• Kesselrun Resources (KES) provided further drilling results on its Huronian Gold Project
  • Drilling on the McKellar Zone continues to intercept high-grade gold within wide intervals of mineralization
  • One hole intercepted 9.9 g/t Au over 1.2 metres within a 15.5 metres interval which averaged 1.1 g/t Au which included 1.7 metres of open workings, which were assigned zero grade
  • Kesselrun Resources Ltd. (KES) is down 14.29 per cent trading at C$0.03 per share as of 2pm ET

Kesselrun Resources (KES) provided further drilling results on its Huronian Gold Project.

Drilling on the McKellar Zone continues to intercept high-grade gold within wide intervals of mineralization.

Highlights:

  • 22HUR170 intercepted 14.4 g/t over 11.6 metres, including 184.0 g/t Au over 0.8 of a metre within a 124.0 metres interval which averaged 1.8 g/t Au
  • 22HUR151 intercepted 16.4 g/t Au over 1.0 metres within an 11.1-metre interval which averaged 1.7 g/t Au
  • 22HUR153 intercepted 9.9 g/t Au over 1.2 metres within a 15.5 metres interval which averaged 1.1 g/t Au which included 1.7 metres of open workings which were assigned zero grade
Source: Kesselrun Resources Ltd.

The Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario’s first gold mine with a historic resource estimate of 44,592 oz Au at an average indicated grade of 15.3 g/t Au and 501,377 oz Au at an average inferred grade of 14.4 g/t Au.

Michael Thompson, P.Geo., President, and CEO of Kesselrun, commented on the news.

“The 2022 drill program has been designed to expand zone footprints as well as infill drill identified areas of gold mineralization. Specifically, the drill holes reported herein were part of the program designed to infill gaps of up to 100 metres in the heart of the McKellar zone. Infill drilling on the McKellar zone continues to impress with multiple high-grade veins within a much wider zone. These blowouts are common in all the zones on Huronian and are exemplified by local fold and fault thickening.”

Kesselrun Resources is an Ontario-based mineral exploration company focused on property acquisitions and discoveries.

Kesselrun Resources Ltd. (KES) is down 14.29 per cent trading at C$0.03 per share as of 2pm ET.


More From The Market Online
Mandalay Resources - Mandalay's Björkdal gold mine in Sweden.

This profitable gold stock is on its way up

An attractive stock to consider under a gold-equity dislocation thesis is Mandalay Resources, whose mines are profitable and 100%-owned.

Pampa Metals completes drill hole PIU-03 at Piuquenes Project

Pampa Metals (CSE:PM) reveals it has completed drilling at hole PIU-03 at its Piuquenes Project in Argentina.

Critical raw materials pioneer drives Europe’s clean energy transition

Leading Edge Materials Corp. (TSXV:LEM) offers an exciting proposition as it stands at the forefront of the critical raw materials sector.

Microcap rare earths stock sees positive sampling results

Defense Metals Corp. (TSXV:DEFN) receives positive results from Ucore Rare Metals (TSXV:UCU) on its Wicheeda rare earth carbonate sample.