyrite and sphalerite, along with a potassic and albite alteration assemblage.
About the Chebistuan Project
Acquired by Kenorland in 2019, the Chebistuan Project spans 100 kilometers along an east-west deformation zone, potentially an extension of the Sunday Lake Deformation Zone, host to Detour Lake and Fenelon deposits. Newmont has already earned a 51% stake in the project, and by advancing to Phase 2, aims to reach an 80% interest over six years by defining a 1.5Moz resource and fulfilling financial obligations.
About Kenorland Minerals
Vancouver-based Kenorland Minerals Ltd. is a mineral exploration company advancing early-stage projects across North America through partnerships and option-to-joint-venture agreements. Its flagship projects include the Chebistuan Project in Quebec and the Regnault gold system, discovered in partnership with Sumitomo Metal Mining.
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