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Results of the Initial Drill Program at ArcWest’s Teeta Creek Porphyry Copper-Molybdenum-Gold-Silver Project

Vancouver, British Columbia–(Newsfile Corp. – September 20, 2021) – ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest") is pleased to announce assay results…

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Vancouver, British Columbia–(Newsfile Corp. – September 20, 2021) – ArcWest Exploration Inc. (TSXV: AWX) (“ArcWest”) is pleased to announce assay results for the initial drill test of the Teeta Creek porphyry copper-molybdenum-gold-silver (“Cu-Mo-Au-Ag”) project, from a program completed by Teck Resources Limited (“Teck”). Following the release of final reports on the program, Teck has relinquished its options to earn an interest in the Teeta Creek and NVI projects, northern Vancouver Island, B.C. (Figure 1). ArcWest is now considering new funding partners in order to advance the Teeta Creek and NVI projects. ArcWest’s recommended targets for porphyry Cu-Mo-Au and epithermal Au-Ag on the Teeta Creek project remain to be drill tested. These include but are not limited to the following:

  • Historic drillholes in the Teeta Creek valley floor intersected significant porphyry Cu mineralization but were not assayed for Au. These include drill holes 75-1 and 68-3 (Figure 2), which intercepted 0.35% Cu over 67 m and 0.23% Cu over 87 m, respectively. A 400 m wide corridor between these two drillholes remains virtually unexplored and remains a priority target for follow up drilling. The most well-developed porphyry style stockwork on the property is present in outcrops in the vicinity of these drill holes as are outcrops of Cu mineralized, intensely QSP/clay-pyrite altered dacite porphyry which contain evidence for relict potassic alteration. The presence of anomalous Cu mineralization within zones of grade destructive alteration suggests potential to vector into better Cu mineralization with depth as the system transitions to potassic dominant alteration.
  • The most significant Cu and Au assays in grab samples collected from Teeta Creek by ArcWest geologists occur within variably altered porphyritic intrusive rocks along logging road outcrops at high elevations on the property. These include zones of strongly chalcopyrite mineralized porphyritic dykes from which grab samples returned assays up to 0.47% Cu. Proximal to this area, stibnite bearing epithermal Au-Ag mineralization occurs within a zone of intense argillic alteration that overprints the Teeta Creek porphyry system. Grab samples from this newly recognized epithermal Au-Ag system returned assays up to 21.1 g/t Au and 1 g/t Ag.

Tyler Ruks, President and CEO of ArcWest, commented, “ArcWest thanks our partner Teck for advancing our Teeta Creek and NVI projects. Further drilling at Teeta Creek is required to test the core of the system, including a virtually unexplored 400 m wide corridor situated between the two best historical drill intercepts on the property. At NVI, fieldwork confirmed previously identified multiphase brecciation and veining associated with the Ecila magnetic anomaly, as well as discovering a new porphyry prospect at Keogh that is highly deserving of follow up exploration. ArcWest continues to be fully committed to unlocking the emerging value of its 100% owned Teeta Creek and NVI porphyry projects and is now considering new funding partners.”

The 2021 Teeta Creek drill program included two drill holes for a total of 1,116 metres of drilling from two platforms (Table 1). The 2021 drill holes tested the northwestern extent of the known mineralization at Teeta Creek in an area where logging roads exposed mineralized diorite and feldspar porphyry dykes and breccias across widths of over 450 metres. The two drill platforms are situated 200 to 350 metres elevation above and 600 m north of historical drill holes which intersected significant copper mineralization over a broad area, including drill hole 75-1 (0.35% Cu over 67.1 metres). Both 2021 drill holes intercepted broad intervals of copper and molybdenum mineralization (Table 2). Individual core assays ranged up to 1.27 grams per tonne (g/t) Au over 2.4 m, 47.2 g/t Ag over 3.35 m, 1.047% Cu over 1.09 m, and 0.104% Mo over 2.09 m. ArcWest believes that the presence of widespread intense QSP at the lowest elevations tested during the drill program suggests potential to vector into better copper mineralization with depth as the system transitions to potassic dominant alteration.

