Sep 17, 2003
More Gold for Kermode at Jackson's Arm
Kermode Resources Ltd. has received the results of its regional soil sampling at Jackson's Arm, Newfoundland. These results comprise a portion of Kermode's continuing field program at Jackson's Arm seeking Carlin-type gold mineralization. Results of rock and stream sediment sampling are not yet fully available.
Kermode intends to complete final detailed prospecting and geochemical sampling in preparation for an extensive fall drill program. To date, the fieldwork at Kermode's Jackson's Arm property has successfully outlined new indications of gold in several geological environments. Kermode's continuing fieldwork includes detailed prospecting and geochemical sampling. Targets are now being selected for diamond drilling planned for this fall.
Kermode has covered the bulk of the Jackson's Arm property with a soil sampling program. "B" horizon soil samples were taken at about 250 m intervals on lines about 500 m apart. A total of 176 samples were taken and 12 of these (7%) contained significantly anomalous gold with values ranging from 10.4 ppb to 1,032.3 ppb gold (the equivalent of 1 g/t gold). Significant anomalies were also noted in pathfinder elements such as antimony and arsenic. The gold in soil anomalies tend to be grouped in clusters, often near to previously reported gold in till anomalies.
These results give strong support to Kermode's exploration model for the occurrence of Carlin-type mineralization at Jackson's Arm. Experts such as Dr. Greg Arehart from the Department of Geological Sciences, University of Nevada-Reno and Dr. Derek H. C. Wilton a professor in the Department of Earth Sciences, Memorial University of Newfoundland, have confirmed Kermode's view of the potential of the Jackson's Arm property to host Carlin type gold mineralization.
Kermode's Jackson's Arm property has had 63 drillholes totalling 8,752 meters drilled by a former owner. This drilling was not aimed at a Carlin type target, in fact the possibility of this type of target at Jackson's Arm was not even recognised at that time. The drilling was concentrated in a 3 to 4 square kilometre portion of the 37 square kilometre property with the balance of the property relatively unexplored.
The property now consists of 149 contiguous claims covering 3,725 hectares of highly favourable geology; high gold, arsenic and antimony values in till; soil; and extensive known bedrock gold mineralization.
ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"