Kestrel Gold drills 10.67 m of 0.334 g/t Au at Grabben

Aug 3, 2021

2021-08-03 09:23 ET – News Release

 

Mr. Rob Solinger reports

KESTREL GOLD – DRILLING RESULTS FOR THE GRABBEN PROPERTY

Kestrel Gold Inc. has released the results for the reverse circulation drill program completed at the Grabben property (see the corporation’s June 15 news release). The program resulted in nine holes totalling 557.9 metres of drilling targeting two areas in the Grid zone, an open-ended 900-metre-long-by-100-to-250-metre-wide gold plus/minus silver-arsenic-bismuth-antimony soil anomaly. All holes encountered sections of variably clay altered, bleached, limonitic and fractured intrusive rocks, as well as a similarly altered and fractured alternating sedimentary sequence consisting of mudstone, siltstone and conglomerate. The geological setting and geochemical signature together suggest potential for an intrusion-related gold system.

Drilling targeted two areas of the Grid zone, northwest and southeast, located approximately 250 metres apart. True widths of the intervals quoted in the table are unknown.

Rob Solinger, president and chief executive officer of Kestrel, states: “Although our inaugural drill program at Grabben failed to encounter ore-grade mineralization over mineable widths, mineralization encountered suggests the presence of a mineralizing system and further work including geological mapping, an induced polarization geophysical survey and prospecting of other targets on the property is recommended but of secondary importance to further advancement of Kestrel’s QCM and Sixtymile properties.”

Holes were sampled top to bottom at 1.52-metre intervals with all samples submitted to the Bureau Veritas (BV) sample preparation facility in Whitehorse, Yukon. Analyses was completed by BV at its Vancouver facility using a 30-gram fire assay (BV code FA430) for gold and a 0.5-gram aqua regia digestion (BV code AQ300) for silver and trace element geochemistry.

Sixtymile exploration update

At the Sixtymile property an exploration program consisting of reverse circulation drilling, prospecting and soil sampling designed to augment and expand upon results from prior programs was recently completed. The target at Sixtymile is a series of north to north-northeast-trending fault zones located near the upstream termini of several alluvial gold paystreaks. These fault zones exhibit brecciation, silicification, widespread and occasionally intense limonite, bleaching, clay alteration, vuggy quartz, and are commonly anomalous in gold, silver, arsenic and antimony. Peak values of up to 2,260 parts per billion Au in rock and 1,765 ppb Au in soil have been returned. The RC drilling totalled seven holes and 556.4 metres, which were designed to test several of these fault zones. Results from this work will be released once they have been received, compiled and interpreted.

Cole Mooney, MSc, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Kestrel Gold Inc.

Kestrel Gold is a gold exploration company headquartered in Western Canada. The corporation is focused on gold exploration within the Canadian cordillera, with an emphasis on hardrock targets located in placer gold mining districts.

We seek Safe Harbor.

https://www.kestrelgold.com/

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