Kesselrun Resources Reports on 2024 Work Program
Kesselrun Resources (OTCQB: KSSRF) has completed its 2024 exploration program at the Huronian Gold Project, which includes a past-producing mine and historic gold resource. The program featured a high-resolution UAV magnetic survey over five target areas and a comprehensive mapping and sampling initiative collecting 82 rock samples.
The exploration was partially funded through an Ontario Junior Exploration Program grant, covering 50% of expenditures up to $200,000. The magnetic survey successfully identified structural features associated with gold mineralization across all target areas, particularly in the Span North, Huronian North, McKellar West, Span South, and Moss South regions.
The project's McKellar West area shows 1,600 meters of untested potential strike extent from the last drilled hole, which previously intercepted 24.0 metres of 1.3 g/t gold. The company plans to incorporate the 2024 data into its model and refine targets for the upcoming 2025 field season, with future plans including LiDAR and additional magnetic surveys.
Kesselrun Resources (OTCQB: KSSRF) ha completato il suo programma di esplorazione per il 2024 presso il Huronian Gold Project, che include una miniera storica e una risorsa aurifera. Il programma ha previsto un'indagine magnetica UAV ad alta risoluzione su cinque aree target e un'iniziativa di mappatura e campionamento completa, raccogliendo 82 campioni di roccia.
L'esplorazione è stata parzialmente finanziata tramite un contributo del Programma di Esplorazione Giovanile dell'Ontario, che copre il 50% delle spese fino a $200,000. L'indagine magnetica ha identificato con successo caratteristiche strutturali associate alla mineralizzazione aurifera in tutte le aree target, in particolare nelle regioni Span North, Huronian North, McKellar West, Span South e Moss South.
L'area McKellar West del progetto mostra un potenziale di estensione di strike non testato di 1.600 metri dall'ultimo foro di perforazione, che in precedenza aveva intercettato 24,0 metri di 1,3 g/t di oro. L'azienda prevede di incorporare i dati del 2024 nel suo modello e affinare gli obiettivi per la prossima stagione di campi del 2025, con piani futuri che includono indagini LiDAR e ulteriori indagini magnetiche.
Kesselrun Resources (OTCQB: KSSRF) ha completado su programa de exploración 2024 en el Huronian Gold Project, que incluye una mina de producción anterior y un recurso histórico de oro. El programa incluyó un estudio magnético UAV de alta resolución sobre cinco áreas objetivo y una iniciativa integral de mapeo y muestreo que recolectó 82 muestras de roca.
La exploración fue parcialmente financiada a través de una subvención del Programa de Exploración Juvenil de Ontario, cubriendo el 50% de los gastos hasta $200,000. El estudio magnético identificó con éxito características estructurales asociadas con la mineralización de oro en todas las áreas objetivo, particularmente en las regiones Span North, Huronian North, McKellar West, Span South y Moss South.
El área McKellar West del proyecto muestra un potencial de extensión de strike no probado de 1,600 metros desde el último agujero perforado, que anteriormente interceptó 24.0 metros de 1.3 g/t de oro. La empresa planea incorporar los datos de 2024 en su modelo y refinar los objetivos para la próxima temporada de campo 2025, con planes futuros que incluyen estudios LiDAR y encuestas magnéticas adicionales.
Kesselrun Resources (OTCQB: KSSRF)는 Huronian Gold Project에서 2024년 탐사 프로그램을 완료했습니다. 이 프로젝트에는 과거 생산된 광산과 역사적인 금 자원이 포함되어 있습니다. 프로그램은 5개 목표 지역에 대한 고해상도 UAV 자기 조사와 82개의 암석 샘플을 수집하는 포괄적인 매핑 및 샘플링 이니셔티브를 특징으로 했습니다.
탐사는 온타리오 주니어 탐사 프로그램 보조금으로 부분적으로 자금을 지원받아, $200,000까지의 비용의 50%를 커버했습니다. 자기 조사는 모든 목표 지역에서 금 광물화와 관련된 구조적 특징을 성공적으로 식별했으며, 특히 Span North, Huronian North, McKellar West, Span South 및 Moss South 지역에서 두드러졌습니다.
