Kestrel Gold Inc. - Results from King Solomon Dome 3D-IP geophysical survey
02 Settembre 2012 - 1:15PM
PR Newswire (Canada)
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VANCOUVER, Sept. 4, 2012 /CNW/ - Kestrel Gold Inc. ("Kestrel" or
the "Corporation") (TSX Venture: KGC) announces the results
from a deep 3D-IP geophysical survey have been processed from
Kestrel Gold Inc.'s King Solomon Dome Property south of Dawson
City, in the Yukon Territory. The Resistivity and chargeability
survey using the Volterra-3DIP system was conducted by SJ
Geophysics of Delta, B.C., in late June in conjunction with a
magnetometer survey using 200 metre line spacing over a 1.6 km x
1.6 km grid. Significantly, the survey has detected a large
chargeability anomaly at depths to around 350 metres below the
topography, and below the main gold, silver, arsenic and lead soil
anomaly associated with the Sheba, Mitchell, Orekon vein systems
(where gold values in rock samples of up to 17.1 g/t Au were
collected in Kestrel's 2011 trenching program). Highlights of the
survey: -- Two deep chargeability anomalies totalling over 1 km in
width (approx. 300m below surface) are present east and west of the
Sheba vein showing -- The two deep chargeability anomalies are
spatially related to gold, silver, lead and arsenic soil
geochemical anomalies at surface -- The two deep chargeability
anomalies are generally shallow dipping to the east (north plunge)
and are open to depth -- The chargeability anomaly east of Sheba is
approximately 800 metres in strike length (approx. 300 metres below
surface) -- An additional strong chargeability anomaly is present
in the south western part of the property detected from near
surface to 300 metres below surface and open to depth -- Another
chargeability anomaly is present in the north eastern part of the
property at depths of 250 metres below surface and open to depth
The 2012 survey follows up on the first phase of geophysical work
conducted in 2011 which was successful in outlining a large
chargeable IP anomaly centred in the area around the Sheba showing
and trending towards the Mitchell Shaft in the north over a
distance of approximately 1.2 kilometres open along strike and
extending to depth. The 2011 survey concentrated on levels
generally above 130 metres depth and covered a longer strike length
of the vein system. The 2012 survey was specifically designed to
test the system centred on the Sheba showing from 130 metres to 400
- 500 metres depth. Confidence levels in the 2012 data are
generally good to about 350 metres below surface. Magnetometer
survey results are interpreted as providing evidence for possible
fault structures that may off-set the generally NNW trending
Klondike vein system and associated gold mineralization.
Contrasting magnetic susceptibilities may also reflect areas where
magnetite has been replaced by pyrite as a result of hydrothermal
processes. Surface mapping suggests that strong gold, silver,
arsenic and lead mineralization occurs in veins and pyrite rich
schist (altered) wall rock near fractures. The relatively
deep (and shallow dipping) large chargeability high below the
surface expression of this mineralization may suggest a sulphide
rich litho-tectonic source host. This provides the highly
encouraging prospect that a broad pyritic and possibly gold
enriched litho-tectonic host to the vein system and historically
gold rich placer streams still exists at depth, a potential deeper
source for the metals that were ultimately emplaced in the
discordant D4 vein systems at higher structural levels at King
Solomon Dome. Interestingly, the main large tabular nearly flat
lying chargeability high is strongest at elevations coincident with
the upstream limits of past and present placer operations of some
of the richest gold bearing creeks in the Klondike. The deeper
geophysical survey work has provided Kestrel with additional
diamond drill targets. The priority of the next phase of
exploration will be to test both the steep dipping vein system and
the flatter potentially sulphide and gold enriched target both open
to depth. Technical aspects of this news release have been reviewed
and approved by W.A. Taylor, P.Geo, hereby designated as a
qualified person under National Instrument 43-101. About Kestrel
Gold Inc. Kestrel is a gold exploration company headquartered in
Canada. Its two principal projects are the King Solomon Dome
project in Canada's Yukon Territory and the Huachi project in
Argentina. Kestrel (KGC) is listed on the TSX Venture
Exchange.
Technical aspects of this news release have been
reviewed and approved by W.A. Taylor, P.Geo., hereby designated as
a qualified person under National Instrument 43-101. Cautionary
Statements This news release contains "forward-looking information"
within the meaning of applicable securities laws, including with
respect to the scope and timing of the Survey, potential
exploration results mineralization of KSD and anticipated future
exploration of KSD. Readers are cautioned to not place undue
reliance on forward-looking statements. Forward-looking statements
are based on certain key assumptions made by the Corporation,
including assumptions based anticipated size and scope of the
Survey, the timing of the completion of the Survey and the future
exploration activities, potential mineralization of KSD and
assumptions related to obtaining sufficient financing and other
resources to carry out future exploration. Actual results and
developments may differ materially from those contemplated by these
statements depending on, among other things, the inherent risks
involved in the exploration and development of mineral properties,
the uncertainties involved in interpreting exploration results and
other geological and geophysical data and the ability of the
Corporation to obtain the funds and resources required to carry out
further exploration. The forward-looking statements in this press
release are made as of the date of this release and the Corporation
undertakes no obligation to update publicly or revise any forward
looking statements whether as a result of new information or
otherwise, except as required by applicable securities laws. The
Corporation undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of the
Corporation or its financial or operating results or (as
applicable) its securities. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release. Not for distribution to U.S.
Newswire Services or for dissemination in the United States. Any
failure to comply with this restriction may constitute a violation
of U.S. Securities laws. SOURCE Kestrel Gold Inc. Image with
caption: "KSD PROPERTY - Sheba Gold Vein System - Looking North
toward Mitchell Showing (CNW Group/Kestrel Gold Inc.)". Image
available at:
http://photos.newswire.ca/images/download/20120904_C3386_PHOTO_EN_17450.jpg
Image with caption: "KSD PROPERTY - Interpreted Chargeability - 300
metres below surface (ms) (CNW Group/Kestrel Gold Inc.)". Image
available at:
http://photos.newswire.ca/images/download/20120904_C3386_PHOTO_EN_17449.jpg
Image with caption: "KSD PROPERTY - Interpreted Chargeability (ms)
- Section 400N (CNW Group/Kestrel Gold Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120904_C3386_PHOTO_EN_17451.jpg
Kestrel Gold Inc. CONTACT: Kestrel Gold Inc.Kevin NephinOffice:
(604) 824-6056 or (604)
799-2456kvnephin@telus.netwww.kestrelgold.comAnd/orMacam Investor
RelationsCameron MacDonaldOffice (403)
452-6600cmacdonald@macamgroup.comwww.macamgroup.com
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