Kenorland Minerals Ltd (TSX-V:KLD) has announced results from the 2021 maiden diamond drill program at its Healy project in Alaska's prolific Goodpaster mining district and held under a joint venture with Newmont Corporation.
Wide-spaced drilling was designed to test three target areas (Bronk, Thor, and Spike) defined by extensive gold-in-soil geochemical anomalies. Assays from all 14 holes completed during the program, which included 5,247 meters (m) of drilling.
"The maiden diamond drill program confirmed the presence of a large-scale gold system at Healy evidenced by broad mineralisation encountered throughout the wide-spaced drilling across multiple target areas,” said Kenorland CEO Zach Flood in a statement.
“While there are many indications that Healy represents a significant greenfields gold discovery within Alaska's prolific Goodpaster Mining District, it will require additional drill testing to fully evaluate the economic potential. We will provide an update on our exploration plans going forward after we have completed a detailed review of the results and targets with Newmont Corporation, which currently holds a 30% participating interest in Healy," he added.
READ: Kenorland Minerals intersects high-grade gold at its Regnault gold discovery and makes new vein discoveries
Along the southern end of the Bronk target area, the company said hole 21HDD011 intersected multiple intervals of broad low-level gold mineralisation within a steeply dipping shear zone including 37.68m at 0.12 grams per ton (g/t) gold (Au), 36.80m at 0.33 g/t Au, 20.55m at 0.16 g/t Au, and 21.90m at 0.22 g/t Au.
21HDD024 stepped out 800m along strike to the north of 21HDD011, also intersecting multiple intervals of low-level gold mineralization along the same structure including 11.82m at 0.12 g/t Au, 32.76m at 0.13 g/t Au, 35.56m at 0.26 g/t Au, and 26.41m at 0.19 g/t Au.
21HDD012 stepped out a further 600m along strike to the north of 21HDD024, intersecting 53.64m at 0.16 g/t Au.
21HDD013, a further 300-meter step-out along strike to the north of 21HDD012, intersected 34.86m at 0.19 g/t Au, extending the total strike length of mineralization at Bronk to over 1,700m with a mineralized footprint of up to 500m wide, open in multiple directions.
At Thor, the company said, located about 2 kilometers to the west of Bronk, hole 21HDD017 intersected 11.90m at 1.29 g/t Au within the hanging wall of a low angle structure along the contact between the augen gneiss and paragneiss units.
21HDD019, a 250-meter step out along strike to the south of 21HDD017, intersected 13.38m at 1.22 g/t Au within the hanging wall of a similar low angle structure within the augen gneiss unit.
21HDD015 drilled along the same fence as 21HDD019, intersected 24.16m at 0.25 g/t Au, also within the hanging wall of a low angle structure on the contact between the augen gneiss and paragneiss units. The known mineralized footprint at Thor is currently 500m-by-500m and remains open.
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