A. Kestrel Begins Geochemical Soil Surveys at the King Solomon
Dome Group of Properties, Yukon
The Corporation announces that the Corporation has begun a geochemical
soil survey on the 6,000 hectare King Solomon Dome group of properties.
The first phase of geochemical sampling is expected to comprise of over
5,000 auger-collected soil samples. This will be the first deep auger
sampling done on these properties, this technique has been credited with
many of the recent Yukon discoveries.
The survey is expected to provide near property-wide regional grid
coverage of the Gulf, Gold Run, Dominion and King Solomon Dome properties
and will be complimented by more closely spaced soil geochemical grids
over areas where gold mineralisation has been documented both historically
and more recently in past soil and rock geochemical sampling programs.
The Corporation intends to clearly define and extend localised
areas of high-grade gold mineralisation and identify new areas of interest
on a broader scale.
All four properties are situated on ridges comprised of mixed
intrusive-sedimentary sequences of the Yukon Tanana Terrane strata, which
strata has been cut by fracture-related quartz veins that Kestrel views as
being a potential source of the placer gold deposits that have been mined
for over one hundred years from creeks surrounding the properties, most
notably during the Klondike Gold Rush.
Fieldwork is to be supervised by Carl Schulze, P.Geo, of All-Terrane
Mineral Exploration Services, who are conducting the program for the
Corporation. Samples will be shipped for analysis to Eco Tech Laboratories
Ltd. in Whitehorse and Kamloops.
B. Kestrel Surrenders Toe Property
The Corporation announces that it has terminated the option agreement,
dated May 19, 2010 between BCGold Corp. as optionor and the
Corporation. As a result, the Corporation has surrendered all of its
interests in the mineral claims comprising the previously announced Toe
Properties and has no further or residual interest in such properties.
About Eco Tech Laboratory Ltd.
Eco Tech Laboratory Ltd. is registered for ISO 9001:2008 by KIWA
International (TGA-ZM-13-96-00) for the "provision of assay, geochemical
and environmental analytical services". Eco Tech also participates in
the annual Canadian Certified Reference Materials Project (CCRMP) and
Geostats Pty bi-annual round robin testing programs. The laboratory
operates an extensive quality control/quality assurance program, which
covers all stages of the analytical process from sample preparation
through to sample digestion and instrumental finish and reporting.
About Kestrel Gold Inc.
Kestrel Gold Inc. is a gold exploration company headquartered in
Canada. Its principal projects include the King Solomon Dome
properties in Canada's Yukon Territory and the Huachi and Antofalla
properties, in Argentina. Kestrel Gold (KGC) is listed on the TSX Venture
Exchange Inc.
Cautionary Statements
This news release contains "forward-looking statements" within the
meaning of applicable securities laws relating to certain explorations
activities. 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
related to sufficient financing and other resources to carry out planned
exploration programs. Actual results and developments may differ
materially from those contemplated by these statements depending on, among
other things, insufficient funds or other resources to carry out the
planned exploration programs. 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) their securities.
The TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release.