Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Kenorland and Auranova Announce Large Intrusion-Related Gold Discovery at South Uchi, Ontario

Kenorland’s South Uchi step-out validates district-scale potential despite dilution and going concern risks.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 07:31 KLD · 2.1 Kenorland Minerals Ltd.
Executive Summary
  • Kenorland Minerals and Auranova Resources released complete assay results from the Phase 3 spring 2026 diamond drill program at the South Uchi Project in Ontario's Red Lake District.
  • The program successfully extended the Papaonga gold target eastward, identifying a new intrusion-related gold system dubbed "North Papa".
  • Key drill hole 26PADD046 intersected >122.80 m grading >0.28 g/t Au across 220.15 m downhole core length.
  • High-grade intervals included 7.07 g/t Au over 1.00 m and 9.09 g/t Au over 1.45 m in a 500 m step-out hole (26PADD043).
  • Strike extension reached 1 km, expanding the Papaonga target footprint to approximately 7 km east-west.
  • Follow-up geophysical surveys (IP and magnetic) are planned for Q3 2026 to guide further step-out drilling beneath glacial cover.
  • Auranova holds a 51% interest, with Kenorland retaining a 30% carried interest and a 2% NSR royalty.
Material Impact
  • The results are positive but expected, representing a routine follow-up to the Phase 2 fall 2025 program that identified the structural corridor.
  • The broad, lower-grade intercept (>0.28 g/t Au over 220 m) demonstrates continuity and scale but lacks the high-grade core required for immediate economic viability. The high-grade intervals are short (1-1.45 m).
  • The discovery reinforces the district-scale potential of South Uchi, validating the geological model and justifying the planned Q3 2026 geophysics and drilling.
  • No immediate change to the company's financial position or capital needs; exploration remains partner-funded (Auranova).
  • The news aligns with management's stated exploration roadmap and does not introduce new strategic risks or opportunities.
KLD · Price
Company Overview
  • Kenorland Minerals is a project generator and royalty company focused on grassroots gold discoveries across North America.
  • Flagship Asset: Frotet Project (Quebec) - 4% NSR royalty on a 2.55 Moz Inferred gold resource at 5.47 g/t Au (Regnault deposit). Operator: Sumitomo Metal Mining.
  • South Uchi Project (Ontario) - 51% owned by Auranova, Kenorland holds 30% carried interest and 2% NSR. Recent drilling has identified a 7 km east-west structural corridor with intrusion-related gold potential.
  • Western Wabigoon & Flora Projects (Ontario) - Optioned to Centerra Gold, which can earn up to 70% interest. Kenorland retains carried interest and 2% NSR.
  • Land Position: Over 1.5 million hectares staked across Canada, with extensive geochemical screening programs underway.
Read the original news release →

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