Kesselrun Resources Acquires Additional Ground at Bluffpoint
22 Agosto 2012 - 4:01AM
PR Newswire (Canada)
THUNDER BAY, ON, Aug. 22, 2012 /CNW/ - Kesselrun Resources Ltd.
(the "Company" or "Kesselrun"), is pleased to announce that it has
acquired additional mining claims adjacent to its Bluffpoint
project ("Bluffpoint") located in Northwest Ontario. A further 47
mining claims covering 11,168 hectares were staked as a result of
evaluation of preliminary results of the summer exploration
program. The 2012 summer exploration program continues with the
goal to follow up and expand on previous work to better define
drill targets for a forthcoming drilling program this fall.
Previous work by Homestake Canada Ltd. (now Barrick Gold
Corporation) recognized the potential for the Bluffpoint project to
host a large tonnage, granite-hosted gold deposit. Michael
Thompson, P.Geo., President & CEO of Kesselrun stated, "The
recent acquisition of mining claims covers on strike targets
generated as a result of the evaluation of our preliminary results
of our exploration program. We are very excited at the
potential the Bluffpoint project holds and are looking forward to
advancing the project to the drill ready stage." Kesselrun's
flagship Bluffpoint Project now consists of 103 mining claims
covering 22,576 hectares in Northwest Ontario's Wabigoon
Subprovince, host to several recent gold discoveries such as
Osisko's Hammond Reef Project and Rainy River's Rainy River
Project. Accessible year round by a network of well-maintained
logging roads, Bluffpoint offers low cost exploration in an
emerging prolific gold district. Michael Thompson, P.Geo.,
President and CEO of Kesselrun, is the Qualified Person responsible
for the Bluffpoint project and has approved the technical
information in this news release. About Kesselrun Resources Ltd.
Kesselrun Resources is a newly formed Thunder Bay, Ontario-based
mineral exploration company focused on growth through property
acquisitions and discoveries. Kesselrun's management team possesses
strong geological and exploration expertise -- with particular
experience in Northwest Ontario -- as well as significant
capital markets and business know-how. For more information about
Kesselrun Resources, please visit our website at
www.kesselrunresources.com. Forward Looking Statements This release
includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or
developments that the Company expects to occur, including without
limitation, the private placement, are forward looking statements.
Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "could" or "should" occur. Although the Company
believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Factors that
may cause the actual results to differ materially from those in
forward-looking statements include gold prices, results of
exploration and development activities, regulatory changes, defects
in title, availability of materials and equipment, timeliness of
government approvals, continued availability of capital and
financing and general economic, market or business conditions. The
Company cautions the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on the
Company's forward-looking statements should carefully consider the
above factors as well as the uncertainties they represent and the
risk they entail. The Company believes that the expectations
reflected in those forward-looking statements are reasonable, but
no assurance can be given that these expectations will prove to be
correct. Please see the public filings of the Company at
www.sedar.com. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release. Kesselrun Resources Ltd. CONTACT:
Kesselrun Resources Ltd.Michael Thompson, P.Geo, President &
CEO807.285.3323Adam Rabiner, Corporate Communications604.868.7881
or 1.866.416.7941information@kesselrunresources.com
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