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Kapuskasing Gold Corp. (TSXV:KAP) announced that a recent prospecting and sampling program at its Ontario-based Rollo and Borden Lake gold properties returned gold values of up to 7.69 grams per tonne.
Kapuskasing Gold Corp. (TSXV:KAP) announced that a recent prospecting and sampling program at its Ontario-based Rollo and Borden Lake gold properties returned gold values of up to 7.69 grams per tonne (g/t).
Furthermore, the company discovered a new gold zone on the eastern half of Rollo. It has been named the Trembaly porphyry after its discoverer and returned 1.36 g/t gold.
As quoted in the press release:
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 Probe Mines’ Borden Lake Gold project.
The work on the Rollo Property focused on the areas surrounding the historic Hanson Lake and Coppell Gold Occurrences (see July 8, 2014 news release) and the large-scale zones of prospective alteration associated with quartz feldspar porphyries, identified by the Geological Survey of Canada. A total of 52 surface grab samples were collected, the majority of which returned strongly anomalous gold values, several greater than 1.0 g/t Au.
Dean Nawata, president and CEO of Kapuskasing, commented:
Kapuskasing Gold is extremely encouraged by the first pass exploration results from the Rollo and Borden North properties. These gold values confirm that both the Rollo and Borden North properties host potentially large pregnant gold systems which require further evaluation. We are excited to advance these projects to the drill testing stage as soon as possible.
Click here to read the full Kapuskasing Gold Corp. (TSXV:KAP) press release.