Jun 12 2015
Kapuskasing Gold Corp. reports that further prospecting and sampling this spring, has identified the first priority target at Rollo, sampling up to 11.5 g/t gold at the Hanson Lake gold showing, the first of 3 Quartz Feldspar Porphyries (QFPs) identified and sampled late last year.
A saw-cut channel sampling program will be initiated immediately to further detail the high-grade gold zone encountered with a drill program to follow upon completion.
The Company also reports that the May program at Borden North, a continuation of last year's prospecting program, yielded several samples of anomalous gold up to 102 ppb gold, tracing the interpreted "S" fold feature over several kilometers prompting KAP to initiate the planned airborne electro magnetic survey over this mineralized zone as soon as possible in order to further define this gold target.
Garry Clark, KAP's exploration manager comments: "We are excited to be active and able to advance multiple, under-explored properties in short periods of time. We are looking forward to following up right away on the sampling at Borden North having results that are similar to Mike Tremblay's initial prospecting at Goldcorp's (previously Probe Mines) Borden Lake discovery."
Garry Clark adds, "We are also going to detail channel sample the Hanson QFP gold showing with a view to drill test this high-grade mineralization right away at Rollo. In addition to these two projects we will be working on the other gold showings on Rollo and initiating work on several of our other properties in the area. We have lots of activity planned for the next several months and beyond."
May 2015 Results Rollo
KAP Advisors Mike Tremblay and Bob Duess collected 6 grab samples at the Hanson Showing QFP during a recent visit to Rollo confirming the presence of gold with assays of 11.5 g/t and 8.75 g/t in quartz pyrite veins on the contact of the syenite porphyry. The syenite intrusive itself contains 2-3% pyrite and assayed up to 1.03 g/t gold.
May 2015 Results Borden North
At Borden North, Mike Tremblay conducted a 10-day follow-up of last fall's prospecting program on the property resulting in 76 samples being sent for assay. Sample selection was based on visual determination of gossan, sulfides and quartz veining. Using a sample level of >29 ppb gold, 6 samples were anomalous. Three samples from the gossan zone (area of 200 ppb gold sample) located prior to last fall's snow returned 102, 47 and 30 ppb gold. Using the limited historic magnetic data a magnetic high associated with the interpreted folding returned 91, 81 and 36 ppb gold. Results warrant the go ahead of the planned airborne magnetic and electromagnetic surveys to define stratigraphy and gold targets.