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TSXV:KMI | TSX Venture | Common Stock |
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Drilling at the Kwiatkoski Lake showing tested two areas, the Davidson Showing and Granite Hill. Drill holes D10-1 to 5 were drilled from two pads located northwest of Kwiatkoski Lake. Holes D10-01 to 03 were drilled proximal to the outcrop from which earlier surface sampling returned values of 516.6 g/t Au and 93.4 g/t Au. All holes were drilled at an azimuth of 155 degrees, with hole 01 at an inclination of -45 degrees to 103 m, hole 02 at -60 degrees to 119 m and hole 03 at -75 degrees to 154 m. The second pad was located approximately 170 m to the west-southwest along Kwiatkoski Lake. Hole D10-04 was drilled at an inclination of -45 degrees to a depth of 143 m and hole 05 at -60 degrees to 140 m.
Results for the holes are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm) D10-01 52.00 53.15 1.15 3.0 495.1 70.6 12.3 170 53.15 54.29 1.14 20.5 11760.0 119.1 27.3 1689 54.29 54.51 0.22 5.1 498.8 46.1 154.2 2500 54.51 55.20 0.69 5.6 559.1 43.9 160.2 3546 55.20 55.60 0.40 2.0 232.7 24.9 12.1 92 55.60 56.14 0.54 27.1 18380.0 129.4 18.2 3387 D10-02 39.14 40.05 0.91 0.4 3493.3 10.4 0.8 35 42.55 43.22 0.67 0.3 421.7 31.7 0.8 16 53.86 55.03 1.17 1.5 351.7 27.4 1.4 40 81.90 83.13 1.23 0.1 2431.1 5.6 3.3 15 109.44 109.66 0.22 0.2 207.3 113.3 0.7 10 D10-5 59.55 60.52 0.97 0.3 212.2 31.3 38.7 128
Note: The interval between 52.00 and 56.14 returned a weighted average of 11.41 g/t Ag and 5.92 g/t Au over 4.14 m.
Two holes, GH10-01 and 02, were drilled northwest of Kwiatkoski Lake on the Granite Hill exposure. Both holes were drilled from the same pad at an azimuth of 008 degrees. Hole GH10-01 was drilled at an inclination of -45 degrees to a depth of 85 m and hole 02 at -70 degrees to a depth of 76 m.
Results for the hol GH10-01s are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm) GH10-01 36.58 39 2.42 0.4 3996.9 15.1 1.5 30
Drill hole GH10-02 did not return any significant results.
Holes VG10-01 to 05 were drilled north of Vidgey Lake at an azimuth of 45 degrees to test a 1 to 2.5 m shear hosted quartz vein along strike. Holes VG10-01 and 02 were drilled from the same pad, with Hole 01 (168 m) drilled at an inclination of -45 degrees and Hole 02 (145 m) at an inclination of -60 degrees. Holes VG10-03 (142 m) and 04 (125 m) were drilled from a single pad located 29 m southeast of pad 1. Hole VG10-03 was drilled at an inclination of -45 degrees and hole 04 at an inclination of -60 degrees. Hole VG10-05 was drilled from a pad 56 m northwest of pad one at an inclination of -50 degrees to a depth of 215 m. Hole VG10-06 was drilled from a pad located 104 m west-southwest of pad one at an azimuth of 090 degrees and an inclination of -55 degrees to a depth of 169 m.
Results for the holes are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm) VG10-01 68.68 68.75 0.17 1.4 45 5080 less 64 than 3 66.68 68.17 1.49 greater 300 6177 greater 5333 than 100 than 10000 VG10-03 76.66 76.96 0.30 0.8 395 5 29 less than 5 126.19 127.56 1.37 0.8 330 407 6 460 127.56 128.63 1.07 0.7 300 1453 5 198 VG10-04 10.67 11.89 1.22 0.2 637.3 19 0.9 33 18.52 19.28 0.76 0.7 310 32.6 4.4 72 43.59 44.58 0.99 1.6 586.5 39.9 4.7 70 44.58 45.72 1.14 0.9 201.6 119.1 3.3 98 100.86 101.50 0.64 1.6 71.0 1752.5 1.4 79 VG10-05 106.53 107.09 0.56 0.4 1000 56 less 34 than 3 VG10-06 127.28 128.02 0.74 1.8 488 2750 4.7 44
Drilling at Triangle Lake tested an interpreted copper-nickel+/-platinum group element (Cu-Ni+/-PGE) mafic to ultramafic intrusion, part of the Bassett Lake layered mafic to ultramafic intrusive complex. Hole TL10-01 was drilled east of the northern end of Triangle Lake at an azimuth of 234 degrees and an inclination of -45 degrees to a depth of 221 m to test the core of a strong magnetic anomaly. TL10-02 was drilled approximately 570 m south-southeast of TL10-01, south of the southern end of the lake at an azimuth of 222 degrees and an inclination of -55 degrees to a depth of 213 m. Neither hole returned any significant analytical results.
A total of 434 samples were submitted to TSL Laboratories Inc. in Saskatoon, Saskatchewan.
The Gold Belt property covers an area of 22,619 hectares in the La Ronge Greenstone Belt., located approximately 70 kilometers north of the community of La Ronge in north-central Saskatchewan. The La Ronge Greenstone Belt hosts gold (Au) mineralization (and other minerals) occurring predominantly as gold-bearing shear zones.
The technical information in this release was reviewed and approved by Richard T. Walker, B.Sc., M. Sc., P. Geo., the Company's Qualified Person as defined by National Instrument 43-101.
The Company also announces the resignation of Mike Elson as President & CEO of Killdeer and the appointment of Stan Szary as interim President & CEO. Mr. Elson will remain a Director of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
Stan Szary, President, Chief Executive Officer and Director
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 news release.
Contacts: Killdeer Minerals Inc. Stan Szary President, Chief Executive Officer and Director (604) 685-6989 (604) 685-6961 (FAX) www.killdeerminerals.com
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