Kenorland Minerals Ltd. (OTC:NWRCD)

Kenorland Minerals Ltd, incorporated in 2016, is a Vancouver, BC-based company focused on identifying early stage exploration opportunities in politically-stable jurisdictions.

Frotet Project:

-Flagship Projects:

The Frotet Project covers 39,365 ha of the Frotet-Evans Archean greenstone belt within the Opatica geological sub-province of Quebec. The property is adjacent to the past-producing Troilus Au-Cu mine and covers several major deformation zones associated with known orogenic gold prospects, as well as stratigraphy hosting VMS deposits elsewhere in the belt.

The Frotet Project is held under an earn-in option to joint venture agreement with Sumitomo Metal Mining Canada Limted (SMMCL: 65%; Kenorland: 35%) where SMMCL has a further option to acquire an additional 15% interest, to hold a total 80% interest in the Frotet Project by funding an additional C$4 million in exploration expenditures by November 2021. Kenorland would then retain a 20% participating interest. If either party is diluted below 10% their interest would convert to a 2% uncapped NSR.

The project is located 100 kilometers to the north of Chibougamau, Quebec. Favorable infrastructure exists in the project area with an extensive forestry road network as well as the Route-du-Nord crossing the southwestern portion of the property. A power transmission line also crosses through the property which supplied power to the past producing Troilus mine.

The Archean Frotet-Evans greenstone belt (2793-2755 Ma) is comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks. The lower volcanic sequences are mafic dominant, composed of basaltic komatiites and high magnesium to iron tholeiites, while the upper sequences are generally intermediate to felsic in composition. Mafic intrusions are volumetrically abundant throughout the stratigraphic sequence, generally present as differentiated sills contemporaneous with the volcanic strata. Thin horizons of sedimentary rocks, consisting of argillites, greywackes and minor conglomerates are intercalated throughout the stratigraphy. Structurally, the volcanic sequences have been strongly deformed as a result of at least two major deformation events (2720-2690 Ma and 2690-2680 Ma) marked by several regional-scale folds dominating the core of the belt, and numerous major NE trending structures transecting the property. A significant number of small, high grade gold-quartz veins have been discovered across the belt, as well as multiple Zn-Cu-Ag-Au VMS deposits occurring in the southern portions of the belt. Together, the structural architecture combined with favorable lithological constraints and proven fertility indicate the Frotet-Evans Project is highly prospective for significant orogenic gold, intrusion-related gold (e.g. Troilus) and VMS mineralization.

Limited systematic historic exploration has been completed across Kenorland’s claim package. The discovery of copper-nickel bearing float samples in 1958 led to a staking rush, and subsequent discovery of many of the VMS deposits to the south of the current property. The NE trending structural corridor and Troilus Au-Cu deposit were discovered in the mid 1980’s as the result of reconnaissance exploration programs by Kerr Addison (lake sediment and soil sampling, and prospecting) concentrated along the western half of the Frotet-Evans greenstone belt. The area has seen very little follow-up exploration since the 1980’s, but modern geophysical surveys have added to the structural understanding of the Frotet-Evans greenstone belt architecture. As the project area is extensively covered with glacial till and many small lakes, Kenorland’s targeting strategy has been to apply a systematic exploration approach to the Frotet-Evans Project; integrating modern geochemical and geophysical datasets to the current geological understanding. This systematic approach has led to the identification of high-level follow-up targets, which are currently being tested.

The Frotet Project was acquired by Kenorland through map staking in March, 2017 and was optioned to Sumitomo Mining Metals Canada Limited (“SMMCL”) in April, 2018. In summer of 2018, Kenorland completed a property-wide B-horizon soil sampling program (till substrate) over 55,921 ha on an approximate 1500m x 150m grid for a total of 2308 samples. In winter of 2018-2019 a high-resolution helicopter-borne aeromagnetic survey was flown over areas of gold-in-soil anomalism. In spring of 2019, a property-wide LIDAR survey was flown to give context to surficial geology conditions and structural geology. In summer of 2019, infill soil sampling, till sampling, geologic mapping and boulder prospecting were conducted in anomalous areas. This work defined the Regnault target area, which was selected for a maiden diamond drilling program in winter of 2020. Prior to diamond drilling Kenorland conducted further geophysical testing including a very high-resolution drone-based aeromagnetic survey and an induced polarisation (IP) survey to aide in the delineation of diamond drill targets.



