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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (191671)

10/10/2025 2:48:05 PM

From: LoneClone

Read Replies (1) | Respond to of 192358

Kestrel Gold/Centerra Gold: Drilling Results at QCM Gold Property

accessnewswire.com

CALGARY, AB / ACCESS Newswire / October 10, 2025 / Kestrel Gold Inc. ("Kestrel")(TSXV:KGC) provides an update on ongoing drilling program by Centerra Gold Inc. ("Centerra", TSX:CG or NYSE:CGAU) at Kestrel's 100% owned QCM property located in the Manson-Germanson area of central British Columbia.

The QCM project is comprised of 8,729 hectares, centered over a 15-kilometre NW-SE striking segment of the Manson Fault Zone. Centerra holds an exclusive option to earn a 75% interest in QCM by making cash payments totalling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029.

A total of 7,276 m of diamond drilling was completed between 25 May- 29 September. Drilling focused on two areas of interest, located approximately 7 km apart. Drilling at the Main Zone was designed to validate historical results, test for preferred vein orientations, and step out along strike. Sixteen holes (4,455 m) were completed at the Main Zone (Figure 1; Table 1). Drilling at the 14 Vein was designed to step out along strike from historical results and test additional anomalies. Fourteen holes (2,821 m) were completed at the 14 Vein (Figure 2; Table 1). Partial assay results are now available for the Main Zone. Remaining results from the Main Zone and 14 Vein will be the subject of an upcoming news release once available. Drilling continues with up to an additional 2,500 m to be completed following up on new results at the Main Zone.

Figure 1. Main Zone 2025 drill hole locations

Figure 2. 14 Vein 2025 drill hole locations

Table 1. Drill collar details

Hole ID	Zone	Easting	Northing	Elev. (m)	Azimuth (GN)	Dip	Depth (m)
QCM-25-001	Main	400032	6172606	1171	56.8	-49.8	200 / 245.00
QCM-25-002	Main	399957	6172671	1163	53.5	-50.1	200 / 242.00
QCM-25-003	Main	399775	6172593	1192	90.0	-60.0	350 / 407.00
QCM-25-004	Main	399772	6172590	1192	2.4	-45.5	350 / 404.00
QCM-25-005	Main	399951	6172453	1235	3.8	-46.6	300 / 378.50
QCM-25-006	Main	399953	6172455	1235	89.8	-45.4	300 / 330.00
QCM-25-007	Main	400343	6172029	1109	358.2	-50.5	200 / 192.00
QCM-25-008	Main	400344	6172030	1109	88.4	-60.3	200 / 201.00
QCM-25-009	Main	400195	6172184	1136	358.4	-45.2	250 / 255.00
QCM-25-010	Main	400270	6172287	1169	357.0	-50.5	250 / 252.00
QCM-25-011	Main	400319	6171920	1086	88.8	-60.2	300 / 300.00
QCM-25-012	Main	400464	6171941	1102	0.3	-60.0	250 / 282.00
QCM-25-013	Main	400140	6172584	1153	53.2	-59.6	200 / 201.00
QCM-25-014	Main	399748	6172728	1147	39.4	-45.1	230 / 231.00
QCM-25-015	Main	399650	6172725	1151	37.5	-44.9	270 / 276.00
QCM-25-016	Main	399588	6172836	1127	38.6	-45.0	250 / 255.00
QCM-25-017	14 Vein	396166	6179106	1085	43.0	-44.8	200 / 201.00
QCM-25-018	14 Vein	395968	6179272	1077	42.5	-45.1	175 / 175.00
QCM-25-019	14 Vein	396042	6179348	1076	43.8	-45.1	175 / 175.00
QCM-25-020	14 Vein	395970	6179400	1056	45.0	-45.0	175 / 177.00
QCM-25-021	14 Vein	395969	6179399	1055	44.6	-79.8	175 / 174.00
QCM-25-022	14 Vein	396217	6179376	1081	43.3	-44.5	150 / 150.00
QCM-25-023	14 Vein	396239	6179313	1078	44.9	-44.9	150 / 116.00
QCM-25-024	14 Vein	396218	6178931	1082	44.4	-39.7	200 / 201.00
QCM-25-025	14 Vein	395931	6179235	1073	43.3	-46.5	275 / 300.00
QCM-25-026	14 Vein	395931	6179235	1073	43.7	-62.7	325 / 325.00
QCM-25-027	14 Vein	395908	6179319	1073	43.4	-45.3	175 / 175.00
QCM-25-028	14 Vein	395904	6179480	1025	45.6	-70.2	225 / 225.00
QCM-25-029	14 Vein	395904	6179480	1025	43.3	-44.7	175 / 195.00
QCM-25-030	14 Vein	395900	6179950	954	44.3	-43.4	150 / 216.00

