- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Kapuskasing Gold to Acquire West Keefer Property in Timmins, Ontario
Kapuskasing Gold Corp. (TSXV:KAP) announced that it has signed a non-binding letter of intent to acquire a 100% interest in the West Keefer Property near Timmins, Ontario.
Kapuskasing Gold Corp. (TSXV:KAP) announced that it has signed a non-binding letter of intent to acquire a 100% interest in the West Keefer Property near Timmins, Ontario. The West Keefer Property is drill ready and consists of 10 claims covering 1,250 hectares in the heart of the prolific Destor-Porcupine Fault Zone, 40 kilometers west of Timmins, Ontario. The Company is planning to apply for permits and carry out a 1000 meter diamond drill program as soon as possible.
As quoted in the press release:
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 kilometers to the east along the Destor-Porcupine Fault Zone (“DPFZ”).
The West Keefer Project 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 I.P. anomalies of which are overburden covered. Each of these anomalies are characterised by moderate to high chargeability coincidental with areas of high resistivity. The Company believes that the I.P. signatures of these anomalies may represent mineralized porphyries or felsic intrusive units. Situated proximal and to the north of the interpreted DPFZ, potential porphyry units represent a favourable geological environment in the Timmins and Timmins West Camps for significant gold mineralization.
Immediately west of the Property (approximately 1.2 kilometers) are the Bartleman Trenches which are host to numerous high grade quartz veins with reported historical values including 5.1 g/t gold over 0.37 meters to 25.8 g/t gold and 68.4 g/t silver 0.50 meters (Ontario Ministry of Northern Development and Mines Mineral Deposit Inventory). Approximately 1.0 kilometer east of the West Keefer Property boundary is the Mosher Lake Occurrence which has historical assay values up to 35.1 g/t gold (grab sample) and up to 7.73 g/t gold over 0.60 meters from limited diamond drilling (unknown true width) (Ontario Ministry of Northern Development and Mines Mineral Deposit Inventory).
Connect with Kapuskasing Gold Corp. (TSXV:KAP) to receive an Investor Presentation.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.