Welcome to our dedicated page for Kenorland Minerals news (Ticker: KLDCF), a resource for investors and traders seeking the latest updates and insights on Kenorland Minerals stock.
Kenorland Minerals Ltd. reports developments tied to a Canadian mineral exploration portfolio focused on gold and other mineral targets in Ontario and Quebec. Recurring updates cover drilling programs at projects such as South Uchi, exploration work on 100%-owned properties, NI 43-101 technical reports, mineral resource disclosures, and project-level royalty interests.
Company news also includes option, earn-in and joint venture arrangements, project acquisitions or dispositions, TSX Venture Exchange-related share issuances, and investor-rights activity involving strategic shareholders. These releases document how Kenorland advances exploration targets, manages project ownership, and retains royalty exposure within its portfolio.
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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