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Kapuskasing Gold Corp.
Summary
| Project: | Lady Pond | |
|---|---|---|
| Deposit: | Sterling, Twin Pond | |
| Location: | Canada | |
| Commodities: | Copper | |
| Date: | 1/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2018: Kapuskasing Gold Corp. announces an Exploration/Drilling Update report for its Sterling, Twin Pond deposit at the Lady Pond project. Drilling results incl. 16.39m @ 0.69% Cu from 35.61m. January 11, 2018 – Kapuskasing Gold Corp. (TSX-V: KAP) (t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Garry Clark (Internal) | |
| ABSTRACT: | January 11, 2018 – Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces that it has intersected copper mineralization on its 100% owned Lady Pond VMS Property, located adjacent to the town of Springdale, Newfoundland. The initial Phase I drill program consisted of 780 metres of NQ drilling in 8 holes. The drill program was undertaken to confirm reported copper mineralization on the property associated with historic showings including the Twin Pond and Sterling Prospects. These Prospects occur along strike from one another and are separated by a distance of one kilometer. Drilling confirmed the presence of both narrow high grade and broad zones of copper mineralization with significant intervals of up to 5.69% Cu over 0.80 metres and 0.69% Cu over 16.39 metres. The Phase 1 drill program was the first significant drill program undertaken in the area since the late 1960’s and valuable new information was obtained about the historical drilling. Drilling at the Sterling Mine area encountered an approximate 5 foot void in KSP17-02 where a wooden pillar was intersected at 56 meters depth. Although the hole had to be abandoned and the results of the drilling not anticipated, it indicates that much more significant work was performed historically than is documented in the previous databases. In addition, the drilling program at Twin Pond was centered around the results from historical data gleaned from Government databases. It was not until hole KTP17-03 was collared that it became clear the historical holes were plotted approximately 50 meters away from their proper locations. Given this new information, the best grades noted historically were not duplicated during this drill program. | |
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