CA Market News
1週前
Kenorland Minerals Commences 2026 Maiden Drill Program at the Western Wabigoon Project, OntarioJune 1, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the commencement of the maiden diamond drill program at the Western Wabigoon Project (the "Project"), located in northwestern Ontario and held under an option agreement with a subsidiary of Centerra Gold Inc. ("Centerra").2026 Summer Exploration ProgramA total budget of $3.2 million has been approved by Centerra for the 2026 summer exploration program, consisting of diamond drilling at the W2 target and additional heavy mineral concentrate (HMC) till surveys, mapping and prospecting at regional targets. The maiden drill program comprises up to 3,650m of drilling, with planned drillhole fences spaced 250-500m apart to test a 2.5km strike length of the target area. Systematic exploration carried out since 2024 has defined the W2 target as a strong, coherent 3-kilometre-long gold-in-till and HMC gold grain anomaly. It encompasses numerous multi-gram per tonne Au showings from past trenching and shallow drilling within an area historically known as the Sorry Mac trend. Kenorland will operate the program, with drilling activities expected to conclude in late June.Figure 1. Drill plan map of the W2 target area with planned drill hole locations and gold grain counts from HMC till samplingTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/299512_a0db1ace84c8dae7_001full.jpgW2 Target (Sorry Mac Trend) SummaryLarge scale systematic geochemical surveys completed between 2024 and 2025 have defined W2 as the priority target within an approximately 19-kilometre gold-in-till, and HMC gold grain trend along the major Manitou-Dinorwic Deformation Zone (see press release dated December 2, 2025). The underlying geology is characterised by northeast and north-northeast-trending structural lineaments associated with interpreted fold interference patterns within mafic-intermediate volcanic stratigraphy adjacent to the Bretz Lake felsic pluton. Bedrock gold mineralisation is associated with strong deformation, silica-sericite-Fe-carbonate alteration, quartz-Fe-carbonate-arsenopyrite-pyrite veining and stockwork, and disseminated sulphide mineralisation. Surface work completed by Kenorland has confirmed gold mineralisation with rock samples assaying up to 7.75 g/t Au. This work has significantly expanded the footprint beyond the limited historical trenching and shallow drilling along the Sorry Mac Trend, highlighting the potential for new discoveries through systematic drilling.Figure 2. Simplified regional geology with significant gold deposits and Western Wabigoon Project locationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/299512_a0db1ace84c8dae7_002full.jpgAbout Western Wabigoon ProjectThe Western Wabigoon Project is situated within the Western Wabigoon Subprovince and covers key intersections of major deformation zones within the Archean greenstone belt. In the northern portion of the property, the Pipestone-Cameron Deformation Zone (PCdz) intersects both the Manitou-Dinorwic Deformation Zone (MDdz) and the Helena-Pipestone Deformation Zone (HPdz). The PCdz hosts the Cameron orogenic gold deposit 30 km to the northwest of the property boundary, while the HPdz hosts the Rainy River deposit 50 km to the southwest. These high-strain structural corridors also host numerous gold showings associated with quartz-Fe-carbonate veins, altered shear zones, and porphyry dykes.The Project is held under an earn-in agreement with a subsidiary of Centerra Gold (see press release dated June 25, 2025), whereby Centerra can earn up to a 70% interest in the Project by funding staged exploration and delivering a Preliminary Economic Assessment (PEA). Upon earn-in, a joint venture will be formed, with Kenorland retaining the right to a carried interest through to completion of a Pre-Feasibility Study (PFS), after which both parties will contribute pro-rata to development.Kenorland also retains a 2% NSR royalty over the claims of the Project.Qualified PersonMr. Janek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com Kenorland Minerals Ltd. Zach Flood
President, CEO & Director
Tel: +1 604 363 1779
zach@kenorlandminerals.comScott Smits
Vice President of Exploration
Tel: +1 250 686 8135
scott@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299512 Original: Kenorland Minerals Commences 2026 Maiden Drill Program at the Western Wabigoon Project, Ontario
CA Market News
3週前
