- Kesselrun Resources (KES) has announced drill results from its Huronian Gold Project
- Drilling on the McKeller Zone intercepted significant gold mineralization roughly 200 metres along strike from previous drilling
- New mineralization shows the potential for over 1,000 metres of strike extent to the southwest
- The drilling program at Huronian is budgeted at 20,000 metres at the Fisher, Fisher North, McKellar and Huronian zones
- Approximately 8,500 metres have been drilled to date
- Results from roughly 3,650 metres of drilling have been released
- Shares of Kesselrun are down 6 per cent to C$0.24 as of 3:59 p.m. ET
Kesselrun Resources (KES) has announced drill results from its Huronian Gold Project.
The company completed drilling along the McKellar Zone, which intercepted significant gold mineralization of approximately 200 metres along strike from previous drilling.
According to the press release, confirmation of new mineralization showed the potential for over 1,000 metres of strike extent to the southwest.
“Historic work along strike to the southwest for over 1000 metres, along with our new interpretation and drilling direction, gives us the confidence to continue our exploration efforts both down plunge and along strike and begin to show the full potential of this zone," Michael Thompson, president and CEO of Kessel Resources, said in a press release.
In total, the company's 2021 Huronian drill program is budgeted for 20,000 metres targeting the Fisher, Fisher North and Huronian zones.
These are all close to the approximate 1,500 metre strike length in the area of the historic Huronian Mine.
Approximately 8,500 metres have been drilled to date, with results of at least 3,650 metres of drilling released.
Kessel Resources owns 100 per cent interest in the Huronian Gold Project, which plays host to the past producing Huronian Mine — Northwestern Ontario's first gold mine.
Shares of Kesselrun are down 6 per cent to C$0.24 as of 3:59 p.m. ET.