THUNDER BAY - Kesselrun Resources Ltd. (TSXV: KES; OTCPK: KSSRF) ('Kesselrun' or the 'Company') is pleased to announce the initiation of an airborne geophysical survey over a majority of the Huronian Gold Project.
NUVIA Dynamics Inc. ('Nuvia') has been contracted to acquire and process the data from a 372-kilometre NuTEM Electromagnetics ('NuTEM') and Total Field Magnetic Intensity ('TMI') heli-borne survey.
TechnoImaging, LLC ('TechnoImaging') will then invert the data with its proprietary GlassEarth 3D imaging technology to produce 3D subsurface voxel models of the survey area. By integrating the 3D inverted data with geology, known mineral occurrences and drill hole information, an inventory of new targets for drill testing will be generated.
Michael Thompson, P.Geo., President and CEO of the Company, commented, 'The combination of the NuTEM and TMI survey will be instrumental in both our targeting on strike from the Huronian Mine area as well as the Moss Southwest target area which lies on strike for Goldshore's Moss Lake deposit. Goldshore completed a similar survey, the data of which was also inverted in 3D by TechnoImaging, contributing to its ongoing exploration success.'
Mr. Thompson remarked further, 'Better understanding of the structural controls on gold mineralization in known areas and recognizing similar structures elsewhere will be key to unlocking the tremendous potential of the Huronian Gold Project.'
2022 Huronian Exploration Program
The 2022 Huronian exploration program will consist of drilling as well as geophysics over selected target areas. Drilling will be targeting the Fisher, Fisher North, McKellar and Huronian zones, all in close proximity along an approximate 1500 m strike length in the area of the historic Huronian Mine. As well, the geology on strike to the southwest of Goldshore Resources' Moss Lake deposit will be targeted.
About the Huronian Gold Project
The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources is not treating this as a current mineral resource but is considering it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources.
As well, the Huronian Gold Project hosts the same lithological package of rocks, as interpreted from both Government of Ontario and Kesselrun Resources mapping, compilation and modelling, on strike from the adjacent Moss Lake Gold Deposit with an historic resource estimate of 1,377,300 oz Au at an average grade of 1.1 g/t Au in the indicated category and 1,751,600 oz Au at an average grade of 1.1 g/t Au in the inferred category as outlined in Wesdome Gold Mines' 2013 PEA (3) (4). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Kesselrun Resources' property.
Moss Lake Gold Mines (a subsidiary of Wesdome Gold Mines at the time) news releases February 20, 2013 and September 9, 2013.
On January 26, 2021, Wesdome Gold Mines announced that the Moss Lake Project would be purchased by Goldshore Resources Inc.
About TechnoImaging, LLC
TechnoImaging develops and provides 3D imaging solutions for all land, air, marine, borehole electromagnetic and potential field geophysical methods for mineral, geothermal, oil and gas exploration and production, carbon capture and storage, environmental monitoring, security and defense applications.
TechnoImaging invests in research and development in order to deliver the most advanced and comprehensive 3D imaging solutions to all subsurface geophysics' problems.
About NUVIA Dynamics Inc.
NUVIA Dynamics Inc. is a leader in airborne geophysical surveying as well as in the design and manufacturing of turnkey Geophysical and Radiation Monitoring Instrumentation and Software for precision airborne and / or surface magnetic, electromagnetic, and radiation data acquisition programs.
The company's Geophysical Services division offers a new level of innovation through the NuTEM helicopter electromagnetic system as well as NUVIA Dynamics' well known Radiometrics and Magnetic systems. Surveys have been performed at industry-standard test site facilities as well as on surveys for major mining companies.
About Kesselrun Resources Ltd.
Kesselrun Resources is a 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 in Northwest Ontario.
Contact:
Michael Thompson
Tel: 807.285.3323
Email: michaelt@kesselrunresources.com
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Kesselrun, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the execution of definitive documentation, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
KESSELRUN RESOURCES LTD. 
