Kesselrun Resources' Bluffpoint Project Yields Widespread Gold in Trenching
10 Septiembre 2012 - 6:30AM
PR Newswire (Canada)
THUNDER BAY, ON, Sept. 10, 2012 /CNW/ - Kesselrun Resources Ltd.
("Kesselrun") is pleased to announce trench assay results from the
ongoing surface exploration at its flagship Bluffpoint project
("Bluffpoint") in northwestern Ontario. Highlights include: -- 1.72
g/t Au over 20.2 m., including 2.74 g/t Au over 10.1 m. -- 1.64 g/t
Au over 9.8 m., including 2.35 g/t Au over 6.8 m. -- 2.68 g/t Au
over 7.6 m., including 6.20 g/t Au over 3.1 m. The assay results
have confirmed the presence of broad, disseminated gold
mineralization, extending along strike on surface over 400 to 500
metres in length, 75 to 100 metres in width and open in all
directions. Kesselrun's trenching program exposed larger areas
previously covered within Homestake's broad zone and confirmed
continued gold grades. 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 1
Trenching Results ___________________________________ | Channel
|Weighted Grade|Length| | | (Au g/t) | (m) |
|_____________|______________|______| | BP-TA-C004 | 0.79 | 2.9 |
|_____________|______________|______| | BP-TA-C005 | 0.73 | 5.9 |
|_____________|______________|______| |BP-TB-C003-10| 1.72 | 20.2 |
|_____________|______________|______| | including | 2.74 | 10.1 |
|_____________|______________|______| | BP-TC-C004 | 0.67 | 3.8 |
|_____________|______________|______| | BP-TC-C007 | 0.73 | 5.2 |
|_____________|______________|______| | BP-TC-C010 | 1.24 | 2.0 |
|_____________|______________|______| | BP-TD-C002 | 1.64 | 9.8 |
|_____________|______________|______| | including | 2.35 | 6.8 |
|_____________|______________|______| | BP-TD-C003 | 2.68 | 7.6 |
|_____________|______________|______| | including | 6.20 | 3.1 |
|_____________|______________|______| | BP-TD-C004 | 1.59 | 2.9 |
|_____________|______________|______| | BP-TD-C005 | 0.46 | 5.8 |
|_____________|______________|______| | BP-TE-C004 | 0.82 | 6.0 |
|_____________|______________|______| | BP-TE-C007 | 0.45 | 6.9 |
|_____________|______________|______| | including | 1.08 | 2.2 |
|_____________|______________|______| Michael Thompson, P. Geo.,
President and CEO of Kesselrun stated, "The trenching has enabled
us to better understand the association between alteration,
structure and gold mineralization as well as expanding the zone
previously worked by Homestake. We continue to be excited by
ongoing confirmation of such a large gold mineralizing system."
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
22,576 hectares in Northwest Ontario's Wabigoon Subprovince, host
to several recent gold discoveries such as Osisko's Hammond
Reef Project and Rainy River's 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 -- as well as significant capital markets and business
know-how. 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. Kesselrun Resources
Ltd. CONTACT: Kesselrun Resources Ltd.Michael Thompson, P.Geo,
President & CEO807.285.3323Adam Rabiner, Corporate
Communications604.868.7881 or
1.866.416.7941information@kesselrunresources.com
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