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Kestrel Gold - Options Additional Properties in the Yukon / Appoints CFO
CALBARY, AB / ACCESSWIRE / October 27 , 2020 / Kestrel Gold Inc. ("Kestrel" or the "Corpor...
About this update from Kestrel Gold Inc.
[{"type":"text","content":"Kestrel Gold - Options Additional Properties in the Yukon / Appoints CFOCALBARY, AB / ACCESSWIRE / October 27, 2020 / Kestrel Gold Inc. (\"Kestrel\" or the \"Corporation\") (TSXV:KGC) is pleased to announce it has entered into an arm's length, option agreement under which Kestrel may earn a 100-per-cent interest in the Grabben Gold and Sixtymile properties located within the Yukon portion of the Tintina Gold Belt. Creeks draining from both properties have produced significant amounts of placer gold and Kestrel will be evaluating their potential to host economic bedrock sources for this gold.Grabben Property HighlightsProperty consists of 65 claims totaling approximately 1,300 hectares.Geology consists of a sequence of sedimentary rocks ranging from conglomerate to siltstone intruded by intermediate intrusive bodies; both intrusive and sedimentary rocks are variably clay altered and bleached and contain disseminated, vein and fracture-controlled sulphide mineralization.Rock sampling has returned up to 8.35 g/t gold and 810 g/t silver.Soil sampling has returned up to 0.598 g/t gold and 12.6 g/t silver.No drilling and only limited hand trenching has been completed to date.Trace element geochemistry shows anomalous amounts of arsenic, lead, antimony and bismuth associated with elevated precious metals values, with this pathfinder suite suggestive of potential for an intrusion-related gold system.Sixtymile Property HighlightsProperty consists of 136 claims totalling approximately 2,600 hectares, covering the headwaters of several heavily placer mined creeks within the Sixtymile placer goldfields.A total of 7 bedrock zones or float trains of variably bleached, clay altered and silicified quartz breccias, stockworks and veins have been identified to date.The presence of occasionally intense silicification, breccias and stockworks with vuggy quartz, fluorite, crustiform banding, cockade breccias, and extremely fine-grained sulphide mineralization, is together strongly suggestive of an epithermal origin for alteration and mineralization noted on the property.Rock sampling has returned values up to 1.67 g/t gold and 12.3 g/t silver.Soil sampling has returned values up to 0.92 g/t gold and 2.4 g/t silver.Trace element geochemistry shows variably anomalous amounts of arsenic and antimony associated with elevated precious metals values.Earn-...