Kenorland Minerals Ltd. press release
Kenorland Reports 24.16 g/t Au over 4.70m at the Frotet Project, Quebec
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Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce final drill results from the 2024 winter drill program at the Frotet Project(the "Project"), located in northern Quebec. Assays from the 27 drill holes, totaling 18,448m of drilling completed during the program, are reported herein. Kenorland currently holds a 4% net smelter return royalty and is operator of the Project.
Highlights include the following:
24RDD197:4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au at R2 24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au at R6 24RDD213: 4.50m at 16.11 g/t Au incl. 0.40m at 163.70 g/t Au at R1 24RDD199: 5.83m at 12.36 g/t Au incl. 1.11m at 48.24 g/t Au at R9 24RDD202: 12.00m at 5.94 g/t Au incl. 2.50m at 21.99 g/t Au at R1 24RDD198: 29.50m at 2.41 g/t Au incl. 7.20m at 6.27 g/t Au at R6 24RDD202: 26.60m at 2.54 g/t Au incl. 2.10m at 6.04 g/t Au at R6 24RDD217: 9.75m at 6.91 g/t Au incl. 0.95m at 44.99 g/t Au at R6 24RDD202: 1.90m at 31.09 g/t Au incl. 0.55m at 103.50 g/t Au at R1 24RDD200A: 5.15m at 11.10 g/t Au incl. 0.60m at 73.40 g/t Au at R8 24RDD207: 11.10m at 5.08 g/t Au incl. 0.40m at 106.90 g/t Au at R6 24RDD198: 2.90m at 17.71 g/t Au incl. 0.30m at 153.70 g/t Au at R1
[](https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_001full.jpg)
Figure 1. Plan map of Regnault drilling including highlights from this press release
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_001full.jpg
Zach Flood, President and CEO of Kenorland Minerals, states, "The 2024 winter program marks another milestone at the Regnault high-grade gold deposit, with over 100,000 meters drilled to date. The increased density of drilling across the vein system will lend towards a comprehensive update of the geologic model, which will pave the way for a future maiden resource estimate."
Discussion of Results
The priority objective of the 2024 winter drill program was to increase confidence of the vein system geometry and grade continuity along the R1, R5, R6 and R7 mineralised structures and to determine how these intersect with the R2 trend. Infill drilling along R1 continues to return significant results including 24RDD213 with 4.50m at 16.11 g/t Au including 0.40m at 163.70 g/t Au, and 24RDD202 returning 12.00m at 5.94 g/t Au including 2.50m at 21.99 g/t Au, and 1.90m at 31.09 g/t Au including 0.55m at 103.50 g/t Au. The completed drilling has confirmed the geometry of parallel shear hosted veins along the R1 main mineralised structure striking E-W with a steep north dip, along with stacked splay structures along the hanging wall of the R1 main structure trending towards the northeast, dipping north-northwest. Highlights from the R1 hanging wall splay structures include 24RDD198 with 2.90m at 17.71 g/t Au including 0.30m at 153.70 g/t Au, and 24RDD204 returning 2.10m at 8.55 g/t Au including 0.40m at 34.40 g/t Au.
[](https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_002full.jpg)
Figure 2. Cross section through the Regnault gold system including highlights from this press release
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_002full.jpg
Broad spaced infill and step-out drill holes along the R6 mineralised structure has defined significant mineralisation over an approximate 1,300m strike length E-W, and 300m down dip. The winter 2024 drilling has confirmed the R6 structure is flat to shallow north dipping at depth, with a change in attitude towards the south and up dip, where the mineralisation strikes east-west, dipping steeply to the north. The large flexure to a shallow dip at depth appears to be controlling significant widths of mineralisation including 24RDD215 with 9.50m at 9.10 g/t Au including 1.20m at 45.92 g/t Au, a 60m step-out to the south from drill hole 23RDD167 (3.15m at 138.74 g/t Au including 0.40m at 476.40 g/t Au*). Other significant results from the R6 structure include 24RDD202 with 26.60m at 2.54 g/t Au including 2.10m at 6.04 g/t Au, located 150m south of 24RDD215, and 24RDD217 which returned 9.75m at 6.91 g/t Au including 0.95m at 44.99 g/t Auand 24RDD198 with 29.50m at 2.41 g/t Au including 7.20m at 6.27 g/t Au, located 390m and 550m to the west of 24RDD215 respectively. Geologic and vein model updates are currently underway to evaluate new geometries identified from the winter 2024 drill program.