The maiden drill program at the Regnault target consisted of 6,000m of diamond drill core, which intersected significant gold mineralization in 8 out of the 15 holes testing various geological and geophysical targets. A follow-up 1,800m diamond drill program in the summer of 2020 also intersected significant gold mineralization in the Regnault target area, including in a newly identified gold-bearing structure. Upon discovery of a mineralized system at Regnault, Kenorland entered into an option agreement with O3 Mining to acquire the mineral rights to the south of the Regnault target, which is referred to as the Regnault South area. Detailed helicopter-borne aeromagnetic data and detailed B-horizon soils have been collected during the summer of 2020 and a detailed 3D IP survey has been conducted to infill the previous IP data over Regnault and extends into the Regnault South area. A 3rd phase of diamond drilling at Regnault, including Regnault South is scheduled to commence in the winter of 2021.

Healy Project:

Located in the prolific Goodpaster Mining District of Alaska, the Healy project covers numerous untested gold targets within an 18,470-hectare land package. The Healy Project was first identified and staked by Newmont Corporation (Newmont, formally Newmont Mining) in 2011 following a systematic screening of Alaska’s Tintina Gold Belt through regional stream sediment geochemical sampling. In 2018, Kenorland Minerals (formally Northway Resources Corp.) entered into an option agreement to earn up to a 70% interest in the project by funding US$4 million in exploration expenditures over a period of four years.

The property covers 18,470 hectares of state-owned Alaska mining claims and is located approximately 180 km southeast of Fairbanks and 70 km east of Delta Junction, Alaska which offer all amenities to serve exploration and mining activities. The property can be accessed via winter trail or helicopter from Delta Junction.

The Healy Project is located within the Goodpaster Mining District, which is part of the prolific Tintina Gold Province; host of significant deposits such as Donlin Creek, Fort Knox, Pogo, Coffee, Sheelite Dome and Dublin Gulch. The property straddles a regional contact between metamorphic basement rocks and Cretaceous igneous rocks, which is recognized as a regional control for gold mineralization. The project lies within the major north-east trending structural corridor of the Black Mountain Tectonic Zone. The Black Mountain Tectonic Zone is believed to be similar to other major north-east trending structures such as the Shaw Creek, Mt. Harper, Ketchumstuck and Sixtymile fault systems, all of which are associated with major mineral occurrences. Within the project area gold-in-soil geochemical anomalies are coincident with numerous north-east trending structures related to this major structural corridor. Gold mineralization is associated with quartz-sericite altered pyritic gneiss and schist units within the metamorphic basement rocks.

The Healy Project was originally identified as a multi-catchment gold anomaly through Newmont’s proprietary bulk leach extractable gold (BLEG) stream sediment sampling techniques during a regional survey of eastern interior Alaska. The project was staked in 2012 and had seen only limited early stage exploration including ridge-and-spur and grid soil sampling, geologic mapping and prospecting, and four shallow Shaw back-pack drill holes all completed by Newmont. The targets generated from these exploration campaigns had yet to be tested by diamond or reverse circulation drilling prior to the optioning of the property by Kenorland Minerals Ltd. (formally Northway Resources Corp.) in 2018.



Kenorland began exploration work in 2018 with additional surface geochemical sampling which led to an initial reconnaissance drill program in 2019. The 2019 campaign included ten shallow reconnaissance style reverse circulation (RC) drill holes which intercepted widespread low-grade gold mineralization within the Bronk target area. In 2020 further geochemical and geophysical surveys advanced the Healy project, including a helicopter-borne magnetometer and radiometric survey, a ground based magnetometer and very low frequency electromagnetic (VLF-EM) survey, 10 lines of RES/IP geophysical surveying and infill C-horizon soil sampling over the main target areas to help define drill ready targets for the 2021 summer program.

Tanacross Project:

The Tanacross Project covers 45,900 hectares of prospective ground in the Yukon-Tanana Terrane, which hosts the Casino porphyry Cu-Au-Mo-Ag deposit and the Coffee & Pogo orogenic Au deposits. Widespread hydrothermal alteration and several notable occurrences of porphyry style mineralization have been recognized on property, including mineralized intrusive centers at East Taurus, West Taurus, and Bluff, which demonstrates significant potential to host additional large porphyry copper systems.

The Project is located 80 kilometers northeast of Tok, Alaska. Summer access to the property is either by helicopter or by fixed wing aircraft to gravel airstrips located at the East Taurus, West Taurus and Bluff prospects. A twenty five-person semi-permanent camp is located next to the 600 meter air strip at West Taurus. The property can also be accessed by a 70 kilometer winter access route which connects to the Taylor Highway near Tok.

