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Kenorland Minerals Ltd. V.KLD

Alternate Symbol(s):  KLDCF

Metals & Mining Industrial Metals & Minerals
Kenorland Minerals Ltd. is a Canada-based mineral exploration company. The Company's principal business is the acquisition and exploration of precious metal mineral properties in North America. Its flagship properties are the Frotet Project Quebec, Canada, the Tanacross Project Alaska, United States and the Healy Project Alaska, United States. It owns or has options to acquire further interest in various projects in Manitoba, Ontario and Quebec, Canada and Alaska, United States. The Company's other projects include Osik Lake Project, South Uchi Project, South Thompson Project, O’Sullivan Project, Hunter Project, Chicobi Project and Chebistuan Project. The Frotet Property is its primary mineral property that covers approximately 39,365 hectares (ha) and is located in the Frotet-Evans Archean greenstone belt within the Opatica geological sub-province, approximately 120 kilometers (km) north of Chibougamau. Tanacross Property is located approximately 80 km northeast of Tok, Alaska.


TSXV:KLD - Post by User

Kenorland Minerals Ltd.
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Post by knoxton Jan 24, 2022 2:30pm
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Post# 34354341

Up date on news

Up date on news
Kenorland Minerals Reports Option Agreement with Centerra Gold Unit; Kenorland Minerals Falls 7.8%

 

24 Jan 202214:06 ET  

 

02:06 PM EST, 01/24/2022 (MT Newswires) -- Kenorland Minerals Ltd. (KLD.V) on Monday reported a property option agreement with a wholly-owned subsidiary of Centerra Gold Inc. (CG.TO).

Under the agreement, Kenorland has agreed to grant Centerra the option to buy up to a 70% interest in the Hunter property in the southern Abitibi Greenstone Belt, in Quebec.

On last look in Canada on Monday, Kenorland Minerals' shares fell 7.8% while Centerra Gold was down 0.9%.

Centerra can earn an initial 51% interest in the project by incurring $5 million in mineral exploration expenditures by the fourth anniversary of the option agreement. Centerra can earn an additional 19% interest in the project for an aggregate 70% interest.

Following the earning of a 70% interest, Centerra and Kenorland will form a joint venture in the project.

Price: 0.71, Change: -0.06, Percent Change: -7.79

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