Gold

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or "the Company") is pleased to announce it has entered into a property option agreement (the "Option Agreement") with a wholly owned subsidiary of Centerra Gold Inc. ("Centerra") (TSX: CG) (NYSE: CGAU) pursuant to which Kenorland has agreed to grant to Centerra the option to acquire up to a 70% interest in the Hunter property (the "Project"), located within the southern Abitibi Greenstone Belt, in Quebec.

Zach Flood, CEO of Kenorland Minerals states, "We're looking forward to working with Centerra on the Hunter Project and to kick-off another large-scale systematic greenfields exploration initiative in the Abitibi Greenstone Belt. We believe this prospective region is generally under-explored due to the extensive glacial cover masking the bedrock geology and we look forward to advancing the project towards discovery with our newest partner."

Option Agreement

Pursuant to the Option Agreement, Centerra can earn an initial 51% interest in the Project by incurring an aggregate of $5,000,000 in mineral exploration expenditures on or before the fourth anniversary of the Option Agreement (the "First Option").

Centerra can earn an additional 19% interest in the Project, for an aggregate 70% interest held (the "Second Option"), by completing a technical report in respect of the Project that establishes a mineral resource of at least one million ounces of AuEq prepared in accordance with the requirements of National Instrument 43-101 of the Canadian Securities Administrators on or before the fourth anniversary of the exercise of the First Option, provided that Centerra must provide notice of its intent to exercise the Second Option within 90 days of the exercise of the First Option.

Following the earning of a 70% interest, Centerra and Kenorland will form a joint venture in respect of the Project. In the event a joint venture participant's interest is diluted to below 10%, it will exchange its joint venture interest for a net smelter returns royalty of 2% on currently unencumbered claims and 1.5% on claims currently encumbered by an existing royalty.

About the Hunter Project

In 2019, the Company acquired the Hunter Project through map staking after completing a comprehensive compilation and review of historical exploration data covering the project area. The property covers 18,177 hectares of mineral tenure over a felsic volcanic complex within the southern Abitibi Greenstone Belt. These felsic-dominant volcanic complexes are highly prospective for syn-volcanic, Au-VMS type systems such as the world-class Horne and LaRonde deposits. The property is dominantly covered by glacial till and lake sediments, resulting in sparse bedrock exposure with very little systematic exploration due to the challenges of exploring through thick glacial sedimentary cover. In early 2020 the company completed 5 sonic drill-for-till holes to confirm the presence of elevated gold anomalism in the glacial till cover identified from historical data compilation. In August 2021, the Company completed a property-wide airborne Versatile Time Domain Electromagnetic (VTEM) geophysical survey aimed to identify potential volcanogenic massive sulphide (VMS) targets for follow-up exploration. A total of 1,104 line-kilometers were flown at a spacing of 200m.

Figure 1. Hunter Project Location

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Figure 1. 

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Qualified Person

Mr. Jan Wozniewski, B. Sc., P. Geo., OGQ (#2239) is the "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSXV: KLD) is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Kenorland's focus is early to advanced stage exploration in North America. The Company currently holds three projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo, the Chicobi Project is optioned to Sumitomo, and the Chebistuan Project is optioned to Newmont Corporation. In Ontario, the Company holds the South Uchi Project under an earn-in agreement with a wholly owned subsidiary of Barrick Gold Corporation. The Company also owns 100% of the advanced stage Tanacross porphyry Cu-Au-Mo project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska, USA.

Further information can be found on the Company's website www.kenorlandminerals.com.

Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
zach@kenorlandminerals.com

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
francis@kenorlandminerals.com

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Kenorland Minerals Begins Drilling at Regnault, Quebec

Kenorland Minerals Begins Drilling at Regnault, Quebec

Kenorland Minerals Ltd. Logo (CNW Group/Kenorland Minerals Ltd.)

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ( "Kenorland" or "the Company" ) is pleased to announce the commencement of the Q1 2022 winter exploration program at the Regnault gold discovery within the Frotet Project ( "the Project" ), located in northern Quebec and held under joint venture ( "the Joint Venture" ) with Sumitomo Metal Mining Canada Ltd. ( "SMMCL" ).