Kenorland Completes Top-Up Right from Sumitomo and CenterraMay 22, 2026 4:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to its press releases dated April 20, 2026 and May 8, 2026, the Company, Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and Centerra Gold Inc. ("Centerra"), have completed the exercise of Sumitomo's and Centerra's 'top-up right' to retain their 10.1% and 9.9% interest in the Company, respectively, as granted within the investor rights agreements dated November 3, 2021 and May 28, 2024.An aggregate of 49,002 shares were issued, of which 22,406 shares were issued at a price of $2.38 per share and 26,596 shares were issued at a price of $2.35 per share for aggregate gross proceeds of $115,826.88. 24,746 shares were issued to Sumitomo in order to retain its 10.1% interest in the Company and 24,256 shares were issued to Centerra in order to retain its 9.9% interest in the Company. The common shares issued are subject to a statutory hold period in accordance with applicable securities legislation and the rules and policies of the TSXV expiring on September 20, 2026.As Sumitomo is the beneficial owner of more than 10% of Kenorland's outstanding shares, it is a "related party" to the Company within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As such, the transaction constituted a "related party transaction" within the meaning of MI 61-101.The Company has relied upon on exemptions from formal valuation and the minority shareholder approval requirements of MI 61-101 found in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of either transaction does not constitute more than the 25% of the Company's market capitalization.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com.On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298654 Original: Kenorland Completes Top-Up Right from Sumitomo and Centerra
CA Market News
1月前
Kenorland Receives Notice of Exercise of Top-up Right from Sumitomo and CenterraMay 8, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to the investor rights agreement dated November 3, 2021 (the "Sumitomo IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and the investor rights agreement dated May 28, 2024 (the "Centerra IRA") between the Company and Centerra Gold Inc. ("Centerra"), each of Sumitomo and Centerra have issued to the Company notice of their respective intentions to exercise their 'top-up right' as it relates to certain share issuances completed by the Company and to retain their interests in the Company.An aggregate of 22,406 common shares of the Company will be issued at a price of $2.38 per share for aggregate consideration of $53,326.28 in accordance with the Sumitomo IRA and Centerra IRA, subject to the approval of the TSX Venture Exchange, of which 11,315 common shares will be issued to Sumitomo in order to retain its 10.1% interest in the Company and 11,091 common shares will be issued to Centerra in order to retain its 9.9% interest in the Company. A copy of each the Sumitomo IRA and the Centerra IRA, as well as a three-way acknowledgement agreement between the Company, Sumitomo and Centerra governing procedural matters relative to the exercise of equity participation rights under the Sumitomo IRA and Centerra IRA is available on the Company's SEDAR+ profile.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296573 Original: Kenorland Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra
CA Market News
1月前
Kenorland Minerals Sells Torrance Project to Neotech MetalsApril 29, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce it has entered into a purchase and sale agreement (the "Purchase Agreement") with Neotech Metals Corp. (CSE:NTMC) ("Neotech") pursuant to which Neotech will acquire a 100% interest in 580 mining claims making up the Torrance REE Project located in Ontario (the "Project").As consideration for the Project, Neotech will issue 1,000,000 common shares of Neotech ("Shares") to Kenorland (see terms of the Purchase Agreement below). Figure 1. Geological map showing the location of the Torrance Project in OntarioTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/294818_14759eb0d43f5a9d_001full.jpgAbout the Torrance ProjectThe Torrance Project is a district-scale rare earth element exploration project located in northern Ontario along the Kapuskasing Structural Zone (KSZ). Covering approximately 12,127 hectares, the Project targets alkaline-carbonatite hosted Nb-Ta-REE mineralisation and exhibits distinct ringed magnetic features comparable to known complexes along the KSZ, including the Lackner Lake Complex, the Nemegosenda Lake Complex and the Hecla-Kilmer Complex. Situated approximately 125 km north of Timmins, the Project benefits from excellent infrastructure access, including nearby road networks and power.Since staking the Project in 2022, Kenorland has reprocessed regional geophysical datasets, completed a 2,865 line-km high-resolution aeromagnetic gradiometry and VLF-EM survey that identified multiple prospective targets, and conducted limited mapping and prospecting. The Torrance Project represents a compelling grassroots exploration opportunity for the discovery of a carbonatite-hosted REE system in a favourable mining jurisdiction.Figure 2. Results with interpretation from the aeromagnetic survey at the Torrance Project illustrating ringed magnetic patterns characteristic of known alkaline-carbonatite intrusive complexesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/294818_14759eb0d43f5a9d_002full.jpgTerms of the Purchase AgreementAs consideration for the Project, Neotech will issue 1,000,000 Shares to Kenorland. The Shares will be subject to a contractual lock-up for a period of 24 months following closing, during which time Kenorland has agreed not to sell, transfer, or otherwise dispose of the