Kenorland Minerals Reports Geochemical Results at the Chebistuan Project and Provides Exploration Update
The company further announces additional planned exploration including detailed prospecting and geophysical surveys at one of the priority target areas within the Chebistuan Project.
- The company further announces additional planned exploration including detailed prospecting and geophysical surveys at one of the priority target areas within the Chebistuan Project.
- Zach Flood, President and CEO, states, "This is another step forward and a significant development in the systematic exploration of the Chebistuan Project, one of the largest contiguous land packages in Quebec.
- 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 Frotet Project is held under joint venture with Sumitomo Metal Mining Canada Ltd. (SMMCL), the Chicobi Project is optioned to SMMCL, and the Chebistuan Project is optioned to Newmont Corporation.