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Kenorland Minerals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2022) - Kenorland Minerals Ltd. ...
About this update from Kenorland Minerals Ltd.
[{"type":"text","content":"Kenorland Minerals Provides Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - February 15, 2022) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (\"Kenorland\" or \"the Company\") is pleased to provide an update on its ongoing exploration activities across North America as well as announce executive management changes and granting of incentive options.Kenorland looks forward to a very active year of exploration in 2022 with multiple projects located in Quebec, Ontario, Manitoba and Alaska being advanced through the exploration pipeline. The Company is well funded to carry out its anticipated 2022 exploration activities having approximately CAD$8.2 million in working capital at the beginning of January 2022.Figure 1. Kenorland Minerals North American Project LocationsFigure 1.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6489/113799_86ae71c8e40d4b58_001full.jpgEastern Canada Exploration UpdateFrotet Project, Quebec (Joint Venture with Sumitomo Metal Mining Co., Ltd): At the Regnault gold discovery, a 10,000m diamond drill program is underway targeting step-outs along strike and down dip of the R1 and R2 trends as well as targeting additional gold bearing structures within the Regnault area (see press release dated January 12, 2022). The drill program represents the final phase of exploration within the fiscal 2021 budget set in March of last year. The Company expects to announce the fiscal 2022 jointly-funded exploration program and budget later in the first quarter. In addition, complete results from the remaining 7,968m of drilling, including 25 holes from the 17,792m drill program concluded in October 2021 are expected to the be received and reported during the first quarter. Chicobi Project, Quebec (Optioned to Sumitomo Metal Mining Co., Ltd.): The Company recently completed detailed UAV magnetic, induced polarization (IP), and electromagnetic (EM) geophysical surveys at \"Target B\", a coherent multi-element geochemical glacial till anomaly, within the Chicobi Project (see press release dated October 6, 2021). The Company plans to carry out a 2,500m maiden diamond drill program beginning in March at Target B. This drill program will conclude the fiscal 2021 budget approved by SMMCL. The fiscal 2022 partner-funded exploration program and budget is...