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Kenorland Minerals intersects 17.96 g/t Au over 15.40m at Regnault

Kenorland Minerals intersects 17.96 g/t Au over 15.40m at Regnault

Logo (CNW Group/Kenorland Minerals Ltd.)

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ( "Kenorland" or "the Company" ) is pleased to announce initial drill results from the recently completed 17,792 meter diamond drill program at the Regnault gold discovery within the Frotet Project ( "the Project" ), located in northern Quebec and held under joint venture ( "the Joint Venture" ) with Sumitomo Metal Mining Canada Ltd. ( "SMMCL" ). Assays from 32 of the 57 drill holes completed during the program, including 9,824 meters, are reported herein. Results from the remaining 25 holes (7,968 meters) will be reported once all assays have been received and compiled.

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Kenorland Closes $5.2 Million Strategic Investment By Sumitomo

TSX Venture Exchange
Trading Symbol: KLD

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (" Kenorland " or the " Company" ) is pleased to announce the closing of a $5.2 million strategic investment (the " Financing ") by Sumitomo Metal Mining Canada Ltd. (" Sumitomo ").

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Kenorland Minerals Reports Geochemical Results at the Chebistuan Project and Provides Exploration Update

Logo (CNW Group/Kenorland Minerals Ltd.)

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (" Kenorland " or " the Company ") is pleased to report results from its recently completed Phase 2 follow-up geochemical survey at the Chebistuan Project (the "Project" ), located in the northern Abitibi greenstone belt of Quebec and held under an exploration agreement with Newmont Corporation. The company further announces additional planned exploration including detailed prospecting and geophysical surveys at one of the priority target areas within the Chebistuan Project.

Program Highlights

The Phase 2 geochemical survey followed up on multiple anomalous areas of interest defined by the initial regional program (Phase 1) in 2020. A total of 2,121 soil samples were collected for geochemical analysis and 225 till samples collected for gold grain analysis.  The results of the Phase 1 and Phase 2 surveys have outlined multiple gold and pathfinder element anomalies within the Deux Orignaux AOI (Figure  1), which will be further advanced with upcoming prospecting and detailed geophysical surveys, including airborne magnetics, radiometrics and induced polarization (IP), in preparation for drill targeting.

Figure 1. Combined Phase 1 and 2 geochemical survey results showing soil (till substrate) Au ppb (CNW Group/Kenorland Minerals Ltd.)

Zach Flood , President and CEO, states, "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.  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."

Deux Orignaux AOI

Within the Deux Originaux AOI are several target areas spatially associated with the contact between a clastic sedimentary basin (Opemiska Group) and volcanic rocks along a major structural bifurcation in the geometry of the greenstone belt. Multiple second-order structures at oblique angles to the 1 st order basin-bounding structure form "horse-tail splay" structural patterns through the AOI, which is prospective for orogenic gold deposits (Figure 2). A helicopter-borne magnetic survey and an IP survey are planned over the Deux Originaux AOI, as well as follow-up prospecting, to further vector in towards drill targets.

Figure 2. Deux Orignaux AOI (CNW Group/Kenorland Minerals Ltd.)

QA/QC and Sampling Protocols

Soil samples were collected from the B-horizon of soil developed on a till substrate.  Approximately 1 kilogram of material was collected from each sample site and shipped to Bureau Veritas ("BV") in Timmins, Ontario for preparation.  Samples were prepared for analysis according to BV method SS230; sieve individual samples to 230 mesh (-63 microns). Samples were analysed at BV in Vancouver, British Columbia with BV method AQ252_EXT; 30 grams of material digested in aqua regia with an ICP-MS finish.

About the Chebistuan Project

The Project consists of 3,000 claims (161,025 ha) owned 100% by Kenorland. The property covers approximately 100 kilometers of a major east-west trending deformation zone which may represent the continuation of the Sunday Lake Deformation Zone, hosting major gold deposits such as Detour Lake (Kirkland Lake Gold Ltd.) and Fenelon (Wallbridge Mining Company Ltd.).  The Chibougamau and Chapais mining camps, which have produced over 6.5 Moz of gold and 1.6 billion pounds of copper historically, are located directly to the east of the Chebistuan property.  The project is largely covered with glacial till and is accessed by a large network of logging roads as well as helicopter.

