Kestrel's 2022 Phase 1 QCM Drill Program Intersects 2.39 G/T Au Over 21.33 Metres
CALGARY, AB / ACCESSWIRE / October 12, 2022 / Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSXV:KGC) is pleased to announce results of the Corporation's 2022 first phase reverse circulation ("RC") drill program completed on the QCM property. The program, comprising 519 metres in eight holes, provided a preliminary test of six of Kestrel's grassroots generative prospecting targets. The QCM property is being explored for near surface, bulk tonnage gold mineralization.
Drill Program Highlights:
Peak program values of 2.39 g/t Au over 21.33 metres were returned from the top of hole 8, with the hole collaring in material grading 0.56 g/t Au over 1.52 metres.
New discoveries of potential significance were encountered in holes 4, 6 and 8.
Gold bearing intervals are hosted by argillite and lesser sandstone of the Takla Group and Cassiar Terrane. Gold bearing intervals typically exhibit carbonate and silica alteration, are cut by variably sized sheeted to stockwork quartz veins and are mineralized with up to 3% pyrite. Mariposite has been noted in some sections.
Table 1: Drill Results