お知らせ • Jul 09
Kenorland Minerals Ltd. Provides 2025 Exploration Update
Kenorland Minerals Ltd. provided an update on its exploration activities across its portfolio of projects in Quebec, Ontario, Manitoba, Saskatchewan, New Brunswick, and Alaska, including partnerships with Sumitomo Metal Mining Canada Ltd. ("Sumitomo"), Newmont Corporation ("Newmont"), and Centerra Gold Inc. ("Centerra"). As of May 31, 2025, the Company's working capital position was approximately $24.3 million. Kenorland also holds equity interests valued at approximately $6.68 million in a portfolio of private and publicly listed companies. On June 17, 2025, Kenorland announced partial results from the Winter 2025 drill program at the Regnault gold system, located on the Frotet Project. The program, totaling 22,913 metres of diamond drilling, was operated by Kenorland and focused on infill and step-out drilling along key mineralised structures, as well as deeper drilling to test down-plunge extensions. These intercepts represent step-outs of up to 120 metres and extend mineralisation to over 1,000 metres vertical depth, further demonstrating the scale and continuity of the Regnault system. This follows the Summer 2024 campaign, which included 3.30m at 26.67 g/t Au, with 0.60m at 137.30 g/t Au from the R6 structure (24RDD223). Remaining assay results from the winter program are expected in third quarter 2025. In parallel, Kenorland announced on July 2, 2024, that it had retained BBA Consultants to initiate engineering and baseline studies in support of permitting an underground decline at Regnault. Environmental and technical baseline work began in summer 2024 and continues through 2025, alongside decline design and engineering. Sumitomo plans to proceed with an application for an attestation of exemption from COMEV, which is an initial permitting process, by end of year 2025. A maiden mineral resource estimate is anticipated by late 2025 or early 2026. Sumitomo's decision to proceed with the development of the exploration decline will be contingent on the outcomes of the baseline studies, the successful acquisition of necessary permits, and the results of a resource estimate at the Regnault gold System. Kenorland holds a 4% net smelter return (NSR) royalty on the Frotet Project, which is 100% owned and operated by Sumitomo. South Uchi Project, Ontario: On May 6, 2025, announced the completion of a maiden 27-hole, 14,365-metre diamond drill program at the South Uchi Project in Ontario's Red Lake District. Fully funded by Auranova Resources Inc. ("A Auranova"), the program targeted the Papaonga area-an extensive gold-in-till anomaly with recently discovered bedrock mineralisation. Wide-spaced fences, spaced 500 metres to over 1 kilometre apart, tested interpreted structural corridors, concealed beneath deep overburden and Papaonga Lake. Results released July 2, 2025, confirmed the discovery of a new gold system, with mineralisation intersected across a five-kilometre corridor. Highlights include 9.50m at 1.19 g/t Au (25PADD023), 28.00m at 0.39 g/t Au (25PADD014B), and 1.00m at 14.60 g/t Au (25 PADD027). A follow-up drill program of up to 5,000 metres is planned for fall 2025, pending final approval from Auranova. Chebistuan Project, Quebec: On February 18, 2025, Kenorland announce the start of the Winter 2025 drill program at The Chebistuan Project in Quebec, held under an earn-in agreement with a subsidiary of Newmont. The program was designed to include up to 3,500 metres across nine diamond drill holes at the Deux Orignaux target, following up on a 2023 drill hole that returned 157.2m at 0.41 g/t Au, including 20.61m at 0.97 g/t Au (hole 23DODD005; see press release dated June 27, 2023). Hunter Project, 2023).