Kenorland Minerals Ltd.
| Projects in Hand
Kenorland Minerals Ltd. is a mineral exploration company focused on early to advanced stage exploration in North America. Kenorland currently holds five projects in Quebec where work is being completed under joint venture and earn-in agreements from third parties. The Frotet Project and Chicobi Project are held under joint venture with Sumitomo, the O'Sullivan Project is optioned to Sumitomo, the Chebistuan Project is optioned to Newmont Corporation and the Hunter Project is held under option to Centerra Gold Inc. In Alaska, Kenorland holds the advanced stage Tanacross porphyry Cu-Au-Mo project, optioned to Antofagasta, as well as a 70% interest in the Healy Project, held under joint venture with Newmont Corporation.
Frotet Project, Northern Quebec
Regnault Gold Discovery
Regnault: New Discoveries 2022
22RDD111:2.00m at 20.43 g/t Au, including 0.70 m at 46.20 g/t Au
22RDD130A:3.85m at 44.95 g/t Au, including 1.20 m at 127.83 g/t Au
22RDD124:4.00 m at 10.17 g/t Au, including 1.35 m at 25.99 g/t Au
22RDD121:5.70 m at 8.10 g/t Au, including 230 m at 15.72 g/t Au
22RDD144:2.91 m at 31.52 g/t Au, including 0.34 m at 253.50 g/t Au
22RDD144:1.85 m at 31.75 g/t Au, including 0.33 m at 147.80 g/t Au
22RDD144:10.08 m at 4.43 g/t Au, including 0.59 m at 27.10 g/t Au
22RDD136:20.55 m at 2.80 g/t Au, including 3.50 m at 10.72 g/t Au
22RDD135:5.00 m at 5.46 g/t Au, including 0.90 m at 21.39 g/t Au
22RDD133:6.65 m at 19.50 g/t Au, including 1.06 m at 98.34 g/t Au
22RDD141A:20.79 m at 2.78 g/t Au, including 1.50 m at 15.28 g/t Au
2023 Winter Exploration Program and Budget
A total exploration budget of C$6.5 million has been approved by the joint venture for the winter drill program underway at the Regnault gold discovery on the Frotet Project. The drill program will include up to 22,000m of diamond drilling over 25 drill holes. Approximately 50% of the proposed drilling will focus on broad step-outs expanding the recent vein discoveries along the R5, R6, R7 and R8 structures. These thirteen drill holes are planned to extend mineralisation from 500m to 650m depth from surface, stepping out from and below high-grade intersections returned from the 2022 program.
Management, Directors and Advisors
Zach Flood, President, CEO and Director
Mr. Flood is an economic-exploration geologist with global experience focused on various commodities over the past 15 years. Mr. Flood co-founded Kenorland Minerals in 2016. Prior to Kenorland, Mr. Flood spent numerous years within the Ivanhoe Group, undertaking project generation and business development, including evaluation of early to advanced stage M&A opportunities in the mining sector.
Enoch Kong, CPA, Chief Financial Officer
Mr. Kong has more than 10 years of extensive experience in controllership and financial reporting for public companies in the oil and gas and junior exploration sectors listed in Canada and United States.
Scott Smits, Vice President of Exploration
Mr. Smits has been involved in a broad range of positions and responsibilities, including mineral exploration and project evaluations since 2007. His most recent role was Senior Geologist within Newmont Mining Corporation’s Exploration Development Group.
Janek Wozniewski, P.Geo., Vice President of Operations
Mr. Wozniewski is an exploration geologist and geoscientist with experience in early to late-stage mineral exploration projects as well as mid-stream oil and gas projects in Canada, US, Australia and Peru. Since 2009, he has consulted with several junior to major energy and resource companies and has gained a broad multidisciplinary skillset with a focus on program planning and project management.
Dave Stevenson, Chief Geoscientist
Andy Orr, Chief Geologist
Alex Gallardo, Exploration Manager
Vytautas Banys, Exploration Manager
Mikhail Minin, Data Scientist
Rick Trotman, Director
Jamie Levy, Director
Jay Sujir, Director
Jessica van Den Akker, Director
Yu Yamato, Director
Peter Meredith, Advisor
Francis MacDonald, Lead Technical Advisor
David Broughton, Technical Advisor
David I. Groves, Technical Advisor
On May 10, 2023, Kenorland Minerals Ltd. has provided a summary of its 2023 activities, highlighting significant advancements in exploration across the majority of the company's portfolio, as well as the addition of several new projects recently acquired through generative efforts.
The total planned exploration expenditures on properties in which Kenorland holds direct or royalty interests is anticipated to be approximately C$33 million, which includes approximately C$29 million in exploration financed by partners. With a significant project pipeline and a robust treasury of C$18 million, Kenorland is well positioned to achieve continued success. The Company remains committed to responsible exploration practices and looks forward to delivering positive results to its stakeholders in the coming year.
On April 26, 2023, Kenorland Minerals Ltd. has released details of the 2023 exploration program and budget at the Tanacross project, located in eastern Alaska and held under an earn-in agreement with Antofagasta Minerals SA, a wholly owned subsidiary of Antofagasta PLC. 2023 summer drill program and budget:
The summer drill program, operated by Kenorland, will include up to 4,500 metres of diamond drilling to test three primary target areas: East Taurus, West Taurus and South Taurus. The approved 2023 budget for the drill program is approximately $3.8-million (U.S.) and will be carried out from June through August.
This drill program follows the surface work completed last summer, including the collection of 800 infill soil samples along with detailed induced polarization and magnetotelluric surveys covering the West Taurus-McCord Creek-East Taurus trend, as well as detailed extremely low-requency electromagnetic (ELF EM) and ground gravity surveys over the South Taurus anomaly.
On April 21, 2023, Further to the investor rights agreement dated Nov. 5, 2021, between Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada Ltd., Sumitomo has notified the company of its intent to exercise its top-up right and retain its 10.1-per-cent interest in the company.
An aggregate of 20,006 common shares will be issued for aggregate consideration of $15,520.14, representing 14,289 common shares at a price of 78.08 cents per share, and an additional 5,617 shares at a price of 77.68 cents per share all in accordance with the IRA, subject to the approval of the TSX Venture Exchange. A copy of the IRA is available on the company's SEDAR profile.
On March 06, 2023, Kenorland Minerals Ltd. has commenced diamond drilling at the Chebistuan project, located in the northern Abitibi greenstone belt of Quebec, and held under an exploration agreement with Newmont Corp.
2023 exploration program and budget: A total exploration budget of $1.5-million has been approved by Newmont for the 2023 winter exploration program. The program will include 3,500 metres of diamond drilling, including three drill fences to test bedrock across a structural corridor at the Deux Orignaux target area. Drilling activities will be carried out from late February to early April, 2023.
February 16, 2023, Targa Exploration Enters into Operator Services Agreement with Kenorland Minerals
January 23, 2023, Kenorland Announces 2023 Winter Drill Program at the Frotet Project and Grants Stock Options
January 19, 2023, Kenorland Announces Termination of South Uchi Earn-in Agreement with Barrick Gold Corp.
January 18, 2023, Kenorland Minerals Announces Preliminary Metallurgical Results at the Frotet Project