October 19, 2012
A Thunder Bay-based junior mining company is finding more gold south of Dryden. Kesselrun Resources Ltd. said Thursday that assay results from an ongoing surface exploration program at its flagship Bluffpoint project continue "to exceed expectations."
"These new results confirm our hypothesis of a large gold mineralizing system with the potential to host a large tonnage granite hosted gold deposit," company president Michael Thompson said in a news release.
Kesselrun's Bluffpoint project consists of 103 mining claims covering 22,512 hectares about 80 kilometres northeast of Fort Frances.
The goal of the company's current surface exploration program is to follow up and expand on previous work by Homestake Canada Ltd. (now Barrick Gold Corp.) to better define drill targets for a diamond drilling program later this fall.
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