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Kermode Announces Metallic Screen Assays from Eastgate, Nevada
Victoria, British Columbia - (December 9, 2021) - Kermode Resources Ltd (TSXV: KLM) ("Kermode" or the "Company") reports results from further lab testing on channel samples collected at the Eastgate gold project in Nevada. Metallic screen fire assays confirm the presence of high-grade gold and show higher grades than in previously reported results.
| Sample ID | Metallic Screen Analysis
(Au g/t; New) | Fire Assay
(Au g/t; Previously Reported) | Sample Length (m) |
| Schweiss Mine 1A | 16.8 | 15.3 | 0.5 |
| Schweiss Mine 1B | 0.2 | 0.3 | 1.09 |
| Schweiss Mine 2 | 5.0 | 4.1 | 1.3 |
| Schweiss Mine 3 | 0.7 | 0.7 | 1.7 |
| Gold Ledge Mine 1 | 0.7 | 0.5 | 1.8 |
| Gold Ledge Mine 2 | 10.7 | 5.1 | 2.4 |
| Gold Ledge Mine 3 | 0.0 | 0.0 | 1.5 |
| Gold Ledge Mine 4 | 0.0 | 0.0 | 0.4 |
Kermode CEO Peter Bell says, “These metallic screen results provide confidence that we do not have false positives for previously reported results with high-grade gold. In fact, the richest sample comes back with slightly higher grades. The results also confirm that there are no false negatives where samples had higher grades than initially thought. I look forward to further work at this project.”
The Eastgate Project
The Company holds an undivided 15% interest in the Eastgate Project, situated in the Eastgate Mining District, Churchill County, Nevada which covers the historic Eastgate, Double Eagle, Sunny Jim, and Gold Ledge Mines and lesser prospects.
QA - QC
All samples reported in this release are channel samples taken by a Registered Professional Geologist with nominal sectional channel dimensions of 3 cm deep by 5 to 6 cm wide over the entire sampled length. All samples are taken as near to normal to the apparent structures as field conditions permitted.
All assays were performed at Paragon Laboratories in Sparks, Nevada. Gold (Au) was determined by metallic screen fire assay. Metallic screen analyses use much larger sample sizes than conventional assays and therefore are more representative of the sampled material. Metallic Screen Analyses are particularly useful when coarse free gold is present or suspected.
Approximately 1000g of sample material is pulverized to 95% passing 150 mesh (Tyler) and sieved at -150 mesh. The plus and minus fractions are weighed. The entire plus fraction is fire assayed and resultant prill (bead) retained for analysis. The minus fraction is homogenized and two, 30g splits are fire assayed. All three prills are parted and analyzed gravimetrically.
Parting Process: Beads are pounded flat to increase surface area, improving parting (selective leaching) and visual identification of any gold present at low concentrations during the parting process. Flattened beads have their silver content selectively digested (dissolved from the gold) in 12.5% nitric acid, followed with 50% nitric acid at 100oC. After the nitric acid leaching, gold flakes are washed in diluted ammonium hydroxide, rinsed, then dried and annealed. Post-acid steps remove any remaining silver that could overstate the gold results.
Gravimetric Analysis: Gold for each prill is weighed on a calibrated microbalance to the nearest 0.001 mg. Gold content in PPM (parts per million) is then calculated mathematically from the weight of the plus and minus fractions and the weight of the bead from each fraction.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr. Robert G. Carrington, P. Geo, a Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About Kermode
Kermode is a junior mining company hunting for exploration opportunities around the world.
On Behalf of the Board of Directors,
KERMODE RESOURCES LTD
"Peter Bell"
President/CEO
For further information please contact:
Tel: +1 (250) 588-6939
Email: peterbellmining@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as "forward-looking information"). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kermode actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document includes statements, but is not limited to results, analyses and interpretations of exploration and drilling programs; our grassroots exploration program, our mining (including mining methods), expansion, exploration and development activities, geological and mineralization interpretations and the plans, results, costs, and timing thereof. Although Kermode believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions the effect of a pandemic and particularly the COVID-19 outbreak as a global pandemic on the Company's business, financial condition and results of operations and the impact of the COVID-19 outbreak on our workforce, suppliers and other essential resources and what effect those impacts, if they occur, would have on our business, financial condition and results of operations; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; ; adverse industry events; future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Kermode to implement its business strategies; competition; and other assumptions, risks and uncertainties.
This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance, or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance, or achievements to differ from those anticipated, estimated or intended.
The forward-looking information contained in this news release represents the expectations of the company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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