Table 1: Location and orientation data, 2021 Teeta Creek drill program

Drill hole UTMNAD83E UTMNAD83N Azimuth Inclination Depth (m)
TTK-2021-001 604996 5583295 298 50 486
TTK-2021-002 604681 5583258 140 60 630

 

Table 2: Significant assay intervals, 2021 Teeta Creek drill program

Drill hole

From
m

To
m

Width
m

CuEq
%

Au
g/t

Ag
g/t

Cu
ppm
Mo
ppm
TTK-2021-001 16.30 235.40 219.10 0.07 0.020 0.2 447 30
TTK-2021-001 163.00 235.40 72.40 0.10 0.046 0.3 542 36
TTK-2021-001 179.00 219.50 40.50 0.12 0.080 0.4 622 22
TTK-2021-001 204.25 219.50 15.25 0.20 0.206 0.7 536 11
TTK-2021-002 71.20 381.84 310.64 0.10 0.014 1.0 721 43
TTK-2021-002 71.20 220.10 148.90 0.14 0.020 1.9 937 51
TTK-2021-002 71.20 145.59 74.39 0.18 0.038 3.0 1141 71
TTK-2021-002 71.20 112.50 41.30 0.25 0.062 4.9 1436 100
TTK-2021-002 71.20 91.00 19.80 0.39 0.110 9.4 1969 175

 

  1. Width refers to drill hole intercepts; true widths have not been determined. EOH = End of hole.

  2. CuEq (copper equivalent) has been used to express the combined value of copper (Cu), gold (Au), molybdenum (Mo), and silver (Ag) as a percentage of copper, and is provided for comparative purposes only. No allowances have been made for recovery losses that may occur should mining eventually occur. Calculations use metal prices of US$4.00/lb copper, US$1,800/oz gold, US$10/lb molybdenum, and US$22/oz silver, using the general formula CuEq % = Cu% + (Au g/t * (Au $ per oz/ 31.1034768) / (Cu $ per lb* 22.04623)) + (Ag g/t * (Ag $ per oz/ 31.1034768) / (Cu $ per lb* 22.04623)) + (Mo % * (Mo $ per lb / Cu $ per lb)).

Teeta Creek is part of a recently recognized late Neogene porphyry Cu-Mo metallotect, containing mineralized feldspar-(quartz-biotite-hornblende) phyric porphyritic intrusive rocks dated at 6.3 Ma (U-Pb, zircon; Nixon et al., 2020), making Teeta Creek one of the youngest porphyry copper systems in North America (Figure 1). The porphyry intrudes an older dioritic intrusion which is also altered and mineralized, but which may be a passive host rock to the younger porphyry system. The porphyry intrudes along an important northeast trending regional fault system, the Brooks Peninsula Fault Zone, which appears to offset the older diorite (Figure 1).

TTK-2021-001

Drill hole 2021-001 was collared outside the historical induced polarization anomaly (chargeability high) outlined by Cities Service Minerals Corp. in 1974 and directed toward the periphery of the historical Cu-Mo soil anomaly (Figure 2; Noel 1979). TTK-2021-001 primarily intersected the older diorite intrusion (79% of the core), with only minor porphyry (17%). The dominant alteration includes sodic-calcic (39%) and chlorite-magnetite (26%). The lack of strongly altered porphyry in this drill hole suggests that it only tested the margins of the porphyry system. A zone of late gold-arsenic-antimony mineralization is associated with quartz-sericite-pyrite alteration, quartz-carbonate veins and porphyry dykes between 204.25 and 219.5 metres.

TTK-2021-002

Drill hole TTK-2021-002 was collared about 320 metres west of TTK-2021-001 within the historical chargeability high and directed towards the western lobe of the historical Cu-Mo soil anomaly. Although collared in diorite, significant intervals of feldspar porphyry, including a late phase, were encountered below 220 metres downhole. Porphyry intrusions comprise 36% of the total length of the hole, including almost all of the interval 460 to 630 metres (EOH). A number of small breccia zones with angular and cuspate clasts were intersected below 305 m.

