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Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to announce sampling results and a new interpretation from the southwest extent of the McKellar mineralization trend.
Highlights:
- New Interpretation of McKellar West Area
- Two separate parallel zones, McKellar West and Minoletti, increase exploration potential
- Confirmation of McKellar West Mineralization trend to the west property boundary
Figure 1: Overview of Target Areas on the Huronian Gold Project
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The results returned from the McKellar West target area positively identified the strike extent of the McKellar West zone extending it to the far west property boundary as well as identifying a new parallel zone. There is now approximately 1400 metres of untested strike extent of the McKellar West zone as well as numerous kilometres of potential on the parallel Minoletti zone. With this new information the Kesselrun team will also be looking at the potential for parallel zones elsewhere on the property.
Figure 2: McKellar West Area - New Interpretation
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Michael Thompson, P.Geo., President and CEO of the Company, commented, "The detailed UAV magnetic survey and follow up boots on the ground has enabled the Kesselrun team to re-interpret the far western extents of the Huronian Gold Trend. What had previously been interpreted as one zone, over 50 years ago, has now been confirmed as two separate zones. This parallel zone, and the possibility of other similar zones throughout the property, increases the exploration potential immensely. This is especially significant considering Goldshore's resource expansion targets on parallel zones to their main mineralization"
Summary of 2024 Huronian Work Campaign
Multiple crews were mobilized to the Huronian project during the summer and fall of 2024 to execute a UAV based magnetic survey as well as follow up mapping and sampling on selected targets, among which were those derived from the magnetic survey.
The UAV MAG survey was performed over the McKellar West, Huronian North, Span North, Span South and Moss South target areas. Follow up mapping and sampling was done on McKellar West, Span South and Moss South.
Figure 3: Minoletti & McKellar West
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Table 1: Summary of Chip & Grab Sample Highlights
| Sample Number | Easting (mE) | Northing (mN) | Length (metres) | Au (g/t) | Zone | Sample Type |
| E5995743 | 662468 | 5377794 | n/a | 8.1 | Minoletti | grab - current |
| E5995746 | 662461 | 5377785 | n/a | 7.9 | Minoletti | grab - current |
| E5995742 | 662471 | 5377785 | n/a | 5.9 | Minoletti | grab - current |
| E5995744 | 662471 | 5377787 | n/a | 4.6 | Minoletti | grab - current |
| E5995745 | 662464 | 5377787 | n/a | 4.4 | Minoletti | grab - current |
| E5995740 | 662490 | 5377808 | n/a | 3.0 | Minoletti | grab - current |
| E1291366 | 662433 | 5377785 | n/a | 1.3 | Minoletti | grab - current |
| 1309879 | 662465 | 5377787 | 0.8 | 10.4 | Minoletti | chip - current |
| 1309881 | 662465 | 5377787 | 0.5 | 1.1 | Minoletti | chip - current |
| 1309891 | 662478 | 5377795 | 0.6 | 4.9 | Minoletti | chip - current |
| 1309903 | 662486 | 5377802 | 0.4 | 1.5 | Minoletti | chip - current |
| 1309907 | 662508 | 5377816 | 0.5 | 4.8 | Minoletti | chip - current |
| 10-02 | 662390 | 5377733 | 0.9 | 24.7 | Minoletti | chip - historic |
| 8-06 | 662422 | 5377754 | 0.3 | 17.5 | Minoletti | chip - historic |
| 5-06 | 662468 | 5377786 | 0.4 | 12.7 | Minoletti | chip - historic |
| 4-05 | 662498 | 5377803 | 0.4 | 11.0 | Minoletti | chip - historic |
| 7-01 | 662444 | 5377772 | 0.3 | 8.6 | Minoletti | chip - historic |
| 8-01 | 662439 | 5377770 | 0.6 | 7.2 | Minoletti | chip - historic |
| 5-03 | 662482 | 5377794 | 0.5 | 5.1 | Minoletti | chip - historic |
| TR-65 | 663755 | 5378153 | 0.6 | 9.2 | McKellar West | chip - historic |
| TR-14 | 664021 | 5378330 | 0.4 | 6.5 | McKellar West | chip - historic |
| TR-63-1 | 663760 | 5378158 | 0.7 | 5.4 | McKellar West | chip - historic |
| TR-60 | 663774 | 5378166 | 0.6 | 4.6 | McKellar West | chip - historic |
| TR-53 | 663804 | 5378188 | 0.4 | 3.6 | McKellar West | chip - historic |
| Beaver-3-03 | 662766 | 5377520 | 1.0 | 3.4 | McKellar Far West | chip - historic |
| TR-21 | 663994 | 5378311 | 0.6 | 3.2 | McKellar West | chip - historic |
| TR-11 | 664030 | 5378333 | 0.9 | 3.1 | McKellar West | chip - historic |
| TR-25 | 663969 | 5378294 | 0.5 | 2.8 | McKellar West | chip - historic |
| TR-59-1 | 663777 | 5378169 | 0.6 | 2.6 | McKellar West | chip - historic |
| (1) Grab and chip samples are selectively taken and random in size and may not be representative of mineralization characteristics. Chip sample lengths were constrained by the broken nature of the outcrop. UTM coordinates are in NAD83Z15 |
2025 Exploration Plan
With the new results from the 2024 summer and fall programs, Kesselrun plans to do further follow up work on selected target areas to get them drill ready in anticipation of initiating a drill program later in 2025.