Shares, subject to customary exceptions including transfers to affiliates and in connection with a change of control of Neotech.Pursuant to the Purchase Agreement, Neotech has also committed to complete a minimum of 2,000 metres of diamond drilling on the Project on or before the third anniversary of closing (the "Drilling Commitment"), subject to customary force majeure provisions. If Neotech does not satisfy the Drilling Commitment by such date, Kenorland has the right to require Neotech to assign its interest in the Project back to Kenorland for nominal consideration, with the Project in good standing.The Project remains subject to the existing 2.0% net smelter returns royalty held by Kenorland Royalties Ltd., a wholly-owned subsidiary of Kenorland. Closing of the transaction remains subject to customary conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, if required, and Canadian Securities Exchange.Qualified PersonJanek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824, APEGNB #8348), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294818
Original: Kenorland Minerals Sells Torrance Project to Neotech Metals
CA Market News
1月前
Kenorland Minerals and Auranova Resources Announce Completion of Spring Drill Program at the South Uchi Project, OntarioApril 28, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") and Auranova Resources Inc. ("Auranova") are pleased to announce the completion of the 2026 spring drill program at the South Uchi Project (the "Project"), located in the Red Lake District of Ontario. 2026 Spring Drill ProgramThe Phase 3 program comprised six diamond drill holes totaling 3,187 metres, following the successful identification of a new gold-bearing structural corridor, discovered during the Phase 2 fall 2025 drill program (see press release dated January 28, 2026). The drill holes were designed as large step-outs towards the west and east at roughly 500 metre spacing, testing strike extensions of the mineralisation concealed beneath deep glacial till and glaciolacustrine cover. Assay results are expected in Q2 2026.Figure 1. Plan map showing geology and drill hole locations in the Papaonga target area To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/294475_5cfd20666480eb0e_001full.jpgPapaonga TargetFollow-up drilling at the South Uchi Project has successfully intersected alteration and mineralisation along strike of previously reported drill holes 25PADD031 and 25PADD034 which intersected a ~200 m-wide mineralised corridor that returned multiple ~10 m-scale intervals of anomalous gold (see press release dated January 28th, 2026). Recently completed drillholes from Phase 3 encountered broad zones of pervasive, moderate to strong silica and sericite alteration, with locally developed albite alteration, indicative of continuity of the hydrothermal alteration system. Associated sulphide content was observed, occurring as both disseminated and stringer-style pyrite. This mineralisation was hosted within quartz- and feldspar-phyric intermediate to felsic intrusive units, as well as intermediate to felsic volcaniclastic rocks and lesser mafic volcanic rocks, notably within 26PADD046 between approximately 123-165m and 214-387m down hole. The volcanic-volcaniclastic rocks have undergone moderate to strong deformation hosting multi-stage, quartz-carbonate-sulphide veining, while the intrusive rocks have developed weak-moderate strain with more pervasive alteration and disseminated sulphide, showing rheological contrast between rock units within the regional belt-parallel structure. Although favorable alteration and mineralisation is present within the recently completed holes, it does not necessarily indicate economically significant grades.Next StepsFollowing the completion of the spring drill program at the Project, Kenorland will maintain the camp and infrastructure at Papaonga in preparation for a potential subsequent drill program, which is tentatively planned for summer 2026.Figure 2. Regional geology with significant gold deposits and South Uchi Project locationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/294475_5cfd20666480eb0e_002full.jpgAbout South Uchi ProjectThe South Uchi Project was first identified and staked by Kenorland based on the under-explored region's prospectivity to host significant gold mineralised systems. The Project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south. Multiple major east-west striking deformation zones associated with the subprovince boundary transect the Project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralisation. Prior to Kenorland staking the Project, records indicated little to no systematic exploration had been completed, and the land package remained under-explored. The majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP Fault Zone on the Dixie Project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear Project) highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.Kenorland announced on December 2, 2024, that it had entered into a definitive agreement with Auranova, granting Auranova the right to earn up to a 70% interest in the Project. Pursuant