Business
Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada Ltd. Announce Additional 2021 Exploration Budget
Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada Ltd. Announce Additional 2021 Ex...
About this update from Kenorland Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada Ltd. Announce Additional 2021 Exploration Budget\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n April 14, 2021\n \n /CNW/ -\n \n Kenorland Minerals Ltd.\n \n (TSXV: KLD) (FSE: 3WQ0) (\"\n \n Kenorland\n \n \" or \"\n \n the Company\n \n \") and\n \n Sumitomo Metal Mining Canada Ltd. (\"SMMCL\")\n \n are pleased to announce plans for additional exploration on the Frotet Project,\n \n Quebec\n \n (\n \n \"the Project\"\n \n ).\n \n \n \n Summer 2021 Exploration Budget\n \n \n \n An additional\n \n C$6,600,000\n \n exploration budget has been approved by the Frotet Management Committee for continued exploration during the summer months at the Frotet Project, located in northern\n \n Quebec\n \n . The majority of the budget will be allocated to diamond drilling at the Regnault discovery, in addition to surface exploration on other target areas within the 39,365 hectare property. Upon completion of the current drill program, it is anticipated that SMMCL will meet its expenditure requirements to earn an additional 15% interest (for a total of 80%) in the Project. The announced additional budget will be funded pro-rata, with Kenorland contributing 20% of the total exploration expenditures. Kenorland will remain operator of the joint venture throughout the next phase of exploration.\n \n \n \n Regnault Exploration Update\n \n \n \n \n \n \n \n \n \n \n The current\n \n 9,000m\n \n drill program is well underway with approximately\n \n 5742m\n \n completed to date, including 22 of the planned 32 drill holes. 4680m of core samples have been shipped to Bureau Veritas (BV) labs with the first batch of results expected around mid-May.  Initial drilling was focussed on the \"Discovery Area\" following up on known mineralized structures identified in early 2020 during the discovery drill program. Current drilling is focussed along strike and to the south of the Discovery Area testing additional regional targets within...