About the Huronian Gold Project
The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources' qualified person has not completed sufficient work to confirm the results of the historical resource. Kesselrun Resources does not treat this as a current mineral resource but considers it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun to verify the historic estimate as a current mineral resource.
As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun mapping, compilation and modelling, on strike from the adjacent Moss Gold Project with an NI 43-101 compliant resource estimate of 1.23M oz Au at an average grade of 1.22 g/t Au in the indicated category and 4.92M oz Au at an average grade of 1.09 g/t Au in the inferred category(1). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun's property.
(1) Goldshore Resources Inc. news releases February 6, 2024.
Qualified Person
Michael Thompson, P.Geo., President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.
About Kesselrun Resources Ltd.
Kesselrun is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun's management team possesses strong geological and exploration expertise in Northwest Ontario. For more information about Kesselrun, please visit www.kesselrunresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For additional information please contact:
Kesselrun Resources Ltd.
Michael Thompson, P.Geo., President & CEO
807.285.3323
michaelt@kesselrunresources.com
Corporate Communications
1.866.416.7941 information@kesselrunresources.com
Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
KES:CA
High-Grade Gold Confirmed at Bronzewing South
- Partial results received from the diamond tail of drill-hole BWSRC081 with the visible gold zone returning 15.5g/t Au over 0.48m from 416.5m. This high- grade zone is reported within a broader intercept of:
- 8.95m at 1.32g/t Au from 414m, including:
- 0.48m at 15.5g/t Au from 416.5m; and
- 0.55m at 3.52g/t Au from 422.4m.
- 8.95m at 1.32g/t Au from 414m, including:
- Follow-up drilling along strike from these intercepts is scheduled to commence in the coming days to define the extent of the south-trending zone of gold mineralisation with a diamond tail of drill-hole BWSRCD086.
- Drill results indicate the inadequacy of historical air-core drill testing with a significant search space now open on the boundary with the historical Bronzewing Mining Lease.
- Diamond drilling at the Central Target, located ~1.7km to the south of the Eastern Target and within the same structural corridor, has encountered zones of intense locally massive quartz veining associated with brecciation below historical Hammer gold drilling anomalies of:
- 20m at 1.5g/t Au from 120m in drill-hole BWSRC0037, including:
- 8m at 2.4g/t Au from 120m; and
- 4m at 3.9g/t Au from 120m.1
- 20m at 1.5g/t Au from 120m in drill-hole BWSRC0037, including:
- Assay results from the remaining program will be progressively released in the coming weeks.
Figure 1. Photo of massive quartz carbonate veining intersected in drill-hole BWSRCD082 diamond tail at Hammer’s Central Target Zone (213m to 221.5m).
Hammer’s Managing Director, Daniel Thomas, said:
“The confirmation of high-grade gold mineralisation at Bronzewing South is a significant step in our search for an economically viable gold target at our Yandal Gold Project. High-grade mineralisation can be traced with multiple intercepts to the north of our project area, with the mineralised structure interpreted to extend for hundreds of metres.
“We will now look to test this structure approximately 100m further south on our project area. We are very much looking forward to follow-up drilling at the Eastern Target, as we enter a zone without any previous drilling coverage.
“The team is encouraged by the observations in recent drilling at the Central Target and the potential for this corridor to be connected to the Eastern Target drilling some 1.7km to the north. This corridor is largely untested below the ineffectual air-core drilling and, with a prominent shear zone interpreted to connect these targets, it is of high interest to the team in our search for a significant gold discovery.”
Figure 2. Plan view of the Bronzewing South tenement EPM36/854, showing Bronzewing orebodies on Northern Star Resources mining lease, historical Hammer RC drilling intercepts and the structural corridor of interest containing Hammer’s Central and Eastern Target Zones (refer to ASX announcement 9 November 2020).
Click here for the full ASX Release
This article includes content from Hammer Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