The geology of the Tanacross area is dominated by middle to upper Paleozoic metamorphic rocks of the Yukon-Tanana terrane, which have been intruded by Mesozoic to Tertiary granitoids. The Tanacross Project is located at the intersection between two major, terrane-scale structures: the NW trending, arc-parallel Big Creek Fault system and the NE trending, arc-perpendicular Sixtymile-Pika Fault system. The project is underlain by a regional magnetic anomaly identified from upward-continuation of magnetic data, suggesting the presence of a large buried batholith responsible for the clustering of porphyry systems at surface. Several high-level porphyry occurrences have been mapped across the property concentrated along a ridge where rock crops out, including the Taurus Cu-Mo-Au porphyry deposit. The majority of the property is covered by residual soils and vegetation, concealing multiple additional targets with similar signatures to areas of known mineralization identified through interpretation of regional soil geochemistry and geophysical survey data.

Copper-molybdenum mineralization was first discovered in the area in 1970 by International Minerals and Chemicals Corp which led to the discovery of the Taurus Cu-Mo-Au porphyry system. The USGS conducted regional stream sediment sampling for the Tanacross quadrangle in the mid 1970’s, stimulating exploration activity within the vicinity of the project area. Subsequent exploration programs focused on additional stream sediment and soil sampling and geologic mapping, identifying several porphyry Cu-Mo and banded Pb-Zn-Ag-Au prospects. In general, follow-up was limited to shallow drilling on a number of these prospects, with the exception of the Taurus system which has seen several drill campaigns.

Despite these early campaigns the area covered by Kenorland’s Tanacross property remains largely untested. Recent tectonic and metallogenic work completed by the Mineral Deposit Research Unit (MDRU) at the University of British Columbia as part of the Yukon-Alaska Metallogeny Project, as well as regional campaigns undertaken by the USGS have greatly added to the understanding of structural and temporal controls of deposit types throughout the region.

The majority of the Tanacross project was acquired through physical staking in February, 2017. In June, 2017 Kenorland acquired the Taurus Claims from a private owner, which cover the East Taurus and West Taurus Cu-Mo-Au porphyry prospects. In the summer of 2017 Kenorland geologists conducted a property-wide, ridge and spur soil sampling program. In the summer of 2018, Freeport-McMoRan funded additional ridge and spur soil sampling in prospective areas as follow up to the 2017 program. In the summer of 2019, a property-wide helicopter borne ZTEM / aeromagnetic survey was flown in order to identify geophysical expressions of buried porphyry bodies. In summer of 2019 a 9,000 meter diamond drill program was completed targeting known porphyry mineralization and geochemical anomalism. Kenorland plans to complete follow-up exploration on targets identified from the 2019 ZTEM survey, including detailed geological mapping and sampling, detailed geophysics and diamond drilling during the summer of 2021.

Pipeline:

-Pipeline:

O’Sullivan Project:

The O’Sullivan Project covers 27,595 ha of the Abitibi Greenstone Belt (AGB) along the Casa Beradi Deformation Zone (CBDZ). The CBDZ is of the primary structures that controls orogenic gold mineralization in the belt it hosts the active Casa Berardi mine that has produced 1.9 M ounces since 1988 and has proven and probable reserves of 1.7 million ounces (December 31st 2019) and the Nelligan gold deposit that has a 3.2 million ounce inferred resource (October 22 2019). The O’Sullivan project covers ~15km of strike length along the southern margin of the CBDZ where the deformation zone intersects volcanic rocks of the Stoughton-Roquemaure and Kidd-Munro
assemblages, which host several significant intrusive related Au-deposits such as the Douay West, Windfall and Langlois deposits.

The project is located approximately 50 kilometers east of the city of Lebel-sur-Quévillon and 150 kilometers northeast of Val-d’Or, Quebec. Local infrastructure includes a power transmission line transecting the property, a railway line ~5km to the north and an extensive network of logging roads throughout the property.

The geology of the O’Sulliavan Project consists of volcanic rocks belonging to the Stoughton-Roquemaure and Kidd-Munro volcanic assemblages. Rocks in the northwestern portion of the property associated with the CBDZ are marked by polymictic conglomerates and clastic sedimentary basins which have been moderately to strongly strained. This geological setting is analogous to that of the Casa-Beradi deposit to the west. Within the central and southern portion of the project the geology mainly consists of mafic volcanic rocks, and felsic to mafic intrusive rocks, primarily interpreted from magnetic data. The geological setting in the central and southern portion of the project are analogous to that of the Pusticamica Au deposit directly to the west. Outcrop is scarce as the majority of the project area is concealed by glacial stratigraphy.

