Kesselrun grab samples up to 90.6 g/t Au at Huronian
2020-08-25 10:08 ET - News Release
Mr. Michael Thompson reports
KESSELRUN RESOURCES SAMPLES HURONIAN ZONE
Kesselrun Resources Ltd. has provided the following update on its Huronian gold project.
While preparing drill pads for the drill program that is now currently under way, on site geologists identified the opportunity to expose the Huronian zone at surface. The Huronian zone has not been exposed at surface since the 1930s as that portion was buried in waste rock during the course of mining operations. Only a small strike extent of the zone was historically exposed at surface, with the majority of it under swamp. Exposing the surface expression of the high-grade vein previously mined at the Huronion zone will allow geologists to further investigate structural and alteration trends associated with high-grade mineralization on the Huronian property. Grab samples on the freshly exposed vein resulted in assays of up to 90.6 grams per tonne gold and 13.9 grams per tonne gold.
Michael Thompson, PGeo, president and chief executive officer of the company, commented: "To be the first people to lay eyes on the Huronian zone in nearly 90 years is truly an historic occasion. Full credit to the field team for identifying the opportunity and taking the initiative. To be able to make direct observations of the mineralization, alteration and structural components of the Huronian zone gives us invaluable data that will serve Kesselrun well moving forward."
The Huronian zone consists of a mix of sheared mafic volcanics, feldspar and feldspar quartz porphyries as well as numerous lamprophyre dikes and quartz veins. The two exposed areas are approximately 50 metres and 10 metres in length, respectively, covering an approximate 100-metre strike length of the zone. Only an approximate one-metre-to-two-metre-wide portion of the zone is exposed of the interpreted five-metre-to-10-metre-wide zone. The vein is presently being washed for detailed mapping and sampling.
About the Huronian gold project
The 100-per-cent-owned Huronian gold project hosts the past-producing Huronian mine, Northwestern Ontario's first gold mine with a historic resource estimate of 44,592 ounces gold at 15.3 grams per tonne gold in the indicated category and 501,377 ounces gold at 14.4 grams per tonne gold 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 including it 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 ounces gold at 1.1 grams per tonne gold in the indicated category and 1,751,600 ounces gold at 1.1 grams per tonne gold in the inferred category as outlined in its 2013 preliminary economic assessment. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property.
Qualified person
Michael Thompson, PGeo, president and chief executive officer of Kesselrun, is the qualified person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.
Quality assurance/quality control
Kesselrun has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Blanks and standards are inserted at the core processing site as part of the quality assurance/quality control program. Samples are prepared and analyzed by Actlabs in Thunder Bay, Ont. Over 5 per cent of the samples analyzed are control samples consisting of checks and blanks inserted by the company, in addition to the control samples inserted by the lab. Samples are dried, weighed crushed to 80 per cent passing two millimetres, riffle split (250 grams) then pulverized to 95 per cent passing 105 micrometres mesh and then analyzed by fire assay using a 50-gram pulp sample. All samples have passed quality assurance/quality control protocols.