Kestrel Gold Inc (CVE:KGC)

Kestrel Gold Inc (CVE:KGC)


Share Price
$ 0.02
Change
0.0025 (14.29 %)
Market Cap
$1.23 m
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Kestrel Gold Inc

Kestrel Gold Inc. is a gold exploration company with projects in the Yukon and British Columbia, mostly accessible by road and near existing/planned infrastructure.  Major gold producers have recently made large investments in junior explorers with operations in this region, and Kestrel has projects in two of its most prolific districts: the Tintina Belt and Golden Triangle.

EPIC: KGC
Market: TSX-V:KGC
52-week High/Low: C$0.04 / C$0.01
Sector: Gold Mining
Market Cap: $1.23 m
Website: www.kestrelgold.com
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Kestrel Gold Inc Snapshot

Kestrel Gold’s strategy for growth and shareholder value is to define, acquire and systematically explore quality projects where sound geological models exist that suggest there is excellent potential for sizeable mineral exploration targets.  

These projects will typically have near surface mineralization with good, recoverable metal grades and be located in easily accessible, politically stable regions of the world and importantly, be cost-effective for exploration.

The increased 2017 portfolio of Yukon and British Columbia projects puts Kestrel in a position to explore in several regional areas where large gold and copper deposits have already been found. This coupled with the variety of target models, gives Kestrel the realistic objective that significant new discoveries could be realized.  Our focus is on DISCOVERY.

 

 

 

 

KING SOLOMON PROJECT

The King Solomon Dome is a topographical high point (1230m) in the Dawson Mining District in the Yukon Territory of Canada. It is a prominent feature on ridges long rumored to be the source of the gold that sparked the Klondike Gold Rush in the late 1890's. Early maps of the Klondike Gold Fields, such as the one shown below depict the major gold discoveries (shown in red) in creeks draining directly off the 'Dome'.

LOCATION OF KSD WITHIN THE KLONDIKE PLACER GOLD FIELDS

Kestrel's 100% owned King Solomon Dome project is located in a key location in relation to the original discoveries, notably those by George Carmack, Skookum Jim Mason and Robert Henderson, considered the co-discoverers of what turned out to be one of the most significant gold rushes in history.

The King Solomon Dome (KSD) property is only a 30 minute drive from Dawson City. Exploration costs are accordingly far below most typical Yukon exploration projects requiring air support.

Importantly, Kestrel's King Solomon Dome property is at the hub of a radial pattern of the rich placer gold creeks of the Klondike Gold Fields that are still being mined today, and indeed, as some of the best gold producers in North America.

The 'mother lode' source of the Klondike Gold Fields, has to date never been found, but the drainage pattern alone suggests a localized concentration of bedrock gold and silver.

KEY FEATURES OF SIGNIFICANCE

Kestrel's King Solomon Dome (KSD) property features en echelon NNW trending structures with associated high grade (multi-gram) gold and silver. Bulk samples taken in Klondike Schist at the King Solomon Dome property obtained by previous operators have returned up to 4 g/t gold near surface in areas surrounding the Dome.

The properties all exhibit strong soil anomalies in gold and associated path finder elements. The main gold soil anomaly at the KSD property is particularly large with the main anomaly being 1.6km x 1km (using a threshold level of 30 ppb Au). A corresponding zonation of silver, arsenic, lead copper and zinc anomalies occur within and around the main gold bearing zone. Gold soil anomalies are present and open over a 3.5 km strike length of the KSD property.

Gold - silver vein systems (Sheba, Sheba East, Mitchell and Orekon) can be traced for several hundred metres and cut through the relatively flat lying and also folded Klondike Schists along moderately to steeply dipping (D4) fractures.

Kestrel's trenching program at KSD within Klondike Schist host rocks, defined a strike length of the gold bearing quartz vein system over 2.6 km long and at least 0.4 km wide containing values up to 17 g/t Au and several values of silver greater than 50 g/t. Altered pyritic-sericitic wall rocks of Klondike Schist also contain good gold values up to several metres from the main veins. The vein system is open along strike.

Kestrel's 2011 geophysical survey identified a large IP chargeability anomaly over a distance of 1.2 km parallel to the main Sheba and Mitchell gold bearing vein systems. The anomaly defined by this survey is open along strike and deepens at depth to the east.

Kestrel's follow-up 2012 geophysical survey identified large IP chargeability anomalies to depths around 350 metres below the topography and extending over a width of over 1 km to beyond the Orekon vein system to the east of the Dome.  The geophysical and geochemical anomalies at KSD are open to depth and along strike.

Several drill targets have been identified at KSD and Kestrel Gold (with Rackla Metals) conducted a modest preliminary drill program in September 2013 on a portion of the Sheba and Sheba East Veins totaling 1200 metres with values of up to 4.89 g/t Au and 45.6 g/t Ag returned from the program.

Several existing and new zones on the property outlined by Kestrel Gold require further exploration.

 

For more information, please click here

BOARD OF DIRECTORS

Kevin V. Nephin, Director, President, CEO 

Kevin V. Nephin has worked in the investment industry for more than 25 years. His experience includes 13 years as an Investment Advisor, primarily focused on mining and exploration companies. Mr. Nephin was previously a director and officer of Parklane Mines and Minerals Inc. and Micrologix Biotech Inc.

 

Rob Solinger, Director

Mr. Solinger is a Chartered Accountant with over 30 years of finance experience in a variety of industries including oil and gas, technology and financial services. He currently consults to a number of public and private companies. In the past Mr. Solinger has served as the CFO for a number of public companies including Ironhorse Oil & Gas, Defiant Resources and Truax Resources his skills include strategic planning, finance, accounting, acquisitions and divestitures.

Scott Kellaway, Director  

Mr. Scott Kellaway is currently the President and CEO of Family Memorials Inc. which trades on the TSX Venture exchange and has been for 13 years. He has extensive experience in business management and fund raising for venture companies.

 

MANAGEMENT

Kevin V. Nephin, Director, President, CEO 

Kevin V. Nephin has worked in the investment industry for more than 25 years. His experience includes 13 years as an Investment Advisor, primarily focused on mining and exploration companies. Mr. Nephin was previously a director and officer of Parklane Mines and Minerals Inc. and Micrologix Biotech Inc. 

Rob Solinger, Director

Mr. Solinger is a Chartered Accountant with over 30 years of finance experience in a variety of industries including oil and gas, technology and financial services. He currently consults to a number of public and private companies. In the past Mr. Solinger has served as the CFO for a number of public companies including Ironhorse Oil & Gas, Defiant Resources and Truax Resources his skills include strategic planning, finance, accounting, acquisitions and divestitures.

Debbie Fern, CIM, Corporate Secretary  

Ms. Fern, received her Bachelor of Commerce degree from the University of Calgary in 1979. She has been with PROACT Chartered Accountants since 1984 in various capacities. She is currently the Office Manager and is an integral part of the management of PROACT Chartered Accountants.

William Taylor, M.Sc, P.Geo, FGS, Consulting Vice President of Exploration, Qualified Person   

William Taylor has worked as a geoscientist since 1984, employed with major mining and engineering companies,  a government mine department and has consulted for a number of junior exploration mining companies.

 

Head Office:

# 208, 110 12th Avenue S.W.
Calgary , AB T2G OR7

Mailing Address:

# 208, 110 12th Avenue S.W.
Calgary , AB T2G OR7

Contact Name: Kevin Nephin
Business email Address: [email protected]
Telephone Number: 604-824-6056

Auditor: Smythe Ratcliffe, Chartered Accountants

Transfer Agent: Computershare Trust Company of Canada

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