Kenorland Minerals Ltd. (KLD-V) : Regnault! On prépare la suite…
https://kenorlandminerals.com/wp-content/uploads/2021/01/Kenorland-Minerals-Press-Release-210119.pdf
Kenorland back in January 19, 2021 reported on results from the 2020 geochemical sampling programs and current geophysics work at the Regnault target within the Frotet Project located in the Frotêt-Evans greenstone belt of Québec in preparation for winter drilling.
Indirect pathfinders: Additional geochemical sampling results, including fine-fraction geochemistry (B-horizon), gold grain counts, as well as boulder assays are helping vector into gold targets. All samples were collected to the SW of the Regnault Discovery Area (RDA) where 2020 drilling intersected up 29.08m @ 8.47g/t Au (including 11.13m at 18.43g/t Au). Saliently, fine-fraction Au-in-till geochemistry anomaly has been increased in length from 2.75 km to 5 km. Gold grain counts by IOS Services Geoscientifique Inc. (ArtGOLD and ArtPHOT methodologies) returned up to 313 pristine gold grains from 59 till samples in the Regnault South Area and suggest that additional mineralized bedrock sources may be located to the SW of the Regnault Discovery Area (RDA). Boulder samples returned gold values up to 6.46 g/t Au, with best gold values found in bleached, silicified basalt, a rock type that has not been intersected in drilling to date and may represent a potential new bedrock source of gold.
Detailed geophysics: In addition, a 129 line-km 3D IP (induced polarization) geophysical survey covering the entire 5 km Regnault trend (glacial dispersion plume) is currently in progress. The original IP survey (200m spacing) that was conducted in January 2020 was critical in targeting the initial RDA. The current IP survey over the RDA is at 50m spacing and 100m line spacing over the Regnault South area. The 2021 IP survey has two objectives: i) target definition in areas where gold was intersected in initial scout drilling within the RDA, as well as ii) the identification of new targets within the South Area, where no drilling has been completed to date.
More drilling: Of interest is a ~9,000m diamond drill program is set to commence in March 2021. ~6,000m of drilling shall be allocated to the RDA, and an additional ~3,000m shall be allocated to testing new target areas along trend at Regnault South. We understand drill ice pads are being prepared.
Kenorland is new a mineral exploration company focused on generating quality early to advanced stage exploration plays in North America. It holds 3 district scale projects in Québec where work is being completed under an earn-in agreement from quality 3rd parties. The Frotet and Chicobi Projects, are optioned to Sumitomo Metal Mining Canada Ltd. while the Chebistuan Project, is optioned to Newmont Mining. It also owns in La Belle Province the O’Sullivan project proximal to Cartier Resources (ECR-V) Benoist project (see: https://www.dhirubhai.net/pulse/cartier-resources-inc-ecr-v-set-advance-benoist-project-eric-lemieux/) and the Hunter project, near Duparquet and ~45km south of Normétal and Amex Exploration’s (AMX-V) Perron project (https://www.dhirubhai.net/pulse/amex-exploration-inc-amx-v-increasing-drill-program-perron-lemieux/). Kenorland also owns 100% of the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska.
Important Disclosures
Kenorland Minerals Ltd.?????????????????????????
B????????????The Mining Analyst, in his own account or in a family related account, owns securities in excess of 10,000 shares of the issued and outstanding equity securities of this issuer.
R????????????This issuer has indirectly paid the Mining Analyst.?
Update - March 4, 2021:
Kenorland Commences Drilling at Regnault on the Frotet Project in Québec
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Kenorland Minerals Ltd. reported the commencement of a 9,000m drilling program at its Regnault discovery within the Frotet Project located in the Frotêt-Evans greenstone belt of Québec.
The objective of the drill program shall be to follow-up on the initial Regnault discovery made in 2020 where up to 29.08m at 8.47g/t Au (including 11.13m at 18.43g/t Au) was intersected during a maiden drill program testing generated greenfield targets. Up to ~6,000m of drilling shall be allocated to the Regnault discovery area by stepping out on a ~2km strike from previous significant drill intercepts.?Additional drilling of ~3,000m shall focus on the ‘Regnault South’ area, where a 3km dispersion till trend remains unexplored and largely along strike to the initial discovery area.??A 129 line-km 3D IP survey is in progress and has and shall help in refining the drill targeting.
