Kenorland Minerals and Auranova Resources Report Drill Results at the South Uchi Project, Ontario; Auranova Completes Initial Earn-In

Core Insights - Kenorland Minerals and Auranova Resources have reported significant assay results from the 2025 Winter drill program at the South Uchi Project in Ontario, confirming a new gold system with widespread mineralization [1][4][6] - Auranova has completed the initial earn-in under the South Uchi option agreement, acquiring a 51% ownership interest in the Project [1][14] Drill Results - A total of 27 diamond drill holes were completed, totaling 14,365 meters, with 25 of 27 holes (93%) intersecting gold intervals of at least 0.1 g/t Au [4][7] - Notably, 15 of 27 holes (56%) intersected intervals of at least 1.00 g/t Au, and 6 of 27 holes (22%) intersected intervals of at least 5.00 g/t Au, with the highest grade intercept recorded at 14.60 g/t Au over 1.00 meter [4][10] - The mineralized corridor remains open in all directions, indicating potential for further discoveries [4][10] Project Overview - The South Uchi Project is located in the Red Lake District and covers an area with significant geological potential for gold mineralization, previously under-explored [19][21] - The project area features multiple major east-west striking deformation zones, which are favorable for orogenic gold mineralization [19][21] Future Plans - A follow-up Phase 2 drill program is planned for late summer 2025, with up to 5,000 meters of drilling aimed at expanding the newly discovered gold-bearing structural corridor [13][14] - The next phase will focus on tighter step-outs around the most promising drill holes to further assess the mineralization potential [13][14]