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Kenorland Minerals Ltd. V.KLD

Alternate Symbol(s):  KLDCF

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

Post by knoxton Feb 28, 2024 8:40am
43 Views
Post# 35903338

news is out

news is out

 

ORIGINAL: Kenorland Minerals Identifies Significant Gold-in-Till Geochemical Anomaly at the 100% Owned South Uchi Project in the Red Lake District of Northwestern Ontario

 

2024-02-28 08:31 ET - News Release

 

Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce results from its 2023 large-scale geochemical and prospecting surveys targeting gold, nickel-copper, and lithium mineral systems at its 100% owned South Uchi Project (the "Project"), located 45 kilometers along strike to the east of Kinross Gold's Great Bear Project (formerly, Dixie Lake) in the Red Lake District of northwestern Ontario.

South Uchi Highlights:

  • Widespread (~40km2) gold-in-till anomaly at the Papaonga target area (see Figure 2)
  • Strong multi-element signature associated with gold anomalism (Au-Ag-Te-W±As-Sb)
  • Located in the Confederation Assemblage volcanics within the Red Lake Mining District
  • Complex structural and geologic setting, prospective for orogenic gold systems
  • Limited historical exploration within the target area, including no historical drilling
  • Detailed follow-up exploration program planned in 2024 to generate drill targets

Figure 1. Regional volcanic assemblages with significant gold deposits and South Uchi Project location

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_001.jpg

1 Kinross reports 2023 fourth-quarter and full-year results: (Date February 14, 2024) — Updated resource to the technical report titled Great Bear Project Ontario, Canada prepared by Nicos Pfeiffer, P.Geo,, John Sims, CPG, Yves Breau, P.Eng., Rick Greenwood, P.Geo., Agung Prawasono, P.Eng., issued February 13, 2023

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_001full.jpg

Papaonga Target Area (Gold)

Since regaining 100% control of the South Uchi Project in January 2023 (see press release dated January 19, 2023), Kenorland has completed a large-scale geochemical sampling survey including approximately 2,800 fine fraction till samples, 700 heavy mineral concentrate ("HMC") till samples, and 630 rock samples. The survey focused on a number of different mineral system targets (Au, Ni-Cu, Li) across the 83,385-hectare property. Results from the fine fraction till sampling identified the Papaonga target, defined by a large-scale, coherent gold-in-till anomaly and a strong multi-element signature of Au-Ag-Te-W±As-Sb. The Papaonga gold-in-till anomaly covers approximately five kilometers striking east-west and eight kilometers northeast-southwest following the prominent ice flow direction. There has been very limited historical exploration, and no historical drilling has occurred within the geochemical source target area.

Figure 2. Map of Papaonga target area showing regional till sampling geochemical results

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_002.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_002full.jpg

Zach Flood, President and CEO, comments, "The gold anomaly we've outlined at the Papaonga target is one of the most extensive anomalies we've identified to date, after completing several large-scale systematic geochemical surveys in glaciated terranes across various projects within our portfolio. The most exciting aspect of this anomaly is the location in the prolific Red Lake Mining District, within the Confederation Assemblage volcanics, a geologic setting similar to that of the Great Bear Project (formerly, Dixie Lake). There has been minimal meaningful exploration in the area and we believe the widespread gold-in-till anomalism could be related to an undiscovered gold system. We're very excited to get back on the ground this summer with an aggressive exploration program aimed at defining drill targets."

Geologic Interpretation of the Papaonga Target

The Papaonga target is located within the eastern pressure shadow of an interpreted early (pre to syn-tectonic) quartz-diorite pluton bounded by regional 1st order, major east-west trending deformation zones to the north and south. Northeast to east-west trending 2nd order linking structures have intensely strained, folded and offset geologically complex stratigraphy comprised of tholeiitic mafic volcanics, calc-alkaline mafic volcanics, and clastic sedimentary rocks intercalated with iron formation. Previous mapping has noted strong penetrative fabric within all rock types (intrusive, volcanic and sedimentary rocks) following the east-west and northeast orientations. A weak to strong silica-sericite-iron carbonate alteration and sulphide mineralisation has also been mapped across the Papaonga target area and is coincident with the gold-in-till anomalism. Kenorland believes these results are indicative of a structural setting capable of hosting orogenic gold mineralisation.

Figure 3. Geological map of Papaonga Target area

Cannot view this image? Visit: https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_003.jpg

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/199590_e6ae1027f4e9f9f1_003full.jpg

2024 Planned Exploration Program

Kenorland is planning a detailed mapping and prospecting campaign within the Papaonga target area for the 2024 summer field season, focusing on the identified 'head' (source) of the gold-in-till glacial dispersal plumes. In addition, 10kg HMC till samples will be collected across the target area for gold grain counts and analysis. The Company also recently completed a high resolution airborne magnetic survey covering the Papaonga target area. The goal of the 2024 exploration campaign is to develop drill targets for testing in 2025.

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