In general, the O’Sullivan has seen very limited modern exploration when compared to other areas of the AGB. The majority of exploration consisted of diamond drilling (59 diamond drill holes for a total of 9,504m) targeting geophysical anomalies in the north. Within the central and east portion of the project limited glacial till sampling identified strong gold anomalism in till substrate but no follow-up work was documented. The southern portion of the project remains largely unexplored with only a few drill holes targeting discreet geophysical anomalies.

Hunter Project:


The Hunter Project covers 18,177 ha of a felsic volcanic complex within the Abitibi Greenstone Belt (AGB), which is highly prospective for syn-volcanic, Au-VMS & Au-porphyry type deposits such as the Horne 5, LaRonde, Cote Lake, Windfall & Troilus deposits. The project is located in the Abitibi clay belt, with very little bedrock exposure and therefore the area has seen very little systematic exploration when compared to other areas within the AGB.

The project is located approximately 20 km south of the city of La Sarre, Quebec with provincial highway 393 crossing the eastern portion of the property. A network of provincial and private roads provides excellent access throughout the property.

The Hunter project covers a large package of calc-alkaline mafic to felsic volcanic rocks, belonging to the Deloro Complex and approximately 20km of the upper geological contact between the Deloro and the Stoughton-Roquemarue tholeiitic complex which represents a transition into a rifted arc setting. Within the Abitibi Greenstone Belt this transitional geologic contact is spatially associated with the majority of large VMS deposits. VMS deposits formed along rifted arcs are recognized to contain more precious metal enrichment than other VMS systems.



The Hunter project is located within the Abitibi Clay Belt, an area blanketed by glaciolacustrine clays which typically inhibit all surficial geochemical exploration and therefore the Hunter area has seen little-to-no systematic exploration. Despite this lack of systematic exploration, glacial till samples from reverse circulation (RC) drilling have returned Au in heavy mineral concentrate values within the 98th percentile of enrichment for all samples digitized throughout the AGB by Kenorland Minerals (proprietary data), These results strongly suggest that there is a local gold-in-bedrock source. . Poly-metallic Cu-Au-Mo showings containing values of up to 100 g/t Au further highlight the prospectivity of the area.

There has been no surficial exploration on the Hunter property and only limited glacial till RC drilling completed by Overburden Drilling Management (ODM) between 1986 and 1989. A total of 169 diamond drill holes have been drilled on the property, 48 of which were part of a water-well program in the northern Abitibi region in the 1960’s and 1970’s. Of the remaining drill holes 30 were completed directly on strike of the Hunter VMS mine and the remaining 31 were sparsely distributed targeting bedrock conductors from MEGATEM data.

Napoleon Project:

Located in the historic Fortymile placer district, the Napoleon Project encompasses a high-grade quartz vein lode gold system. The hard rock source of much of the Fortymile placer district is believed to be sourced from the Napoleon area as the project straddles the highlands which feed the most productive gold bearing creeks.

The Napoleon project covers 6065 hectares of state owned Alaska mining claims and is located 15 km northeast of the town of Chicken or 140 km from Tok, Alaska along the seasonal Taylor Highway. The property is road accessible via the Taylor Highway with a network of four-wheel-drive tracks along the ridge tops throughout much of the project area.

The property is located within Alaska’s historic Forty Mile Mining District, which is part of the prolific Tintina Gold Province; host of significant deposits such as Donlin Creek, Fort Knox, Pogo, Coffee, Sheelite Dome and Dublin Gulch. Gold mineralization at Napoleon is hosted in high-grade quartz veins, related to a regional shear zone which intersects the Jurassic aged Napoleon pluton. Gold mineralization is controlled by east-west and northwest trending shear zones within the Napoleon pluton, commonly kaolinite-quartz-carbonate altered. High-grade gold is associated with quartz-pyrite veins, with K-feldspar-sericite-pyrite altered selvedges.

