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Be the first with the news that moves the market- Kenorland Minerals (TSXV:KLD) has made a grassroots discovery of an intrusion-related gold system at the Chebistuan Project, Québec
- The discovery was made during the maiden diamond drill program, under an exploration agreement with Newmont Corp. (NYSE:NEM)
- Along the eastern drill fence, one hole intersected a mineralised porphyritic syenite intrusion over 157.20 metres averaging 0.41 g/t Au from 84.41m to 241.61 metres downhole, including 20.61 metres at 0.97 g/t Au
- Kenorland Minerals Ltd. (KLD) opened trading at $0.72 per share
Kenorland Minerals (TSXV:KLD) has made a grassroots discovery of an intrusion-related gold system at the Chebistuan Project in Québec.
The discovery was made during the maiden diamond drill program, under an exploration agreement with Newmont Corp. (NYSE:NEM).
The company conducted 2,170 metres of drilling, including seven drill holes up to 358 metres in length along two fences to test across a structural and magnetic corridor within the Deux Orignaux target area.
Along the eastern drill fence, one hole intersected a mineralised porphyritic syenite intrusion over 157.20 metres averaging 0.41 g/t Au from 84.41m to 241.61 metres downhole, including 20.61 metres at 0.97 g/t Au.
The team believes there is strong potential to extend known mineralisation to the east and at depth where the geophysical signature remains open, as well as the potential for discovering additional mineralised intrusions, interpreted from geophysics, in the immediate area surrounding the discovery.
Drill collar table of reported drill holes from the 2023 winter drill program:
| HOLE ID | Easting (NAD83) | Northing (NAD83) | Elevation (m) | Depth (m) | Dip | Azimuth |
| 23DODD01 | 477150 | 5526293 | 337 | 285.35 | -48 | 333 |
| 23DODD02 | 477072 | 5526455 | 337 | 291.00 | -48 | 333 |
| 23DODD03 | 477232 | 5526138 | 337 | 287.73 | -48 | 333 |
| 23DODD05 | 477335 | 5525931 | 337 | 358.00 | -48 | 332 |
| 23DODD04 | 477413 | 5525778 | 337 | 304.00 | -50 | 333 |
| 23DODD06 | 476830 | 5525693 | 337 | 343.00 | -48 | 333 |
| 23DODD07 | 476743 | 5525867 | 337 | 301.00 | -48 | 333 |
The company’s president and CEO, Zach Flood, called the grassroots discovery of another significant gold system a major milestone for Kenorland and is a testament to the team’s exploration strategy, as well as the expertise of the exploration team.
“Following over two years of systematic geochemical exploration, initially covering over 178,000 hectares of ground, we managed to make this discovery with a very limited initial drill program, and we believe we’ve only scratched the surface of this intrusion-related gold system. We’re very excited to see how this evolves moving forward,” Flood said in a statement.
Located in the northern Abitibi greenstone belt, the Chebistuan Project consists of 2,918 claims covering 1586.3 square kilometres, 100 per cent owned by Kenorland. The property covers 100 km of a major east-west trending deformation zone that may represent the continuation of the Sunday Lake Deformation Zone; host to major gold deposits.
Kenorland Minerals Ltd. is a Vancouver, B.C.-based mineral exploration company focusing on early to advanced-stage exploration in North America.
Kenorland Minerals Ltd. (KLD) opened trading at $0.72 per share.
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