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Kenorland Minerals Ltd. (OTCQX: NWRCF) has initiated its Q1 2022 winter exploration program at the Regnault gold discovery within the Frotet Project in northern Quebec. The program will encompass up to 10,000 meters of diamond drilling, building on the previous 17,792 meters drilled. Significant past results include 15.40 meters at 17.96 g/t Au. The project, a joint venture with Sumitomo Metal Mining Canada Ltd., aims to extend high-grade mineralization and discover additional gold structures, with initial results expected soon.
Kenorland Minerals Ltd. (OTCQX: NWRCF) announced initial results from its 17,792-meter diamond drill program at the Regnault gold discovery in Quebec. The program focused on expanding known mineralized zones, revealing significant gold intercepts in multiple holes. Highlights include 15.40m at 17.96 g/t Au from hole 21RDD056A and 3.00m at 32.21 g/t Au from hole 21RDD060. The R1 and R2 Trends show potential for further mineralization, with plans for additional drilling in January 2022. The ongoing exploration demonstrates promising continuity and grade in gold mineralization.
Kenorland Minerals (OTCQX: NWRCF) announced a $5.2 million strategic investment from Sumitomo Metal Mining on November 3, 2021. Sumitomo acquired 5,211,945 common shares at $1.00 each, taking a 10.1% stake in Kenorland. The funds will be allocated 80% for exploration and 20% for general administrative expenses. As part of the deal, Sumitomo gains board representation and rights to maintain its stake in future offerings while agreeing to trading restrictions for two years.
Kenorland Minerals Ltd. (OTCQX: NWRCF) announced the successful completion of a Phase 2 geochemical survey at the Chebistuan Project in Quebec. This survey followed an initial survey and involved 2,121 soil samples and 225 till samples, revealing multiple gold and pathfinder element anomalies. Future plans include detailed prospecting and geophysical surveys to refine drill targets. The Chebistuan Project, covering 161,025 ha, is under an exploration agreement with Newmont Corporation, which could earn up to 80% interest through phased expenditures.
Kenorland Minerals Ltd. (OTCQX: NWRCF) announces positive geochemical results from its third phase of the sonic drill-for-till sampling program at the Chicobi Project in Quebec. The project covers over 51,000 hectares in the Abitibi greenstone belt, and the latest results reveal a gold and multi-element anomaly, 'Target B', measuring approximately 1.5km x 3km. Geophysical surveys are scheduled for fall 2021, with diamond drilling planned for Q1 2022. The program has generated around 1,500 samples from 441 drill holes since 2019, allowing Kenorland and its partner, Sumitomo, to refine their exploration strategy.
Kenorland Minerals Ltd. (OTCQX: NWRCF) announced that its shares have received approval for DTC eligibility in the US, enhancing liquidity and transferability for investors. This eligibility facilitates easier electronic transactions between brokerage accounts and potentially attracts new investors. Kenorland focuses on mineral exploration in North America, with significant projects in Quebec and Alaska, including joint ventures with major corporations like Newmont and Sumitomo Metal Mining.
Kenorland Minerals has signed an Option Agreement with Barrick Gold Corporation, allowing Barrick to earn up to an 80% interest in the South Uchi Project in Northwestern Ontario. Barrick must incur $6 million in exploration costs within six years, including $3 million guaranteed in the first three years, and prepare a technical report showing a resource of at least one million ounces of gold. Following the initial earning phase, a joint venture will be formed, with potential for further interest acquisition through a feasibility study.
Kenorland Minerals (OTCQX: NWRCF) announced updates on its 2021 exploration activities across multiple North American projects. The company reported extensive drilling operations, including an 18,000m program at the Frotet Project in Quebec and a 5,000m maiden drill program at the Healy Project in Alaska. Over C$17 million is invested in exploration, with C$11 million funded through partners. The company anticipates over C$2 million in revenue from management fees this year, underscoring its commitment to maximizing shareholder returns through exploration success.
Gold Royalty Corp. (GROY) announced a C$2 million private placement investment for a 12.5% stake in Prospector Royalty Corp. (PRC). This strategic alliance includes a royalty referral arrangement, allowing GROY access to PRC's proprietary royalty database. CEO David Garofalo expressed optimism about leveraging PRC's capabilities to enhance GROY's royalty generation. The investment aims to align both companies for mutual growth. Tim Young, a seasoned prospector, joins GROY's Advisory Board, further strengthening the company's position in the market.
Kenorland Minerals Ltd. (OTCQX: NWRCF) has started trading on the OTCQX market, enhancing its visibility and accessibility for U.S. and global investors. This move allows Kenorland to benefit from a U.S. stock presence while continuing to trade on the TSXV as "KLD" and the Frankfurt Stock Exchange as "3WQ0." President Zach Flood expressed enthusiasm for the expanded trading opportunities. The OTCQX platform is designed for developing companies, facilitating transparent trading and improving liquidity for investors.
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