to the agreement, Auranova may earn an initial 51% interest in the Project by making cash payments totalling $500,000 to Kenorland, completing a diamond drilling program with at least $8,000,000 in qualifying expenditures or completing 15,000 metres of drilling within two years of receiving a drill permit, issuing Kenorland 19.9% of Auranova's common shares, and maintaining Kenorland's 19.9% share position until Auranova raises a minimum of $10,000,000 through share issuances, after which Kenorland's stake will remain at 10% on a pro-rata basis through to the completion of a Preliminary Economic Assessment (the "PEA"). Kenorland has received the $500,000 in cash payments and currently holds 9,242,267 common shares of Auranova and confirms that Auranova has now earned a 51% ownership interest in the Project (see press release dated July 2, 2025). Further, Auranova may earn an additional 19% interest, for a total of 70%, by incurring an additional $10,000,000 in qualifying expenditures on or before the third anniversary of Auranova's election to proceed with the second option. Kenorland will also retain a 30% carried interest in the Project through to the completion of the PEA, at which point a joint venture will be formed.Kenorland also holds a 2% net smelter return royalty on the Project (see press release dated September 16, 2024). Qualified PersonsJanek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824, APEGNB #L7273), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.William Yeomans, P.Geo., an independent "Qualified Person" under National Instrument 43-101, has also reviewed and approved the scientific and technical information in this press release. Mr. Yeomans is a gold exploration professional with over 40 years of experience in all stages of gold exploration throughout the Americas, including the Superior Province throughout Quebec and Ontario. He gained extensive exploration management experience across the entire Guiana Shield with BHP and has generated projects which resulted with significant NI 43-101 gold resources. He has worked as a consultant to IAMGOLD and Dundee Precious Metals Inc., identifying acquisition opportunities across Canada, the USA and South America. He is currently the President of Yeomans Geological Inc. as well as 1127637 B.C. Ltd. and has many years of experience as a board member for several junior mining companies.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com. About Auranova ResourcesAuranova Resources is a publicly listed company focused on the discovery of new gold systems in the Birch Uchi Belt, in partnership with Kenorland Minerals Ltd., as well as expanding its presence in the greenstone belts of Ontario.Further information can be found on the Auranova's website www.auranovaresources.com. On behalf of the Board of Directors of Kenorland Minerals Ltd.,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294475
Original: Kenorland Minerals and Auranova Resources Announce Completion of Spring Drill Program at the South Uchi Project, Ontario
CA Market News
2月前
Kenorland Minerals Announces Termination of Joint Venture Exploration Agreement at the O'Sullivan Project, Quebec; Receives Notice of Exercise of Top-Up Right from Sumitomo and CenterraApril 20, 2026 4:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 20, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Sumitomo Metal Mining Canada Ltd. ("Sumitomo") has elected to withdraw from the Earn-in and Joint Venture Exploration Agreement dated December 14, 2022 ("JVEA"), for the O'Sullivan Project (the "Project"), located in Quebec. The termination of the JVEA is effective May 9, 2026 and Kenorland will retain 100% ownership in the Project.Figure 1. Location Map of the O'Sullivan ProjectTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/293415_570b3398845ac969_001full.jpg*Effective May 9, 2026About the O'Sullivan ProjectThe O'Sullivan Project covers 27,534 hectares of mineral tenure within the Abitibi greenstone belt along the Casa Berardi Deformation Zone ("CBDZ"). The CBDZ is one of the primary structures that controls orogenic gold mineralisation in the belt and hosts the active Casa Berardi mine that has produced over 2.0 million ounces of gold since 1988, with recent proven and probable reserves of 1.27 million ounces*. Other major deposits along the CBDZ include the Douay gold deposit (2.52 million oz Au inferred and 511,000 oz Au indicated)** as well as the Nelligan gold deposit, having a 5.16 million oz Au inferred and 3.12 million oz gold indicated resource***. The O'Sullivan Project covers approximately 15 kilometres of strike length along the southern margin of the CBDZ where the deformation zone intersects volcanic rocks of the Stoughton-Roquemaure and Kidd-Munro assemblages.The Project is located approximately 50 kilometres east of the city of Lebel-sur-Quévillon and 150 kilometres northeast of Val-d'Or, Quebec. Local infrastructure includes a power transmission line transecting the property, a railway line approximately 5 kilometres to the north of the Project, and an extensive network of logging roads throughout the property.