Figure 3. Chebistuan Project Location (CNW Group/Kenorland Minerals Ltd.)

The Project is currently under an Exploration Agreement with Venture Option with Newmont Corporation. The Agreement provides an option for a two-phased exploration earn-in over 3 years, where Newmont can earn a 51% interest in the Chebistuan Project through certain exploration expenditures and cash payments to Kenorland.  The initial phase of the agreement consists of a property- wide geochemical sampling program, target definition and testing.  Newmont then has the option to earn an additional 29% interest for a cumulative 80% interest (phase two earn-in) in the Chebistuan Project over 6 years by completing a 43-101 compliant pre-feasibility study on a minimum 1.5 Moz Au resource as well as meeting certain cash payments to Kenorland.  The parties may continue to explore and develop the property through an 80% Newmont, 20% Kenorland joint venture or, in the case of a construction decision, Kenorland can elect for Newmont to finance its portion of mine development cost.  If Newmont elects not to continue with the phase two earn in, then ownership interest in the project will switch to 51% Kenorland and 49% Newmont.

Qualified Person

Mr. Jan Wozniewski , B. Sc., P. Geo., OGQ (#2239) is the "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSX.V KLD) is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia , Canada. Kenorland's focus is early to advanced stage exploration in North America . The Company currently holds three projects in Quebec where work is being completed under joint venture and earn-in agreement from third parties. The Frotet Project is held under joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is optioned to SMMCL, and the Chebistuan Project is optioned to Newmont Corporation. In Ontario the Company holds the South Uchi Project under an earn-in agreement with a wholly-owned subsidiary of Barrick Gold Corporation. The Company also owns 100% of the advanced stage Tanacross porphyry Cu-Au project as well as an option to earn up to 70% from Newmont Corporation on the Healy Project, both located in Alaska, USA .

Further information can be found on the Company's website www.kenorlandminerals.com

Kenorland Minerals Ltd.
Zach Flood
President and CEO
Tel: +1 604 363 1779
zach@kenorlandminerals.com

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
francis@kenorlandminerals.com

Cautionary Statement Regarding Forward Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/kenorland-minerals-reports-geochemical-results-at-the-chebistuan-project-and-provides-exploration-update-301404193.html

SOURCE Kenorland Minerals Ltd.

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Kenorland Minerals Reports Geochemical Results at the Chicobi Project and Provides Exploration Update

Kenorland Minerals Reports Geochemical Results at the Chicobi Project and Provides Exploration Update

Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) (" Kenorland " or " the Company ") is pleased to report geochemical results from its third phase of sonic 'drill-for-till' geochemical sampling program at the Chicobi Project (the "Project" ),  located in the Abitibi greenstone belt of Quebec and held under an earn-in option to joint venture agreement with Sumitomo Metal Mining Canada Limited (SMMCL).  The company is further pleased to announce the commencement of detailed geophysical surveys in preparation for diamond drill targeting, tentatively scheduled for Q1 2022.

Kenorland, along with SMMCL, has been exploring the Chicobi Project since 2019 using overburden drilling methods to sample glacial till and top of bedrock below the layer of glaciolacustrine clay that obscures vast areas of the northern Abitibi greenstone belt. To date, three phases of sonic drilling, totaling 441 drill holes have been completed across the Project producing  ~1,500 samples for gold grain counts, heavy mineral concentrate assays, and till geochemistry assays.  These drill campaigns have systematically screened the property from the regional scale, covering over 50,000 hectares, down to a coherent gold and multi-element till anomaly (Target B) of approximately 1.5km x 3km in extent.

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  • During the 2022 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 86% of the Company's issued and outstanding common shares entitled to vote

NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 18, 2022 (the "Meeting"). All proposals were approved and all eleven director nominees were elected. A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting.

Kevin McArthur joins the Board of Directors of NOVAGOLD

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The Company raised a total of $750,000 from the issuance of the 10,000,000 units to fund various activities of Alianza including exploration, project generation, marketing of projects in 2022, and other corporate overhead costs.

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