Kesselrun Resources Ltd. Michael Thompson, P. Geo., President and CEO – October 16, 2020 – RICH TV LIVE – Kesselrun Resources Ltd. (TSXV:KES) (“Kesselrun” or the “Company”) is pleased to provide the following update on its Huronian Gold Project.
The Company has received initial results from the Fisher Zone, one of four zones tested in the 2020 Huronian drill program. The Fisher Zone has been outlined by historic work to be approximately 400 metres in strike length and 75 metres depth.
Wide zone of intense quartz veining, alteration and sulphides near surface assayed 6.2 g/t Au over 45.1 m with three discreet zones that assayed 42.1 g/t Au over 4.9 m, 7.6 g/t Au over 2.3 m and 6.1 g/t Au over 2.8 m in hole 20HUR004.
Deepest intercept on the core of the Fisher Zone in hole 20HUR011 assayed 21.8 g/t over 0.7 m and 9.3 g/t over 2.2 m in a broader zone which overall assayed 2.9 g/t Au over 13.0 m.
Multiple generations of quartz veins recognized indicating long-lived mineralizing gold system.
Higher grade intercepts associated with lead and copper sulphides which is typical of the mineralization at the historically mined Huronian Zone.
Michael Thompson, P.Geo., President and CEO of the Company, commented, “The impressive width and grade along with the tenure of veining, alteration and mineralization indicates a robust system. As well, we have extended the higher-grade core to almost 100 metres vertical depth with the down plunge extent remaining untested. Our systematic approach to exploration puts Kesselrun in an exceptionally good position to aggressively advance the Huronian project”.
The 2020 Huronian drill program targeted four zones; Fisher, Fisher North, McKellar and Huronian. The four zones are in close proximity along an approximate 1500 m strike length in the area of the historic Huronian Mine. The zones include multiple generations of quartz veins that often carry higher gold values in association with altered, sheared and variably mineralized mafic volcanics, feldspar-quartz porphyries and iron formation.
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