Kesselrun Resources Provides Exploration Update on Huronian Gold Project
Kesselrun Resources has initiated exploration activities at its 100% owned Huronian Gold Project, which includes a past-producing mine and historic gold resource. The project is adjacent to Goldshore Resources' Moss Gold Project with 1.23M oz Au Indicated and 4.92M oz Au Inferred resources. Current exploration includes mapping, sampling, and UAV magnetics surveys across multiple target areas: Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas, and Huronian North. Recent drilling at McKellar West showed 24.0 metres of 1.3 g/t gold, with 1600 metres of untested potential strike extent remaining.
Kesselrun Resources ha avviato attività di esplorazione presso il suo Huronian Gold Project di proprietà al 100%, che include una miniera storica e una risorsa d'oro storica. Il progetto è adiacente al Moss Gold Project di Goldshore Resources, che presenta riserve di 1,23 milioni di once d'oro indicate e 4,92 milioni di once d'oro inferite. L'esplorazione attuale include mappatura, prelievi e sondaggi magnetici UAV in diverse aree target: Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas e Huronian North. Le recenti perforazioni a McKellar West hanno mostrato 24,0 metri con 1,3 g/t di oro, con 1600 metri di potenziale strike non testato rimanente.
Kesselrun Resources ha iniciado actividades de exploración en su Huronian Gold Project, que es completamente de su propiedad y que incluye una mina con producción pasada y un recurso histórico de oro. El proyecto se encuentra adyacente al Moss Gold Project de Goldshore Resources, que cuenta con 1,23 millones de onzas de oro indicadas y 4,92 millones de onzas de oro inferidas. La exploración actual incluye mapeo, muestreo y encuestas magnéticas UAV en múltiples áreas objetivo: Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas y Huronian North. Las perforaciones recientes en McKellar West mostraron 24,0 metros de 1,3 g/t de oro, con 1600 metros de extensión de pulgada potencial no probada restante.
Kesselrun Resources는 과거에 생산된 광산과 역사적인 금 자원이 포함된 Huronian Gold Project에서 100% 소유의 탐사 활동을 시작했습니다. 이 프로젝트는 Goldshore Resources의 Moss Gold Project와 인접해 있으며, 여기에는 1.23M oz Au의 유도 자원과 4.92M oz Au의 추정 자원이 있습니다. 현재 탐사는 Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas, Huronian North와 같은 여러 목표 지역에서의 매핑, 샘플링 및 UAV 자기 조사를 포함합니다. 최근 McKellar West에서의 시추에서는 1.3 g/t 금의 24.0미터가 발견되었으며, 1600미터의 미검사 잠재력을 가진 경량의 사용 가능한 영역이 남아 있습니다.
Kesselrun Resources a lancé des activités d'exploration sur son Huronian Gold Project, qui est entièrement détenu et inclut une mine ayant produit par le passé ainsi qu'une ressource historique en or. Le projet est adjacent au Moss Gold Project de Goldshore Resources, qui présente des ressources indiquées de 1,23 million d'onces d'or et des ressources inférées de 4,92 millions d'onces d'or. L'exploration actuelle inclut la cartographie, l'échantillonnage et des enquêtes magnétiques par UAV dans plusieurs zones cibles : Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas et Huronian North. Des forages récents à McKellar West ont montré 24,0 mètres à 1,3 g/t d'or, avec encore 1600 mètres de potentiel inexploité restant.
Kesselrun Resources hat die Erkundungsaktivitäten in ihrem Huronian Gold Project gestartet, das eine früher betriebene Mine und historische Goldressourcen umfasst und zu 100 % im Besitz des Unternehmens ist. Das Projekt liegt angrenzend zum Moss Gold Project der Goldshore Resources, das 1,23 Millionen Unzen Gold als angezeigte und 4,92 Millionen Unzen Gold als abgeleitete Ressourcen aufweist. Die aktuelle Erkundung umfasst Kartierung, Probenahme und UAV-Magnetumfragen in mehreren Zielgebieten: Huronian Mine Area, McKellar West Area, Moss South Area, Span North & South Areas und Huronian North. Jüngste Bohrungen im McKellar West zeigten 24,0 Meter mit 1,3 g/t Gold, wobei 1600 Meter ungetestetes Potenzial verbleiben.
