Kesselrun Resources Ltd.
Kesselrun Extends Strike Length on McKellar with Intercept of 30.3 g/t Au over 7.3 metres
THUNDER BAY, ON, June 10, 2021 – Kesselrun Resources Ltd. (TSXV:KES; OTCPK:KSSRF) (“Kesselrun” or the “Company”) is pleased to provide the following drilling results on its Huronian Gold Project.
Drilling on the McKellar Zone has intercepted significant gold mineralization approximately 200 metres along strike from the earlier Kesselrun drilling. Historic drilling by previous operators identified the main shear zone for over 1000 metres along strike to the southwest but failed to intersect the Huronian type high-grade structures on a consistent basis. Kesselrun’s new mineralization model suggests historic drilling was oriented sub-parallel to those high-grade structures
Highlights
- 21HUR078 - 113.7 g/t Au over 1.9 m within a 7.3 m wide zone which averaged 30.3 g/t Au
Confirmation of new mineralization model shows potential for over 1000 metres of strike extent to the southwest
Figure 1: Schematic Long Section – McKellar Zone
Figure 2: Visible Gold 21HUR078 @ 94.9 m (top) and 95.2 m (bottom) – McKellar Zone
Michael Thompson, P.Geo., President and CEO of the Company, commented, “Historic work along strike to the southwest for over 1000 metres, along with our new interpretation and drilling direction, gives us the confidence to continue our exploration efforts both down plunge and along strike and begin to show the full potential of this zone. It is exciting to see our hard work producing the kind of results we always knew this property had the potential for. We are confident we will continue see this kind of success in all Huronian property zones.”
Figure 3: Schematic Cross Section – McKellar Zone – 21HUR078
The 2021 Huronian drill program is budgeted at 20,000 metres targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 1500 m strike length in the area of the historic Huronian Mine. The area also has tremendous potential for discovery of new wide zones of significant gold mineralization in light of the new revised mineralization model.
As of this news release approximately 8500 metres has been drilled of which the results from approximately 3650 metres of drilling have been released.
Figure 4: Schematic Plan Map – McKellar Zone – Huronian Project
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 current mineral resource but is considering it relevant as a guide to future exploration and is included for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources.
As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun Resources mapping, compilation and modelling, on strike from Wesdome Gold’s adjacent Moss Lake Gold Deposit with a resource estimate of 1,377,300 oz Au at an average grade of 1.1 g/t Au in the indicated category and 1,751,600 oz Au at an average grade of 1.1 g/t Au in the inferred category as outlined in their 2013 PEA2. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources’ property.
About Kesselrun Resources Ltd.
Kesselrun Resources 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 Resources, please visit www.kesselrunresources.com.
Source: https://www.kesselrunresources.com/news/2021/kesselrun-extends-strike-length-on-mckellar-with-intercept-of-303-gt-au-over-73-metres
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