One drill hole was completed through the southern deep portions of the Regnault gold system targeting the R2, R9, R10 and R11 trends. Drill Hole 24RDD195 returned 7.85m at 2.32 g/t Au including 0.50m at 16.80 g/t Au at R2, 9.50m at 2.76 g/t Au including 1.80m at 4.26 g/t Auwithin the R10 mineralised trend, and multiple intercepts of mineralisation within the R11 trend returning 1.20m at 5.11 g/t Au, 0.30m at 105.50 g/t Au, and 3.40m at 4.67 g/t Au including 0.60m at 16.90 g/t Au. The step-out at depth along the R11 trend is approximately 100m below drill hole 23RDD172 (41.85m at 2.56 g/t Au including 4.45m at 11.96 g/t Au) and extends high grade mineralisation to vertical depths of 1,050m below surface.
Along the R4 trend to the north, a large step-out at depth was completed with drill hole 24RDD196 returning 9.60m at 3.55 g/t Au including 1.05m at 12.97, and 0.50m at 75.60 g/t Aulocated 160m down-dip from 23RDD187 (8.95m at 6.34 g/t Au including 1.45m at 20.27 g/t Au, and 3.20m at 2.25 g/t Au including 0.44m at 8.51 g/t Au*). Mineralisation along R4 remains open along strike, and at depth where it is projected to intersect with the R1 structures to the south and remains a priority target for additional follow-up drilling.
(* See press release May 31, 2023) ( See press release August 8, 2023) (* See press release February 20, 2024)
Table 1. Table of assay results from the 2024 winter drill program
| HOLE ID | From (m) | To (m) | Interval | Au (g/t) | Ag (g/t) | Residual Au (g/t) | | | 24RDD194 | | 6.60 | 11.00 | 4.40 | 1.28 | 0.71 | | | And | 106.45 | 108.00 | 1.55 | 3.90 | 2.41 | | | | And | 168.90 | 172.20 | 3.30 | 3.38 | 2.37 | 1.57 | | | Incl. | 170.60 | 171.20 | 0.60 | 11.50 | 5.75 | | | | And | 199.50 | 212.00 | 12.50 | 0.61 | 0.46 | | | | And | 432.30 | 433.50 | 1.20 | 3.97 | 6.43 | | | | And | 475.00 | 477.70 | 2.70 | 5.94 | 2.97 | 1.01 | | | Incl. | 477.00 | 477.70 | 0.70 | 20.00 | 9.30 | | | | 24RDD195 | | 362.00 | 371.00 | 9.00 | 0.80 | 0.87 | | | And | 565.25 | 572.85 | 7.60 | 0.83 | 1.06 | | | | And | 581.65 | 589.50 | 7.85 | 2.32 | 3.59 | 1.34 | | | Incl. | 588.00 | 588.50 | 0.50 | 16.80 | 20.70 | | | | And | 644.25 | 648.00 | 3.75 | 3.47 | 4.53 | 2.35 | | | Incl. | 645.00 | 645.45 | 0.45 | 11.70 | 12.10 | | | | And | 970.40 | 979.90 | 9.50 | 2.76 | 3.61 | 2.41 | | | Incl. | 972.60 | 974.40 | 1.80 | 4.26 | 6.01 | | | | And | 1216.30 | 1217.50 | 1.20 | 5.11 | 5.04 | | | | And | 1259.10 | 1259.40 | 0.30 | 105.50 | 25.00 | | | | And | 1304.20 | 1307.60 | 3.40 | 4.67 | 6.31 | 2.05 | | | Incl. | 