Kenorland Minerals Ltd (TSX-V:KLD), has provided the results from its recently completed Phase II follow-up geochemical survey at the Chebistuan project, located in the northern Abitibi greenstone belt of Quebec.
The precious metals company has an exploration agreement with Newmont Corporation for the project and plans to move ahead with additional planned exploration including detailed prospecting and geophysical surveys at one of the priority target areas within Chebistuan.
The now completed Phase II geochemical survey followed up on multiple anomalous areas of interest defined by the initial 2020 regional program (Phase I).
In total, 2,121 soil samples were collected for geochemical analysis and 225 till samples were collected for gold grain analysis.
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The results of Phase I and Phase II surveys have outlined multiple gold and pathfinder element anomalies within the Deux Orignaux AOI area, the company said.
These results will be used in conjunction with upcoming prospecting and detailed geophysical surveys, including airborne magnetics, radiometrics and induced polarization (IP), in preparation for drill targeting.
"This is another step forward and a significant development in the systematic exploration of the Chebistuan Project, one of the largest contiguous land packages in Quebec,” Zach Flood, Kenorland president and CEO, said in a statement.
Flood continued: “We've effectively screened over 170,000 hectares of ground in just over a year and we now have discrete target areas which will see detailed follow-up exploration, including prospecting and geophysical surveys this fall. We look forward to further advancing these targets with support from Newmont Corporation."
The Chebistuan project consists of 3,000 claims (161,025 hectares) which are solely owned by Kenorland. The Quebec-based project is currently under an exploration agreement with a venture option with Newmont Corporation. The agreement provides an option for a two-phased exploration earn-in over three years, where Newmont can earn a 51% interest in the Chebistuan project through certain exploration expenditures and cash payments to Kenorland.
Contact the writer at georgia@proactiveinvestors.com