*Technical Report Summary on the Casa Berardi Mine, Northwestern Québec, Canada. Prepared for Hecla Mining Company, effective date December 31, 2023.**Technical Report on the Douay and Joutel Projects Northwestern Québec, Canada. Prepared for Maple Gold Mines Ltd., effective date March 17, 2022.***NI-43-101 Technical Report, Nelligan Gold Project, Québec. Prepared for IAMGOLD Corporation, effective date December 31, 2024.The mineral resources and reserves discussed for properties along the CBDZ are not located on the O'Sullivan Project. The Company has not verified this information and it is not being treated as current mineral resources or reserves of the Company. The information is provided for geological context only.Qualified PersonCédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.Notice of Exercise of Top-up RightKenorland also announces that, further to the investor rights agreement dated November 5, 2021 (the "Sumitomo IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and the investor rights agreement dated May 28, 2024 (the "Centerra IRA") between the Company and Centerra Gold Inc. ("Centerra"), each of Sumitomo and Centerra have issued to the Company notice of their respective intentions to exercise their 'top-up right' as it relates to share issuances completed by the Company in relation to the acquisition of the McVicar agreement area (see press release dated March 26, 2026).An aggregate of 26,596 common shares of the Company will be issued at a price of $2.35 per share for aggregate consideration of $62,500.60, subject to the approval of the TSX Venture Exchange, of which 13,431 Shares will be issued to Sumitomo in order to retain its 10.1% interest in the Company and 13,165 Shares will be issued to Centerra in order to retain its 9.9% interest in the Company. A copy of each the Sumitomo IRA and the Centerra IRA, as well as a three-way acknowledgement agreement between the Company, Sumitomo and Centerra governing procedural matters relative to the exercise of equity participation rights under the Sumitomo IRA and Centerra IRA is available on the Company's SEDAR+ profile.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293415
Original: Kenorland Minerals Announces Termination of Joint Venture Exploration Agreement at the O'Sullivan Project, Quebec; Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
CA Market News
2月前
Kenorland Minerals and Auranova Resources Commence Spring Drill Program at the South Uchi Project, OntarioApril 1, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce commencement of the Phase 3 diamond drill program at the South Uchi Project (the "Project"), located in the Red Lake District of Ontario and held under an option agreement with Auranova Resources Inc. ("Auranova").2026 Spring Exploration ProgramThe Spring 2026 exploration program will include up to 3,000 metres of drilling across six drill holes at the Papaonga target area. This phase of drilling follows the successful identification of a new gold-bearing structural corridor discovered during the Phase 2 Fall 2025 drill program (see press release dated January 28, 2026). The planned drill holes are designed as large step-outs towards the west and east, testing strike extensions of the mineralised structural corridor concealed beneath deep glacial cover. Kenorland remains the operator of the Project.Figure 1. Plan map of Papaonga target area with planned Phase 3 drill hole locationsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/290795_3bfffd71947988f5_001full.jpgThe drill program will consist of a series of drill fences approximately one kilometre apart, stepping out along strike from drill holes 25PADD031 and 25PADD034, which intersected an approximately 200-metre-wide mineralised corridor characterised by strong deformation, pervasive sericite-albite-silica alteration and disseminated sulphide mineralisation within mafic to felsic volcanic stratigraphy and feldspar porphyry intrusions. Within this corridor, multiple 10-metre-scale intervals contain anomalous gold values, highlighting the potential for significant mineralisation. Interpretation of regional magnetic datasets have identified the gold-bearing structure as a belt-parallel, east-west trending deformation zone, concealed beneath deep till and glaciolacustrine cover sequences. Despite limited bedrock exposure over the target area, grab samples from volcanic stratigraphy immediately north of the structural corridor returned values of up to 14.4 g/t Au, further underscoring the potential to host high-grade mineralisation.Figure 2. Regional geology with significant gold deposits and South Uchi Project locationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/290795_3bfffd71947988f5_002full.jpgAbout South Uchi ProjectThe South Uchi Project was first identified and staked by Kenorland based on the under-explored region's prospectivity to host significant gold mineralised systems. The Project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south. Multiple major east-west striking deformation zones associated with the subprovince boundary transect the Project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralisation. Prior