The dominant alteration in 2021-002 is quartz-sericite-pyrite (34% of total core length), with lesser potassic (28%) and sericite-chlorite (17%). The sodic-calcic alteration of hole 2021-001 is largely absent. Late phase porphyry dykes are dilutive with respect to Cu and Mo mineralization but can be strongly QSP altered and locally contain late epithermal Au-As-Sb (e.g. 1.0 g/t Au over 4.6 m, 469.6 – 474.2 m).

Although both drill holes intersected broad intervals of low-grade Cu-Mo mineralization, ArcWest believes that the central target area of the porphyry system was not tested by the initial phase of drilling (Figure 2). This central target of strongly altered and mineralized porphyry extends from the upper switchback of the main logging road, where well mineralized porphyry returned Cu assays up to 0.47%, south-southeast through a zone of intensely QSP altered and stockworked porphyry north of the Brooks Peninsula Fault between drill holes 75-1 and 68-2. This target area follows the long axis of the historical Cu-Mo soil anomaly, and is east of (or internal to) the 1974 chargeability high. Strike length of this untested porphyry target is about 1000 metres from the upper switchback to the southern lobe of the chargeability high, with a width of 200 to 400 metres.

NVI Project

Teck also completed a program of reconnaissance mapping and rock sampling on ArcWest’s 8529 hectare NVI project, also located in the late Neogene porphyry Cu-Mo belt of northern Vancouver Island. The most notable result was the discovery of a series of northwest-striking quartz-feldspar porphyry dykes cutting Karmustsen Formation mafic volcanics at the Keogh showing about 2 km north of Keogh Lake. The porphyry dykes are 2 – 10 metres wide and contain disseminated and vein-hosted pyrite-pyrrhotite-chalcopyrite+bornite mineralization. A composite chip sample across 8 m returned 0.347% Cu. The copper-mineralized porphyry is located near the southwest margin of a 300 by 600 m long chargeability high which is open to the southeast.

At the Ecila showing, located 3.6 km east of Alice Lake, multiphase magnetite, quartz-magnetite and quartz-chalcopyrite veining cutting patchy to pervasively magnetite altered Karmutsen basalt and microdiorite intrusions were identified, including a fine grained diorite body cut by magnetite-cemented breccia which is crosscut by quartz-calcite-magnetite-pyrite-chalcopyrite veins. This showing is located within a strong 1.8 km wide circular magnetic high. Limited rock sampling of the Ecila area by Teck returned Cu values up to 0.253%. The Ecila copper occurrence has yet to undergo ground geophysical surveys, soil geochemical surveys or drill testing.

Multiple targets at NVI remain to be ground-truthed. These include geophysical targets (magnetic highs) delineated in a recent Geoscience BC geophysical survey of the area that have potential for Ecila-like discoveries. Multiple historical mineral occurrences at NVI have yet to be relocated and sampled. These include the Walt showing (MINFILE, 2021) at the northeastern side of the property, for which a historical report references a malachite stained diorite that has yet to be relocated.

ArcWest’s corporate presentation is available for download here. ArcWest’s technical presentation is available for download here.

Quality Control

The 2021 Teeta Creek drill program was funded and operated by Teck. All drill core was logged, photographed, and cut in half with a diamond saw at a core logging facility in Port Alice, B.C. Half of the core was sampled and sent to the Bureau Veritas assay laboratory in Vancouver, British Columbia for analysis. Samples were prepared using prep. code: PRP70-1KG to produce a pulp. The pulps were analyzed by three analytical methods: the multi-element MA250 4-acid lithogeochemistry analysis, AQ250 aqua regia ultra-trace analysis and fire assay for Au. There was also an additional request for over limit analysis to be carried out by the MA370 ore grade 4-acid method on any sample reporting Cu values greater than 1%. Lithogeochemical assays for a full multi-element suite (59 elements) were obtained using the MA250 method. A total of 649 core samples were submitted and returned geochemical data not including 134 QA-QC samples. Duplicate samples were collected every 1 in 20 core samples and half core was cut in half again and separated into two samples for a single sample interval. QA/QC standards included a pulp blank (OREAS 22F) inserted every 1 in 40 core samples, a coarse blank inserted every 1 in 20 core samples, a medium grade (OREAS 501C) or high grade (OREAS 503D) Cu standard inserted in every 1 in 20 core samples. QAQC data has been compiled and furnished to ArcWest.

