Kapuskasing Gold Announces Drilling Has Commenced On The West Keefer Property

Kapuskasing Gold Corp. (TSXV:KAP) has commenced drilling on the West Keefer property situated approximately 20 minutes west of the city of Timmins, Ont. A 1,000-metre drill program has been planned to target two areas of the West Keefer property, the southwest grid and the northeast grid. Both areas have several high-priority drill targets defined by the interpretation of recent and historic geophysical and geological compilation.
In addition, the drilling program on the Rollo property (see announcement dated July 25, 2016) located near Foleyet in Northern Ontario has been completed. A total of three short holes of approximately 150 metres was carried out below the Racicot gold showing. The drill core is being sampled, and saw cut and assays will be released upon receipt.
About the West Keefer property
The West Keefer property has seen minimal exploration over the years with no diamond drilling being conducted on the current claim configuration. Of particular interest, the West Keefer property hosts several untested induced polarization anomalies of which some are overburden covered. Each of these anomalies are characterized by moderate to high chargeability coincidental with areas of high resistivity. The company believes that the induced polarization signatures of these anomalies may represent mineralized porphyries or felsic intrusive units. Situated proximal and to the north of the interpreted Destor-Porcupine fault zone (DPFZ), porphyry units represent a favourable geological environment in the Timmins and Timmins West camps for significant gold mineralization.
The project is underlain by mafic and felsic metavolcanics, metasediments and intruded by granitic porphyries in a similar geological setting to Lakeshore Gold’s Timmins West mine, located approximately 15 kilometres to the east along the DPFZ.
Most of the known gold deposits in the Timmins camp are spatially related to the Destor-Porcupine fault zone which is the major regional structure. The deposits occur in Archean metavolcanic rocks that are typically accompanied by metasedimentary rocks, quartz feldspar porphyries and ultramafic intrusive rocks. Almost all known deposits of this type are hosted within shear zones and are accompanied by quartz carbonate alteration.
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