to Kenorland staking the Project, records indicated little to no systematic exploration had been completed, and the land package remained under-explored. The majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP Fault Zone on the Dixie Project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear Project) highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.Kenorland announced on December 2, 2024, that it had entered into a definitive agreement with Auranova, granting Auranova the right to earn up to a 70% interest in the Project. Pursuant to the agreement, Auranova may earn an initial 51% interest in the Project by making cash payments totalling $500,000 to Kenorland, completing a diamond drilling program with at least $8,000,000 in qualifying expenditures or completing 15,000 metres of drilling within two years of receiving a drill permit, issuing Kenorland 19.9% of Auranova's common shares, and maintaining Kenorland's 19.9% share position until Auranova raises a minimum of $10,000,000 through share issuances, after which Kenorland's stake will remain at 10% on a pro-rata basis through to the completion of a Preliminary Economic Assessment (the "PEA"). Kenorland has received the $500,000 in cash payments and currently holds 9,242,267 common shares of Auranova and confirms that Auranova has now earned a 51% ownership interest in the Project (see press release dated July 2, 2025). Further, Auranova may earn an additional 19% interest, for a total of 70%, by incurring an additional $10,000,000 in qualifying expenditures on or before the third anniversary of Auranova's election to proceed with the second option. Kenorland will also retain a 30% carried interest in the Project through to the completion of the PEA, at which point a joint venture will be formed.Kenorland also holds a 2% net smelter return royalty on the Project (see press release dated September 16, 2024). Qualified PersonJanek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824, APEGNB #8348), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com.On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290795
Original: Kenorland Minerals and Auranova Resources Commence Spring Drill Program at the South Uchi Project, Ontario
CA Market News
2月前
Kenorland Minerals Expands Exploration Portfolio in Northern OntarioMarch 26, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that it has entered into purchase agreements (collectively, the "Agreements") to acquire a 100% interest in (i) 10,200 hectares of additional mineral claims (the "McVicar Agreement Area") located within the Birch-Uchi Subprovince of Ontario, expanding the Company's 100%-owned Lang Lake Project; and (ii) 58,700 hectares of additional mineral claims (the "Rottenfish Agreement Area") located within the Muskrat Dam greenstone belt in Ontario, expanding the Company's 100%-owned Muskrat Dam Project.Figure 1. Geological map showing the locations of the Lang Lake Project within the Birch-Uchi Subprovince and Muskrat Dam Project within the Muskrat Dam Greenstone BeltTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/289996_dc937db024ec59af_001full.jpgAbout the Lang Lake ProjectThe consolidated Lang Lake Project is an 84,000-hectare, 100%-owned property located within the Lang Lake greenstone belt of the Birch-Uchi Subprovince of the Archean Superior Craton. The Project incorporates the McVicar Agreement Area (formerly the McVicar Project) and encompasses significant strike lengths of folded iron formation within a well-endowed but underexplored geological belt, adjacent to both orogenic- and intrusion-hosted gold showings. The property covers numerous known occurrences within the McVicar Agreement Area and lies along strike from the combined 99,600 oz Au Dorothy and Dobie deposits and the past-producing 635,000 oz Au Golden Patricia Mine.Compilation and digitization of historical data have identified an approximately 2 km trend of anomalous gold in bedrock, representing a priority target for follow-up. A broader, systematic exploration program has been designed to further evaluate economic potential, with Phase 1 LiDAR surveys partially completed and a Phase 2 program planned to include approximately 2,000 soil samples to advance target generation across the property.Figure 2. Geological map showing the McVicar Agreement Area in relation to the Lang Lake Project and known mineral occurrencesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/289996_dc937db024ec59af_002full.jpgAbout the Muskrat Dam ProjectThe consolidated Muskrat Dam Project is a 142,500-hectare, 100%-owned Kenorland property located within the Muskrat Dam greenstone belt in the Archean Superior Craton. The project is underlain predominantly by volcanic rocks along the boundary between the Island Lake and North Caribou Subprovinces, and is located along strike from the Musselwhite Gold Mine. Historical exploration has primarily focused on VMS and Ni-Cu potential; however, the project covers prospective volcano-sedimentary sequences transected by major structures, highlighting broader potential for orogenic-style gold mineralisation.Compilation