- Adjacent to Goldshore Resources' Moss Gold Project with significant gold resources
- Previous drilling results showed 24.0 metres of 1.3 g/t gold at McKellar West
- Historic resource estimate of 44,592 oz Au at 15.3 g/t Au (indicated) and 501,377 oz Au at 14.4 g/t Au (inferred)
- Historic resource estimate needs verification through further drilling
- Current exploration is still in early stages with no confirmed new resources
Thunder Bay, Ontario--(Newsfile Corp. - October 31, 2024) - Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to provide the following update.
Kesselrun has commenced exploration activities on its
Michael Thompson, P.Geo., President and CEO of the Company, commented, "We are excited to enter the next phase of our exploration on the Huronian Gold project. With the recent rise in gold prices and ramped up activity in the Shebandewan up-and-coming gold camp we look forward to showing the full potential of the Huronian Gold Project".
Figure 1: Target Areas - Huronian Gold Project
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This news release may contain information about adjacent properties on which the company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's property.
Kesselrun has mobilized personnel to Huronian with the goal of advancing the target areas to drill ready status. Currently there are mapping and sampling crews which have been mobilized as well as detailed unmanned aerial vehicle (UAV) magnetics surveys being conducted over various target areas. These various target areas (see Figure 1) lie outside the Huronian Mine area but Kesselrun 'management believes they possess significant potential to host gold mineralization.
Huronian Mine Area
Ongoing refinement of the geological model is progressing in the Huronian Mine area where the majority of the historic and recent exploration activities have taken place with the goal of better enabling Kesselrun to expand known zones as well as discovering new zones in future drilling.
McKellar West Area
The McKellar West area is the southwestern strike extent of the Huronian Gold trend, specifically the extension of the McKellar zone where recent overburden stripping guided by detailed UAV magnetics is focused on locating the far western strike extent of the zone. There remains approximately 1600 metres of untested potential strike extent from Kesselrun's western most drilled hole, 22HUR178, intercepted 24.0 metres of 1.3 g/t gold (Kesselrun news release November 28, 2022).
Moss South Area
Recent exploration by Goldshore Resources has identified the strike extent of the Moss Gold trend as it approaches the Kesselrun property boundary (Goldshore news release September 23, 2024). Kesselrun has initiated a detailed UAV magnetics survey to assist in drill targeting as well as mapping and sampling.
Span North & South Areas
Goldshore Resources has modelled zones of gold mineralization in their West Span area adjacent to the Kesselrun property boundary where recent work by Goldshore continues to show the potential for this area to add to their gold resources (Goldshore news release September 23, 2024). Kesselrun has identified similar geological features on the Huronain Gold Project in their Span North target area where prospecting crews have been active this fall.
As well, Kesselrun believes the southwest strike extent of these zones may strike onto the southern part of the Huronian Gold Project in the Span South target area. This target area will be covered in the detailed UAV magnetics survey.
Huronian North
The Huronian North area has seen little to no exploration historically. A detailed UAV magnetics survey is being conducted to identify structural zones with similar attributes to the Huronian Gold Mine area. The Kesselrun team believes this area is highly prospective for future gold mineralization discovery.
About the Huronian Gold Project
The
As well, 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, on strike from the adjacent Moss Gold Project with an NI 43-101 complaint resource estimate of 1.23M oz Au at an average grade of 1.22 g/t Au in the Indicated Category and 4.92M oz Au at an average grade of 1.09 g/t Au in the Inferred Category (1). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property.
(1) Goldshore Resources Inc. news releases February 6, 2024.
Qualified Person
Michael Thompson, P.Geo., President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.
About Kesselrun Resources Ltd.
Kesselrun Resources is a 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 in Northwest Ontario. For more information about Kesselrun Resources, please visit www.kesselrunresources.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.
For additional information please contact:
Kesselrun Resources Ltd.
Michael Thompson, P.Geo., President & CEO
807.285.3323
michaelt@kesselrunresources.com
Corporate Communications
1.866.416.7941
information@kesselrunresources.com
Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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FAQ
What are the recent exploration activities at Kesselrun Resources (KSSRF) Huronian Gold Project?
What were the drilling results from McKellar West area of KSSRF's Huronian Project?
What is the historical resource estimate for KSSRF's Huronian Gold Project?
