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Kestrel Gold Announces Drill Results from Val-Jual Property
VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX.V:KGC) is pleased to announce drill results f
About this update from Kestrel Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX.V:KGC) is pleased to announce drill results from the Val-Jual property located approximately 70 km south of Dawson City, Yukon Territory. The property comprises two separate blocks either side of the significant placer gold producing Ten Mile Creek: the Val-Jual block, covering 1,375 hectares; and south of this, the Ten block, covering 1,302 hectares. Kestrel drilled 13 reverse circulation (RC) holes, totalling 922 metres on part of the Val-Jual block. The objective of the drill program was to test for orogenic-style gold mineralization similar to that within the White Gold District. The program specifically targeted the T5, Lonely, BQC, Alcove, RQC and Teck TR16 zones, testing gold anomalies from historical and recent soil and trench sampling. A map of the drill hole locations is shown on the Kestrel Gold website. Drill hole specifications are shown in Table 2. Results All 13 drill holes encountered low grade to anomalous gold mineralization hosted in granite, with maximum values per hole ranging from 3.13 g/t gold (Au) in drill hole 17RC-01 to 0.27 g/t Au in drill hole 17RC-06 (when including duplicate samples). Pathfinder elements for the gold mineralization may include lead (Pb), zinc (Zn), silver (Ag) and arsenic (As). The granite which is believed to be Jurassic in age, varies in colour from light yellow, to grey, to orange-brown where more oxidised infrequently occurring grey-green intervals may represent a more mafic compositional change or engulfed older (schistose) metasediments. A mineralizing hydrothermal system is evidenced by “late stage” quartz veinlets in-filling micro-fractures. Some of the micro-fractures exhibit “bleached” alteration haloes, while other areas are more potassic (K)-feldspar altered. Conversely, the granite appears relatively fresh and unaltered in certain un-mineralized intercepts. Visible sulphide content is generally low (between trace and 1%), occurring as very fine-grained pyrite and arsenopyrite within the quartz veinlets. The quartz veining is in part brecciated, sheeted, stockworked and re-healed giving a saccharoidal and sooty texture (where fine sulphides are present). Other fracture filling and alteration minerals include: calcite, limonite, hematite, sericite and c...