Kesselrun Resources Commences Summer 2012 Exploration Program at Bluffpoint
July 30 2012 - 6:45AM
PR Newswire (Canada)
THUNDER BAY, ON, Aug. 1, 2012 /CNW/ - Kesselrun Resources Ltd. (the
"Company" or "Kesselrun"), is pleased to announce that it has
commenced an exploration program at its Bluffpoint project
("Bluffpoint") located in Northwest Ontario. The goal of the
exploration program is to follow up and expand on previous work to
better define drill targets for a forthcoming drilling program this
fall. Previous work by Homestake Canada Ltd. (now Barrick Gold
Corporation) recognized the potential for the Bluffpoint project to
host a large tonnage, low grade granite hosted gold deposit.
Michael Thompson, P.Geo., President & CEO of Kesselrun stated,
"We are very excited at the potential the Bluffpoint project holds
and are looking forward to advancing the project to the drill ready
stage." Kesselrun's flagship Bluffpoint project consists of 56
mining claims covering 11,408 hectares in Northwest Ontario's
Wabigoon Subprovince, host to several recent gold discoveries such
as Osisko's Hammond Reef Project and the Rainy River's Rainy River
Project . Accessible year round by a network of well-maintained
logging roads, Bluffpoint offers low cost exploration in an
emerging prolific gold district. Michael Thompson, P.Geo.,
Kesselrun's President & CEO, is the Qualified Person
responsible for the Bluffpoint project and has approved the
technical information in this news release. About Kesselrun
Resources Ltd. Kesselrun Resources is a newly formed Thunder Bay,
Ontario-based mineral exploration company focused on growth through
property acquisitions and discoveries. Kesselrun's management team
possesses strong geological and exploration expertise -- with
particular experience in Northwest Ontario -- as well as
significant capital markets and business know-how. For more
information about Kesselrun Resources, please visit our website at
www.kesselrunresources.com. Forward Looking Statements This release
includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address events or
developments that the Company expects to occur, including without
limitation, the private placement, are forward looking statements.
Forward looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"expects", "plans", "could" or "should" occur. Although the Company
believes the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results may differ
materially from those in forward looking statements. Factors that
may cause the actual results to differ materially from those in
forward-looking statements include gold prices, results of
exploration and development activities, regulatory changes, defects
in title, availability of materials and equipment, timeliness of
government approvals, continued availability of capital and
financing and general economic, market or business conditions. The
Company cautions the foregoing list of important factors is not
exhaustive. Investors and others who base themselves on the
Company's forward-looking statements should carefully consider the
above factors as well as the uncertainties they represent and the
risk they entail. The Company believes that the expectations
reflected in those forward-looking statements are reasonable, but
no assurance can be given that these expectations will prove to be
correct. Please see the public filings of the Company at
www.sedar.com. 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. Kesselrun Resources Ltd. CONTACT:
Contacts:Michael Thompson, P.Geo., President &
CEO807.285.3323Adam Rabiner, Corporate
Communications604.868.7881information@kesselrunresources.com
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