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NORTHWAY RESOURCES CORP (C-NTW) - News Release
ORIGINAL: Kenorland Minerals Announces Major Grassroots Gold Discovery with Intersects up to 29m @ 8.47 g/t Au, Including 11.13m at 18.43 g/t Au, at Regnault, in the Frotet-Evans Belt of Quebec
2020-07-29 09:00 ET - News Release
NTW Close 2020-07-24 C$ 0.14
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2020) - Kenorland Minerals Limited (Private) ("Kenorland" or "the Company") is pleased to report the discovery of significant gold mineralization in multiple drill hole intersections at the Regnault target of its Frotet Project in the Frotet-Evans Greenstone Belt, Quebec, Canada. Complete results from the 15 drill hole maiden program, funded by Sumitomo Metal Mining Canada Limited ("SMMCL"), are summarized below.
Highlights include:
- The discovery of a new significant gold system in the Frotet Evans greenstone belt in an area with no known mineral occurrences or historic drilling
- Initial drilling encountered high grade gold mineralization associated with quartz veins along with lower grade, broadly disseminated gold mineralization
- Results from 20RDD007 intersected 29.08m at 8.47 g/t Au including 11.13m at 18.43 g/t Au
- Recognition of geological controls and geophysical expressions of gold mineralization which will aid in targeting for future drill programs
Table 1. Summary of Significant Intercepts
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Ag (g/t) |
| 20RDD002 | | 38.93 | 39.70 | 0.77 | 14.60 | 18.50 |
| and | 49.31 | 53.06 | 3.75 | 16.06 | 23.00 |
| incl. | 52.30 | 53.06 | 0.76 | 57.00 | 83.30 |
| 20RDD004 | | 191.80 | 217.22 | 25.42 | 0.27 | 0.24 |
| and | 256.34 | 258.93 | 2.59 | 9.89 | 10.20 |
| incl. | 257.44 | 258.93 | 1.49 | 15.26 | 17.28 |
| 20RDD007 | | 72.00 | 101.08 | 29.08 | 8.47 | 12.23 |
| incl. | 89.27 | 100.40 | 11.13 | 18.43 | 25.93 |
| and | 367.00 | 369.30 | 2.30 | 2.73 | 2.89 |
| 20RDD008 | | 31.50 | 33.00 | 1.50 | 3.54 | 6.43 |
| and | 151.00 | 151.36 | 0.36 | 25.20 | 45.30 |
| and | 160.12 | 160.43 | 0.31 | 28.40 | 15.20 |
| 20RDD009 | | 106.00 | 116.44 | 10.44 | 0.83 | 0.63 |
| 20RDD012 | | 111.67 | 117.11 | 5.44 | 5.94 | 2.10 |
| incl. | 111.67 | 112.37 | 0.70 | 35.30 | 9.90 |
| and | 212.24 | 213.46 | 1.22 | 6.15 | 2.52 |
| 20RDD014 | | 295.18 | 320.62 | 25.44 | 0.31 | 0.39 |
| and | 498.59 | 505.50 | 6.91 | 1.98 | 1.71 |
| incl. | 501.41 | 501.91 | 0.50 | 9.12 | 9.80 |
| 20RDD015 | | 47.57 | 52.50 | 4.93 | 9.59 | 18.36 |
| incl. | 51.90 | 52.21 | 0.31 | 114.30 | 237.00 |
The Regnault discovery is hosted in a multi-phase intrusive complex that ranges in composition from tonalite to diorite that intrudes into a package of intermediate block, lapilli and crystal tuffs that are located in a zone of structural complexity along an east-west trending regional deformation zone. Visible gold is observed in quartz veins hosted within biotite-calcite-pyrite-silica altered intrusive rocks. Gold mineralization is also associated with broadly disseminated pyrite hosted in zones of intense biotite-calcite alteration, along contacts of the intrusive phases. Mineralization observed in drill core is similar to that of boulders found in the Regnault target area in 2019, which assayed up to 408 g/t Au. The mineralized boulders were found within a significant gold in soil (glacial till substrate) dispersion anomaly directly down ice of the area being drilled.