Kenorland Reports 24.16 g/t Au over 4.70m at the Frotet Project, Quebec

Rhea-AI Summary

Kenorland Minerals has announced the final results from its 2024 winter drill program at the Frotet Project in Quebec. The program included 27 drill holes, totaling 18,448 meters. Key highlights include:

24RDD197: 4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au at R2

24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au at R6

The results confirmed significant mineralization in the R1, R5, R6, and R7 structures, with some veins showing as much as 163.70 g/t Au. The data will contribute to updating the geological model, potentially leading to a maiden resource estimate. Broad-spaced infill and step-out drill holes along the R6 structure defined mineralization over approximately 1,300m E-W and 300m down dip. In the R11 trend, mineralization extends to vertical depths of 1,050m below the surface. CEO Zach Flood sees this as a milestone for the high-grade Regnault gold deposit.

Positive

• 24RDD197: 4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au.
• 24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au.
• Significant mineralization over 1,300m E-W and 300m down dip in R6 structure.
• Potential for a future maiden resource estimate.
• Confirmed geometry and grade continuity of vein systems.

Negative

• No immediate resource estimate provided.
• Potential dilution of shareholder value if new funding is required.
• Assay values, while high, subject to geological variability.
• Future drilling required for comprehensive understanding and validation.

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce final drill results from the 2024 winter drill program at the Frotet Project (the "Project"), located in northern Quebec. Assays from the 27 drill holes, totaling 18,448m of drilling completed during the program, are reported herein. Kenorland currently holds a 4% net smelter return royalty and is operator of the Project.

Highlights include the following:

• 24RDD197: 4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au at R2
• 24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au at R6
• 24RDD213: 4.50m at 16.11 g/t Au incl. 0.40m at 163.70 g/t Au at R1
• 24RDD199: 5.83m at 12.36 g/t Au incl. 1.11m at 48.24 g/t Au at R9
• 24RDD202: 12.00m at 5.94 g/t Au incl. 2.50m at 21.99 g/t Au at R1
• 24RDD198: 29.50m at 2.41 g/t Au incl. 7.20m at 6.27 g/t Au at R6
• 24RDD202: 26.60m at 2.54 g/t Au incl. 2.10m at 6.04 g/t Au at R6
• 24RDD217: 9.75m at 6.91 g/t Au incl. 0.95m at 44.99 g/t Au at R6
• 24RDD202: 1.90m at 31.09 g/t Au incl. 0.55m at 103.50 g/t Au at R1
• 24RDD200A: 5.15m at 11.10 g/t Au incl. 0.60m at 73.40 g/t Au at R8
• 24RDD207: 11.10m at 5.08 g/t Au incl. 0.40m at 106.90 g/t Au at R6
• 24RDD198: 2.90m at 17.71 g/t Au incl. 0.30m at 153.70 g/t Au at R1

Figure 1. Plan map of Regnault drilling including highlights from this press release

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_001full.jpg

Zach Flood, President and CEO of Kenorland Minerals, states, "The 2024 winter program marks another milestone at the Regnault high-grade gold deposit, with over 100,000 meters drilled to date. The increased density of drilling across the vein system will lend towards a comprehensive update of the geologic model, which will pave the way for a future maiden resource estimate."

Discussion of Results

The priority objective of the 2024 winter drill program was 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 intersect with the R2 trend. Infill drilling along R1 continues to return significant results including 24RDD213 with 4.50m at 16.11 g/t Au including 0.40m at 163.70 g/t Au, and 24RDD202 returning 12.00m at 5.94 g/t Au including 2.50m at 21.99 g/t Au, and 1.90m at 31.09 g/t Au including 0.55m at 103.50 g/t Au. The completed drilling has confirmed the geometry of parallel shear hosted veins along the R1 main mineralised structure striking E-W with a steep north dip, along with stacked splay structures along the hanging wall of the R1 main structure trending towards the northeast, dipping north-northwest. Highlights from the R1 hanging wall splay structures include 24RDD198 with 2.90m at 17.71 g/t Au including 0.30m at 153.70 g/t Au, and 24RDD204 returning 2.10m at 8.55 g/t Au including 0.40m at 34.40 g/t Au.