Drilling Results

In the Main Zone, quartz veins are concentrated within interbedded tuffaceous volcanic rocks and greywackes, which dip to the southwest. Gold bearing intervals are associated with albite-sericite-carbonate-quartz-pyrite alteration. The mineralized trend is fault bound to the southeast, but open down-dip to the southwest and along strike of bedding to the northwest. The mineralized trend runs NW-SE in map view, however true widths of the individual mineralized zones for each hole have not been calculated. Reported intervals in Table 2 are downhole lengths. Results are highlighted by hole QCM-25-006 which returned 137.00 m at 0.522 g/t Au from 136.00 m, confirming historical assay results from the Main Zone. This interval includes a quartz vein bearing visible gold between 125.72 m and 126.05 m which returned 3.68 g/t Au over 1 m from 125.5 m.

Table 2. Partial 2025 drill results from the Main Zone

Drill Hole	Target Zone	From (m)		To (m)	Length (m)	Au ppm
QCM-25-001	Main Zone		15.20	29.50	14.30	0.972
		Including	16.70	29.50	12.80	1.046
			35.50	38.50	3.00	0.234
			53.80	87.50	33.70	0.236
		Including	60.90	61.90	1.00	2.307
			101.25	128.00	26.75	0.309
		Including	114.00	115.00	1.00	1.614
		And	126.00	127.00	1.00	1.603
			163.90	171.90	8.00	0.140
QCM-25-003	Main Zone		8.00	48.00	40.00	0.376
		Including	17.00	18.00	1.00	1.256
		And	39.00	41.00	2.00	2.465
			56.00	57.00	1.00	13.6
			65.00	96.00	31.00	0.381
		Including	68.00	70.00	2.00	1.136
		And	80.00	81.00	1.00	2.296
		And	95.00	96.00	1.00	1.03
			129.00	132.00	3.00	0.372
			139.00	171.00	32.00	0.254
			184.00	221.00	37.00	0.22
		Including	209.87	211.00	1.13	1.13
			234.00	239.00	5.00	0.439
			248.00	289.00	41.00	0.228
		Including	248.00	249.00	1.00	1.082
			294.01	298.97	4.96	0.176
			303.00	314.00	11.00	0.126
			375.00	386.00	11.00	0.254
		Including	381.00	382.00	1.00	1.323
QCM-25-004	Main Zone		23.00	26.00	3.00	0.273
			32.00	44.00	12.00	0.129
			56.00	147.00	91.00	0.245
		Including	115.00	116.00	1.00	1.086
		And	133.00	134.00	1.00	1.105
			155.00	205.00	50.00	0.301
		Including	163.00	164.00	1.00	1.691
		And	172.00	173.00	1.00	1.344
		And	174.00	175.00	1.00	1.518
		And	204.00	205.00	1.00	1.174
			213.00	216.50	3.50	0.317
			222.00	227.00	5.00	0.218
			235.00	239.00	4.00	0.172
			245.00	256.00	11.00	0.317
		Including	249.00	250.00	1.00	1.128
			265.00	271.00	6.00	0.248
			299.00	307.00	8.00	0.126
			341.00	344.00	3.00	0.115
QCM-25-005	Main Zone		87.00	135.00	48.00	0.823
		Including	93.00	95.00	2.00	1.393
		And	103.00	104.00	1.00	1.386
		And	110.00	125.00	15.00	1.57
		And	131.00	134.00	3.00	1.329
			139.32	149.00	9.68	0.292
			154.50	162.00	7.50	0.344
			169.00	172.00	3.00	0.518
		Including	170.00	171.00	1.00	1.218
			189.00	247.94	58.94	0.39
		Including	206.95	207.90	0.95	1.089
		And	219.00	223.00	4.00	1.083
		And	226.00	227.00	1.00	1.093
			255.00	272.88	17.88	0.3
		Including	265.00	266.00	1.00	1.508
			277.03	299.00	21.97	0.257
		Including	297.00	297.87	0.87	1.215
			303.02	332.00	28.98	0.153
QCM-25-006	Main Zone		67.00	69.00	2.00	13.027
			123.00	128.00	5.00	1.142
		Including	125.20	127.00	1.80	2.815
			136.00	273.00	137.00	0.522
		Including	137.00	140.00	3.00	1.951
		And	148.00	158.00	10.00	1.133
		And	163.00	167.00	4.00	1.618
		And	179.00	181.00	2.00	2.521
		And	194.00	198.00	4.00	1.3
		And	230.00	231.00	1.00	2.107
		And	238.00	239.00	1.00	1.116
		And	253.00	254.00	1.00	1.209
			278.83	284.00	5.17	0.153
			310.00	314.00	4.00	0.119
			319.00	323.00	4.00	0.105
QCM-25-007	Main Zone		50.00	53.42	3.42	0.142
			75.00	82.00	7.00	0.133
			89.00	101.00	12.00	0.525
		Including	90.00	91.00	1.00	1.953
			106.00	127.00	21.00	0.133
			135.00	156.00	21.00	0.211
		Including	149.00	150.00	1.00	1.148
QCM-25-008	Main Zone		55.00	81.00	26.00	0.245
		Including	60.00	61.00	1.00	2.009
			86.00	90.00	4.00	0.248
QCM-25-010	Main Zone		49.00	105.00	56.00	0.301
		Including	66.00	67.00	1.00	1.211
		And	85.00	87.00	2.00	1.75
			111.00	139.00	28.00	0.232
QCM-25-011	Main Zone		85.00	90.00	5.00	0.328
QCM-25-014	Main Zone		20.00	55.59	35.59	0.196
			70.00	109.00	39.00	0.244
			123.00	153.00	30.00	0.154
			191.00	214.00	23.00	0.194
		Including	191.00	192.00	1.00	1.6

