- Kesselrun Resources Ltd. (KES) has received the final data on the NuTEM and magnetics survey initiated last year on the Huronian Gold Project
- NUVIA Dynamics Inc. processed the data from a heliborne survey conducted last fall
- Exploration of the Huronian Gold Project is focused on outlining and growing gold mineralization in known zones close to the former producing Huronian Gold Mine
- Kesselrun Resources is an Ontario-based mineral exploration company
- Kesselrun Resources Ltd. (KES) opened trading at $0.05 per share
Kesselrun Resources Ltd. (KES) has received the final data on the NuTEM and magnetics survey initiated last year on the Huronian Gold Project.
The project is located approximately 100 km west of Thunder Bay, Ontario.
NUVIA Dynamics Inc. processed the data from the 372-kilometre NuTEM Electromagnetics and Total Field Magnetic Intensity heliborne survey in the fall of 2022.
Integration of the 3D inverted data with geology, known mineral occurrences and drill hole information is now ongoing, with the end result being the generation of an inventory of new targets for drill testing.
In the southern portion of the project area, on strike from the adjacent Moss Lake Gold Project, outcrop exposure is below average. The geophysics, integrated with the reconnaissance drilling performed at the end of last year’s program, will identify high-priority targets and focus exploration efforts in 2023. Results from that drilling, along with the newly identified targets, will be released in the near future.
In the Huronian Mine area, preliminary analysis of the geophysical data shows an excellent correlation between certain geophysical features and gold mineralization. It is expected that the targeting exercise in this area will assist in identifying new zones of gold mineralization as well as extensions of known zones.
Exploration of Kesselrun’s 100 per cent owned Huronian Gold Project is focused on outlining and growing gold mineralization in the numerous known zones located in close proximity to the former producing Huronian Gold Mine as well as the discovery of new zones elsewhere on its underexplored and extensive 4600-hectare land package.
Michael Thompson, P.Geo., President and CEO of Kesselrun, commented on the news.
“Kesselrun’s geological team is looking forward to working with TechnoImaging to develop new targets for gold mineralization throughout the entire survey area. Our neighbour on strike to the east, Goldshore Resources, has had tremendous success with TechnoImaging in targeting new gold mineralization at Moss Lake as shown by their maiden resource estimate exceeding the historic resource estimate on the project.”
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 grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category.
Kesselrun Resources is an Ontario-based mineral exploration company focused on property acquisitions and discoveries.
Kesselrun Resources Ltd. (KES) opened trading at $0.05 per share.