Figure 2. Cross section through the Regnault gold system including highlights from this press release

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_002full.jpg

Broad spaced infill and step-out drill holes along the R6 mineralised structure has defined significant mineralisation over an approximate 1,300m strike length E-W, and 300m down dip. The winter 2024 drilling has confirmed the R6 structure is flat to shallow north dipping at depth, with a change in attitude towards the south and up dip, where the mineralisation strikes east-west, dipping steeply to the north. The large flexure to a shallow dip at depth appears to be controlling significant widths of mineralisation including 24RDD215 with 9.50m at 9.10 g/t Au including 1.20m at 45.92 g/t Au, a 60m step-out to the south from drill hole 23RDD167 (3.15m at 138.74 g/t Au including 0.40m at 476.40 g/t Au*). Other significant results from the R6 structure include 24RDD202 with 26.60m at 2.54 g/t Au including 2.10m at 6.04 g/t Au, located 150m south of 24RDD215, and 24RDD217 which returned 9.75m at 6.91 g/t Au including 0.95m at 44.99 g/t Au and 24RDD198 with 29.50m at 2.41 g/t Au including 7.20m at 6.27 g/t Au, located 390m and 550m to the west of 24RDD215 respectively. Geologic and vein model updates are currently underway to evaluate new geometries identified from the winter 2024 drill program.

One drill hole was completed through the southern deep portions of the Regnault gold system targeting the R2, R9, R10 and R11 trends. Drill Hole 24RDD195 returned 7.85m at 2.32 g/t Au including 0.50m at 16.80 g/t Au at R2, 9.50m at 2.76 g/t Au including 1.80m at 4.26 g/t Au within the R10 mineralised trend, and multiple intercepts of mineralisation within the R11 trend returning 1.20m at 5.11 g/t Au, 0.30m at 105.50 g/t Au, and 3.40m at 4.67 g/t Au including 0.60m at 16.90 g/t Au. The step-out at depth along the R11 trend is approximately 100m below drill hole 23RDD172 (41.85m at 2.56 g/t Au including 4.45m at 11.96 g/t Au**) and extends high grade mineralisation to vertical depths of 1,050m below surface.

Along the R4 trend to the north, a large step-out at depth was completed with drill hole 24RDD196 returning 9.60m at 3.55 g/t Au including 1.05m at 12.97, and 0.50m at 75.60 g/t Au located 160m down-dip from 23RDD187 (8.95m at 6.34 g/t Au including 1.45m at 20.27 g/t Au, and 3.20m at 2.25 g/t Au including 0.44m at 8.51 g/t Au***). Mineralisation along R4 remains open along strike, and at depth where it is projected to intersect with the R1 structures to the south and remains a priority target for additional follow-up drilling.

(* See press release May 31, 2023)
(** See press release August 8, 2023)
(*** See press release February 20, 2024)

