Dec 16, 2003
Jackson's Arm Drilling Begins
Kermode Resources is pleased to announce the initiation of an extensive drill program at its Jackson's Arm, Newfoundland property. Kermode's 1,100 metre phase 1 drill program will test gold indications in sedimentary rocks first discovered by a BP-Selco in 1990 during their last exploration program before they left the mineral exploration business. No drilling has been carried out on the property since 1990.
Additional phases of Kermode's drill program will test a variety of targets including newly defined gold and arsenic soil geochemical anomalies in a Carlin-type setting. Other targets have 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 further 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's drilling intersected gold over a strike length in excess of 4 kilometres.
Kermode's Jackson's Arm property extends for a strike length of 17 kilometres 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 hectares.
Kermode's program is targeted at the discovery of economic Carlin-type gold mineralization.
ON BEHALF OF THE BOARD OF DIRECTORS
"D. Neil Briggs"
No Stock Exchange Has Approved or Disapproved The Information Contained Herein