Recall the Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectively study over the Abitibi and Frotêt-Evans Greenstone Belts. The Frotêt-Evans greenstone belt hosts the Troilus Au-Cu deposit owned by Troilus Gold (TLG-T). Troilus produced >2 M oz. Au and ~70,000 tons of Cu between 1996-2010, and currently contains 4.3Moz Au indicated and 2.76Moz Au inferred for a total of 8.1 M oz Au eq (as of July 20, 2020). Urbangold Minerals (UGM-V) is also active in the immediate area to the SE (see:?https://www.dhirubhai.net/posts/eric-lemieux-9468715_quebec-troilus-gold-activity-6771148485438779392-HtFM).
The initial 55,921 ha property was acquired through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd., a wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd. in April, 2018. Following 2 years of property-wide systematic till sampling, astute vectoring led to the 2020 maiden drill program which resulted in a significant grassroots discovery (Regnault). The project is currently owned 65% Sumitomo Metal and 35% Kenorland, and Sumitomo Metal has the option to earn an additional 15% (80% total) by funding an additional $4M before October 1st, 2021.?Once a joint venture is formed, any party which is diluted below a 10% interest shall convert their interest to a 2% uncapped NSR royalty.??
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More to discover.
Update - April 14, 2021:
Kenorland Minerals Ltd.?and SUMITOMO METAL MINING CANADA LTD. announce additional 2021 exploration budget
On April 14, 2021, Kenorland Minerals Ltd. reported with Sumitomo Metal Mining Canada Ltd. (“SMMCL”) plans for additional exploration on the Frotet Project, northern Québec. The summer 2021 exploration budget has been increased to $6.6M. This exploration budget has been approved by the Frotet Management Committee and vectored toward continued exploration during the summer months at the Frotet Project with majority of funds allocated for additional diamond drilling at the Regnault discovery. In addition, monies shall be allocated to surface exploration on other target areas within the 39,365ha property. Upon completion of the current drill program, it is anticipated that SMMCL shall have met its expenditure requirements and earned an additional 15% interest (for a total of 80% in the Project). Kenorland shall remain operator of the joint venture throughout the next phase of exploration and the additional budget to be funded pro-rata, with Kenorland contributing 20% of the total exploration expenditures.?
A current 9,000m drill program is well underway with ~5,742m completed to date, including 22 of the planned 32 drill holes. Up to 4,680m of core samples have been shipped to Bureau Veritas (BV) labs with the first batch of results expected before the end of May 2021. Initial drilling focused on the “Regnault Discovery Area” following up on known mineralized structures. Current drilling is presently directed along strike and to the south of the Discovery Area testing additional regional targets within the Regnault trend. The previously announced 3D IP (induced polarization) survey, covering the entire 5-km trend, has now been completed and the remaining drill targets for the current program have been finalized.
Recall the Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectively study over the Abitibi and Frotêt-Evans Greenstone Belts. The Frotêt-Evans greenstone belt hosts the Troilus Au-Cu deposit owned by Troilus Gold (TLG-T). Troilus produced >2 M oz. Au and ~70,000 tons of Cu between 1996-2010, and currently contains 4.3Moz Au indicated and 2.76Moz Au inferred for a total of 8.1 M oz Au eq (as of July 20, 2020). Urbangold Minerals (UGM-V) was recently acquired by Troilus (see:?https://www.dhirubhai.net/pulse/urbangold-minerals-inc-ugm-v-falls-troilus-golds-good-eric-lemieux/). Kenorland continues to perfect and develop their understanding of the significant Regnault gold discovery and we understand that both Kenorland and SMMCL are encouraged enough by what they are seeing in the current drilling to commit to further substantial exploration this summer.
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Merveilleux!
Site Visit on August 9, 2021
More to come....
Metals and Mining Professional
3 年Great summary Eric!