VANCOUVER, BC, Oct. 6, 2021 /CNW/ - Kenorland Minerals
Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland"
or "the Company") is pleased to report geochemical
results from its third phase of sonic 'drill-for-till' geochemical
sampling program at the Chicobi Project
(the "Project"), located in the Abitibi
greenstone belt of Quebec and held
under an earn-in option to joint venture agreement with Sumitomo
Metal Mining Canada Limited (SMMCL). The company is further
pleased to announce the commencement of detailed geophysical
surveys in preparation for diamond drill targeting, tentatively
scheduled for Q1 2022.
Kenorland, along with SMMCL, has been exploring the Chicobi
Project since 2019 using overburden drilling methods to sample
glacial till and top of bedrock below the layer of glaciolacustrine
clay that obscures vast areas of the northern Abitibi greenstone
belt. To date, three phases of sonic drilling, totaling 441 drill
holes have been completed across the Project producing ~1,500
samples for gold grain counts, heavy mineral concentrate assays,
and till geochemistry assays. These drill campaigns have
systematically screened the property from the regional scale,
covering over 50,000 hectares, down to a coherent gold and
multi-element till anomaly (Target B) of approximately 1.5km x 3km
in extent.
Figure 1. Chicobi Project Lithology and Geochemistry
Results
Zach Flood, President and CEO,
states, "We're very excited to announce the results from our
extraordinary efforts to effectively explore in what we consider
the frontier of the the Abitibi. The clay belt presents a
unique challenge to exploration which can only be overcome by
applying methods such as 'drill-for-till' sampling, which has been
effective at detecting mineral systems in other deep glacial cover
environments."
Program Highlights
The Company has received all assay and gold grain counts from
the Phase 3 sonic drill-for-till geochemical program. A
coherent, gold and multi-element (Cu, Zn, Ag, As, Sb) anomaly,
'Target B', was identified from three separate drill-for-till
sampling campaigns which began with the property-wide regional
survey in 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 magnetics, induced polarization (IP), and ground
electromagnetics (EM). Initial diamond drill testing is tentatively
scheduled for Q1 2022.
Sampling Protocols
Drill-for-till programs were completed using sonic drill rigs in
order to penetrate through glaciolacustrine clay into underlying
glacial till. Sonic drill cores were retrieved in
1.5m intervals from the drill rig and
transported to Kenorland's warehouse in Amos, Quebec. Cores were logged for surficial
material and stratigraphy information, then split down the center.
One half of the sonic core was stored for archive purposes. The
other half of the core was sent for gold grain count analysis
(Overburden Drilling Management methodology), heavy mineral
concentrate analysis, and fine-fraction till geochemistry
analysis.
Figure 2. Chicobi Project Surficial Geology and Geochemistry
Results
Gold Grain Counts and Heavy Mineral Concentrate
Assays
Overburden Drilling Management (ODM) received and weighed 10
kilogram till samples, and then removed a 300 gram split for
archive. Samples were sieved to +/- 2mm: the +2mm fraction was
logged for pebble lithology and the -2mm size fraction was sent to
a shaker table for heavy mineral concentration. After the shaker
table, concentrates were micro-panned for additional concentration
of the heavy minerals. At this point, visible gold grains
were counted by ODM staff, as well as other metallic minerals.
After gold grain counting, the panned concentrate was then sent
to a heavy liquid separation using a liquid with a specific gravity
(SG) of 3.3. Heavy minerals which have a density >3.3
g/cm3 sink to the bottom of the chamber during this
process. >3.3 g/cm3 SG minerals were then subjected
to a ferromagnetic separation to remove magnetic minerals such as
magnetite and ilmenite. The resulting concentrate was sent to
Actlabs for Induced Neutron Activation Analysis (INAA), and a 0.5g
split was sent for aqua regia – ICP-MS analysis.
Till Geochemistry Analysis
After the sonic drill core was split, a sample of material was
collected down the entire length of the 1.5m half-core until approximately one kilogram
of material was extracted. Till geochemistry samples were sent to
Bureau Veritas in Timmins,
Ontario, where they were dried, then sieved to -63 microns.
A 30 gram aliquot of -63 micron material was digested in aqua regia
and then analysed 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 strike along the Chicobi Deformation Zone (CDZ), a
major, yet under-explored structural break transecting the Abitibi
greenstone belt of Ontario and
Quebec. Along the strike length of the Project, the CDZ is
marked by the juxtaposition of a large sedimentary basin and
volcanic packages, and "Timiskaming-type" late-basin polymictic
conglomerates. The CDZ is analogous to the other major breaks that
host world-class Au deposits of the Abitibi, such as the
Cadillac-Larder Lake,
Casa-Berardi, 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 earn-in option to joint
venture agreement with Sumitomo Metal Mining Canada Limited (SMMCL)
where SMMCL has an option to earn up to 51% interest by funding
C$4.9 million in exploration
expenditures. SMMCL then has the option to earn an additional
19% by funding an additional C$10
million in exploration expenditures within three years of
the initial vesting period. Kenorland would then retain a 30%
participating interest. If either party is diluted below 10%
their interest would convert to a 2% uncapped NSR.
Qualified Person
Mr. 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 in this press release.
About Kenorland Minerals
Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration
Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada.
Kenorland's focus is early to advanced stage exploration in North
America. The Company currently holds three projects in
Quebec where work is being
completed under joint venture and earn-in agreement from third
parties. The Frotet Project is held under joint venture with
Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is
optioned to SMMCL, and the Chebistuan Project is optioned to
Newmont Corporation. The Company also owns 100% of the advanced
stage Tanacross porphyry Cu-Au project as well as an option to earn
up to 70% from Newmont Corporation on the Healy Project, both
located in Alaska, USA.
Further information can be found on the Company's website
www.kenorlandminerals.com
Kenorland Minerals Ltd.
Zach Flood
President and
CEO
Tel: +1 604 363 1779
zach@kenorlandminerals.com Kenorland Minerals Ltd.
Francis
MacDonald
Executive Vice President
Tel: +1 778 322 8705
francis@kenorlandminerals.com
Cautionary Statement Regarding Forward Looking
Statements
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking
statements") within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects', "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved". Forward looking statements
involve risks, uncertainties and other factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's filings with
Canadian securities regulators, that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions and factors used
in preparing these forward-looking statements are reasonable based
upon the information currently available to management as of the
date hereof, actual results and developments may differ materially
from those contemplated by these statements. Readers are therefore
cautioned not to place undue reliance on these statements, which
only apply as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed times
frames or at all. Except where 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.
