Kesselrun starts airborne survey at Huronian

Jun 14, 2022

2022-06-13 17:41 ET – News Release

Mr. Michael Thompson reports

KESSELRUN INITIATES NUTEM AND MAGNETICS SURVEY OVER HURONIAN GOLD PROJECT

Kesselrun Resources Ltd. has initiated an airborne geophysical survey over a majority of the Huronian gold project.

Nuvia Dynamics Inc. has been contracted to acquire and process the data from a 372-kilometre NuTEM electromagnetics (NuTEM) and total field magnetic intensity (TMI) heliborne survey.

TechnoImaging LLC will then invert the data with its proprietary GlassEarth 3-D imaging technology to produce 3-D subsurface voxel models of the survey area. By integrating the 3-D inverted data with geology, known mineral occurrences and drill hole information, an inventory of new targets for drill testing will be generated.

Michael Thompson, PGeo, president and chief executive officer of the company, commented: “The combination of the NuTEM and TMI survey will be instrumental in both our targeting on strike from the Huronian mine area as well as the Moss Southwest target area which lies on strike for Goldshore’s Moss Lake deposit. Goldshore completed a similar survey, the data of which was also inverted in 3-D by TechnoImaging, contributing to its ongoing exploration success.”

Mr. Thompson remarked further, “Better understanding of the structural controls on gold mineralization in known areas and recognizing similar structures elsewhere will be key to unlocking the tremendous potential of the Huronian gold project.”

2022 Huronian exploration program

The 2022 Huronian exploration program will consist 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.

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 an historic resource estimate of 44,592 ounces Au at an average grade of 15.3 grams per tonne Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au 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 includes 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 the adjacent Moss Lake gold deposit with an historic resource estimate of 1,377,300 oz Au at an average grade of 1.1 g/t Au in the indicated category and 1,751,600 oz Au at an average grade of 1.1 g/t Au in the inferred category as outlined in Wesdome Gold Mines’ 2013 PEA. 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.

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 techniques. Samples returning over 10 grams per tonne 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.

Health and safety

The health and safety of the company’s personnel and contractors is always top priority for Kesselrun. The current situation presents new challenges above and beyond what the company normally faces while working in the field. Kesselrun has implemented further measures to ensure the health and safety of all working on the company’s projects.

About Kesselrun Resources Ltd.

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

We seek Safe Harbor.

http://kesselrunresources.com/