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March 30, 2021, 6:47 a.m. EDT

Kesselrun Intercepts 81.5 g/t Au over 0.6 m within 4.1 m Zone Averaging 16.2 g/t Au

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Thunder Bay, Ontario, Mar 30, 2021 (Newsfile Corp via COMTEX) -- Thunder Bay, Ontario--(Newsfile Corp. - March 30, 2021) - Kesselrun Resources Ltd. /zigman2/quotes/200830390/delayed CA:KES +2.94% (otc pink:KSSRF) ("Kesselrun" or the "Company") is pleased to provide the following update on its Huronian Gold Project.

The Company continues to receive results from the 2021 drill progra,m including the first results from the Huronian Zone and further results from the Fisher Zone.

Highlights

  • Huronian Zone potential shown with first results

  • Fisher Zone extended along strike 100 metres to the east and 50 metres to the west



Figure 1: Schematic Longsection - Huronian Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4206/78868_ce1ae5ba841dd959_001full.jpg

Michael Thompson, P.Geo., President and CEO of the Company, commented, "These first results from the Huronian Zone have exceeded our expectations. The potential to outline remnant resources amongst the historic mine workings, we believe, has not only been verified but the veracity of the gold mineralizing system has fortified our belief in the potential of the Huronian Zone down plunge and along strike."

Mr. Thompson added, "Significant progress continues to be made on the Fisher Zone with the strike extent increasing a combined 150 metres. We believe further drilling will continue to show the potential of the Fisher Zone."



Figure 2: Schematic Longsection - Fisher Zone

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4206/78868_ce1ae5ba841dd959_002full.jpg

Table 1: Summary of Significant Drill Intercepts - Huronian Project [(1)]

21HUR035 Fisher 25.0 66.9 41.9 0.7

including 27.9 29.9 2.0 4.4
21HUR036 Fisher 46.7 62.0 15.3 0.7

including 49.4 50.4 1.0 3.8
21HUR037 results pending
21HUR038 results pending
21HUR039 Fisher 2.3 23.3 21.0 0.9

including 7.2 8.9 1.7 5.4
21HUR040 Fisher 34.4 34.8 0.4 8.0

Huronian 262.8 263.4 0.6 stope

Huronian 263.4 266.3 2.9 7.3

including 263.4 263.9 0.5 34.2
21HUR041 lost hole
21HUR042 Fisher 14.5 17.8 3.3 5.3

including 16.9 17.8 0.9 17.0
21HUR043 to 053 results pending
21HUR054 [(2)] Huronian 115.4 119.5 4.1 16.2

including 115.4 116.0 0.6 81.5

 

(1)Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.

(2)Results are pending for the upper portions of 21HUR054. The Huronian zone samples were rushed.

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 zones in light of the new revised mineralization model.



Figure 3: Schematic Plan Map - Huronian Project

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4206/78868_ce1ae5ba841dd959_003full.jpg

About the Huronian Gold Project

/zigman2/quotes/200830390/delayed
CA : Canada: TSX Venture
$ 0.18
+0.0050 +2.94%
Volume: 136,500
May 6, 2021 5:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.52 million
Rev. per Employee
N/A
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