Kenorland Minerals Provides 2025 Exploration Update

Core Viewpoint - Kenorland Minerals Ltd. is actively advancing its exploration projects across multiple regions in North America, with significant partnerships and promising drilling results indicating potential for gold discoveries and resource development [1][2][3]. Financial Position - As of May 31, 2025, the company's working capital was approximately $24.3 million, with forecasted exploration expenditures exceeding $44.7 million for 2025, of which about $33.5 million is funded by partners [2]. - Expected revenue for the year is around $4.2 million, supplemented by an additional $0.6 million from a refundable mining tax credit [2]. - The company holds equity interests valued at approximately $6.68 million in various private and publicly listed companies [2]. Exploration Projects Frotet Project, Quebec - The Winter 2025 drill program at the Regnault gold system reported significant intercepts, including 6.70m at 30.41 g/t Au and 7.70m at 16.26 g/t Au, demonstrating the scale and continuity of the mineralization [3]. - A maiden mineral resource estimate is anticipated by late 2025 or early 2026, contingent on ongoing baseline studies and permitting processes [4][5]. South Uchi Project, Ontario - A maiden 27-hole, 14,365-metre diamond drill program confirmed the discovery of a new gold system, with highlights including 9.50m at 1.19 g/t Au [6][7]. - Auranova Resources Inc. has acquired a 51% interest in the project, with the option to increase to 70% [7]. Flora, West Wabigoon, and Algoman Projects, Ontario - Systematic geochemical programs outlined multiple large-scale gold anomalies, with follow-up exploration planned for 2025 [9][10]. - These projects are under a multi-year exploration agreement with Centerra, allowing them to earn up to a 70% interest [10][11]. Chebistuan Project, Quebec - The Winter 2025 drill program was curtailed due to challenging conditions, completing 2,449 metres with notable results of 5.10m at 1.19 g/t Au [12]. Hunter Project, Quebec - A maiden diamond drill program encountered widespread anomalous mineralization, with notable results including 2.85m at 0.50 g/t Au and 0.72% Cu [13]. O'Sullivan Project, Quebec - A till geochemical survey was completed, with results pending to guide further exploration [14]. New Projects - The Kowkash Project in Ontario and the Atlantic Project in New Brunswick are undergoing initial surveys, with the Eeyou Istchee Project in Quebec also in the exploration phase [15][16][17]. Other Assets - Kenorland holds a 6.5% equity interest in Koulou Gold Corp., which recently completed a financing round to support its exploration campaign [20]. - The company has entered into a definitive agreement with Evolution Nickel Corporation for the South Thompson Project, retaining a 2% NSR royalty [21]. - Ongoing exploration at the Opinaca Project is supported by a recent airborne geophysical survey [22].