Kapuskasing Gold Begins Summer Drill Program at Borden North Property

Kapuskasing Gold Corp. (TSXV:KAP) has commenced its summer drill program on the Borden North area of the Borden North Property northeast of the Borden Lake Gold Deposit in Ontario. The summer drill program also includes the Rollo property. Early phase 2 work will consist of additional prospecting, mapping and sampling with the view to identifying specific drill locations for testing later in 2015.

As quoted in the press release:

KAP will immediately follow the Borden North program with a similar second phase exploration program on its Rollo property located to the southeast of Borden North. The Rollo Property is just 13 km to the south of the planned haul route for ore from the Borden Deposit to Goldcorp’s operations in Timmins. Initial prospecting identified three areas of high grade gold mineralization on the Rollo Property in late 2014.

The Borden North property is within the Kapuskasing structural zone and the target is gold mineralization similar to the Borden Gold Project operated by Goldcorp. Gold mineralization at Borden Gold is associated with disseminated and fracture controlled sulfides within a volcano-metasedimentary package of variable composition. Prospecting last fall identified potential gold bearing horizons that assayed up to 200 ppb gold. Work in the fall was cut short due to the onset of snow.

The Rollo property is situated along a projected extension of the Destor-Porcupine fault zone, which hosts several multi-million-ounce gold producers in the nearby Timmins camp, and sits between IAMGOLD’s Cote Lake gold deposit and Goldcorp’s Borden Gold project. Prospecting of the Rollo property last fall returned significant gold values that will be followed up this spring (See news release Dec 18th 2014 “Kapuskasing Gold Samples Up To 7.69 g/t Gold At Rollo and Borden North Gold Properties, Ontario”).

Click here to read the Kapuskasing Gold Corp. (TSXV:KAP) press release