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TSXV:KAP

Kapuskasing Gold Corp. (TSXV:KAP) has identified two gold mineralization settings at Rollo sampling up to 8.59 G/T and 11.41 G/T as it prepares for diamond drilling. As quoted in the press release: Kapuskasing Gold Corp. has provided the results of prospecting and channel sampling at its Rollo property located in Northern Ontario. Sampling at the high-grade …

Kapuskasing Gold Corp. (TSXV:KAP) has identified two gold mineralization settings at Rollo sampling up to 8.59 G/T and 11.41 G/T as it prepares for diamond drilling.
As quoted in the press release:

Kapuskasing Gold Corp. has provided the results of prospecting and channel sampling at its Rollo property located in Northern Ontario. Sampling at the high-grade Racicot Gold Showing (previously reported as the Hanson Occurrence, see news release June 11, 2015) has identified two different gold bearing relationships – a north bearing quartz vein system sampled in three locations over 30 meters of strike which returned up to 8.59 g/t over 0.6 meters and a syenite/porphyry dike system crosscutting the quartz vein system which sampled up to 11.41 g/t along its contact with east-west trending mafic metavolcanics. A drill program is now being designed to further test these two gold mineralization relationships.
The recent program was comprised of prospecting, mapping and sampling (grab and channels). A total of 12 channel samples and 3 grab samples were taken from the Racicot gold showing (see website for map). The channel saw-cuts and grab samples focused on two exposed areas at the Racicot gold showing and determined that there are two principal gold bearing relationships.

Garry Clark, KAP’s exploration manager stated:

“We will be conducting a series of short (~50 meter) diamond drill holes to test both styles of gold mineralization and attempt to add a third dimension to the high grade sampling encountered so far. Drill permits are anticipated to be in place by late August and drilling contracts are currently being evaluated. The Company also continues its discussions with First Nations in the area and expects to sign early exploration agreements in the very near term”.

Click here for the full Kapuskasing Gold Corp. (TSXV:KAP) press release.
Click here for the Kapuskasing Gold Corp. (TSXV:KAP) profile.

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