Auranova and Kenorland Announce Completion of Fall Drill Program at the South Uchi Project, Ontario

Core Insights - Auranova Resources Inc. and Kenorland Minerals Ltd. have completed the 2025 fall drill program at the South Uchi Project in Ontario, which included 13 diamond drill holes totaling 7,075 meters [1][2] - The drilling program aimed to test the continuity of gold mineralization and successfully extended the mineralized corridor by approximately two kilometers to the east [2][3] - Assay results from the drilling are expected in Q1 2026, which will provide further insights into the economic potential of the mineralization [2][3] Drilling Program Details - The Phase 2 drilling program followed a winter campaign that outlined widespread gold mineralization along a five-kilometer-long structural corridor [2] - The program refined the understanding of mineralization controls, including vein generations and structural influences, with mineralization consisting of multi-stage, sulphide-rich quartz-carbonate veining [3][6] - Localized visible gold was observed, although the presence of mineralization does not necessarily indicate economically significant grades [6] Next Steps - Kenorland will maintain the camp and infrastructure at the Papaonga target for an additional three months in preparation for a potential winter drill program [7] Project Background - The South Uchi Project was identified based on its prospectivity for significant gold mineralized systems, covering a portion of Confederation Assemblage volcanic rocks [8] - The project area has seen little systematic exploration prior to Kenorland's involvement, highlighting its potential for new discoveries [8] Ownership and Agreements - Auranova has entered into an agreement with Kenorland to earn up to a 70% interest in the South Uchi Project, with an initial 51% interest earned through cash payments and drilling expenditures [9][12] - Kenorland retains a 30% carried interest in the project until the completion of a Preliminary Economic Assessment [12]