Kapuskasing Gold (KAP-V) July 25, '16 is pleased to announce that drilling has commenced on the Rollo Property located near Foleyet, northern Ontario. A series of three to four short holes (approximately 50 metres each in length) is planned for the Racicot Gold Showing to add a third dimension to the high grade sampling announced August 6, 2015.
The Racicot Gold Showing was stripped and trenched last summer and gold mineralization appears to be associated with:
1. A north bearing quartz, quartz carbonate vein system that cross cuts the east-west trending mafic metavolcanics and
2. A syenite/porphyry dike system that trends sub parallel to the metavolcanics.
From observations of the limited geological exposure, the dike system seems to crosscut the quartz vein system. The channel sampling of the quartz vein system in three locations over an approximate 30 metre strike length included 8.82 g/t gold over 0.6 metres. The grab samples were taken at the south contact of the Syenite/Metavolcanics where channel sampling was not possible. The grab samples highlighted the gold concentration along the contact with assays of 1.0, 1.89 and 11.41 g/t gold. The drill program is designed to get a better understanding of these geological relationships.
About the Rollo Property
The Rollo property is situated along a projected extension of the Destor-Porcupine fault zone, which hosts several multi-million-ounce gold producers in the nearby Timmins camp, and sits between IAMGOLD's Cote Lake gold deposit and Goldcorp's Borden Gold project.
About the Company
Kapuskasing Gold has 7 gold properties located along extensions of the Destor-Porcupine or Borden Gold project. All of the properties, with the exception of Rollo and West Keefer, are situated within the Kapuskasing structural zones and have potential similarities to Goldcorp's Borden Gold project. A detailed map and property descriptions can be viewed on the Company's website: www.kapgold.com.
Mr. Garry Clark P.Geo, the Exploration Manager and a director of the Company, a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed the technical content of this release.
On behalf of the Board of Directors
Kapuskasing Gold Corp.
Jonathan Armes President & CEO Phone
1 (416) 708-0243 |