Quality Assurance/Quality Control and Sampling Procedures

One-meter-long intervals of half-split NQ core were sampled along the entire length of the holes. Core was split along its length by hand with a diamond blade rock saw. Samples were sent to Bureau Veritas, an independent laboratory in Vancouver B.C. where analytical results were obtained using FA430, a fire assay method for gold. Standards, blanks, field duplicates (quarter core), and crush duplicates were inserted into the sample sequence at a rate of approximately one QA/QC sample for every ten samples submitted to the lab. An initial review of the drilling, sampling and assaying procedures did not recognize any factors that would materially affect the accuracy or reliability of the assay data disclosed.

Quality assurance in the field was provided by the operator Centerra during drilling. The Kestrel QP was on-site 21-24 July.

Pat Lynch, President and CEO of Kestrel, states: "We are excited that Centerra continued drilling into October to infill at the Main Zone further testing QCM potential. Drilling at QCM's Main Zone returned encouraging results as the numbers dictate. The 14 Vein drilling results and additional drilling at the Main Zone will be made available as soon as we can return them to you."

Qualified Person

Greg Lynch P.Geo., a Qualified Person as defined by National Instrument 43-101 who is also a director of the corporation, has reviewed and approved the technical information contained in this news release.

About Kestrel Gold

Kestrel Gold Inc. is an exploration company headquartered in western Canada and focused on the Canadian Cordillera. Kestrel has earned a 100% interest, subject to a 2% NSR royalty with buydown provisions, in the QCM Property which is an orogenic gold target located in the Manson-Germanson placer district. Kestrel has also earned a 100% interest, subject to a 2.5% NSR royalty with buydown provisions, in the KSD Property which is an orogenic gold target located in the Yukon portion of the Tintina Gold Belt. Kestrel is listed on the TSX Venture exchange under the symbol KGC. Readers are encouraged to refer to the Corporation's website " www.kestrelgold.com" for further information.

Forward-Looking Statements

The information and statements in this news release contain certain forward-looking information. This forward-looking information relates to future events or the Corporation's future performance including exploration activity that could take place on the Corporation's properties or projects. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. The Corporation's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Corporation undertakes no obligation to publicly update or revise any forward-looking information.

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 RELEASE.

For further information contact:

Pat Lynch, President and CEO
Office: (403) 660-3329
Email: pat@kestrelgold.com

SOURCE: Kestrel Gold Inc.