Kestrel Gold Inc.: Surface Sampling Highlights the Near Surface Bulk Tonnage Potential of Gold Mineralization at Huachi Property, Argentina
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2012) -
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Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) is pleased to announce the release of the initial results from its surface sampling of road cuts and trenches on its 540 hectare Huachi property in San Juan Province, Argentina (the "Huachi Property") conducted in conjunction with the Corporation's 2011 diamond drilling campaign.
The results from 223 continuous one metre rock chip samples (including QA/QC samples) have been processed and compiled by Kestrel. Sampling was distributed over six lines covering the outcrops found along the roads and trenches on the east hill side of Cerro Los Bronces.
Significant new continuous chip road sections include:
- 4.40 g/t Au over 7.0 metres
- 1.61 g/ Au over 13.0 metres
- 0.64 g/t Au over 6.0 metres
The results suggest that the best surface samples in terms of higher gold grade are where NW structures intersect what is believed to be a continuation of the NNE trending "Sentazon Structure". While the significant values reported are not true widths of the "Sentazon Structure" itself, the sample intervals stated may approximate true widths across NW trending mineralized structures.
The significant values stated are from two parallel northeast trending road cuts up to 30 metres apart where 71 and 64 one metre continuous chip samples were taken respectively. In this area, vuggy textured silica veins are hosted in a partially brecciated, fractured and highly altered, quartz-feldspar porphyry.
The gold bearing quartz-feldspar porphyry rocks sampled display a dominant NW trending fracture/cleavage with strong argillic alteration that overprints propylitic alteration.
The occurrence and recognition of these mineralized structural alignments oblique to the direction of the major mineralized structures already known, opens up, in the opinion of management, new possibilities for exploration of other higher grade mineralized zones with the view to further increasing the volume of the gold bearing component at the Huachi Property.
Results for drill holes 11-HU-21 to 11-HU-23 including those targeting the "Sentazon Structure" as well as results from further surface trench sampling of the road cuts are anticipated to be released shortly, following QA/QC procedures and also pending further laboratory reports. Maps relating to the content of this news release showing the distribution of sample lines and the relative locations of samples will be posted on the Corporation's website.
Quality Assurance/Quality Control
Samples were submitted to Alex Stewart Assayers Argentina S.A. in Mendoza, Argentina an ISO 9000-2000 accredited laboratory. Gold and silver results were determined using standard fire assay techniques on a 30 gram sample with a gravimetric finish for gold and silver. In addition to this, ICP-AR (Aqua Regia digestion) analysis was performed on 39 elements. Gustavo Fernandez P.Geo of UAKO Geological Consultants supervised and assessed the QA/QC procedures and data in compliance with National Instrument 43-101 requirements.
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.
This news release contains "forward-looking information" within the meaning of applicable securities laws, including with respect to the potential mineralization of the Huachi Property and possible future exploration of the Huachi property and the timing of the release of further sampling results. 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 on the Corporation's current exploration results, assumptions related to obtaining sufficient financing and other resources to carry out any future exploration and timing to obtain reportable results. 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 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.
Contact InformationKestrel Gold Inc.
604-824-6056 or 604-799-2456