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Kenorland Minerals Ltd. (TSXV: KLD) (FSE: 3WQ0) (
Kenorland or
the Company ) and
Sumitomo Metal Mining Canada Ltd. ( SMMCL ) are pleased to announce plans for additional exploration on the Frotet Project, Quebec ( the Project ).
Summer 2021 Exploration Budget
Figure 1 Drill Collar Locations and 2021 3D Induced Polarization (IP) results over the Regnault Target Area (CNW Group/Kenorland Minerals Ltd.)
An additional C$6,600,000 exploration budget has been approved by the Frotet Management Committee for continued exploration during the summer months at the Frotet Project, located in northern Quebec. The majority of the budget will be allocated to diamond drilling at the Regnault discovery, in addition to surface exploration on other target areas within the 39,365 hectare property. Upon completion of the current drill program, it is anticipated that SMMCL will meet its expenditure requirements to earn an additional 15% interest (for a total of 80%) in the Project. The
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