The property was first staked by Kennecott in 1998 following regional compilation work which identified anomalous gold-in-stream-sediment samples reported by Phillips Petroleum in a 1982 report. Kennecott carried out grid soil sampling over areas of known mineralization and regional ridge and spur soil sampling and infill stream sampling throughout the property. Between the 1998 and 1999 field seasons; soil sampling, prospecting, airborne and ground geophysics, and the excavation of 25 shallow trenches led to the discovery of five target areas: Main Zone, Saddle Zone, Trench 24 area, Twin Peaks and Burnt Ridge. Kennecott drilled 6 diamond drill holes and 10 reverse circulation holes and reported gold intercepts over 1.0 ppm in 8 of the 16 holes, with the best intercepts being 0.61m @ 34.71 g/t Au and 0.61m @ 14.74 g/t Au in the Main Zone, and 1.52m @ 6.56 g/t Au at Burnt Ridge.

The Napoleon property was explored by Tech Resources between 2000 and 2001 which included grid construction, a ground magnetic and induced polarization (IP) geophysical surveys, soil and rock sampling. This work was subsequently followed up with 11 diamond drill holes, returning 0.90m @ 20.59 g.t Au at Twin Peaks, and 3.00m @ 8.49 g/t Au at the Saddle Zone.

Between 2007 and 2009 Millrock Resources Inc. staked the Napoleon property and conducted additional soil and rock sampling along with a review and evaluation of existing data to generate additional drill targets. Millrock did not conduct any drilling on the property and the ground was eventually relinquished.

Northway Resources Corp. (Northway) acquired the Napoleon property in 2019 through staking based on internal state wide compilation and review of available data. Exploration activities conducted by Northway in 2020 include a ground based magnetometer and very low frequency electromagnetic (VLF-EM) survey and infill C-horizon soil sampling over the main target areas to help define drill ready targets.

Chebistuan Project:

The Chebistuan Project is an 161,025 ha district scale, green-fields exploration project within the prolific Abitibi Greenstone Belt. The Chebistuan Property is one of the largest contiguous land packages in the Abitibi covering ~100 km a series of crustal scale deformation zones and 140km of highly prospective sedimentary-volcanic rock contacts.

The Chebistuan Project is held 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.

The project is located 30 km west of the town of Chibougamau, Quebec: the largest town in Nord-du-Quebec, which provides excellent infrastructure and an experienced local workforce for exploration and mining activities. Project access is excellent via provincial highways flanking the southern border of the property with an extensive logging road network and high-voltage power transmission lines from James Bay reservoirs crossing the property.

The Chebistuan Project is located in the Abitibi Greenstone Belt, which is comprised of highly deformed packages of Archean volcanic rocks, siliclastic sedimentary basins and coeval intrusive rocks. Deformation along major corridors began in the northern Abitibi with the docking of the Opatica terrrane and progressively verged southward forming major gold deposits between 2700 Ma at Detour Lake in the north to < 2670 Ma along the Cadillac – Larder Lake & Porcupine – Destor deposits in the south. The property covers a major deformation zone which juxtaposes two different volcanic assemblages, a similar relationship is seen at the Detour Lake deposit. First order gold-controlling structures are often located on the margins of clastic sedimentary basins in close proximity to volcanic rocks. The Chebistuan property covers 140kms of these gold prospective contacts.

The property is located 30km west of the Chibougamau mining camp and 5km west of the Chapais mining camp (6.5 Moz Au; 2.7 Blbs Cu of historic production). The Chibougamau camp has historically been mined and explored for Cu-Au mineralization but the recent discovery of the Nelligan deposit (IAMGOLD – Vanstar Resources) highlights the regional potential for orogenic gold mineralization which has been overlooked in the past.

Spatial analysis of historic exploration data identified the Chebistuan project area as having very low exploration maturity when compared to the other areas within the Abitibi Greenstone belt. The 372 historic drill holes drilled within the project area were predominantly targeting geophysical anomalies for Cu-Au targets similar to those of the historic Chibougamau Au-Cu Mining Camp. Very little regional systematic exploration has been conducted. Provincial regional soil sampling during the 1980’s focused on sampling O-Ah horizon and lacked adequate detection limits to target low levels of Au in glacial sediment. Stream sediment sampling during the 1980’s was restricted to the eastern portion of the property with a focus on base metal exploration lacking analysis for Au or other precious metals.

The Chebistuan Project was acquired by Kenorland through map staking in December 2019 and was optioned to Newmont Corporation July, 2020. Over the summer of 2020 Kenorland collected 4540 B-horizon soils (till substrate) on a 1250m x 200m grid covering the entire property as a first pass reconnaissance style surface geochemical program. Future exploration in 2021 will consist of follow-up, infill soil sampling in areas identified as having elevated gold and pathfinder elements in soil from the 2020 program.

