Thunder Bay, Ontario, Jul 08, 2021 (Newsfile Corp via COMTEX) -- Thunder Bay, Ontario--(Newsfile Corp. - July 8, 2021) - Kesselrun Resources Ltd. /zigman2/quotes/200830390/delayed CA:KES -9.68% (otc pink:KSSRF) ("Kesselrun" or the "Company") is pleased to provide the following drilling results on its Huronian Gold Project.
Continued drilling of the Huronian zone has been successful in confirming the continuity of the mineralized structure as well as proving its potential down plunge. In particular, hole 21HUR070, shown below, was drilled in the area of the mine where development ore reportedly averaged 78 g/t gold. Hole 21HUR070 intercepted a comparably high grade over a narrow width within a wider, three metre intercept of 13.6 g/t gold. Further drilling is planned down plunge of the workings and this intercept.
21HUR070 intercepted 41.8 g/t Au over 0.9 m within a 3.0 m wide zone which averaged 13.6 g/t Au
21HUR066 intercepted 22.0 g/t Au over 0.9 m within a 1.9 m wide zone which averaged 10.5 g/t Au
21HUR075 intercepted 12.6 g/t Au over 0.6m within a 20.9m wide zone which averaged 1.0 g/t Au
Figure 1: Schematic Long section - Huronian Zone
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Figure 2: Schematic Cross section - Huronian Zone
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Michael Thompson, P.Geo., President and CEO of the Company, commented, "As we continue to drill the Huronian structure, we are getting an exciting first-hand look at what was mined nearly 100 years ago. We are now able to confidently and readily identify the gold bearing structures at Huronian which has helped us generate potential targets by applying these observations elsewhere on the property. This initial phase of drilling into the old mine has confirmed that the main zone is continuous for a considerable length and is still present where historic mining ended. It has also confirmed the presence of remnant mineralization in previously mined out areas as well as mineralized off-shoot structures at depth. In the next phase of drilling, we plan on testing the depth extents of the main structure and we will continue to explore the possibility of multiple ore shoots."
The 2021 Huronian drill program is budgeted at 20,000 metres targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 1500 m strike length in the area of the historic Huronian Mine. The area also has tremendous potential for discovery of new wide zones of significant gold mineralization in light of the new revised mineralization model.
As of this news release approximately 12,000 metres has been drilled of which 6,250 metres of drilling results have been released.
Figure 3: Schematic Plan Map - Huronian Project
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Table 1: Summary of Significant Drill Intercepts - Current News Release [(1)]
Table 2: Summary of Significant Drill Intercepts - 2021 Huronian Project [(1)]
|21HUR043||no significant values|
|21HUR048||Fisher N||lost hole - redrilled as 049|
|21HUR050||Huronian||lost hole - redrilled as 051|
(1)Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time on the Fisher and McKellar Zones. The Huronian Zone true widths are estimated to be 80% to 90% of the reported widths. Average grades are calculated with un-capped gold assays as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.
About the Huronian Gold Project