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Kesselrun Resources Reports Surface Sample Results and New Zone

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Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF) has announced significant findings from its McKellar West target area exploration. The company has identified two separate parallel zones - McKellar West and Minoletti - which substantially increase exploration potential. The McKellar West zone now extends to the far west property boundary with approximately 1,400 metres of untested strike extent.

The discovery stems from a detailed UAV magnetic survey and ground exploration conducted during summer and fall 2024. The survey covered multiple areas including McKellar West, Huronian North, Span North, Span South, and Moss South target areas, with follow-up mapping and sampling performed on selected locations.

This new interpretation revises previous understanding from over 50 years ago, when the area was thought to contain only one zone. The company plans to conduct further follow-up work on selected target areas to prepare them for a potential drill program later in 2025.

Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF) ha annunciato risultati significativi dall'esplorazione della sua area target McKellar West. L'azienda ha identificato due zone parallele separate - McKellar West e Minoletti - che aumentano notevolmente il potenziale di esplorazione. La zona di McKellar West si estende ora fino al confine occidentale della proprietà con circa 1.400 metri di estensione non testata.

La scoperta deriva da un dettagliato sondaggio magnetico UAV e da esplorazioni sul campo condotte durante l'estate e l'autunno del 2024. Il sondaggio ha coperto più aree, tra cui McKellar West, Huronian North, Span North, Span South e Moss South, con mappatura e campionamento di follow-up effettuati in luoghi selezionati.

Questa nuova interpretazione rivede la comprensione precedente di oltre 50 anni fa, quando si pensava che l'area contenesse solo una zona. L'azienda prevede di condurre ulteriori lavori di follow-up su aree target selezionate per prepararle a un potenziale programma di perforazione nel 2025.

Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF) ha anunciado hallazgos significativos de la exploración en su área objetivo McKellar West. La compañía ha identificado dos zonas paralelas separadas - McKellar West y Minoletti - que aumentan considerablemente el potencial de exploración. La zona de McKellar West se extiende ahora hasta el límite occidental de la propiedad con aproximadamente 1.400 metros de extensión no probada.

El descubrimiento proviene de un detallado estudio magnético con UAV y exploración en terreno realizado durante el verano y otoño de 2024. El estudio cubrió múltiples áreas, incluyendo McKellar West, Huronian North, Span North, Span South y Moss South, con mapeo y muestreo de seguimiento realizados en ubicaciones seleccionadas.

Esta nueva interpretación revisa la comprensión previa de hace más de 50 años, cuando se pensaba que el área contenía solo una zona. La compañía planea realizar más trabajos de seguimiento en áreas objetivo seleccionadas para prepararlas para un posible programa de perforación más adelante en 2025.

Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF)는 McKellar West 목표 지역 탐사에서 중요한 발견을 발표했습니다. 이 회사는 탐사 잠재력을 크게 증가시키는 두 개의 개별 평행 구역 - McKellar West와 Minoletti를 확인했습니다. McKellar West 구역은 이제 서쪽 경계까지 확장되어 있으며, 약 1,400미터의 미검사 구간이 있습니다.

이번 발견은 2024년 여름과 가을 동안 수행된 상세한 UAV 자기 조사와 현장 탐사에서 비롯되었습니다. 조사는 McKellar West, Huronian North, Span North, Span South 및 Moss South 목표 지역을 포함한 여러 지역을 다루었으며, 선택된 위치에서 후속 매핑 및 샘플링이 수행되었습니다.

이 새로운 해석은 50년 이상 전에 이 지역이 단지 하나의 구역만 포함하고 있다고 생각되었던 이전의 이해를 수정합니다. 이 회사는 2025년 후반에 잠재적인 드릴 프로그램을 준비하기 위해 선택된 목표 지역에서 추가 후속 작업을 수행할 계획입니다.

Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF) a annoncé des résultats significatifs de son exploration de la zone cible McKellar West. L'entreprise a identifié deux zones parallèles distinctes - McKellar West et Minoletti - qui augmentent considérablement le potentiel d'exploration. La zone de McKellar West s'étend désormais jusqu'à la limite ouest de la propriété avec environ 1 400 mètres d'étendue non testée.

