Kesselrun Resources' Bluffpoint Project Gold Zone Extended Along Strike for 3
Grab sample results of 101.80 and 66.82 g/t Au
THUNDER BAY, ON, Oct. 29, 2012 /CNW/ - Kesselrun Resources Ltd. (TSXV: KES)
("Kesselrun") is pleased to announce grab sample assay results from the
ongoing surface exploration at its flagship Bluffpoint project ("Bluffpoint")
in northwestern Ontario.
-- 101.80 g/t Au
-- 66.82 g/t Au
-- 13.66 g/t Au
These assay results are from samples taken from an area approximately 2300
metres north along strike from the northern extent (see news release dated
September 10(th), 2012) and 3000 metres north from the southern extent (see
news release dated October 18(th), 2012) of the newly expanded Homestake
Zone. Kesselrun's trenching program has now extended the Homestake Zone for
approximately 700m. The grab sample assay results released today have
extended the known gold mineralization on surface for approximately 3000m.
The goal of the surface exploration program is to follow up and expand on
previous work to better define drill targets for a forthcoming drilling
program this fall. Previous work by Homestake Canada Ltd. (now Barrick Gold
Corporation) recognized the potential for the Bluffpoint project to host a
large- tonnage granite hosted gold deposit.
Table 1 - Significant Grab Sample Results
|Grab Sample #| Grade | Grade |
| |(Au g/t)|(Au oz/t)|
| 1294120 | 1.51 | 0.044 |
| 1294121 | 13.66 | 0.398 |
| 1294122 | 101.80 | 2.970 |
| 1294123 | 2.73 | 0.080 |
| 1294124 | 66.82 | 1.949 |
| 1294129 | 5.08 | 0.148 |
| 1294138 | 9.40 | 0.274 |
Michael Thompson, P. Geo., President and CEO of Kesselrun stated, "We have now
outlined three kilometers of gold mineralization on surface. Within this
area we have a drill ready target of 700 metres in strike length and we look
forward to an estimated start of drilling in the very near future."
Updated figures, including the trenching results, will be available on our
website in the near future. Our corporate presentation is available on our
Kesselrun's flagship Bluffpoint Project consists of 103 mining claims covering
22,512 hectares in Northwest Ontario's Wabigoon Subprovince, host to several
recent gold discoveries such as Osisko's (TSX: OSK)Hammond Reef Project and
Rainy River's (TSX: RR) Rainy River Project. Accessible year round by a
network of well-maintained logging roads, Bluffpoint offers low cost
exploration in an emerging prolific gold district.
Michael Thompson, P. Geo., President and CEO of Kesselrun, is the Qualified
Person responsible forthe Bluffpoint project as defined by National
Instrument 43-101 and has approved the technical information in this news
Kesselrun has implemented a quality control program for the trench sampling
and planned drill program to ensure best practice in sampling and analysis.
The planning, execution and monitoring of Kesselrun's quality control programs
on the Bluffpoint project are under the supervision of Michael Thompson, P.
Geo. Kesselrun maintains strict quality assurance/quality control protocols
including the systematic insertion of certified standard reference and blank
materials into each sample batch. Analyses in this release were performed by
Accurassay Laboratories Ltd. of Thunder Bay, Ontario with ISO 17025
accreditation. Samples are transported in security sealed bags to Accurassay
and all samples were assayed using industry-standard assay techniques for
gold. Gold was analyzed by a standard 30 gram fire assay with an AA and/or
About Kesselrun Resources Ltd.
Kesselrun Resources is a newly formed 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 with particular experience in Northwest Ontario. For
more information about Kesselrun Resources, please visit our website at
Forward Looking Statements
This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that the
Company expects to occur, including without limitation, the private placement,
are forward looking statements. Forward looking statements are statements that
are not historical facts and are generally, but not always, identified by the
words "expects", "plans", "could" or "should" occur. Although the Company
believes the expectations expressed in such forward looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in forward
looking statements. Factors that may cause the actual results to differ
materially from those in forward-looking statements include gold prices,
results of exploration and development activities, regulatory changes, defects
in title, availability of materials and equipment, timeliness of government
approvals, continued availability of capital and financing and general
economic, market or business conditions. The Company cautions the foregoing
list of important factors is not exhaustive. Investors and others who base
themselves on the Company's forward-looking statements should carefully
consider the above factors as well as the uncertainties they represent and the
risk they entail. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance can be given
that these expectations will prove to be correct. Please see the public
filings of the Company at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
Kesselrun Resources Ltd. Michael Thompson, P.Geo, President & CEO
Adam Rabiner, Corporate Communications 604.868.7881 or 1.866.416.7941
SOURCE: Kesselrun Resources Ltd.
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-0- Oct/29/2012 12:30 GMT
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