Kesselrun Resources Ltd.: Kesselrun Intercepts 99.0 g/t Au over 0.5 M Within 3.5 M Zone Averaging 15.6 g/t Au
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Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays as insufficient drilling has been completed to determine capping levels for higher grade gold intercepts.
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 is not treating this as a c
Kesselrun Resources Ltd.: Kesselrun Intercepts 30.4 g/t Au over 1.0 m within 5.8 m Zone Averaging 6.8 g/t Au
10.3 m of 4.7 g/t Au; 21HUR031 assayed
30.4 g/t Au over 1.0 m within
5.8 m of 6.8 g/t Au; 21HUR032 assayed
14.3 g/t Au over 0.9 m within
3.9 m of 4.5 g/t Au; 21HUR034 assayed
16.7 g/t Au over 0.8 m and
13.3 g/t Au over 1.4 m within
3.8 m of 5.8 g/t Au and
3.9 m of 7.0 g/t Au respectively
Multiple high-grade veins intercepted within wide zones of gold mineralization.
Plunge direction confirmed at shallower levels
Holes now planned further down plunge
Figure 1: Schematic Longsection - Huronian Project - Fisher Zone
Kesselrun Resources Ltd.: Kesselrun Resources Commences Huronian Gold Project Drilling
Thunder Bay, Ontario (Newsfile Corp. - January 28, 2021) - Kesselrun Resources Ltd. (TSXV: KES) (OTC Pink: KSSRF) ( Kesselrun or the Company ) is pleased to announce that drilling has commenced at its Huronian Gold Project.
The planned drill program consists of a total of 20,000 metres. Drilling will be focused on the Fisher, Fisher North, McKellar and Huronian zones as well as newly interpreted targets generated from the 2020 drilling. All the zones are in close proximity centred on the historically mined Huronian zone.
Michael Thompson, P.Geo., President and CEO of the Company, commented, We are excited to begin this next step at advancing the Huronian project. With the recently announced acquisition of the neighbouring Moss Lake Gold Deposit by Goldshore Resources, this year will be a pivotal one for Kesselrun and Huronian.
Kesselrun Resources Ltd.: Kesselrun Resources Provides Corporate Update
2021 Drill Program
The 2021 drill program is currently in the final stages of planning. Drilling is expected to commence later this month with a total 20,000 metres of drilling planned in this phase. Drilling will concentrate on the zones which made up the historic resource and the historically mined Huronian zone.
Michael Thompson, P.Geo., President and CEO of the Company, commented, We are very excited to begin this phase of exploration on Huronian and demonstrate its potential to the market.
2020 Annual General Meeting Results
The 2020 Annual General Meeting took place on December 8
th, 2020.