As the stockmarkets in the US are printing all-time highs again, not really urging the Federal Reserve to lower rates anytime soon it seems as inflation remains well above target, Kenorland Minerals (KLD.V)(3WQO.FSE) announced the final drill results for Regnault, part of their flagship Frotet Project in Quebec.

Ice drilling at Regnault target, Frotet project, Quebec

At a time where markets are weighing Federal Reserve comments about being hawkish towards rate cuts as inflation remains persistent, two major conflicts deepen (Russia-Ukraine) or seem to spread out (Israel-Hamas), the BRICS expand with new members, and recession fears are looming large in the background, gold remains trading above US$2,000/oz.

Ice drilling at Regnault target, Frotet project, Quebec

With a recession looming large in the US but continuously delayed, the Fed unsure whether to hike one last time or to pause, the debt ceiling bill passed through the Senate, and inflation going down, there are a lot of mixed signals to take into account for the stock markets.

Ice drilling at Regnault target, Frotet project, Quebec

As we seem to be at a pivotal point in the economy, with the Federal Reserve contemplating a halt in rate hikes, and potentially a more dovish stance for the second half of this year as a recession seems to be coming our way, sending the gold price to all-time highs recently, Kenorland Minerals (KLD.V)(3WQO.FSE)

Ice drilling at Regnault target, Frotet project, Quebec

Despite the turmoil going on in the world economy, causing many market commentators to forecast a recession, with the Fed desperately trying to control record inflation with more rate hikes coming up soon, and a Russian president using nuclear rhetorics and firing missiles all over Ukraine, scaring investors away from the markets, for Kenorland Minerals (KLD.V)(3WQO.FSE)

It probably sounds a bit out of context to discuss results of a winter drill program when the summer really is kicking in with tropical temperatures across the globe, with temperatures up to 38C in Toronto a week ago during last PDAC, but Kenorland Minerals (KLD.V)(3WQO.FSE)

Kenorland Minerals (KLD.V)(3WQO.FSE) keeps expanding and finding new mineralized structures at their Regnault target, part of their Frotet project in Quebec, part of the 20/80 JV with Sumitomo where Kenorland is the operator. After announcing the second 25 holes batch of their 57 hole - 17,792m 2021 summer-fall program, it is clear that Regnault contains a considerable gold system, spread out over multiple vein structures.

After completing their latest 17,792m 2021 summer drill program at their Regnault target, part of their Frotet project in Quebec, Kenorland Minerals (KLD.V)(3WQO.FSE) announced a large batch late December last year with the results of the first 32 holes (9,824m), with assays from the last 25 holes remaining once received back from the labs and interpreted properly.

Drilling at Regnault target, Frotet project, Quebec

After the nice batch of results released at the end of May, beautifully complementing the first sets of strong intercepts, Kenorland Minerals (KLD.V)(3WQO.FSE) was hoping to find more of the same when targeting the more southern parts of the discovered Regnault structure, potentially growing this into a district scale discovery.

It took some time, but it all seems to come together rather nicely now for hybrid prospect generator Kenorland Minerals (KLD.V) and its young prodigy CEO, Zach Flood. A few days ago the gold price broke through the important barrier of US$1900/oz again, lots of metals are witnessing positive sentiment on the back of a recovering world economy as COVID-19 vaccines are rolled out worldwide, so despite a recent crypto crash the mining industry is enjoying a bull market again after 2016-2017.