VANCOUVER, BC, October 6, 2021 / PRNewswire / – Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (“Kenorland” Where “the Society“) is pleased to present the geochemical results of its third phase of theâ drill for plow âsonic geochemical sampling program at the Chicobi project (the “Project”), located in the Abitibi greenstone belt Quebec and held under an option to acquire a joint venture agreement with Sumitomo Metal Mining Canada Limited (SMMCL). The company is also pleased to announce the start of detailed geophysical surveys for diamond drilling targeting, tentatively scheduled for the first quarter of 2022.
Kenorland, with SMMCL, has been exploring the Chicobi Project since 2019 using overburden drilling methods to sample glacial till and bedrock top under the glaciolacustrine clay layer that obscures large areas of the greenstone belt. from northern Abitibi. To date, three phases of sonic drilling, totaling 441 drill holes, have been completed across the project, yielding approximately 1,500 samples for gold grain counts, heavy mineral concentrate assays and assays. geochemicals of till. These drilling campaigns systematically filtered the property regionally, covering over 50,000 hectares, to a coherent gold and multi-element till anomaly (target B) of approximately 1.5 km x 3 km d. ‘extent.
Figure 1. Lithology and geochemistry results from the Chicobi project
Zach Deluge, President and CEO, said: “We are very pleased to report the results of our extraordinary efforts to effectively explore what we consider to be the Abitibi border. The clay belt presents a unique exploration challenge that can only be overcome by applying methods such as ‘drill-to-plow’ sampling, which has been effective in detecting mineral systems in other cover environments. deep glacial. ”
Highlights of the program
The Company has received all assays and counts of gold grains from Phase 3 of the sonic till geochemical drilling program. A coherent, gold-bearing, multi-element (Cu, Zn, Ag, As, Sb) anomaly, “Target B”, was identified from three separate till drill sampling campaigns that began with the regional survey. across the property during the summer. of 2019. Detailed geophysical surveys are planned for fall 2021 to refine drill targets within the anomaly. These geophysical surveys include high resolution drone magnetism, induced polarization (IP) and ground electromagnetism (EM). The first diamond drilling tests are tentatively scheduled for the first quarter of 2022.
Till drilling programs have been carried out using sonic drill rigs to penetrate through glaciolacustrine clay into the underlying glacial till. Sonic drill cores were recovered from 1.5 m intervals of the rig and transported to the Kenorland warehouse in Amos, Quebec. The cores were recorded for surface materials and stratigraphic information, then split in the center. Half of the Sonic Core has been stored for archival purposes. The other half of the core was sent for analysis of gold grain count (overload drilling management methodology), analysis of heavy mineral concentrates and geochemical analysis of fine fraction of till. .
Figure 2. Surface geology and geochemistry results from the Chicobi project
Gold grain counts and heavy mineral concentrate assays
Overburden Drilling Management (ODM) received and weighed 10 kilogram till samples, then removed a 300 gram fraction for archiving. The samples were sieved to +/- 2mm: the +2mm fraction was recorded for the pebble lithology and the -2mm size fraction was sent to a vibrating table for the heavy mineral concentration. After the shaker table, the concentrates were micro-assisted for additional concentration of heavy minerals. At this point, visible gold grains were counted by ODM staff, along with other metallic minerals.
After counting the gold grains, the breaded concentrate was then sent to a heavy liquid separation using a liquid with a density (SG) of 3.3. Heavy minerals that have a density> 3.3 g / cm3 sink to the bottom of the chamber during this process. > 3.3 g / cm3 The SG minerals were then subjected to ferromagnetic separation to remove magnetic minerals such as magnetite and ilmenite. The resulting concentrate was sent to Actlabs for Induced Neutron Activation (INAA) analysis, and a 0.5 g fraction was sent for aqua regia – ICP-MS analysis.
Geochemical analysis of till
After splitting the sonic drill core, a material sample was taken from the entire length of the 1.5 m half a carrot until about a kilogram of material is extracted. Till geochemistry samples were sent to Bureau Veritas in Timmins, Ontario, where they were dried and then sieved to -63 microns. A 30 gram aliquot of -63 micron material was digested in aqua regia and then analyzed by ICP-MS.
About the Chicobi project
Figure 3. Kenorland Minerals Quebec project locations
The Chicobi project covers 51,257 hectares and over 45 kilometers of direction along the Chicobi Deformation Zone (ZDC), a major structural rupture, still under-explored, intersecting the Abitibi greenstone belt. Ontario and Quebec. Along the longitudinal direction of the project, the ZDC is marked by the juxtaposition of a large sedimentary basin and volcanic units, and polymictic conglomerates of the late âTimiskaming typeâ basin. The ZDC is analogous to the other major faults that harbor world-class gold deposits in Abitibi, such as the Cadillac-Larder Lake, Casa-BÃ©rardi, and Sunday lake – Lower Detour deformation zones, and has the potential to host significant orogenic gold and VMS mineralization.
The Chicobi project is held under an option to acquire a joint venture agreement with Sumitomo Metal Mining Canada Limited (SMMCL) where SMMCL has the option to earn up to 51% interest by financing 4.9 million Canadian dollars in exploration expenses. SMMCL then has the opportunity to earn an additional 19% by funding a 10 million Canadian dollars exploration expenses within three years of the initial acquisition period. Kenorland would then retain a 30% stake. If either party is diluted below 10%, its stake will be converted to an uncapped NSR of 2%.
Sir. Jan Wozniewski, B. Sc., P. Geo., OGQ (# 2239) is the “qualified person” under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.
About Kenorland Minerals
Kenorland Minerals Ltd. (TSX.V KLD) is a mining exploration company incorporated under the laws of the Province of British Columbia and based at Vancouver, British Columbia, Canada. Kenorland is focused on early to late stage exploration in North America. The Company currently has three projects in Quebec when the work is completed under a joint venture and a third party acquisition agreement. The Frotet project is owned as a joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi project is optional to SMMCL and the Chebistuan project is optional to Newmont Corporation. The Company also owns 100% of the late-stage Tanacross Porphyry Cu-Au project as well as an option to gain up to 70% from Newmont Corporation on the Healy project, both located at Alaska, United States.
Further information is available on the Company’s website www.kenorlandminerals.com
Kenorland Minerals Ltd.
President and CEO
Phone. : +1 604 363 1779
[email protected] Kenorland Minerals Ltd.
Executive Vice President
Phone. : +1 778 322 8705
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations. of these words, or statements that certain actions, events or results âmayâ, âcouldâ, âwouldâ, âcouldâ, âwill be takenâ, âoccurâ or âbe achievedâ. Forward-looking statements involve risks, uncertainties and other factors described under the heading âRisk Factorsâ and elsewhere in documents filed by the Company with Canadian securities regulators, which could cause the results, actual performance, prospects and opportunities differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in the preparation of these forward-looking statements are reasonable based on information currently available to management at the date hereof, actual results and developments may differ materially from those contemplated in these statements. statements. therefore, cautioned not to place undue reliance on any such statements, which apply only as of the date of this press release, and no guarantees can be given that such events will occur within the times disclosed or at all . Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Kenorland Minerals Ltd.
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