12:16 PM EDT, 10/07/2025 (MT Newswires) -- Kenorland Minerals ( KLDCF ) on Tuesday said it launched the the Phase 2 diamond drill program at the South Uchi project, located in the Red Lake District of Ontario and held under an option agreement with Auranova Resources.

The company said the Fall exploration program and budget have been approved by Auranova and will include up to 6,000 meters of drilling across 13 drill holes at the Papaonga target area. It said the second phase of drilling is designed to expand on the recently discovered gold-bearing structural corridors and test for additional structures concealed by deep overburden.

"Among the most compelling results was along the eastern extent of the target area, where drilling intersected a strongly mineralised and altered shear zone hosting multiple generations of veining, sulphidation, and visible gold-hallmarks of a robust orogenic gold system," said Chief Executive Zach Flood. "The current drill program will step out from this discovery as well as test additional targets concealed beneath thick overburden."

Shares of the company were last seen up $0.06 to $2.29 on the TSX Venture Exchange.

Price: 2.29, Change: +0.06, Percent Change: +2.69