1307.00 | 1307.60 | 0.60 | 16.90 | 23.70 | | | | 24RDD196 | | 385.50 | 400.50 | 15.00 | 0.97 | 0.92 | | | And | 413.50 | 423.10 | 9.60 | 3.55 | 3.20 | 2.39 | | | Incl. | 415.95 | 417.00 | 1.05 | 12.97 | 14.84 | | | | And | 443.00 | 447.00 | 4.00 | 2.15 | 1.44 | | | | And | 483.00 | 483.50 | 0.50 | 75.60 | 16.30 | | | | 24RDD197 | | 83.50 | 84.35 | 0.85 | 20.15 | 11.44 | | | And | 489.00 | 504.80 | 15.80 | 1.13 | 1.21 | | | | And | 551.30 | 556.00 | 4.70 | 24.16 | 12.05 | 2.11 | | | Incl. | 555.20 | 555.60 | 0.40 | 261.20 | 122.80 | | | | And | 592.00 | 593.00 | 1.00 | 8.58 | 18.47 | | | | 24RDD198 | | 53.50 | 58.50 | 5.00 | 1.12 | 0.64 | | | And | 288.40 | 291.30 | 2.90 | 17.71 | 8.50 | 2.02 | | | Incl. | 291.00 | 291.30 | 0.30 | 153.70 | 76.60 | | | | And | 297.00 | 301.00 | 4.00 | 1.29 | 0.70 | | | | And | 312.00 | 315.50 | 3.50 | 1.59 | 1.21 | 1.37 | | | And | 348.00 | 352.80 | 4.80 | 1.06 | 0.75 | | | | And | 545.80 | 575.30 | 29.50 | 2.41 | 3.60 | 1.16 | | | Incl. | 549.80 | 557.00 | 7.20 | 6.27 | 9.70 | | | | 24RDD199 | | 288.00 | 300.00 | 12.00 | 0.69 | 0.92 | | | And | 438.00 | 438.39 | 0.39 | 13.10 | 21.70 | | | | And | 518.44 | 524.27 | 5.83 | 12.36 | 12.03 | 3.92 | | | Incl. | 518.89 | 520.00 | 1.11 | 48.24 | 48.99 | | | | 24RDD200A | | 70.00 | 75.00 | 5.00 | 1.20 | 0.89 | | | And | 279.75 | 281.45 | 1.70 | 3.25 | 2.52 | 1.13 | | | Incl. | 279.75 | 280.20 | 0.45 | 9.15 | 6.90 | | | | And | 320.75 | 326.50 | 5.75 | 0.96 | 1.05 | | | | And | 476.15 | 483.70 | 7.55 | 6.19 | 4.37 | 2.59 | | | Incl. | 481.85 | 483.70 | 1.85 | 17.29 | 12.63 | | | | And | 593.20 | 605.50 | 12.30 | 0.94 | 0.62 | | | | And | 616.30 | 619.10 | 2.80 | 2.64 | 1.79 | | | | And | 738.00 | 749.90 | 11.90 | 1.07 | 0.85 | 0.84 | | | Incl. | 747.60 | 748.20 | 0.60 | 5.45 | 3.60 | | | | And | 857.20 | 862.35 | 5.15 | 11.10 | 6.53 | 2.88 | | | Incl. | 859.30 | 859.90 | 0.60 | 73.40 | 38.90 | | | | And | 942.75 | 949.00 | 6.25 | 1.56 | 0.91 | 1.22 | | | Incl. | 946.00 | 947.00 | 1.00 | 3.35 | 2.00 | | | | 24RDD201 | | 181.72 | 183.00 | 1.28 | 4.41 | 2.94 | 1.18 | | Incl. | 182.60 | 183.00 | 0.40 | 11.50 | 6.40 | | | | 24RDD202 | | 208.10 | 208.50 | 0.40 | 35.90 | 46.30 | | | And | 262.25 | 268.50 | 6.25 | 2.20 | 2.39 | 1.05 | | | Incl. | 262.25 | 262.75 | 0.50 | 15.40 | 12.40 | | | | And | 273.30 | 275.20 | 1.90 | 31.09 | 14.98 | 1.59 | | | Incl. | 274.25 | 274.80 | 0.55 | 103.50 | 49.20 | | | | And | 282.00 | 294.00 | 12.00 | 5.94 | 3.45 | 1.71 | | | Incl. | 289.40 | 291.90 | 2.50 | 21.99 | 11.34 | | | | And | 453.40 | 480.00 | 26.60 | 