Vancouver - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ('Kenorland' or 'the Company') is pleased to announce final drill results from the 2021 summer-fall drill program at the Regnault gold discovery within the Frotet Project, located in northern Quebec and held under joint venture with Sumitomo Metal Mining Canada Ltd. ('SMMCL').
Assays from the remaining 25 of 57 drill holes completed, including 7,968 meters of the 17,792 meter program, are reported herein. The Company also provides an update on the recently completed winter drill program, including the announcement of additional vein discoveries at Regnault.
Zach Flood, CEO of Kenorland Minerals, states, 'The last remaining results from the 2021 drill program continue to demonstrate the exceptional high-grade nature of the Regnault gold system, including the most significant intercept at R2 to date. We have also completed the 2022 winter drill program which concludes the fiscal 2021 budget cycle. On this program we pushed drilling southward well beyond the R1 veins and intersected a series of additional parallel shear veins at depth. The significance of this development cannot be understated as it confirms the potential for additional vein discoveries within the intrusive complex. We anticipate the 2022 fiscal budget to be finalised towards the end of the month and we look forward to continuing our advancement of this remarkable gold discovery.'
Discussion of Results
The reported 25 drillholes (7,968m) follow the previously reported 32 drillholes of the 2021 summer-fall drill program completed in October 2021. The drill program was designed to systematically test along strike and down-dip extents of the R1, R2 East and R2 West mineralised structures at Regnault. Along the R1 trend, highlights included hole 21RDD100 which stepped 80m down-dip from 21RDD074 (3.45m at 17.53g/t Au) and intersected 6.88m at 23.79g/t Au including 2.60m at 60.77g/t Au. Hole 21RDD089 stepped 60m down-dip from 21RDD024 (5.72m at 90.56g/t Au) and intersected 6.21m at 3.75g/t Au incl. 0.60m at 30.20g/t Au. Drillhole 21RDD094 stepped 80m down-dip from 21RDD056A (15.4m at 17.96g/t Au) and intersected 0.92m at 22.04g/t Au. Hole 21RDD109A stepped 75m down-dip of 21RDD032 (4.87m at 3.80g/t Au) and intersected 17.75m at 1.26g/t Au including 2.50m at 3.92g/t Au. Drillhole 21RDD105 returned 2.5m at 11.15g/t Au including 0.30m at 84.60g/t Au near the top of the hole along a separate structure 200m north of R1 and 50m along strike from 20RDD021A (2.66m at 33.69g/t Au). These results extend the known mineralisation along R1 to depths of 330m below surface and 750m along strike, remaining open to depth and along strike.
Gold mineralisation along the R1 trend is associated with multiple east-west trending and north-dipping shear zones. Mineralised structures transect both the multiphase Regnault intrusive complex and surrounding volcanic rocks and are defined by zones of moderate-strong strain, biotite-calcite silica-chlorite alteration and disseminated pyrite (locally ranging from 3-10%). High grade intercepts are characteristically shear-hosted, laminated quartz-carbonate-pyrite veins, often haloed by variably deformed extensional stockwork quartz veining locally containing up to 20% pyrite along with trace chalcopyrite, Au Ag tellurides and visible gold.
Along the R2 trend, at R2 West, drillhole 21RDD088 returned 1.77m at 117.86g/t Au intersecting shear-related, vein-hosted mineralisation 80m to the east of 21RDD082A (1.60m at 28.34g/t Au), representing the highest grade x thickness intercept along R2 to date. Hole 21RDD085 returned 0.61m at 48g/t Au 30m up-dip of 21RDD082A. Known mineralisation along the R2 trend extends over 950m of strike length with multiple veins trending east-northeast and to depths of 350m below surface. Veins include stacked, shallow north dipping extensional type quartz veins (dominant style for R2 West), and E-W trending, steeply north-dipping shear hosted quartz-carbonate veins (the dominant style of mineralisation for R2 East and similar to the R1 Trend). The R2 trend also remains open along strike and to depth.
About the Frotet Project
The Frotet Project was first identified by Kenorland in 2017 after completing a regional prospectivity study over the Abitibi and Frotet-Evans Greenstone Belts of Quebec. The initial 55,921 ha property was acquired through map staking in March, 2017 and optioned to Sumitomo Metal Mining Canada Ltd. ('SMMCL'), a wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd. in April, 2018. Two years of property-wide systematic till sampling led to a maiden drill program in 2020 which resulted in a significant grassroots discovery at the prospect now named Regnault. The project is currently under Joint Venture agreement between SMMCL and Kenorland Minerals Ltd., with interests being held at 80% and 20% respectively. Under the Joint Venture, exploration is funded pro-rata and Kenorland is presently the operator of the project. Any party which does not contribute and is diluted below a 10% interest, converts its interest to an 2% uncapped net smelter royalty.
About Kenorland Minerals
Kenorland Minerals Ltd. (TSXV: KLD) is a mineral exploration company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland's focus is early to advanced stage exploration in North America. The Company currently holds four projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo Metal Mining Co., Ltd., the Chicobi Project is optioned to Sumitomo Metal Mining Co., Ltd., the Chebistuan Project is optioned to Newmont Corporation, and the Hunter Project is optioned to Centerra Gold Inc. In Ontario, the Company holds the South Uchi Project under an earn-in agreement with a wholly owned subsidiary of Barrick Gold Corporation. In Alaska, USA, the Company owns 100% of the advanced stage Tanacross porphyry Cu-Au-Mo project as well as a 70% interest in the Healy Project, held under joint venture with Newmont Corporation.
Contact:
Tel: 604 363 1779
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, 'forward-looking statements') within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as 'plans', 'expects', 'estimates', 'intends', 'anticipates', 'believes' or variations of such words, or statements that certain actions, events or results 'may', 'could', 'would', 'might', 'will be taken', 'occur' or 'be achieved'. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading 'Risk Factors' and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all.
KENORLAND MINERALS LTD. 
