Kenorland Minerals’ Bold Step-Outs Successful At Regnault Gold Project
(PresseBox) - Ice drilling at Regnault target, Frotet project, Quebec
With a recession looming large in the US but continuously delayed, the Fed unsure whether to hike one last time or to pause, the debt ceiling bill passed through the Senate, and inflation going down, there are a lot of mixed signals to take into account for the stock markets. Kenorland Minerals (KLD.V)(3WQO.FSE) isn’t directly impacted by these developments, and keeps its head down, working hard as operator on multiple projects together with major producers, generating newsflow on a continuous basis. Drilling at its flagship Regnault Gold project, JV-ed with Sumitomo, delivered some excellent results on step-out holes, with the absolute highlight being the 3.15m (at) 138.74g/t Au intercept at the R5 Vein but also hitting new structures at depth.
Besides being a prospect generator, with C$18M in the treasury, and planned exploration expenditures of C$33M, it’s worth noting that Kenorland has become a profitable entity with significant taxes owing this year based on C$3.5M in revenues (management fees for being operators) and nearly a total of C$100M in expenditures applied to a properties by the end of this year (since inception).
All pictures are company material, unless stated otherwise.
All currencies are in US Dollars, unless stated otherwise.
Please note: the views, opinions, estimates, forecasts or predictions regarding Kenorland’s resource potential are those of the author alone and do not represent views, opinions, estimates, forecasts or predictions of Kenorland or Kenorland’s management. Kenorland Minerals has not in any way endorsed the views, opinions, estimates, forecasts or predictions provided by the author.
The 2023 Winter drill program at the Regnault gold discovery has been completed with a total of 13,360 meters over 15 drill holes. A combination of unseasonably warm weather delaying ice construction and slow drill production resulted in less meters being drilled than originally planned, which was an amount of 22,000m over 25 holes.
Drill highlights include the following, with 23DD167 being the most significant result:
23RDD163: 15.00m (at) 14.88 g/t Au incl. 2.00m (at) 57.15 g/t Au at R1
23RDD167: 3.15m (at) 138.74 g/t Au incl. 0.40m (at) 476.40 g/t Au at R5
23RDD167: 3.43m (at) 43.23 g/t Au incl. 0.44m (at) 174.30 g/t Au at R5
23RDD162: 7.10m (at) 12.24 g/t Au incl. 1.70m (at) 45.14 g/t Au at R2-R8 Gap
23RDD159: 1.20m (at) 55.70 g/t Au (new vein discovery)
Further information is attached
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2023 - 09:55 Uhr
Sprache: Deutsch
News-ID 685515
Anzahl Zeichen: 2676
contact information:
Contact person: Marc Ollinger
Town:
Herisau
Phone: +41 (71) 354-8501
Kategorie:
Financial Services & Insurance
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