Kenorland Minerals’ (TSXV: KLD) Frotet challenge within the Frotet-Evans greenstone belt of Quebec, 100 km north of Chibougamau, is shaping as much as be a probably important gold system, says Zach Flood, Kenorland’s president and CEO.
The junior gold explorer just lately accomplished a 30-hole (8,591 metres) winter drill program on the Regnault gold discovery on Frotet, with 14 of the 15 assay outcomes reported thus far intersecting important mineralisation.
Highlights included drillholes 21RDD024, which intersected 5.72 metres grading 90.56 grams gold per tonne and 109.95 grams silver per tonne ranging from 82.07 metres, and 21RDD037, a 250-metre step-out to the west of 21RDD024, returning 25.33 metres grading 6.29 grams gold and seven.59 grams silver from 132 metres.
The most recent spherical of drilling has led to a a lot better understanding of the Regnault system, stated Flood. “These preliminary drill outcomes are very thrilling, with the high-grade gold intercepts indicating the presence of a sturdy mineralised system. The drilling has additionally significantly improved our understanding of the orientation of the gold-bearing buildings at Regnault.”
Found throughout an preliminary 15-hole drill program in early 2020, following two years of property-wide systematic regional exploration, Regnault lies inside an space of no identified mineral occurrences or historic drilling. The invention gap, 20RDD007, intersected 29.08 metres grading 8.47 grams gold per tonne and 12.23 grams silver per tonne from 72 metres.
The most recent drilling comprised step-outs from this preliminary drill program. This has delineated roughly 550 metres of mineralisation alongside a vein hall referred to as R1, which stays open to the east, west, and down dip.
The current drill outcomes, stated Flood, confirmed “that we weren’t simply fortunate with our first go drill program final 12 months at Regnault however proceed to intercept excessive grade gold mineralization and, most significantly, we’re now defining the structural controls of the system.”
As exploration has superior at Regnault, he continued, “we’ve outlined a footprint masking an space of two kilometres by 500 metres that hosts high-grade mineralisation alongside a number of buildings.”
Following completion of the 2021 winter drill program in Could, Sumitomo Steel Mining Canada Ltd., a wholly-owned subsidiary of Japanese miner and smelter Sumitomo Steel Mining Co., has elevated its stake in Frotet to 80% as a part of an earn-in possibility settlement by offering a further $4 million to fund additional exploration.
A three way partnership between Kenorland (20%) and Sumitomo (80%) will now advance the challenge, with exploration funded on a pro-rata foundation. Kenorland will proceed because the operator of the challenge, receiving a ten% administration charge on the general finances.
Kenorland and Sumitomo plan to conduct as much as 20,000 metres of further diamond drilling at Regnault, together with infill and step-outs on the R1 vein, in addition to concentrating on further mineralized buildings inside the Regnault development. This subsequent part of exploration is slated to start in July.
“We’re now shifting right into a extra superior part of drilling that’s designed to systematically infill and step out horizontally and vertically additional alongside the R1 construction,” defined Flood. “As much as 10,000 meters of drilling will go straight into R1.”
Kenorland additionally plans to conduct floor exploration of its 161,025-hectare Chebistuan challenge within the northern Abitibi greenstone belt of Quebec, 30 km west of the city of Chibougamau.
This system will accumulate 800 infill B-horizon soil samples and 220 C-horizon until samples. Gold main Newmont (TSX: NGT; NYSE: NEM) will fund this system underneath an exploration settlement that features a three way partnership possibility. Beneath the settlement, Kenorland stays the operator of the challenge.
“We’re wanting ahead to working with Newmont to advance this intensive greenfield exploration challenge, the place we plan to take the identical strategy as that adopted at Frotet,” stated Flood.
Along with Chebistuan, Kenorland has a number of different greenfields initiatives in Quebec and Ontario, together with Chicobi, positioned within the central Abitibi Greenstone Belt, which can also be optioned to Sumitomo Steel Mining.
On the opposite aspect of the continent, Kenorland is ramping up exploration in Alaska.
The corporate has just lately kicked off a 4,000-metre preliminary diamond drill program on the Healy Venture within the Goodpaster District of Alaska close to the world-class Pogo gold mine owned by Northern Star Sources (ASX: NST).
The drilling is designed to check a number of large-scale gold in soil anomalies which had been initially recognized by Newmont in 2012 and 2013. Kenorland optioned the challenge from Newmont in 2018 and has carried out a number of exploration packages since then to refine drill targets.
Additionally in Alaska, the corporate is advancing drill targets on its superior stage Tanacross porphyry copper challenge, positioned close to the border of the Yukon. The corporate plans to check these targets in the direction of the tip of the summer time, wrapping up a really lively discipline season within the state.
“If there’s one factor that’s sure, there isn’t any scarcity of thrilling and impactful exploration taking place in 2021,” stated Flood. “Our aim is to make extra discoveries, and to do this, we’re pursuing aggressive exploration on a number of fronts.”
The previous Joint-Enterprise Article is PROMOTED CONTENT sponsored by KENORLAND MINERALS and produced in cooperation with The Northern Miner. Go to www.kenorlandminerals.com for extra info.