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Kenorland Minerals Announces Termination of Tanacross Project Earn-in Agreement with Antofagasta PLC and Highlights Exploration Upside at South Taurus
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2024) - Kenorland Minerals Ltd. ( TSXV...
About this update from Kenorland Minerals Ltd.
[{"type":"text","content":"Kenorland Minerals Announces Termination of Tanacross Project Earn-in Agreement with Antofagasta PLC and Highlights Exploration Upside at South TaurusVancouver, British Columbia--(Newsfile Corp. - March 28, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) (\"Kenorland\" or the \"Company\") announces that Antofagasta PLC (\"Antofagasta\") has terminated the Tanacross earn-in option to joint venture agreement dated July 19, 2022 (the \"Option Agreement\") and Kenorland remains the 100% owner of the Tanacross Project (the \"Project\"), located in Eastern Alaska, USA.Zach Flood, President and CEO states, \"We greatly appreciate the efforts made by Antofagasta to advance the Tanacross Project with us over the last two years. During that period, we have refined a number of new drill targets generated from additional geophysical and geochemical surveys, some of these targets remain completely untested. The drill program last summer was focused on East Taurus and West Taurus, which are the known mineralised porphyry centers where the majority of historical drilling has occurred. Kenorland's focus moving forward will be targets which remain completely untested, including South Taurus, which shows strong evidence for a concealed copper system.\" Figure 1. Magnetics (left) and ZTEM conductivity with magnetic contours (right)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/203392_1f84c84fe4ffab55_001full.jpgSouth Taurus Exploration TargetThe South Taurus target was initially identified from a property-wide audio-frequency magnetic technique (AFMAG) ZTEM survey flown in 2018. The survey highlighted a large-scale magnetic and highly conductive geophysical anomaly a few kilometres to the south of the known porphyry Cu-Au-Mo-Ag and Mo systems at East Taurus and West Taurus, respectively. In 2020, the Company completed a systematic soil geochemical grid covering South Taurus as well as East Taurus, West Taurus, and McCord Creek targets. The Company also completed a TITAN induced polarisation (IP) and magnetotellurics (MT) survey extending 5km across the South Taurus anomaly. This survey imaged a large and discrete near surface conductivity anomaly that also extends to the depth extent of the survey, over 5km below surface, which could represent a significant deep-rooted mi...