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Auranova Resources and Kenorland Minerals Commence 2025 Fall Drill Program at the South Uchi Project, Ontario
MTIMTI(US:MTX) Newsfileยท2025-10-07 12:30

Core Insights - Auranova Resources has commenced the Phase 2 diamond drill program at the South Uchi Project in Ontario, in collaboration with Kenorland Minerals [1][2] - The Fall 2025 exploration program includes up to 6,000 meters of drilling across 13 drill holes at the Papaonga target area, aiming to expand on previously discovered gold-bearing structures [2][6] - The current drill program focuses on defining the geometry and continuity of mineralization within a structural corridor, with follow-up holes surrounding a previously successful drill hole [3][6] Company Overview - Auranova Resources is focused on discovering new gold systems in the Birch Uchi Belt and expanding its presence in Ontario's greenstone belts, in partnership with Kenorland Minerals [16] - The South Uchi Project was identified for its potential to host significant gold mineralized systems, covering a region with favorable geological conditions for orogenic gold mineralization [9][12] - Auranova has earned a 51% interest in the South Uchi Project through cash payments and drilling commitments, with the potential to increase its stake to 70% [10][13] Exploration Details - The Phase 2 drill program is a follow-up to a successful maiden drill program completed earlier in 2025, which identified a strongly mineralized shear zone [2][7] - The drilling strategy includes tighter step-outs around previously successful drill holes and broader spaced step-outs to test for lateral extensions of gold-bearing structures [3][6] - The exploration team is preparing to drill other significant targets identified in the maiden drill program during the winter after freeze-up [7]