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
10th, 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.