Welcome to our dedicated page for Kenorland Minerals Ltd. news (Ticker: KLDCF), a resource for investors and traders seeking the latest updates and insights on Kenorland Minerals Ltd. stock.
Kenorland Minerals Ltd (KLDCF) is a mineral exploration leader focused on systematic discovery of North American mineral resources. This news hub provides investors and industry observers with comprehensive updates on the company's exploration programs, strategic partnerships, and project developments.
Access verified information about Kenorland's activities including drilling results, royalty agreements, and joint venture announcements. The company's phased exploration strategy – spanning glacial till surveys to diamond drilling – is documented through official press releases and factual reporting.
Key updates cover resource definition at projects like South Thompson Nickel, partnership developments with groups including Sumitomo Metal Mining, and technical advancements in geochemical analysis methods. All content maintains strict compliance with NI 43-101 standards for mineral disclosure.
Bookmark this page for direct access to Kenorland's corporate announcements, ensuring you stay informed about new discoveries and operational milestones in North America's mineral exploration sector.
Kenorland Minerals (TSXV: KLD, OTCQX: KLDCF, FSE: 3WQ0) has initiated exploration programs across its five 100%-owned projects in Ontario, covering 331,000 hectares. The projects include South Uchi, Western Wabigoon, Flora, Algoman, and Stormy Lake, focusing on gold and various mineral deposits. Exploration efforts comprise detailed mapping, geochemical surveys, and heavy mineral concentrate till surveys, with a total budget of approximately C$3.2 million. The South Uchi project aims to define drill targets for 2025, featuring a budget of C$550,000. The Flora project, with a budget of C$570,000, will investigate gold and spodumene occurrences. Western Wabigoon's first phase, budgeted at C$640,000, targets gold deposits. Algoman's program, costing C$765,000, focuses on orogenic gold and LCT pegmatite. Stormy Lake's first phase, budgeted at C$677,000, includes LIDAR and geochemical surveys. Kenorland retains full ownership of the Separation Rapids Project post-termination of an agreement with Double O Seven Resources.
Kenorland Minerals has announced the final results from its 2024 winter drill program at the Frotet Project in Quebec. The program included 27 drill holes, totaling 18,448 meters. Key highlights include:
24RDD197: 4.70m at 24.16 g/t Au incl. 0.40m at 261.20 g/t Au at R2
24RDD215: 9.50m at 9.10 g/t Au incl. 1.20m at 45.92 g/t Au at R6
The results confirmed significant mineralization in the R1, R5, R6, and R7 structures, with some veins showing as much as 163.70 g/t Au. The data will contribute to updating the geological model, potentially leading to a maiden resource estimate. Broad-spaced infill and step-out drill holes along the R6 structure defined mineralization over approximately 1,300m E-W and 300m down dip. In the R11 trend, mineralization extends to vertical depths of 1,050m below the surface. CEO Zach Flood sees this as a milestone for the high-grade Regnault gold deposit.
Kenorland Minerals has completed a non-brokered private placement of C$9.86 million, issuing 8,315,871 flow-through shares. Centerra Gold acquired 9.9% of Kenorland's common shares as part of this offering. An investor rights agreement was also established between Kenorland and Centerra, allowing Centerra to maintain its ownership level in future equity issuances. Sumitomo Metal Mining Canada maintained its 10.1% interest in Kenorland through this placement. The raised funds will advance exploration projects in Quebec, Ontario, Manitoba, British Columbia, and Saskatchewan. All issued shares will adhere to a statutory hold period until September 29, 2024.
Kenorland Minerals has announced a strategic investment by Centerra Gold through a non-brokered private placement worth C$9.86 million. The deal involves the issuance of 8,315,871 flow-through shares, allowing Centerra to acquire roughly 9.9% of Kenorland's outstanding common shares. An investor rights agreement will grant Centerra rights to participate in future equity issuances. The funds will support exploration projects in Quebec, Ontario, Manitoba, British Columbia, and Saskatchewan. Sumitomo Metal Mining will also exercise its equity participation rights to maintain its 10.1% stake in Kenorland. The closing of the offering is anticipated around May 28, 2024, subject to TSX Venture Exchange approval.
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