Adds Birch-Uchi, Curie Lake And Root Lake West Properties To Portfolio
Kenorland Minerals Ltd.(TSXV: KLD) has acquired, through staking, 65,657 hectares of mineral claims within the Birch-Uchi Greenstone Belt, in the Red Lake district of Northwestern Ontario.
In addition, Kenorland has entered into an option agreement with a private Ontario company pursuant to which Kenorland has been granted the sole and exclusive option to acquire a 100% interest in the Curie Lake and Root Lake West properties.
The staked and optioned claims combine for a total of 76,511 hectares and are referred to as Kenorland’s South Uchi Project.
The Project covers a portion of Confederation Assemblage volcanic rocks, as well as the boundary between the volcanic-dominated Uchi subprovince to the north and the sedimentary-dominated English River subprovince to the south. Multiple major east-west striking shear zones associated with the subprovince boundary transect the Project along its 90km strike-length.
Deformation associated with these structures has resulted in zones of strong shearing, alteration and complex folded geometries of the metavolcanic-clastic metasedimentary-iron formation stratigraphy, which are favorable settings for orogenic gold mineralization.
President and CEO, Zach Flood, said the majority of gold deposits in the Red Lake District (Red Lake, Madsen, Hasaga, and others) are located on the northern margin of the Confederation Assemblage, however, the recent discoveries such as the LP Fault on the Dixie Project by Great Bear Resources Ltd. highlight the prospectivity of the entire Confederation Assemblage along the southern margin of the Uchi subprovince.
In addition to the gold prospectivity, the Project meets many of the criteria for potential lithium pegmatite deposits, including the presence of the large Alison Lake batholith (a fertile peraluminous granite), which is partly covered by the project. Numerous lithium pegmatite occurrences are located in the region, including the McCombe deposit (Ardiden Ltd.) located immediately to the east of the Project.
“The South Uchi Project is an excellent addition to our pipeline of greenfields exploration assets,” Mr Flood said.
“The project meets all of the criteria we look for, including an extensive amount of prospective geology concealed by glacial till, vastly under-explored, and favourable access and infrastructure.
“Our plan is to carry out a large-scale systematic geochemical survey over the entire property this summer. This approach has worked very well for us in Quebec and we will apply a similar methodology here in the Birch-Uchi belt.”