Kenorland Minerals (KLD.V) has released the final assay results from the 2022 winter program on the flagship Frotet gold project in Quebec where joint venture partner Sumitomo Metals and Mining has established a majority stake. Most of the results from the winter drill program had already been released but the final batch of five holes for a total of in excess of 2,800 meters was reported on last week, wrapping up the winter drill program.
All five remaining holes encountered gold with some of the intervals in hole 133 and 135 raising eyebrows. How else would one describe encountering 6.65 meters of 19.5 g/t gold? Even if you would isolate the higher grade interval of 1.06 meters containing 98.3 g/t gold, the residual 5.59 meters would still contain 4.55 g/t gold which would definitely be considered viable given the gross rock value of US$250/t at $1710 gold.
Hole 135 of the 2022 winter drill program encountered several distinct zones of mineralization with for instance 1.7 meters of 25 g/t gold and 2.7 meters containing 8.63 g/t gold. Relatively narrow? Sure. But the 2.7 meters would be mineable width while the high grade nature of the rock would be quite forgiving when it comes to dilution.
These final five holes of the winter drill program confirm the approach of the JV partners to aggressively step out along the known trends was the right call as the mineralized footprint continues to increase. A total of in excess of 45,000 meters has been drilled up to the recently announced Summer 2022 drill program which will consist of an additional 40,000 meters to be split up between a Summer 2022 drill program and a Winter 2023 drill program which with the latter running until April next year. At this moment, the company is using a rig to drill-test the Cressida target, where Kenorland and Sumitomo are anticipating to complete 2,500 meters of drilling now the 11,900 meters at Regnault have already been completed.
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