Channel sample results of 5.02 g/t Au over 9.2 m
THUNDER BAY, ON, Oct. 18, 2012 /CNW/ - Kesselrun Resources Ltd. (TSXV:
KES) ("Kesselrun") is pleased to announce further trench assay results
from the ongoing surface exploration at its flagship Bluffpoint project
("Bluffpoint") in northwestern Ontario.
Highlights include:
-
5.02 g/t Au over 9.2 m., including 28.68 g/t Au over 1.00 m.
-
1.53 g/t Au over 4.0 m.
-
0.43 g/t Au over 6.1 m.
These assay results include samples taken from a stripped area
approximately 250 metres south along strike from the Homestake Zone
(see news release dated September 10
th, 2012). Kesselrun's trenching program exposed 400 square metres of
intensely altered granite similar to the Homestake Zone alteration.
These assay results have extended the Homestake Zone gold
mineralization on surface to the south by 250 metres. The surface
expression of the gold mineralization is now known to have a strike
length of over 700 metres and widths ranging from 100 to 150 metres and
remains open in all directions. Contiguous sampling lengths are
dictated by the exposure of the rock available to sample and not by the
width of the zone.
The goal of the surface exploration program is to follow up and expand
on previous work to better define drill targets for a forthcoming
drilling program this fall. Previous work by Homestake Canada Ltd. (now
Barrick Gold Corporation) recognized the potential for the Bluffpoint
project to host a large-tonnage granite hosted gold deposit.
Table 1 - Significant Phase 2 Trenching Results
|
Channel
|
Weighted Grade
(Au g/t)
|
Length (m)
|
|
BP-TH-C012/14
|
5.02
|
9.2
|
|
including
|
28.68
|
1.0
|
|
BP-TH-C015/16
|
1.53
|
4.0
|
|
BP-TH-C017
|
0..43
|
6.1
|
Michael Thompson, P. Geo., President and CEO of Kesselrun stated, "With
a strike length of over 700 metres and widths between 100 and 150
metres, the potential of this undrilled target continues to exceed
expectations. These new results confirm our hypothesis of a large gold
mineralizing system with the potential to host a large tonnage granite
hosted gold deposit."
Updated figures, including the trenching results, will be available on
our website in the near future. Our corporate presentation is
available on our website http://kesselrunresources.com/investors/presentations/
Kesselrun's flagship Bluffpoint project consists of 103 mining claims
covering 22,512 hectares in Northwest Ontario's Wabigoon Subprovince,
host to several recent gold discoveries such as Osisko's (TSX:
OSK) Hammond Reef Project and Rainy River's (TSX: RR) Rainy River
Project. Accessible year round by a network of well-maintained logging
roads, Bluffpoint offers low cost exploration in an emerging prolific
gold district.
Michael Thompson, P. Geo., President and CEO of Kesselrun, is the
Qualified Person responsible for the Bluffpoint project as defined by
National Instrument 43-101 and has approved the technical information
in this news release.
QA/QC
Kesselrun has implemented a quality control program for the trench
sampling and planned drill program to ensure best practice in sampling
and analysis. The planning, execution and monitoring of Kesselrun's
quality control programs on the Bluffpoint project are under the
supervision of Michael Thompson, P. Geo. Kesselrun maintains strict
quality assurance/quality control protocols including the systematic
insertion of certified standard reference and blank materials into each
sample batch. Analyses in this release were performed by Accurassay
Laboratories Ltd. of Thunder Bay, Ontario with ISO 17025 accreditation.
Samples are transported in security sealed bags to Accurassay and all
samples were assayed using industry-standard assay techniques for gold.
Gold was analyzed by a standard 30 gram fire assay with an AA and/or
gravimetric finish.
About Kesselrun Resources Ltd.
Kesselrun Resources is a newly formed Thunder Bay, Ontario-based mineral
exploration company focused on growth through property acquisitions and
discoveries. Kesselrun's management team possesses strong geological
and exploration expertise with particular experience in Northwest
Ontario. For more information about Kesselrun Resources, please visit
our website at www.kesselrunresources.com.
Forward Looking Statements
This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or
developments that the Company expects to occur, including without
limitation, the private placement, are forward looking statements.
Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects",
"plans", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward looking statements. Factors that may cause the actual results
to differ materially from those in forward-looking statements include
gold prices, results of exploration and development activities,
regulatory changes, defects in title, availability of materials and
equipment, timeliness of government approvals, continued availability
of capital and financing and general economic, market or business
conditions. The Company cautions the foregoing list of important
factors is not exhaustive. Investors and others who base themselves on
the Company's forward-looking statements should carefully consider the
above factors as well as the uncertainties they represent and the risk
they entail. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance can
be given that these expectations will prove to be correct. Please see
the public filings of the Company at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.
SOURCE: Kesselrun Resources Ltd.
Kesselrun Resources Ltd.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.