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Kettle River Resources Ltd

Publié le 21 février 2008

Kettle River News

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Mots clés associés :   Canada |

News Release

 

KETTLE RIVER RECEIVES MINNIE MOORE DRILL RESULTS,

PLANS 2008 DRILL PROGRAM

 

 February 20, 2008:  Kettle River Resources Ltd. (�the Company�) is pleased to announce that bids have been received for a minimum 4000 meter diamond drill program on the Greenwood area properties in southern B.C. and that a signed drill contract will be in place shortly.  Drilling will begin in May, 2008 and will test the Minnie Moore and Battle zones.  Lengthy delays in obtaining analytical results during 2007 hampered the Company�s exploration efforts and planning.  An arrangement has been made with a different ISO 9001 certified analytical laboratory for 2008, which the Company believes will result in more timely receipt of sample results.

 

The Company has received the results from the 10 hole, 1485 meter diamond drill program at the Minnie Moore zone, completed during the fall of 2007.   Several zones of silicification, quartz-carbonate veining and argillic or advanced argillic alteration were intersected in the drilling.  Analytical results failed to return values of similar silver and gold tenor to those from trenching.  The best result, in hole MM07-5, was a 2 meter interval which returned 66.0 g/t Ag (1.9 oz/t Ag) and 0.2 g/t Au (0.005 oz/t Au).

 

Surface vein exposures, trace element geochemistry, and strength and extent of alteration seen in drill core, all suggest that the Minnie Moore vein is part of a large epithermal system.  Drilling beneath the trenched vein exposures showed that the vein is cut-off at a depth of less than 10 meters below surface by a 50 meter thick post-mineral sill.  Drilling tested for the vein beneath the sill, over a strike length of less than 100 meters to the north only from the trenches.  Deeper drilling is required to test for the vein at depth beneath the sill, under the Trench1/3 and Trench 2 exposures.  Drilling is similarly required to test for the vein to the south of the trenched exposures. Recently received results from a fall 2007 soil geochemical survey (see KRR news release, Feb 19, 2007) also show several targets for drill testing to the south of the trenches, as well as further north.    

 

A total of 380 drill core samples were collected during the fall 2007 diamond drill program.  Samples were shipped to Acme Analytical Labs in Vancouver for analysis for a gold and multi-element ICP-MS package (Acme Group 1FMS).  Sample intervals were determined by mineralization and geology, but generally ranged from 1.0 to 3.0 meters.   Core was sawn, with half-core samples submitted for analysis.  Quality control measures, including company-inserted standards and blanks, were implemented in the program.  

 

Diamond drilling will commence early in 2008 at the Battle zone, approximately 7 kilometers to the southwest of the Minnie Moore showing.  The Battle zone is a new discovery resulting from the company�s 2007 work program.  The company had originally planned to drill-test the Battle zone during 2007.  Road and drill site construction was completed, however due to drill availability the program could not be carried out before snow conditions made it impractical, given the steep topography. 

 

As previously reported (KRR news releases - July 24, 2007, October 29, 2007) and shown below, significant gold values were returned from rock sampling at the Battle zone during the 2007 prospecting and geological mapping program. 

 

Sample

Au g/t

Au oz/t

40198

8.13

0.24

40370

14.33

0.42

40380

190.30

5.56

40381

16.57

0.48

40402

5.13

0.15

40403

14.97

0.44

40789

6.67

0.19

 

All rock samples from the Battle zone to date have been select grab samples, analysed at Assayers Canada in Vancouver for gold by fire assay/AA finish.   Mineralization occurs as stockworking pyrite-quartz veinlets and as semi-massive pyrite-quartz shear zones, hosted within Triassic Brooklyn sharpstone conglomerate (host rocks at the Phoenix deposit).  Mineralization has been found in outcrop, subcrop and in shallow historic exploration pits, intermittently over an area of 250 metres by 850 metres, approximately 800 metres south of the former Phoenix mine. Soil geochemistry in this area shows a large area of anomalous gold plus/minus arsenic in soils.  During 1991, a single drill hole by Battle Mountain (Canada) Inc. was drilled to test a small portion of the Battle zone.  This hole intersected several zones of elevated gold, including 14.7 g/t Au (0.43 oz/t Au) over 0.4 meters, 8.54 g/t Au (0.25 oz/t Au) over 0.7 meters, 3.63 g/t Au (0.11 oz/t Au) over 0.7 meters and 3.36 g/t Au (0.10 oz/t Au) over 1.0 meter.   Apart from this single 1991 drill hole, the Battle zone is untested by drilling.   The steep topography of the site makes it unsuitable for trenching.

 

Linda Caron, M.Sc., P.Eng. is the Qualified Person under NI 43-101 who supervised the 2007 drill program and who has reviewed and approved the technical content of this news release.

 

Contact Larry Widmer (250) 878 5099 or Ellen Clements 1-800 856 3966

  

On Behalf of the Board,

 

�Signed�

 

Ellen Clements, Director

President & CEO

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Kettle River Resources Ltd

EXPLORATEUR
CODE : KRR.V
ISIN : CA4927051082
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Kettle est une société basée au Canada.

Kettle détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont TAM O'SHANTER, BLUEBELL (ORO DENERO), RAINBOW JV et GREENWOOD AREA au Canada.

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Projets de Kettle River Resources Ltd
10/09/2008(Greenwood Area)Final Drill Results from Greenwood Area properties
23/08/2008(Greenwood Area)Drill program results for Greenwood Area Properties
18/07/2008(Arcadia (skylark))News Release
Communiqués de Presse de Kettle River Resources Ltd
05/11/2015IIROC Trading Halt - KRR; EMT
21/07/2015New Nadina Explorations Limited to Acquire Kettle River Reso...
25/06/2008DO-27 DIAMOND PROJECT INDICATED MINERAL RESOURCE
07/05/2008Work starts on Greenwood Area Properties
21/02/2008Kettle River News
19/02/2008RECEIVES SOIL SAMPLE RESULTS AND ADDITIONAL TRENCH ASSAYS
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