References

MINFILE, 2021. MINFILE BC mineral deposits database: BC Ministry of Energy and Mines, Mines and Petroleum Resources.

Nixon, G.T., Friedman, R.M., and Creaser, R.A., 2020. A new metallotect: late Neogene porphyry Cu-Mo mineralization in British Columbia. British Columbia Ministry of Energy, Mines and Petroleum Resources, British Columbia Geological Survey GeoFile 2020-03.

Noel, G.A., 1979. Report on the Teeta Creek property, Neroutsos Inlet, Nanaimo M.D., B.C. B.C. Property File ID 64905.

About ArcWest Exploration Inc.

ArcWest Exploration is a project generator focused on porphyry copper-gold exploration opportunities throughout western North America. The company is in possession of eight 100% owned copper-gold projects throughout BC’s premier porphyry copper-gold districts; at least four of these projects are scheduled to undergo partner funded drill testing in 2021. By conducting partner funded exploration on multiple exploration projects simultaneously, ArcWest’s chances of discovery are enhanced while exposing shareholders to minimal dilution. The company is managed by an experienced technical team with a track record of discovery and a reputation for attracting well-funded senior partners, including Freeport McMoRan, Robert Friedland group companies, ITOCHU, Antofagasta and Teck.

Qualified Person

ArcWest’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by John Bradford, PGeo, Technical Advisor, who serves as a Qualified Person under the definition of National Instrument 43-101.

For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.

Investors are cautioned that ArcWest Exploration Inc. has not verified the data from the Island Copper deposit. Further, the presence and style of mineralization on this property is not necessarily indicative of similar mineralization on the ArcWest Exploration Inc. property. Historical assays from drill programs on its properties have not been verified by ArcWest but have been cited from sources believed to be reliable. This news release contains statements about ArcWest’s expectations and are forward-looking in nature. As a result, they are subject to certain risks and uncertainties. Although ArcWest believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and ArcWest undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This news release contains statements about ArcWest’s expectations and are forward-looking in nature. As a result, they are subject to certain risks and uncertainties. Although ArcWest believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and ArcWest undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96993







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

Kenorland Minerals Reports Geochemical Results at the Chebistuan Project and Provides Exploration Update
Canada NewsWire
VANCOUVER, BC, Oct. 20, 2021

VANCOUVER, BC, Oct. 20, 2021 /CNW/ – Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3…

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

Canada NewsWire

Logo (CNW Group/[nxtlink id=

VANCOUVER, BC, Oct. 20, 2021 /CNW/ – 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/[nxtlink id=

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 1st 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/[nxtlink id=

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/[nxtlink id=

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
[email protected]

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
[email protected]

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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Today’s News

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

Kenorland Minerals Reports Geochemical Results at the Chebistuan Project and Provides Exploration Update
Canada NewsWire
VANCOUVER, BC, Oct. 20, 2021

VANCOUVER, BC, Oct. 20, 2021 /CNW/ – Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3…

Share this article:

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

Canada NewsWire

Logo (CNW Group/[nxtlink id=

VANCOUVER, BC, Oct. 20, 2021 /CNW/ – 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/[nxtlink id=

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 1st 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/[nxtlink id=

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/[nxtlink id=

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
[email protected]

Kenorland Minerals Ltd.
Francis MacDonald
Executive Vice President
Tel: +1 778 322 8705
[email protected]

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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Finlay Minerals commences drilling the Main Trend at Silver Hope; IP surveys successfully identify the presence of significant anomalies in the Equity East and Allin Zones

Finlay Minerals commences drilling the Main Trend at Silver Hope; IP surveys successfully identify the presence of significant anomalies in the Equity East and Allin Zones
Canada NewsWire
VANCOUVER, BC, Oct. 20, 2021

