Kenorland Minerals Ltd (TSX-V:KLD) has shared impressive final drill results from its 2021 summer-fall drill program at its Regnault gold discovery within the Frotet project in northern Quebec, which is held as a joint venture with Sumitomo Metal Mining Canada Limited (SMMCL).
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.
When talking about its drill results, the Vancouver-based mineral exploration company said assays from the remaining 25 of 57 drill holes were completed, including 7,968 meters (m) of the 17,792m program. Kenorland also offered an update on the recently completed winter drill program, including the announcement of additional vein discoveries at Regnault.
READ: Kenorland Minerals says it is well funded as it prepares for 2022 exploration activities
The drill program was designed to systematically test along strike and down-dip extents of the R1, R2 East and R2 West mineralized structures at Regnault. The company highlighted the following results:
- 21RDD088: Intersected 117.86 grams per ton (g/t) gold (Au) over 1.77m;
- 21RDD100: 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 along the R1 trend;
- 21RDD085: Intersected 48 g/t Au over 0.61m at R2 West
- 21RDD105: Over 2.50m returned 11.15 g/t Au, including 0.30m at 84.60 g/t Au at R1
- 21RDD094: Intersected 22.04 g/t Au over 0.92m at R1
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.
A winter drilling program has recently finished which explored for additional mineralized structures at depth within the Regnault gold system. Kenorland reported the discovery of the R5 vein and three additional vein structures to the south of R1 during the 2022 winter drill campaign. The assays are pending, according to the company.
Kenorland said the discovery of the new structures has advanced the understanding of the Regnault system and resulted in a “revised interpretation” of a stacked set of mineralised vein/alteration corridors localized around the multiphase Regnault intrusive complex.
In a statement, Kenorland CEO Zach Flood said: “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.”
He added: “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.”
Flood noted that he expects the 2022 fiscal budget to be finalized towards the end of the month.
“We look forward to continuing our advancement of this remarkable gold discovery,” he added.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive