Kenorland Minerals and Auranova Resources Commence 2025 Fall Drill Program at the South Uchi Project, Ontario

Core Viewpoint - Kenorland Minerals Ltd. and Auranova Resources Inc. have initiated a Phase 2 diamond drill program at the South Uchi Project in Ontario, aiming to expand on previously discovered gold-bearing structures and test new areas [1][2]. Group 1: Drill Program Details - The Fall 2025 exploration program includes up to 6,000 meters of drilling across 13 drill holes at the Papaonga target area, following a successful maiden drill program earlier in 2025 [2]. - The current drill program focuses on tighter step-outs around hole 25PADD023, which intersected mineralized shear zones with visible gold, and broader step-outs along an east-west trending deformation zone [3][6]. - The program aims to define the geometry and continuity of mineralization and explore previously untested areas concealed by deep overburden [6]. Group 2: Project Background - The South Uchi Project is located in a region with significant gold mineralization potential, covering volcanic rocks and deformation zones favorable for orogenic gold systems [9]. - Prior to Kenorland's involvement, the project area had seen little systematic exploration, highlighting its under-explored nature [9]. - Recent discoveries in the region, such as the LP Fault Zone by Great Bear Resources, underscore the prospectivity of the Confederation Assemblage [9]. Group 3: Partnership and Ownership Structure - Kenorland has entered into an agreement with Auranova, allowing Auranova to earn up to a 70% interest in the project through cash payments and drilling expenditures [10][12]. - Auranova has already earned a 51% interest by making cash payments of $500,000 and completing qualifying expenditures [13]. - Kenorland retains a 30% carried interest in the project until the completion of a Preliminary Economic Assessment, after which a joint venture will be formed [13].