InvestmentPitch Media Video Discusses Kesselrun Resources’ New Drill Results, Doubling Strike Length at McKellar Zone, Huronian Gold Project, Ontario

Rhea-AI Summary

Kesselrun Resources (OTCQB: KSSRF) announced new drill results from its Huronian Gold Project, indicating continued gold mineralization in the McKellar Zone. The drilling extended the zone by 600 metres, doubling its strike length to over 1200 metres. Significant intercepts include hole 22HUR178 with 4.6 g/t gold over 6.6 meters and other promising results from holes 22HUR177 and 22HUR176. The company has completed 13,000 metres of drilling this year, pausing operations for assay compilation, while the historic resource estimate at the project is noted as 44,592 oz gold.

Positive

• Drilling has extended the McKellar Zone by 600 metres, doubling its strike length to over 1200 metres.
• Significant gold intercepts include hole 22HUR178 with 4.6 g/t gold over 6.6 m and other notable results.
• Total of approximately 13,000 meters drilled in 2022 demonstrates active exploration efforts.

Negative

• None.

VANCOUVER, British Columbia, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Kesselrun Resources (TSXV:KES) (OTCQB:KSSRF) (FSE:CMG), a Thunder Bay, Ontario-based mineral exploration company, has released additional drill results on its Huronian Gold Project. Drilling on the McKellar Zone continues to intercept gold mineralization over significant widths and grades extending the zone by approximately 600 metres to the west, doubling the strike length of the zone to over 1200 metres.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch.com” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Kesselrun” in the search box.

The 100% owned Huronian Project, located 100 kilometres west of Thunder Bay in a region of numerous multimillion-ounce development and advanced exploration projects, is one of two company properties, the other being its 100% owned Bluffpoint Project.

Highlights include:

• Hole 22HUR178, which intercepted 4.6 g/t gold over 6.6 m including 48.0 g/t gold over 0.6 m within a 24.0 m interval which averaged 1.3 g/t gold,
• Hole 22HUR177, which intercepted 6.8 g/t gold over 1.0 m within a 27.5 m interval which averaged 0.4 g/t gold, and
• Hole 22HUR176, which intercepted 7.2 g/t gold over 1.0 m within a 12.1 m interval which averaged 0.7 g/t gold

Michael Thompson, P.Geo., President and CEO, stated: “Our belief that there remained tremendous potential in the underexplored two-kilometre strike extent to the west of the known McKellar Zone has now been proven. These latest drillholes have now extended the known gold mineralization to approximately 1200 metres. The team is looking forward to growing the known McKellar Zone as well as exploring the extensive strike length left to the west.”

The 2022 Huronian exploration program consists of drilling as well as geophysics over selected target areas. Drilling will be targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 2000 metre strike length in the area of the historic Huronian Mine. As well, the geology on strike to the southwest of Goldshore Resources' Moss Lake deposit will be targeted.

Drilling has been paused for the remainder of the season with approximately 13,000 metres completed this year. This will allow all outstanding assays to be received, compiled and interpreted enabling more effective drill targeting when drilling recommences.

The Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz gold at an average grade of 15.3 g/t gold in the indicated category, and 501,377 oz gold at an average grade of 14.4 g/t gold in the inferred category. The resource was estimated by Minescape Exploration Inc. in 1998 and is historic in nature and is presented only for reference purposes as additional work is required to confirm the numbers.

The Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun Resources mapping, compilation and modelling. It is on strike from the adjacent Moss Lake Gold Project with an NI 43-101 complaint resource estimate of 4.17M oz Au at an average grade of 1.1 g/t Au in the inferred category. Again, management cautions that mineralization hosted on nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property.

The shares are trading at $0.07. For more information, please visit the company’s website at www.KesselrunResources.com, contact Michael Thompson, P.Geo., President and CEO, at 807-285-3323 or by email at MichaelT@KesselrunResources.com or corporate communications at 866-416-7941 or email information@KesselrunResources.com.

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Disclaimer

The information in this Investmentpitch Media Ltd. video is for the viewers information only. Kesselrun Resources has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by Investmentpitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. Investmentpitch Media Ltd. makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What are the latest drill results from Kesselrun Resources' Huronian Gold Project?

Kesselrun Resources reported significant drill results, extending the McKellar Zone by 600 meters, with notable intercepts such as 4.6 g/t gold over 6.6 meters.

How much gold has been estimated at Kesselrun Resources' Huronian Gold Project?

The project has a historic resource estimate of 44,592 oz gold at an average grade of 15.3 g/t gold in the indicated category.

What are the goals of Kesselrun Resources' exploration program in 2022?

The 2022 exploration program focuses on drilling and geophysics across target areas including the Fisher and McKellar zones.

When will drilling resume at Kesselrun Resources' Huronian Gold Project?

Drilling has been paused for the remainder of the season, allowing for assay compilation, with plans to recommence drilling later.

What is the current trading price of Kesselrun Resources' shares?

Shares of Kesselrun Resources are currently trading at $0.07.