and digitization of historical data have identified multiple prospective target areas across the project, supporting follow-up exploration. Within the Rottenfish Agreement Area, the Eldor Kippey occurrence hosts historical grab samples with values up to 139.2 g/t Au, trench results exceeding 15 g/t Au, and historical drill intercepts including 50.23 g/t Au over 0.4 m and 6.38 g/t Au over 2.4 m, representing a priority target for immediate follow-up.A broader, systematic exploration program has been designed to evaluate the project's economic potential, with Phase 1 LiDAR surveys planned, followed by a Phase 2 program consisting of approximately 4,400 soil samples to advance target generation across the property.Figure 3. Geological map showing the Rottenfish Agreement Area in relation to the Muskrat Dam Project and known mineral occurrencesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/289996_dc937db024ec59af_003full.jpgTerms of the AgreementsMcVicar Agreement AreaUnder the terms of the McVicar Agreement, the Company has acquired a 100% interest in 10,200 hectares of mineral claims from arm's length parties. Consideration includes (i) a $100,000 cash payment upon signing of the McVicar Agreement; (ii) $250,000 in common shares of the Company ("Shares"), subject to a six-month escrow; and (iii) a $1,000,000 milestone payment upon the delineation of an NI 43-101 compliant mineral resource exceeding two million ounces of gold (or equivalent). In addition, the Company will grant a 1.0% net smelter return royalty on the acquired claims of which 0.5% may be repurchased by the Company at any time for a one-time cash payment of $1,000,000.Rottenfish Agreement AreaUnder the terms of the Rottenfish Agreement, the Company has acquired a 100% interest in 58,700 hectares of mineral claims from an arm's length party. Consideration for the claims is a $150,000 cash payment upon signing of the Rottenfish Agreement and the grant of a 1.0% net smelter return royalty on the acquired claims, of which 0.5% may be repurchased at any time for a one-time cash payment of $1,000,000. In addition, milestone payments are due as follows; (i) a $100,000 payment upon completion of the first field program on the property; (ii) a $150,000 payment upon completion of the first drill hole; (iii) a $300,000 payment upon the delineation of an NI 43-101 compliant mineral resource of at least one million ounces of gold (or equivalent); and (iv) a $500,000 payment upon a production decision on the property.Up to 75% of each milestone payment may be satisfied, at the Company's election, through the issuance of Shares, subject to the approval of the TSX Venture Exchange. Upon a production decision on claims comprising the Rottenfish Agreement Area, an additional one-time cash payment of $1,000,000 will be payable.All common shares of Kenorland issuable pursuant to the Agreements will have a deemed issuance price equivalent to the market price of such Shares at the time of issuance. The Shares will also be subject to a four-month and one day resale restriction from the date of their issuance. The Agreements and the issuance of the Shares thereunder are subject to the approval of the TSX Venture Exchange.The issuance of Shares under the Agreements will constitute a 'non-cash transaction' under each of the investor rights agreement dated November 5, 2021 between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and the investor rights agreement dated May 28, 2024 between the Company and Centerra Gold Inc. ("Centerra") under which each of Sumitomo and Centerra will have a participation right to acquire additional shares of the Company. The Company will provide a further update if these participation rights are exercised.Qualified PersonJanek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824, APEGNB #8348), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com.On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development & Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289996
Original: Kenorland Minerals Expands Exploration Portfolio in Northern Ontario
CA Market News
3月前
Kenorland Minerals and Auranova Resources Announce Upcoming 2026 Spring Drill Program at the South Uchi Project, OntarioMarch 18, 2026 7:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the approval of a Phase 3 diamond drill program at the South Uchi Project (the "Project"), located in the Red Lake District of Ontario and held under an option agreement with Auranova Resources Inc. ("Auranova").2026 Spring Exploration ProgramThe Spring 2026 exploration program and budget have been approved by Auranova and will include up to 3,000 metres of drilling across six drill holes at the Papaonga target area. This phase of drilling follows the successful identification of a new gold-bearing structural corridor discovered during the Phase 2 Fall 2025 drill program (see press release dated January 28, 2026). The planned drill holes are designed as large step-outs towards the west and east, testing strike extensions of the mineralised structural corridor concealed beneath deep glacial cover. Kenorland remains the operator