Kenorland Minerals Ltd (CVE:KLD) (FRA:3WQ0) has commenced drilling at the Healy Project within Alaska's prolific Goodpaster mining district.
The company said the maiden diamond drill program will consist of about 4,000 meters (m) over 10 holes, testing three target areas defined by strong gold in soil anomalism. The program is scheduled to last about two months and will be completed near the end of July.
"We're thrilled to be back in Alaska and kicking off the maiden diamond drill program at Healy,” said CEO Zach Flood in a statement.
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“This project represents an excellent opportunity for another completely greenfields gold discovery. The systematic regional exploration work completed by Newmont from 2010 to 2013 initially identified the presence of this significant gold system. When we optioned the ground in 2018, we continued the exploration efforts and have since then refined a number of high priority drill targets within these large-scale gold-in-soil anomalies. What's even more exciting is that this system sits within a district that hosts one of the major Alaskan gold mines, Pogo," Flood added.
In 2019, the company carried out a reconnaissance style track-mounted reverse circulation (RC) drill program consisting of a total of 800m from 10 shallow holes. The drilling encountered broadly disseminated gold mineralization over a 100 meter-wide structural corridor within the Bronk Zone, including 0.42 grams per ton (g/t) gold over 49.4m from surface, and bottoming in mineralization.
In 2020, the company completed detailed geochemical and geophysical surveys covering multiple target areas. The results of the comprehensive field program clearly defined multiple robust gold-in-soil anomalies associated with structural features and IP anomalies within all target areas.
Healy Project
As for the Healy Project, Kenorland said it covers numerous untested gold targets within an 18,470-hectare land package and was first identified and staked by Newmont Corporation in 2012, following a two-year regional stream sediment sampling program in eastern Alaska.
Healy is located along a major northeast-trending fault system, as well as the prospective regional contact between metasedimentary rocks and Cretaceous intrusive rocks, similar to the neighboring Pogo and Tibbs areas. The property scale structural geology is defined by numerous low-angle thrust faults cut by steeply dipping northeast-trending faults. Gold anomalism seems to be spatially associated with both steeply dipping faults and low angle thrust faults.
No recorded exploration work had been done on the Healy project prior to Newmont.
In 2018, Kenorland (formally Northway Resources Corp) entered into an option agreement to earn up to a 70% interest in the project by funding US$4 million in exploration expenditures over a period of four years.
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