Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) has announced approval for a $200,000 grant from Ontario’s government under the Ontario Junior Exploration Program (OJEP) on July 17, 2023, with the final tranche received on March 7, 2024. The grant supports the South Uchi Project in the Red Lake District, aiming to discover new drill targets.
OJEP Program Boosts Early-Stage Exploration
The OJEP program encourages early exploration by covering up to 50% of eligible costs. Zach Flood, CEO, expressed gratitude for the government’s support, emphasizing the program’s role in advancing exploration at South Uchi.
South Uchi Project’s Potential
Located in northwestern Ontario, the South Uchi Project seeks gold, nickel-copper, and lithium. Noteworthy are the recent discoveries of a gold-in-till anomaly and multiple Ni-Cu+/-Co-Pt anomalies, alongside new pegmatite occurrences.
Partnership with Sumitomo
Following a press release on March 8, 2024, Kenorland and Sumitomo Metal Mining Canada Ltd. have upheld Sumitomo’s interest in Kenorland by exercising a ‘top-up right’, highlighting ongoing partnership and investment in Kenorland’s projects.
About Kenorland Minerals
Kenorland Minerals Ltd. focuses on project generation and early-stage exploration, with a strategic approach to advance projects through partnerships. Key is the Frotet Project in Quebec, showcasing Kenorland’s expertise in discovering valuable mineral systems.
Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.
The image is randomly selected and doesn’t necessarily represent the company or the news below.