Chicobi Project:

The Chicobi Project covers 51,257 ha and over 45 kilometers of strike along the Chicobi Deformation Zone (CDZ), a major, yet under-explored structural break transecting the Abitibi greenstone belt of Ontario and Quebec. The CDZ is analogous to the other major breaks that host world-class Au deposits of the Abitibi, such as the Cadillac-Larder Lake, Casa-Berardi, and Sunday Lake – Lower Detour deformation zones, and has the potential to host significant orogenic gold and VMS mineralization.

The Chicobi Project is held under an earn-in option to joint venture agreement with Sumitomo Metal Mining Canada Limted (SMMCL) where SMMCL has an option to earn up to 51% interest by funding C$4.9 million in exploration expenditures. SMMCL then has the option to earn an additional 19% by funding an additional C$10 million in exploration expenditures within three years of the initial vesting period. Kenorland would then retain a 30% participating interest. If either party is diluted below 10% their interest would convert to a 2% uncapped NSR.

The project is located 30 kilometers northeast of the town of Amos, Quebec. Infrastructure in the vicinity is excellent with a road network throughout the project area providing easy access. Power transmissions lines and a railway also cross through the property.

The CDZ is a laterally extensive feature, which spans over 400km across the Abitibi greenstone belt. Reflection seismic and magnetotelluric (MT) studies suggest the CDZ could represent the surface expression of a crustal-scale to trans-lithospheric structure, a prospective conduit for mineralizing fluids. The stratigraphy along the CDZ consists of volcanic rocks of the Kidd-Munro and Stoughton-Roquemaure Assemblages, which have been structurally juxtaposed against clastic sediments and iron formations of the Porcupine Assemblage. Extensive polymictic conglomerates occur along the structural corridor of the CDZ, which are analogous to other late-basin sedimentary rocks spatially associated with mineralized systems elsewhere in the Abitibi (i.e. Timiskaming, Opemisca). The crustal architecture of the CDZ combined with favorable lithological constraints places the Chicobi Project in an optimal setting to host significant orogenic gold and VMS mineralization.

In general, the CDZ has seen far less exploration than the other major deformation zones throughout the Abitibi. The majority of historic exploration conducted throughout Kenorland’s claim package consisted of targeting conductive bodies identified from airborne electromagnetic surveys (INPUT) in the 1970’s and 1980’s. Although gold and base-metal mineralization was discovered during these early campaigns, the area has seen very little follow-up exploration largely due to the challenges related to extensive quaternary cover sequences. Significant occurrences associated with the CDZ include the Destiny gold deposit, which occurs seven kilometers north of the Chicobi Project as well as known VMS systems directly adjacent to the property. The Normetal mine, which is also spatially associated with the CDZ, occurs near the Quebec-Ontario border as well as AMEX’s flagship Perron Property. Kenorland views these as a positive indications that this structural corridor is fertile as it has seen auriferous fluid flow and contains prospective volcanic assemblages for VMS mineralization.

The Chicobi Project was acquired by Kenorland through map staking in October, 2016 and was optioned to NX Gold in April, 2017. NX Gold completed a 2D crustal-scale reflection and refraction seismic survey and an airborne VTEM-magnetic survey in 2017-2018. Kenorland received 100% of the property back after NX Gold terminated the option agreement in May 2018. In the summer of 2019, Sumitomo Metal Mining Canada Ltd. (SMMCL) funded a 217 hole sonic drilling program targeting glacial till that lies beneath ~10m of glaciolacustrine clay that covers much of the Abitibi Greenstone Belt. Sonic drill holes were drilled along existing access corridors at a spacing of 500m and averaged 16m in depth. A complete section of the glacial stratigraphy was collected as well as a top of bedrock sample. Glacial till samples were sent for several different analyses: fine-fraction geochemistry, gold grain counts, heavy mineral concentrate assays, and hyperspectral analysis on pebbles. All top of bedrock samples were sent for lithogeochemical and assay analyses. An additional 165 sonic drill holes have been completed throughout 2020 infilling to an approximate 800m x 500m grid in areas of elevated gold anomalism discovered the 2019 sonic drill till sampling program. Future exploration at Chicobi will consist of detailed grids of sonic drill holes and detailed geophysics on priority target areas identified in the regional sonic drill program in preparation for diamond drilling.