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Kestrel Gold Announces Preliminary Exploration Results From Val-Jual Property
VANCOUVER, British Columbia, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX-V:KGC) is pleased to announce preliminary exp
About this update from Kestrel Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Aug. 22, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX-V:KGC) is pleased to announce preliminary exploration results for its Val-Jual property located approximately 70 km southwest of Dawson City, Yukon. “Optioning the Val-Jual property gave the company an excellent foothold in the burgeoning White Gold district,” stated Kevin Nephin, President and CEO of Kestrel. “Our preliminary exploration has helped define 8 significant targets over a 4.8 km² area within the Cupid and Jual areas, several of which we are proposing to test with a reverse circulation drill program currently planned for early September. Further prospecting is planned for remaining untested gold soil anomalies and we are confident this work will lead to the discovery of more mineralized zones.” Work in the Cupid area has encountered two anomalous zones, Cupid West and Cupid East. Work at Cupid West has partially delineated a gold soil anomaly with numerous samples grading from 50 ppb Au to a peak of 124 ppb Au, prospecting within this anomaly located bleached and limonitic intrusive subcrop with occasional quartz stockwork, samples of which returned up to 9.04 g/t Au. Work at Cupid East located a 175m x 200m gold soil anomaly within which samples average 122 ppb Au with a peak value of 1,335 ppb Au. This anomaly is strongly open to the south and occurs where a north-south trending lineament, visible on aeromagnetic maps, intersects the presumed margin of an intrusive body. Limited prospecting and hand trenching within this anomaly encountered limonitic, bleached and clay altered intrusive subcrop, assays for which are pending. Work in the Jual area consisted of tight spaced soil sampling and prospecting in 6 main areas: Teckphel, RQC, Alcove, BQC, Lonely and T5Main, in an effort to define drill targets. At Teckphel peak values of 1,456 ppb Au from soil samples and 0.53 g/t Au from rock samples help define an approximate 650m by 800m gold anomaly located in an area of variably quartz veined, carbonate altered and arsenopyrite mineralized metasedimentary rocks close to an intrusive body. Historical work in this area by Solomon Resources included 3 drill holes which were centred in the middle of a lobe of this anomaly and drilled out towards the fringes. The holes were of insufficient depth to fully test th...