프로젝트의 McKellar West 지역은 마지막으로 천공된 구멍에서 1,600미터의 미검사 잠재적 스트라이크 범위를 보여주며, 이전에는 24.0미터의 1.3 g/t 금을 탐지했습니다. 회사는 2024년 데이터를 모델에 통합하고 2025년 현장 시즌을 위한 목표를 조정할 계획이며, 향후 계획에는 LiDAR 및 추가 자기 조사가 포함됩니다.
Kesselrun Resources (OTCQB: KSSRF) a terminé son programme d'exploration 2024 au Huronian Gold Project, qui comprend une ancienne mine en production et une ressource aurifère historique. Le programme a comporté une enquête magnétique UAV haute résolution sur cinq zones cibles et une initiative de cartographie et d'échantillonnage complète, collectant 82 échantillons de roche.
L'exploration a été partiellement financée par une subvention du Programme d'Exploration Junior de l'Ontario, couvrant 50% des dépenses jusqu'à 200 000 $. L'enquête magnétique a réussi à identifier des caractéristiques structurelles associées à la minéralisation aurifère dans toutes les zones cibles, en particulier dans les régions Span North, Huronian North, McKellar West, Span South et Moss South.
La zone McKellar West du projet montre un potentiel d'extension de strike non testé de 1 600 mètres depuis le dernier trou foré, qui avait précédemment intercepté 24,0 mètres à 1,3 g/t d'or. L'entreprise prévoit d'incorporer les données de 2024 dans son modèle et de peaufiner les cibles pour la prochaine saison de terrain 2025, avec des projets futurs incluant des enquêtes LiDAR et des études magnétiques supplémentaires.
Kesselrun Resources (OTCQB: KSSRF) hat sein Erkundungsprogramm für 2024 im Huronian Gold Project abgeschlossen, das eine ehemalige Produktionsmine und historische Goldressourcen umfasst. Das Programm beinhaltete eine hochauflösende UAV-Magnetuntersuchung über fünf Zielgebiete sowie eine umfassende Kartierungs- und Probenahmeinitiative, bei der 82 Gesteinsproben gesammelt wurden.
Die Erkundung wurde teilweise durch einen Zuschuss des Ontario Junior Exploration Program finanziert, der 50% der Ausgaben bis zu $200,000 abdeckte. Die Magnetuntersuchung identifizierte erfolgreich strukturelle Merkmale, die mit der Goldmineralisierung in allen Zielgebieten verbunden sind, insbesondere in den Regionen Span North, Huronian North, McKellar West, Span South und Moss South.
Das Gebiet McKellar West des Projekts zeigt ein ungetestetes Potenzial von 1.600 Metern an Strike-Ausdehnung vom letzten gebohrten Loch, das zuvor 24,0 Meter mit 1,3 g/t Gold durchteufte. Das Unternehmen plant, die Daten von 2024 in sein Modell zu integrieren und die Ziele für die kommende Feldsaison 2025 zu verfeinern, wobei zukünftige Pläne LiDAR und zusätzliche Magnetuntersuchungen umfassen.
- Government grant covers 50% of exploration costs up to $200,000
- Previous drilling yielded 24.0m of 1.3 g/t gold intersection
- 1,600m of untested potential strike extent identified
- Historic resource includes indicated 44,592 oz Au at 15.3 g/t
- Rock sample results still pending
- Huronian North target not fully explored due to lack of outcrop exposure
Thunder Bay, Ontario--(Newsfile Corp. - February 27, 2025) - Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to announce a summary of the exploration program completed in 2024 at the Company's
Highlights:
High resolution UAV magnetic survey aiding in developing new exploration targets
Mapping and sampling to extend known mineralization trends and develop new drill targets
The Huronian Gold Project hosts the past producing Huronian Gold Mine as well as an historic gold resource estimate with an indicated 44.592 oz Au grading 15.3 g/t Au and inferred 501,377 oz Au grading 1.4 g/t Au.(1)
The Huronian Gold Project is also situated adjacent to Goldshore Resources' Moss Gold Project which hosts a current mineral 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 (Goldshore Resources Inc. news releases May 08, 2023).(2)
Summary of 2024 Exploration Program
Crews were mobilized to the Huronian Gold Project during the summer and fall of 2024 to execute a UAV magnetic survey as well as a mapping and sampling program. The 2024 exploration program was designed to further advance exploration targets outside the Huronian Mine area and to define drill targets in already developed targets.