2.54 | 2.07 | 1.55 | | | Incl. | 456.40 | 458.50 | 2.10 | 6.04 | 6.04 | | | | And Incl. | 464.50 | 469.70 | 5.20 | 4.80 | 3.62 | | | | And | 512.65 | 520.50 | 7.85 | 2.72 | 0.98 | 1.55 | | | Incl. | 514.00 | 515.00 | 1.00 | 10.70 | 3.00 | | | | And | 537.25 | 540.15 | 2.90 | 1.97 | 1.73 | | | | And | 598.00 | 602.00 | 4.00 | 3.63 | 1.64 | 1.70 | | | Incl. | 600.40 | 601.35 | 0.95 | 9.81 | 3.60 | | | | And | 685.90 | 697.90 | 12.00 | 0.85 | 0.80 | | | | And | 767.27 | 771.70 | 4.43 | 1.51 | 1.34 | | | | 24RDD203 | | 247.00 | 249.70 | 2.70 | 3.09 | 1.64 | | | And | 560.60 | 575.00 | 14.40 | 1.64 | 1.95 | 1.38 | | | Incl. | 561.00 | 562.00 | 1.00 | 5.11 | 3.20 | | | | And | 594.00 | 596.50 | 2.50 | 2.15 | 3.88 | | | | 24RDD204 | | 288.40 | 290.50 | 2.10 | 8.55 | 8.35 | 2.46 | | Incl. | 288.40 | 288.80 | 0.40 | 34.40 | 36.60 | | | | And | 407.40 | 422.00 | 14.60 | 2.58 | 2.57 | 1.40 | | | Incl. | 407.40 | 409.50 | 2.10 | 9.60 | 12.09 | | | | And | 443.50 | 451.85 | 8.35 | 0.76 | 0.36 | | | | And | 492.70 | 509.70 | 17.00 | 3.16 | 2.98 | 1.39 | | | Incl. | 508.20 | 509.70 | 1.50 | 21.50 | 21.83 | | | | And | 515.00 | 516.80 | 1.80 | 2.97 | 2.43 | 1.14 | | | Incl. | 516.40 | 516.80 | 0.40 | 9.36 | 6.00 | | | | 24RDD205 | | 283.80 | 291.00 | 7.20 | 0.73 | 0.90 | | | 24RDD206 | | 28.12 | 29.00 | 0.88 | 6.24 | 5.20 | | | And | 395.40 | 395.70 | 0.30 | 28.70 | 15.30 | | | | And | 408.00 | 423.00 | 15.00 | 0.63 | 0.69 | | | | 24RDD207 | | 535.00 | 538.50 | 3.50 | 10.24 | 6.58 | 1.04 | | Incl. | 537.80 | 538.50 | 0.70 | 47.00 | 27.30 | | | | And | 544.30 | 555.40 | 11.10 | 5.08 | 3.55 | 1.27 | | | Incl. | 551.10 | 551.50 | 0.40 | 106.90 | 70.40 | | | | 24RDD208 | | 8.95 | 15.25 | 6.30 | 1.46 | 0.60 | | | And | 53.30 | 60.00 | 6.70 | 2.20 | 0.84 | | | | And | 109.40 | 118.50 | 9.10 | 1.00 | 0.70 | | | | And | 247.00 | 248.53 | 1.53 | 3.76 | 5.18 | 2.29 | | | Incl. | 248.23 | 248.53 | 0.30 | 9.76 | 18.30 | | | | And | 334.37 | 339.26 | 4.89 | 1.77 | 1.12 | 1.51 | | | Incl. | 334.37 | 334.86 | 0.49 | 4.12 | 1.80 | | | | And | 375.33 | 375.64 | 0.31 | 19.00 | 0.80 | | | | And | 463.86 | 471.50 | 7.64 | 2.88 | 3.96 | 1.41 | | | Incl. | 463.86 | 464.20 | 0.34 | 34.50 | 48.40 | | | | And | 499.50 | 501.00 | 1.50 | 4.15 | 4.60 | | | | And | 705.50 | 708.00 | 2.50 | 5.03 | 3.98 | 2.73 | | | Incl. | 706.50 | 707.00 | 0.50 | 14.20 | 9.60 | | | | 24RDD209 | | 41.00 | 42.00 | 1.00 | 7.87 | 4.32 | | | And | 221.40 | 222.80 | 1.40 | 9.52 | 15.27 | 1.57 | | | Incl. | 221.90 | 222.30 | 0.40 | 29.40 | 49.70 | | | | And | 253.50 | 255.50 | 2.00 | 4.93 | 6.22 | 1.14 | | | Incl. | 254.10 | 254.55 | 0.45 | 18.00 | 23.40 | | | | And | 284.50 | 291.00 | 6.50 | 4.93 | 3.24 | 1.16 | | | Incl. | 285.00 | 286.80 | 1.80 | 14.77 | 8.48 | | | | And | 311.55 | 312.55 | 1.00 | 7.93 | 3.85 | | | | And | 327.75 | 328.65 | 0.90 | 7.58 | 7.97 | | | | And | 505.00 | 523.00 | 18.00 | 1.46 | 1.24 | | | | And | 559.50 | 564.25 | 4.75 | 1.38 | 0.84 | 1.16 | | | Incl. | 561.35 | 561.70 | 0.35 | 4.13 | 1.40 | | | | And | 566.50 | 566.85 | 0.35 | 17.80 | 4.00 | | | | And | 579.00 | 585.80 | 6.80 | 1.13 | 0.50 | | | | 24RDD210 | | 110.00 | 111.50 | 1.50 | 4.80 | 3.40 | 2.22 | | Incl. | 110.75 | 111.10 | 0.35 | 13.30 | 8.00 | | | | And | 318.90 | 324.15 | 5.25 | 3.25 | 3.06 | 1.06 | | | Incl. | 319.25 | 321.00 | 1.75 | 7.62 | 7.06 | | | | And | 533.30 | 561.70 | 28.40 | 1.84 | 1.67 | 1.51 | | | Incl. | 558.00 | 559.35 | 1.35 | 8.34 | 12.55 | | | | 24RDD211 | | 407.40 | 430.00 | 22.60 | 0.73 | 0.91 | | | And | 467.00 | 468.00 | 1.00 | 12.00 | 17.00 | | | | And | 480.00 | 482.50 | 2.50 | 2.48 | 2.24 | | | | 24RDD212 | | 162.00 | 166.00 | 4.00 | 1.27 | 1.00 | | | And | 169.00 | 172.70 | 3.70 | 6.99 | 5.45 | 2.65 | | | Incl. | 169.95 | 171.35 | 1.40 | 14.13 | 9.98 | | | | And | 313.40 | 314.55 | 1.15 | 5.21 | 2.42 | | | | And | 500.15 | 505.20 | 5.05 | 7.84 | 6.83 | 1.65 | | | Incl. | 500.15 | 500.50 | 0.35 | 45.40 | 30.90 | | | | And Incl. | 503.10 | 503.90 | 0.80 | 21.55 | 22.75 | | | | And | 591.50 | 598.30 | 6.80 | 1.00 | 0.67 | | | | 24RDD213 | | 16.50 | 18.85 | 2.35 | 2.53 | 1.21 | | | And | 209.60 | 210.05 | 0.45 | 121.50 | 167.70 | | | | And | 237.00 | 241.50 | 4.50 | 16.11 | 10.92 | 1.71 | | | Incl. | 238.20 | 238.60 | 0.40 | 163.70 | 107.50 | | | | And | 555.80 | 569.50 | 13.70 | 2.01 | 1.97 | 1.67 | | | Incl. | 562.10 | 563.10 | 1.00 | 6.32 | 6.20 | | | | And | 577.75 | 583.60 | 5.85 | 1.21 | 0.91 | | | | 24RDD214 | | 139.00 | 142.50 | 3.50 | 2.55 | 3.21 | | | And | 461.90 | 462.30 | 0.40 | 31.60 | 16.70 | | | | 24RDD215 | | 45.40 | 64.95 | 19.55 | 0.67 | 0.55 | | | And | 136.10 | 144.00 | 7.90 | 0.76 | 0.63 | | | | And | 476.90 | 486.40 | 9.50 | 9.10 | 11.08 | 3.78 | | | Incl. | 482.80 | 484.00 | 1.20 | 45.92 | 61.98 | | | | And | 856.50 | 861.40 | 4.90 | 3.19 | 3.06 | 1.83 | | | Incl. | 858.40 | 859.00 | 0.60 | 12.90 | 11.40 | | | | And | 891.00 | 892.00 | 1.00 | 5.45 | 3.81 | | | | 24RDD216 | | 415.57 | 433.50 | 17.93 | 0.85 | 0.82 | | | 24RDD217 | | 242.00 | 247.25 | 5.25 | 1.65 | 1.75 | 1.26 | | Incl. | 246.00 | 246.70 | 0.70 | 4.21 | 4.30 | | | | And | 296.00 | 300.00 | 4.00 | 2.44 | 1.07 | 1.86 | | | Incl. | 296.60 | 297.45 | 0.85 | 4.58 | 1.90 | | | | And | 304.60 | 307.00 | 2.40 | 2.54 | 1.52 | | | | And | 556.00 | 565.75 | 9.75 | 6.91 | 6.40 | 2.80 | | | Incl. | 561.85 | 562.80 | 0.95 | 44.99 | 46.13 | | | | And | 608.00 | 630.00 | 22.00 | 0.92 | 0.59 | | | | 24RDD218 | | 361.55 | 363.45 | 1.90 | 6.82 | 1.88 | | | And | 483.25 | 486.70 | 3.45 | 2.23 | 2.76 | 1.54 | | | Incl. | 486.20 | 486.70 | 0.50 | 6.25 | 8.60 | | | | 24RDD219 | | 478.45 | 480.00 | 1.55 | 4.61 | 4.51 | | | And | 484.40 | 493.00 | 8.60 | 2.88 | 3.94 | 1.71 | | | Incl. | 489.50 | 490.00 | 0.50 | 21.80 | 37.30 | | | | And | 628.60 | 629.10 | 0.50 | 29.60 | 16.40 | | | | 24RDD220 | | 337.50 | 345.70 | 8.20 | 3.43 | 5.30 | 1.00 | | Incl. | 337.50 | 338.20 | 0.70 | 29.40 | 49.60 | | |
Table 2. Drill collar table of reported drill holes from the 2024 winter drill program
| Hole ID | Easting (NAD83) | Northing (NAD83) | Elevation (m) | Depth (m) | Dip | Azimuth | | 24RDD194 | 519839 | 5620911 | 376.9 | 594.00 | -59 | 167 | | 24RDD195 | 519519 | 5620678 | 376.6 | 1404.00 | -55 | 161 | | 24RDD196 | 520113 | 5620900 | 376.6 | 621.00 | -53 | 331 | | 24RDD197 | 519404 | 5620586 | 374.4 | 633.00 | -57 | 159 | | 24RDD198 | 519251 | 5620939 | 374.8 | 681.00 | -52 | 158 | | 24RDD199 | 519322 | 5620413 | 374.5 | 543.00 | -55 | 152 | | 24RDD200 | 519707 | 5620986 | 375.5 | 216.00 | -63 | 160 | | 24RDD200A | 519711 | 5620984 | 375.5 | 969.00 | -61 | 161 | | 24RDD201 | 519247 | 5620339 | 374.5 | 375.00 | -58 | 155 | | 24RDD202 | 519792 | 5620970 | 375.9 | 852.00 | -59 | 166 | | 24RDD203 | 519266 | 5620885 | 374.9 | 624.00 | -50 | 159 | | 24RDD204 | 519618 | 5621024 | 374.6 | 744.50 | -60 | 156 | | 24RDD205 | 519235 | 5620440 | 374.5 | 450.00 | -58 | 154 | | 24RDD206 | 519313 | 5620657 | 374.6 | 615.00 | -57 | 155 | | 24RDD207 | 519317 | 5620829 | 374.7 | 606.00 | -50 | 148 | | 24RDD208 | 519708 | 5621122 | 374.3 | 816.00 | -59 | 160 | | 24RDD209 | 519553 | 5620953 | 374.9 | 669.00 | -57 | 156 | | 24RDD210 | 519340 | 5620934 | 374.6 | 663.00 | -55 | 159 | | 24RDD211 | 519315 | 5620526 | 374.9 | 540.00 | -56 | 157 | | 24RDD212 | 519498 | 5620859 | 374.1 | 660.00 | -50 | 163 | | 24RDD213 | 519407 | 5620900 | 374.3 | 630.00 | -52 | 161 | | 24RDD214 | 519171 | 5620798 | 375.5 | 618.00 | -54 | 157 | | 24RDD215 | 519764 | 5621102 | 374.4 | 960.00 | -60 | 158 | | 24RDD216 | 519169 | 5620628 | 374.8 | 504.00 | -56 | 155 | | 24RDD217 | 519449 | 5620915 | 374.3 | 660.00 | -57 | 159 | | 24RDD218 | 519567 | 5620860 | 374.4 | 612.00 | -57 | 158 | | 24RDD219 | 519203 | 5620828 | 374.3 | 639.00 | -59 | 159 | | 24RDD220 | 519420 | 5620503 | 375.0 | 549.00 | -50 | 152 |
