Kesselrun drills 11.6 m of 14.4 g/t Au at Huronian

Sep 23, 2022

2022-09-22 11:16 ET – News Release

Mr. Michael Thompson reports

KESSELRUN CONTINUES INTERCEPTING HIGH-GRADE GOLD AT MCKELLAR ZONE

Kesselrun Resources Ltd. has provided further drilling results on its 100-per-cent-owned Huronian gold project.

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

Highlights:

22HUR170 intercepted 14.4 grams per tonne (g/t) over 11.6 metres (m), including 184.0 g/t gold (Au) over 0.8 m within a 124-metre interval which averaged 1.8 g/t Au.
22HUR151 intercepted 16.4 g/t Au over one m within an 11.1-metre interval which averaged 1.7 g/t Au.
22HUR153 intercepted 9.9 g/t Au over 1.2 m within a 15.5-metre interval which averaged 1.1 g/t Au which included 1.7 m of open workings which were assigned zero grade.

Michael Thompson, PGeo, president and chief executive officer of the company, commented: “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.”

2022 Huronian exploration program

The 2022 Huronian exploration program consists of drilling, as well as geophysics, over selected target areas. Drilling will be targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 1,500-metre strike length in the area of the historic Huronian mine. As well, the geology on strike to the southwest of Goldshore Resources’ Moss Lake deposit will be targeted. Drilling has been paused for the remainder of the season with approximately 13,000 metres completed this year. This will allow the remainder of the numerous outstanding assays to be received, compiled and interpreted, enabling more effective drill targeting when drilling recommences.

Qualified person

Mr. 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.

QA/QC (quality assurance/quality control)

Kesselrun has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Certified gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program, in addition to the control samples inserted by the lab. Samples are prepared and analyzed by Activation Laboratories in Thunder Bay. Samples are analyzed for gold using fire assay-AA (atomic absorption) techniques. Samples returning over 10 g/t gold are analyzed using fire assay-gravimetric methods. Selected samples are also analyzed with a standard one-kilogram metallic screen fire assay. All results reported herein have passed QA/QC protocols.

About Kesselrun Resources Ltd.

Kesselrun Resources is a Thunder Bay-based mineral exploration company focused on growth through property acquisitions and discoveries. Kesselrun’s management team possesses strong geological and exploration expertise in Northwestern Ontario.

We seek Safe Harbor.

http://kesselrunresources.com/