Dec 05, 2003
Kermode Defines Anomalies - Drilling to Start at Jackson's Arm
Kermode Resources is well financed and will be commencing an extensive drill program at its Jackson's Arm, Newfoundland property within the next two weeks.
Kermode has now received all results from its follow up geochemical sampling program for soil samples on 15 grids covering 23 anomalous samples selected from Kermode's regional geochemical program completed earlier this year. A total of 938 soil samples were taken and 44 of these (5%) contain anomalous gold with values ranging from 10.1 to 1,380.4 ppb gold (the equivalent of 1.38 g/t gold). Significant anomalous values were also present in Carlin style pathfinder elements such as arsenic. The detailed soil surveys were carried out at 25 m intervals on lines 100m apart. Well-defined multi-station gold and arsenic anomalies were located on a number of these grids.
Kermode's drill program will test a variety of targets including newly defined gold and arsenic soil geochemical anomalies. Targets have also been selected to test new theories regarding the controls and distribution of known gold mineralization in both sediments and granites. The enlargement and extension of the previously known partially explored gold mineralization in granites will be undertaken in follow up drill programs.
Kermode's Jackson's Arm property was last explored in the late 1980's and very early 1990's by BP-Selco who drilled a total of 63 holes in four separate but probably related gold-bearing zones. BP-Selco encountered wide intersections containing gold over a strike length in excess of 4 kilometres.
Kermode's Jackson's Arm property extends for a strike length of 17 kms covering sediments and granites adjacent to the Doucers' Valley Fault, a major regional structure that is interpreted to have been the focus of large-scale mineralizing systems The total project consists of 172 contiguous claims covering 4,300 ha.
Kermode's program is targeted at the discovery of economic Carlin-type gold mineralization.
ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
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