About the Frotet Project
The Project covers 39,365 hectares of the Frotet-Evans greenstone belt within the Opatica geological sub-province of Quebec. The property is adjacent to the past-producing Troilus Gold Corporation's Au-Cu mine (9.23Moz Au indicated resource) and covers several major deformation zones associated with known orogenic gold prospects, as well as stratigraphy hosting VMS deposits elsewhere in the belt. Kenorland initially staked the Project in 2017 and then entered into a joint venture and earn-in agreement with Sumitomo Metal Mining Canada Ltd. ("Sumitomo") in 2018.
The Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo in 2020 following two years of systematic exploration. Since the initial discovery, Regnault has seen extensive exploration, totaling 100,721 meters of drilling (220 drillholes).
On February 19, 2024, Kenorland closed a transaction to exchange its 20% participating interest in the Frotet Joint Venture with Sumitomo to a 4% NSR Royalty. Kenorland remains the operator for a minimum of one year from the transaction closure date (see press release dated February 20, 2024).
The Project is located 100 kilometers to the north of Chibougamau, Quebec. Favorable infrastructure exists in the Project area with an extensive forestry road network as well as the Route-du-Nord crossing the southwestern portion of the property. A power transmission line also crosses through the property which supplied power to the past producing Troilus mine.
[](https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_003full.jpg)
Figure 3. Map of the Frotet Project and Royalty
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6489/213361_4d61f81eb4191ace_003full.jpg
_*Technical Report and Mineral Resource Estimate on the Troilus Gold-Copper Project, Mineral Resources Effective Date: 02 October 2023_ The Frotet Royalty is subject to the following buy down rights in favour of Sumitomo: A 0.25% royalty interest may be purchased for a C$3,000,000 cash payment to Kenorland within five (5) years of the grant of the Frotet Royalty A 0.50% royalty interest may be purchased for a C$10,000,000 cash payment to Kenorland within ten (10) years of the grant of the Frotet Royalty In the event Sumitomo exercises the foregoing buy down rights, the Frotet Royalty would be reduced to an uncapped 3.25% net smelter return royalty on all minerals extracted from the Project