La découverte provient d'une enquête magnétique UAV détaillée et d'une exploration terrestre réalisée pendant l'été et l'automne 2024. L'enquête a couvert plusieurs zones, y compris McKellar West, Huronian North, Span North, Span South et Moss South, avec un suivi de cartographie et d'échantillonnage effectué sur des emplacements sélectionnés.

Cette nouvelle interprétation révisé la compréhension précédente d'il y a plus de 50 ans, lorsque l'on pensait que la zone ne contenait qu'une seule zone. L'entreprise prévoit de réaliser d'autres travaux de suivi sur des zones cibles sélectionnées pour les préparer à un programme de forage potentiel plus tard en 2025.

Kesselrun Resources (TSXV: KES) (OTCQB: KSSRF) hat bedeutende Ergebnisse aus der Erkundung seines Zielgebiets McKellar West bekannt gegeben. Das Unternehmen hat zwei separate parallele Zonen - McKellar West und Minoletti - identifiziert, die das Erkundungspotenzial erheblich erhöhen. Die McKellar West Zone erstreckt sich nun bis zur westlichen Grundstücksgrenze mit etwa 1.400 Metern ungetesteter Ausdehnung.

Die Entdeckung stammt aus einer detaillierten UAV-Magnetuntersuchung und einer Geländeerkundung, die im Sommer und Herbst 2024 durchgeführt wurde. Die Untersuchung umfasste mehrere Bereiche, darunter McKellar West, Huronian North, Span North, Span South und Moss South, mit nachfolgender Kartierung und Probenahme an ausgewählten Standorten.

Diese neue Interpretation überarbeitet das frühere Verständnis von vor über 50 Jahren, als man annahm, dass das Gebiet nur eine Zone enthielt. Das Unternehmen plant, weitere Nachfolgenarbeiten in ausgewählten Zielgebieten durchzuführen, um sie auf ein potenzielles Bohrprogramm später im Jahr 2025 vorzubereiten.

Positive
  • Discovery of new parallel Minoletti zone increases exploration potential
  • Confirmation of McKellar West zone extending to property boundary
  • 1,400 meters of untested strike extent identified at McKellar West
Negative
  • None.

Thunder Bay, Ontario--(Newsfile Corp. - March 26, 2025) - Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to announce sampling results and a new interpretation from the southwest extent of the McKellar mineralization trend.

Highlights:

  • New Interpretation of McKellar West Area

  • Two separate parallel zones, McKellar West and Minoletti, increase exploration potential

  • Confirmation of McKellar West Mineralization trend to the west property boundary

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4206/246102_7ae2ab00c4917ace_001.jpg

Figure 1: Overview of Target Areas on the Huronian Gold Project

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https://images.newsfilecorp.com/files/4206/246102_7ae2ab00c4917ace_001full.jpg

The results returned from the McKellar West target area positively identified the strike extent of the McKellar West zone extending it to the far west property boundary as well as identifying a new parallel zone. There is now approximately 1400 metres of untested strike extent of the McKellar West zone as well as numerous kilometres of potential on the parallel Minoletti zone. With this new information the Kesselrun team will also be looking at the potential for parallel zones elsewhere on the property.

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Figure 2: McKellar West Area - New Interpretation

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Michael Thompson, P.Geo., President and CEO of the Company, commented, "The detailed UAV magnetic survey and follow up boots on the ground has enabled the Kesselrun team to re-interpret the far western extents of the Huronian Gold Trend. What had previously been interpreted as one zone, over 50 years ago, has now been confirmed as two separate zones. This parallel zone, and the possibility of other similar zones throughout the property, increases the exploration potential immensely. This is especially significant considering Goldshore's resource expansion targets on parallel zones to their main mineralization"

Summary of 2024 Huronian Work Campaign

Multiple crews were mobilized to the Huronian project during the summer and fall of 2024 to execute a UAV based magnetic survey as well as follow up mapping and sampling on selected targets, among which were those derived from the magnetic survey.

The UAV MAG survey was performed over the McKellar West, Huronian North, Span North, Span South and Moss South target areas. Follow up mapping and sampling was done on McKellar West, Span South and Moss South.

