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Kenorland Minerals Commences 2024 Winter Drill Program at the Frotet Project, Quebec and Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2024) - Kenorland Minerals Ltd. (TSX...
About this update from Kenorland Minerals Ltd.
[{"type":"text","content":"Kenorland Minerals Commences 2024 Winter Drill Program at the Frotet Project, Quebec and Grants Stock OptionsVancouver, British Columbia--(Newsfile Corp. - January 24, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) (\"Kenorland\" or the \"Company\") is pleased to announce the commencement of the 2024 winter exploration program at the Frotet Project (the \"Project\"), located in northern Quebec. The Company recently entered into a definitive agreement to exchange its 20% interest in a joint venture with Sumitomo Metal Mining Canada Ltd. (\"Sumitomo\") for a 4% NSR royalty (see press release dated January 16, 2024). Kenorland is currently the operator of the Project and expects to close the asset exchange with Sumitomo before the end of January. Q1 2024 Winter Exploration ProgramThe Winter 2024 program will include up to 17,600m of diamond drilling at the Regnault gold discovery. This program follows the recently completed Fall 2023 exploration program comprised of 20 drill holes for 11,918m of drilling, of which, results are expected to be released during Q1 2024. The proposed drill plan will focus on infill and step-out targets along the R1, R5, R6 and R7 mineralised structures, as well as broad step-outs along the R4 structures in towards the north, and R9, R10, and R11 structures within the southern portions of the deposit area.Regnault Drill ProgramFigure 1. Plan map of Regnault drilling highlights and planned hole locationsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6489/195409_babb1f69c49e6a16_001full.jpgZach Flood, President and CEO of Kenorland Minerals, states, \"We're very excited to commence winter drilling at the Regnault gold discovery after very recently completing an asset exchange agreement with Sumitomo to convert our joint venture interest to a 4% NSR Royalty. Kenorland will remain operator of the project throughout the year, and we look forward to providing further updates as the exploration continues.\"The priority objective of the Winter 2024 drill program is 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 structures intersect with the R2, R3, and R8 trends. Approximately 70% of the proposed drilling will be targeting infill and step-...