THUNDER BAY, ON,
Nov. 22, 2012 /CNW/ - Kesselrun
Resources Ltd. (TSXV:KES) ("Kesselrun") is pleased to announce that
a diamond drilling program has commenced at its flagship Bluffpoint
project in Northwestern
Ontario.
Michael Thompson, P. Geo.,
President & CEO of Kesselrun commented, "We are excited that
the first phase of drilling at Bluffpoint is underway. This program
is designed to test targets identified during the 2012 surface
exploration program."
The Company's summer 2012 surface exploration program along with
historic results from Homestake Canada Ltd. expanded the zone on
surface to 500-700 metres in strike length, 100 to 150 metres in
width and open in all directions (see the Company's September 10th, 2012 &
October 18th, 2012 news
releases).
The Bluffpoint project consists of 103 mining claims covering
22,512 hectares in Northwest
Ontario's Wabigoon Subprovince, host to several recent gold
discoveries such as Osisko's (TSX:OSK) Hammond Reef Project
and Rainy River's (TSX:RR) 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.,
President & CEO of Kesselrun, is the Qualified Person
responsible for the Bluffpoint project as defined by National
Instrument 43-101 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. For more
information about Kesselrun Resources, please visit
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.
SOURCE Kesselrun Resources Ltd.