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Kestrel Gold Samples up to 6.12% Copper at Dease Project in Golden Triangle
VANCOUVER, British Columbia, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX-V:KGC) is pleased to announce results from it
About this update from Kestrel Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Kestrel Gold Inc. (“Kestrel” or the “Company”) (TSX-V:KGC) is pleased to announce results from its 2017 exploration program on the Dease Project located within the Golden Triangle area of British Columbia south of Dease Lake. Kevin Nephin, President and CEO of Kestrel Gold states: “Our 2017 field program provided first pass prospecting coverage of the Lode, Hotai and Hu target areas with this work yielding rock sample values up to 6.12% copper with 211 ppm cobalt, 521 ppb gold and 39.7 ppm silver. These results, together with those from late 2016 prospecting on the Upper Gnat prospect yielding rock sample values up to >1.0% copper and 5,219 ppb gold, suggest a significantly expanded exploration program is warranted to follow up the numerous showings and anomalies encountered.” The Dease Porphyry Project, located approximately 35 kilometres south of Dease Lake, lies within the Golden Triangle mineralized district, north of the Red Chris mine which is exploiting a major copper-gold porphyry deposit. The geological setting consists of Stikine Terrane middle to upper Triassic aged Stuhini group volcanics intruded by various late Triassic to mid-Jurassic granitic plutons and batholithic rocks. At Lode, mineralization is found within andesitic volcanic rocks which have undergone propylitic and metasomatic (skarn) alteration, cut by syenitic to dioritic dykes and related small intrusive bodies. Numerous showings of vein, disseminated and shear hosted chalcopyrite, bornite and possible chalcocite, returning a peak rock grab sample value of 6.12% Copper with 211 ppm cobalt, 521 ppb gold and 39.7 ppm silver, are found within this sequence, predominantly within andesite but also within intrusive dykes and bodies. Peak soil geochemical values to 4,615 ppm copper with 96 ppm silver and 539 ppm cobalt suggest the presence of significant, yet to be sourced, mineralization. At Hotai, prospecting was concentrated within two previously defined Induced Polarization (IP) chargeability anomalies with significant aerial extent. One measures 750 m by 1,700 m and is coincident with a Total Magnetic Intensity (TMI) “high” feature. The second chargeability target measures 1,100 m by 1,700 m and is coincident with an annular TMI “high” feature surrounding a central magnetic low, which is a ...