Table 1. Table of assay results from the 2024 winter drill program

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HOLE ID		From (m)	To (m)	Interval	Au (g/t)	Ag (g/t)	Residual Au (g/t)
24RDD194		6.60	11.00	4.40	1.28	0.71
	And	106.45	108.00	1.55	3.90	2.41
	And	168.90	172.20	3.30	3.38	2.37	1.57
	Incl.	170.60	171.20	0.60	11.50	5.75
	And	199.50	212.00	12.50	0.61	0.46
	And	432.30	433.50	1.20	3.97	6.43
	And	475.00	477.70	2.70	5.94	2.97	1.01
	Incl.	477.00	477.70	0.70	20.00	9.30
24RDD195		362.00	371.00	9.00	0.80	0.87
	And	565.25	572.85	7.60	0.83	1.06
	And	581.65	589.50	7.85	2.32	3.59	1.34
	Incl.	588.00	588.50	0.50	16.80	20.70
	And	644.25	648.00	3.75	3.47	4.53	2.35
	Incl.	645.00	645.45	0.45	11.70	12.10
	And	970.40	979.90	9.50	2.76	3.61	2.41
	Incl.	972.60	974.40	1.80	4.26	6.01
	And	1216.30	1217.50	1.20	5.11	5.04
	And	1259.10	1259.40	0.30	105.50	25.00
	And	1304.20	1307.60	3.40	4.67	6.31	2.05
	Incl.	1307.00	1307.60	0.60	16.90	23.70
24RDD196		385.50	400.50	15.00	0.97	0.92
	And	413.50	423.10	9.60	3.55	3.20	2.39
	Incl.	415.95	417.00	1.05	12.97	14.84
	And	443.00	447.00	4.00	2.15	1.44
	And	483.00	483.50	0.50	75.60	16.30
24RDD197		83.50	84.35	0.85	20.15	11.44
	And	489.00	504.80	15.80	1.13	1.21
	And	551.30	556.00	4.70	24.16	12.05	2.11
	Incl.	555.20	555.60	0.40	261.20	122.80
	And	592.00	593.00	1.00	8.58	18.47
24RDD198		53.50	58.50	5.00	1.12	0.64
	And	288.40	291.30	2.90	17.71	8.50	2.02
	Incl.	291.00	291.30	0.30	153.70	76.60
	And	297.00	301.00	4.00	1.29	0.70
	And	312.00	315.50	3.50	1.59	1.21	1.37
	And	348.00	352.80	4.80	1.06	0.75
	And	545.80	575.30	29.50	2.41	3.60	1.16
	Incl.	549.80	557.00	7.20	6.27	9.70
24RDD199		288.00	300.00	12.00	0.69	0.92
	And	438.00	438.39	0.39	13.10	21.70
	And	518.44	524.27	5.83	12.36	12.03	3.92
	Incl.	518.89	520.00	1.11	48.24	48.99
24RDD200A		70.00	75.00	5.00	1.20	0.89
	And	279.75	281.45	1.70	3.25	2.52	1.13
	Incl.	279.75	280.20	0.45	9.15	6.90
	And	320.75	326.50	5.75	0.96	1.05
	And	476.15	483.70	7.55	6.19	4.37	2.59
	Incl.	481.85	483.70	1.85	17.29	12.63
	And	593.20	605.50	12.30	0.94	0.62
	And	616.30	619.10	2.80	2.64	1.79
	And	738.00	749.90	11.90	1.07	0.85	0.84
	Incl.	747.60	748.20	0.60	5.45	3.60
	And	857.20	862.35	5.15	11.10	6.53	2.88
	Incl.	859.30	859.90	0.60	73.40	38.90
	And	942.75	949.00	6.25	1.56	0.91	1.22
	Incl.	946.00	947.00	1.00	3.35	2.00
24RDD201		181.72	183.00	1.28	4.41	2.94	1.18
	Incl.	182.60	183.00	0.40	11.50	6.40
24RDD202		208.10	208.50	0.40	35.90	46.30
	And	262.25	268.50	6.25	2.20	2.39	1.05
	Incl.	262.25	262.75	0.50	15.40	12.40
	And	273.30	275.20	1.90	31.09	14.98	1.59
	Incl.	274.25	274.80	0.55	103.50	49.20
	And	282.00	294.00	12.00	5.94	3.45	1.71
	Incl.	289.40	291.90	2.50	21.99	11.34
	And	453.40	480.00	26.60	2.54	2.07	1.55
	Incl.	456.40	458.50

FAQ

What are the key results from Kenorland Minerals' 2024 winter drill program at the Frotet Project?

Key results include 24.16 g/t Au over 4.70m in drill hole 24RDD197 and 9.10 g/t Au over 9.50m in drill hole 24RDD215.

How much drilling was completed in Kenorland's 2024 winter drill program?

Kenorland completed 27 drill holes, totaling 18,448 meters.

What is significant about the R1 and R6 structures in Kenorland's Frotet Project?

The R1 and R6 structures have shown significant mineralization, including very high-grade gold results.

What are the next steps for Kenorland Minerals following the 2024 winter drill program?

Results will be used to update the geological model, potentially leading to a maiden resource estimate.

What is the stock symbol for Kenorland Minerals on the OTCQX?

The stock symbol for Kenorland Minerals on the OTCQX is KLDCF.