Funding for the 2024 exploration program was offset through a grant from the Ontario Junior Exploration Program ("OJEP") which allowed the company to reclaim
Michael Thompson, P.Geo., President and CEO of the Company, commented, "The results from both the magnetic survey and the mapping program completed on the target areas has resulted in numerous drill targets for 2025. As Goldshore releases its results of their ongoing drill program and grows their mineralized envelope outwards, we look forward to integrating their results into our target areas along the property boundary. Of particular interest are the parallel zones to their compliant resource where we are of the belief that a significant portion of their growth potential lies. Furthermore, as we continue to explore along strike of the main Huronian/McKellar zone to the southwest we are not only extending our known zones but also realizing the potential for parallel zones."
Magnetic Survey
The UAV magnetic survey was performed over five target areas; the Span North, Huronian North, McKellar West, Span South and Moss South.
The detailed magnetic survey provides dense high-quality data at tight line spacing and low flight elevation to determine the magnetic signature of underlying bedrock. The survey was successful at highlighting trends of magnetic highs and specifically structural features such as geological offsets and flexures that are associated with gold mineralization. Multiple structural features were identified in all the target areas.
Figure 1: Huronian Magnetic Survey Overview
To view an enhanced version of this graphic, please visit:
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Mapping and Sampling Program
The mapping and sampling program was conducted over the Span North, McKellar West, Span South and Moss South targets. The mapping and sampling program was designed to follow up on the structural features identified in the UAV magnetic survey. The Huronian North target was not followed up on due to lack of outcrop exposure and time constraints. In total, 82 rock samples were collected throughout the duration of the program. Results are expected soon.
Figure 2: Overview of Target Areas on Huronian
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1 The historic resource was estimated by Minescape Exploration Inc. in 1998.
2 Goldshore Resources Inc. news releases May 08, 2023 3 Goldshore Resources Inc. New release September 23, 2024
McKellar West Target
The McKellar West area is the southwestern strike extent of the Huronian Gold trend, specifically the extension of the McKellar zone where detailed UAV magnetics is aiding Kesselrun 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 Target
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). Summer 2024 UAV magnetics has highlighted future exploration targets on the Kesselrun property near the Huronian boundary with the Moss Gold project.
Span North & South Target
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 Huronian Gold Project in their Span North target area.
Also, Kesselrun's detailed UAV magnetics survey has highlighted a structure of interest on the Span South Area that will be targeted in future exploration plans.
Huronian North Target
The Huronian North area has seen little to no exploration historically. The recent UAV magnetics survey was conducted to aid in identifying 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.
2025 Exploration Plan
With the new results from the 2024 summer programs, Kesselrun Resources plans to incorporate all of the data into its model and refine targets for the upcoming field season. New target areas identified during the magnetic survey will become some of the main focal areas on the property in future programs. The key to the concentration of mineralization on the property is offsetting structures that mobilize mineralizing fluids such as the Till Groove Fault as well as areas of low strain where mineralizing fluids can settle out gold. Subsequent drone programs such as LiDAR and other magnetic surveys will be carried out on the project to identify the locations of these structural traps. Kesselrun will also carry out more detailed prospecting and mapping programs on the newly identified target areas and on any future target areas.
About the Huronian Gold Project
(1) The
(2) 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 Lake Gold Project which hosts a current mineral 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 (Goldshore Resources Inc. news releases May 08, 2023).Minerali zation hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242597
FAQ
What were the key findings from KSSRF's 2024 Huronian Gold Project exploration?
How much untested potential exists in KSSRF's McKellar West area?
What government support did KSSRF receive for the 2024 Huronian exploration?
What are KSSRF's exploration plans for 2025 at the Huronian Project?