of the Project, and drilling activities are scheduled to commence by the end of March.Figure 1. Plan map of Papaonga target area with planned Phase 3 drill hole locationsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/288907_1f0bae36546f4a4d_001full.jpgThe upcoming drill program will consist of a series of drill fences approximately one kilometre apart, stepping out along strike from drill holes 25PADD031 and 25PADD034, which intersected an approximately 200-metre-wide mineralised corridor characterised by strong deformation, pervasive sericite-albite-silica alteration and disseminated sulphide mineralisation within mafic to felsic volcanic stratigraphy and feldspar porphyry intrusions. Within this corridor, multiple 10-metre-scale intervals contain anomalous gold values, highlighting the potential for significant mineralisation. Interpretation of regional magnetic datasets have identified the gold-bearing structure as a belt-parallel, east-west trending deformation zone, concealed beneath deep till and glaciolacustrine cover sequences. Despite limited bedrock exposure over the target area, grab samples from volcanic stratigraphy immediately north of the structural corridor returned values of up to 14.4 g/t Au, further underscoring the potential to host high-grade mineralisation.Figure 2. Regional geology with significant gold deposits and South Uchi Project locationTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6489/288907_1f0bae36546f4a4d_002full.jpgAbout South Uchi ProjectThe South Uchi Project was first identified and staked by Kenorland based on the under-explored region's prospectivity to host significant gold mineralised systems. The Project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the Uchi geological subprovince to the north and the English River geological subprovince to the south. Multiple major east-west striking deformation zones associated with the subprovince boundary transect the Project, resulting in zones of strong shearing and folding of the supracrustal stratigraphy, which are favourable settings for orogenic gold mineralisation. Prior to Kenorland staking the Project, records indicated little to no systematic exploration had been completed, and the land package remained under-explored. The majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on the northern margin of the Confederation Assemblage. However, recent discoveries such as the LP Fault Zone on the Dixie Project by Great Bear Resources Ltd. (acquired by Kinross Gold and renamed Great Bear Project) highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.Kenorland announced on December 2, 2024, that it had entered into a definitive agreement with Auranova, granting Auranova the right to earn up to a 70% interest in the Project. Pursuant to the agreement, Auranova may earn an initial 51% interest in the Project by making cash payments totalling $500,000 to Kenorland, completing a diamond drilling program with at least $8,000,000 in qualifying expenditures or completing 15,000 metres of drilling within two years of receiving a drill permit, issuing Kenorland 19.9% of Auranova's common shares, and maintaining Kenorland's 19.9% share position until Auranova raises a minimum of $10,000,000 through share issuances, after which Kenorland's stake will remain at 10% on a pro-rata basis through to the completion of a Preliminary Economic Assessment (the "PEA"). Kenorland has received the $500,000 in cash payments and currently holds 9,242,267 common shares of Auranova and confirms that Auranova has now earned a 51% ownership interest in the Project (see press release dated July 2, 2025). Further, Auranova may earn an additional 19% interest, for a total of 70%, by incurring an additional $10,000,000 in qualifying expenditures on or before the third anniversary of Auranova's election to proceed with the second option. Kenorland will also retain a 30% carried interest in the Project through to the completion of the PEA, at which point a joint venture will be formed.Kenorland also holds a 2% net smelter return royalty on the Project (see press release dated September 16, 2024). Qualified PersonJanek Wozniewski, B.Sc., P.Geo. (EGBC #172781, APEGS #77522, EGMB #48045, PGO #3824, APEGNB #8348), Vice President of Operations at Kenorland, a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.About Kenorland MineralsKenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020, which contains an Inferred Mineral Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Moz of gold. Kenorland is based in Vancouver, British Columbia, Canada.Further information can be found on the Company's website www.kenorlandminerals.com.On behalf of the Board of Directors,Zach Flood
President, CEO & DirectorFor further information, please contact:Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.comCautionary 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. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288907
Original: Kenorland Minerals and Auranova Resources Announce Upcoming 2026 Spring Drill Program at the South Uchi Project, Ontario
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