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News

Jun 13, 2007

Kermode Expands Road Zone Drilling With 300 Metre Move to the West

Kermode Resources is pleased to announce drill results from its ongoing drill program in Jackson's Arm, Newfoundland. In addition to drilling 4.7 metres of 4.10 gpt gold and
  1. 1.6 metres of 5.84 gpt gold in the Beaver Dam Zone, the southern most point of known mineralization encountered on the property to date, Kermode has encountered
  2. 28.5 metres of 0.93 gpt gold about 300 metres west of Kermode's previous closest Road Zone drilling.
Neil Briggs, President of Kermode, states, "The ongoing drill program in Jackson's Arm has generated intersections of very good grade gold in multiple areas of this large property. Today's results have indicated the large size of one of these zones which is now known to extend for almost 450 metres from holes 75, 76, 77, 78 and 79 to hole 94. This will now lead us to drill further within this area. In addition to having several highly prospective areas of interest on this property, Kermode is very well-funded to continue what thus far has been a very effective drill program."

Selected analytical results are given below:

Zone

Drillhole

From (Metres)

To (Metres)

Core Length (Metres)

Gold (g/t)

Beaver Dam

JA-07-83

81.0

82.0

1.0

1.00

 

 

99.5

107.0

7.5

0.95

 

JA-07-84

122.1

123.7

1.6

5.84

 

JA-07-85

203.0

209.1

6.1

1.40

 

JA-07-86

90.6

92.2

1.6

1.88

 

 

96.5

98.0

1.5

0.97

 

JA-07-87

58.2

60.0

1.8

1.60

 

 

71.0

80.0

9.0

0.82

 

 

88.3

91.5

3.2

1.66

 

JA-07-88

51.3

54.5

3.2

1.04

 

 

62.0

66.7

4.7

4.10

 

 

89.0

90.5

1.5

1.50

 

 

104.2

107.9

3.7

1.66

 

 

113.0

123.5

10.5

0.60

 

JA-07-89

177.5

179.7

2.2

1.17

 

JA-07-90

 

 

 

NSR

Incinerator Trail

JA-07-91

Abandoned in Overburden

NSR

 

JA-07-92

Did not Intersect Structure

NSR

Road Zone

JA-07-93

 

 

 

NSR

 

JA-07-94

6.5

35.0

28.5

0.93

 

JA-07-95

50.0

51.5

1.5

0.85

 

JA-07-96

23.0

24.5

1.5

0.76


Kermode is currently awaiting assay results from several holes drilled nearby the mineralization found in hole 94 and is continuing to drill in this portion of the property. Drill crews are on site and summer will allow easier access to other key target areas of the property which were more difficult to access through the winter season.

Kermode acknowledges the financial assistance provided by the Government of Newfoundland and Labrador's Junior Company Exploration Assistance Program. Proceeds of a flow-through financing by MineralFields Group of Toronto (www.mineralfields.com) are being used to fund this drill program.

Visit our website at www.kermode.com for more information.

ON BEHALF OF THE BOARD OF DIRECTORS

"D. Neil Briggs"

PRESIDENT and DIRECTOR

Consulting Geologist James Harris P.Geo, a Qualified Person under National Instrument 43-101 guidelines, is supervising the Jackson's Arm drilling program and has reviewed the technical information contained in this News Release on behalf of the Company. Petro Drilling Company Limited of Springdale, Newfoundland is conducting the drilling. Core samples were taken from drillcore which was descriptively logged on site, aligned, marked for sampling and then split in half, longitudinally, using a diamond saw blade. One half the core has been preserved in core boxes for future reference. The samples, comprising the other half of the drillcore were bagged, sealed and delivered directly to the analytical laboratory under the supervision of Mr. Harris. Samples were processed and analyzed at Eastern Analytical Ltd., an assay laboratory based in Springdale, Newfoundland. Samples were crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. This sample was then pulverized to 95% passing 150 mesh and analyzed for gold utilizing a half assay ton, fire assay technique plus ICP-11. As part of the quality control program being implemented, Eastern Analytical is sending a pulp of 1 in 10 samples to Acme Analytical Laboratories Ltd. of Vancouver BC, an ISO 9001:2000 accredited laboratory for ICPMS check analyses. Analytical pulps and rejects will be retrieved by Kermode and retained.

No Stock Exchange Has Approved or Disapproved The Information Contained Herein