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Home > News > Kesselrun discovers new...

Kesselrun discovers new zone; confirms Fisher North potential in NWO

Nov 12, 2020


Kesselrun Resources Ltd. is pleased to provide the following update on its 100% owned Huronian Gold Project.

The company reports further results from drilling on the Fisher North Zone and the area between the Fisher and Fisher North Zones. 

Highlights

  • Fisher North Zone is comprised of a wide zone of stacked quartz veins in a large package of variably altered rocks with associated sulphides near surface which assayed 1.0 g/t Au over 35.3 m including 22.2 g/t Au over 1.2 m in hole 20HUR014 and 0.9 g/t Au over 28.9 m including 23.2 g/t Au over 0.8 m in hole 20HUR015.

  • New zone interpreted in the area between the Fisher North and Fisher Zones confirmed with hole 20HUR017 which assayed 11.4 g/t Au over 1.0m.

  • Numerous historical drill assays remain that are not associated with any modelled zone and await follow up.

Image removed.

Figure 1: Schematic Longsection - Huronian Project - Fisher & Fisher North Zones

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4206/68032_c34831d1748f98f5_001full.jpg

Michael Thompson, P.Geo., President and CEO of the Company, commented, "Our drilling on the Fisher North Zone has demonstrated the continuity both at depth and along strike. Historic drilling focused on assaying the high-grade veins while neglecting the surrounding zone of alteration and mineralization. These results demonstrate that the gold mineralization is broadly pervasive throughout the Fisher North Shear Zone. As well, the discovery of a previously unrecognized zone between Fisher and Fisher North highlights the potential to outline further zones of gold mineralization in the area greatly enhancing the possibility of outlining economically compliant ounces."

The 2020 Huronian drill program targeted four zones; Fisher, Fisher North, McKellar and Huronian. The four zones are in 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 carry high grade gold values in association with altered, sheared and variably mineralized mafic volcanics, feldspar-quartz porphyries and iron formation. 

Previous operators have focused on the Fisher, Fisher North and McKellar Zones where drilling has been concentrated at near surface depths of 75 metres or less, while the Huronian Zone has been mostly unexplored since the closure of the mine in 1936. As a result, Kesselrun believes there to be significant upside potential on all zones.

Image removed.

Figure 2: Schematic Plan Map - Huronian Project

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4206/68032_c34831d1748f98f5_002full.jpg



Tags: Northern Ontario / Exploration / Gold / All Articles