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Figure 3: Minoletti & McKellar West 

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Table 1: Summary of Chip & Grab Sample Highlights

Sample NumberEasting (mE) Northing (mN)Length (metres)Au (g/t)ZoneSample Type
E59957436624685377794n/a8.1Minolettigrab - current
E59957466624615377785n/a7.9Minolettigrab - current
E59957426624715377785n/a5.9Minolettigrab - current
E59957446624715377787n/a4.6Minolettigrab - current
E59957456624645377787n/a4.4Minolettigrab - current
E59957406624905377808n/a3.0Minolettigrab - current
E12913666624335377785n/a1.3Minolettigrab - current
130987966246553777870.810.4Minolettichip - current
130988166246553777870.51.1Minolettichip - current
130989166247853777950.64.9Minolettichip - current
130990366248653778020.41.5Minolettichip - current
130990766250853778160.54.8Minolettichip - current
10-0266239053777330.924.7Minolettichip - historic
8-0666242253777540.317.5Minolettichip - historic
5-0666246853777860.412.7Minolettichip - historic
4-0566249853778030.411.0Minolettichip - historic
7-0166244453777720.38.6Minolettichip - historic
8-0166243953777700.67.2Minolettichip - historic
5-0366248253777940.55.1Minolettichip - historic
TR-6566375553781530.69.2McKellar Westchip - historic
TR-1466402153783300.46.5McKellar Westchip - historic
TR-63-166376053781580.75.4McKellar Westchip - historic
TR-6066377453781660.64.6McKellar Westchip - historic
TR-5366380453781880.43.6McKellar Westchip - historic
Beaver-3-0366276653775201.03.4McKellar Far Westchip - historic
TR-2166399453783110.63.2McKellar Westchip - historic
TR-1166403053783330.93.1McKellar Westchip - historic
TR-2566396953782940.52.8McKellar Westchip - historic
TR-59-166377753781690.62.6McKellar Westchip - historic
(1) Grab and chip samples are selectively taken and random in size and may not be representative of mineralization characteristics. Chip sample lengths were constrained by the broken nature of the outcrop. UTM coordinates are in NAD83Z15

 

2025 Exploration Plan

With the new results from the 2024 summer and fall programs, Kesselrun plans to do further follow up work on selected target areas to get them drill ready in anticipation of initiating a drill program later in 2025.

About the Huronian Gold Project

The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources' qualified person has not completed sufficient work to confirm the results of the historical resource. Kesselrun Resources does not treat this as a current mineral resource but considers it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun to verify the historic estimate as a current mineral resource.

As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun mapping, compilation and modelling, on strike from the adjacent Moss Gold Project with an NI 43-101 compliant resource estimate of 1.23M oz Au at an average grade of 1.22 g/t Au in the indicated category and 4.92M oz Au at an average grade of 1.09 g/t Au in the inferred category(1). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun's property.

(1) Goldshore Resources Inc. news releases February 6, 2024.

Qualified Person

Michael Thompson, P.Geo., President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.

About Kesselrun Resources Ltd.

Kesselrun is a 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 in Northwest Ontario. For more information about Kesselrun, please visit www.kesselrunresources.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.

For additional information please contact:

Kesselrun Resources Ltd.

Michael Thompson, P.Geo., President & CEO
807.285.3323
michaelt@kesselrunresources.com

Corporate Communications
1.866.416.7941 information@kesselrunresources.com

Forward-Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246102

FAQ

What new discoveries did Kesselrun Resources (KSSRF) make at the McKellar West area in March 2025?

Kesselrun identified two parallel zones - McKellar West and Minoletti - instead of the previously assumed single zone, with McKellar West showing 1,400 metres of untested strike extent.

What exploration work did KSSRF complete at Huronian Project in 2024?

KSSRF conducted UAV magnetic surveys over McKellar West, Huronian North, Span North, Span South, and Moss South, with follow-up mapping and sampling in selected areas.

What are Kesselrun Resources' (KSSRF) exploration plans for 2025?

The company plans to conduct follow-up work on selected target areas to prepare them for a potential drill program later in 2025.

How does the new parallel zone discovery impact KSSRF's exploration potential?

The discovery significantly increases exploration potential, with multiple kilometers available on the Minoletti zone and potential for additional parallel zones throughout the property.
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