VANCOUVER, BC, Oct. 20, 2021 /C…

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Finlay Minerals commences drilling the Main Trend at Silver Hope; IP surveys successfully identify the presence of significant anomalies in the Equity East and Allin Zones

Canada NewsWire

VANCOUVER, BC, Oct. 20, 2021 /CNW/ – Finlay Minerals Ltd. (TSXV: FYL) (“Finlay” or the “Company“) is pleased to announce the commencement of a diamond drill program along the MAIN Trend and completion of the Induced Polarization (“IP”) geophysical survey over the Equity East and Allin Zones on its Silver Hope Property. The Silver Hope property is located approximately 70 kilometers (km) southeast of Houston, BC and surrounds Newmont Corporation‘s former Equity Silver Mine.

Highlights:

  • a 2,000 metre (m) oriented-core drill program has commenced along the Main Trend, targeting 5 mineralized zones from previous Finlay and historical drilling.
  • the recently completed IP survey successfully outlined two sizeable chargeability and resistivity anomalies, the Equity East and Allin anomalies. The Equity East anomaly covers approximately 1.0 km x 2.0 km and the second anomaly, the Allin, covers approximately 2.0 km x 1.5 km.
  • detailed IP will be undertaken over both anomalies in advance of drill testing in the spring of 2022, once all necessary permits have been secured.

Robert F. Brown, President & CEO of Finlay states:

“The successful completion of the IP survey is a major step forward in building a more comprehensive picture of potential mineralizing sources on the Equity East and Allin Zones.  Combined with the previously completed airborne magnetic survey, multi-element anomalous soil geochemistry, and geology, priority drill targets are being compiled to be tested in the spring of 2022.”

2021 Drilling:

A 2,000m oriented-core drilling program commenced over the Gaul, Superstition and Hope Zones along the MAIN Trend.  The drilling will be re-oriented from the historical E-W pattern to NW-SE taking into consideration findings of the initial oriented-core drilling program at the Gaul Zone in late 2020.  Drilling will target mineralization in the more susceptible tuff beds at less than 100m depth. 

2021 IP Geophysics:

Designed to provide a better understanding of the subsurface geology in these areas due to the lack of outcrop, the IP covered the ZTEM and airborne magnetic targets and a historical north-south oriented IP target immediately west of the Allin Zone.  Covering a 4.0 by 3.5 km area, a total of 19 line-km were completed and encompassed the Equity East and Allin Zones multi-element soil and rock geochemistry anomalies with 0.5 – 1.0 km spaced east-west lines.

The IP survey successfully outlined two major anomalies within the Equity East and Allin Zones. In combination with the completed airborne magnetic survey in 2020 and the ZTEM survey in 2012, the IP

survey helped confirm the subsurface geology with the Goosly Plutonic center underlying the Equity East and Allin Zones. The plutonic center hosts a large magnetic high feature at surface with a large low conductive core at depth. On top and surrounding this geophysical feature are several chargeability and resistivity IP anomalies. The Goosly Plutonic Suite could be the source of the mineralization present at the Main Trend (Newmont’s Equity Silver Mine Main & Southern Tail deposits, and Finlay’s Superstition, Hope and Gaul Zones). The Equity East and Allin IP anomalies show similarities to the Main Trend with porphyry-type intrusion centers which could host porphyry mineralization.

(CLICK HERE to see the map displaying the 2021 IP lines, the resulting IP anomalies that will be drill tested in 2022 and the 2021 Main Trend proposed drill holes). 

In addition, detailed mapping and rock sampling (including Terraspec alteration studies) in the Equity East and Allin Zones were undertaken as part of the efforts to build a comprehensive geological foundation.  The company plans to conduct exploration drilling on the Allin and Equity East Zones in the spring of 2022.

Qualified Person:

Wade Barnes, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia.  The Company recently completed a financing of $1.0 million flow-through and $1.64 million non-flow-through funds. 

Finlay Minerals Ltd. trades under the symbol “FYL” on the TSX Venture Exchange. For further information and details please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown, P. Eng.
President & CEO

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.

Forward-Looking Information: This news release includes certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements.  Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Silver Hope Property.  Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.






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