Kenorland Minerals – South Uchi Project Optioned To Auranova Resources
Zach Flood, President and CEO of Kenorland Minerals (TSX.V:KLD – OTCQX:KLDCF – FSE:3WQ0) joins me to discuss the recent option agreement signed with Auranova Resources on the South Uchi Project, in the Red Lake region of Ontario. This agreement allows Auranova to acquire up to a 70% interest through a two stage process, including a set of cash payments, equity issuance, and extensive drilling commitments.
Zach elaborates on the project’s exploration history, including previous work by Barrick and additional efforts by Kenorland that have outlined large gold anomalies. We also discuss the location of the South Uchi Project, with nearby notable projects like the Great Bear Project, and the benefit of being in the Red lake District. I ask Zach why the Company decided not to drill this Project itself and to provide insights into Auranova Resources and future exploration plans, including the timeline for obtaining drill permits.
If you have any follow up questions for Zach or want more information on any project or partnership that Company has please email me at Fleck@kereport.com.
Click here to visit the Kenorland website.
Figure 2. Regional volcanic assemblages with significant gold deposits and South Uchi Project location
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https://www.cnbc.com/2024/12/03/stock-market-today-live-updates.html