Killdeer Minerals Inc. Expands Gold Belt Property
December 03 2009 - 2:20PM
Marketwired
Killdeer Minerals Inc. (TSX VENTURE: KMI) ("Killdeer" or the
"Company"), has acquired, by staking, two claims which cover an
area of 8,577 hectares which adjoin and expand the Company's Gold
Belt property in the La Ronge area of Saskatchewan (follow this
link to map: http://media3.marketwire.com/r/KMImap). Several
gold-bearing shear-hosted quartz veins occur on the original Gold
Belt claim and sampling by Killdeer confirmed high-grade gold
values from these occurrences (see Killdeer news release, November
12, 2009). The newly staked claims cover other, similar,
shear-hosted quartz vein occurrences. One of these, the Vidgy
showing, was tested by limited trenching and drilling by a previous
operator in 1988-89. Trenching exposed a 1 to 2.5 meter wide shear
zone.
Grab samples from the trenched exposure returned values
including: 72.0 grams per tonne gold (2.10 ounces per ton), 38.7
grams per tonne gold (1.13 ounces per ton), 29.2 grams per tonne
gold (0.85 ounces per ton), and greater than 100 grams per tonne
gold (greater than 2.9 ounces per ton). Representative chip samples
from trenching graded: 9.2 grams per tonne gold (0.27 ounces per
ton gold) over 2.0 meters, 4.8 grams per tonne gold (0.14 ounces
per ton gold) over 2.7 meters, 6.2 grams per tonne gold (0.18
ounces per ton gold) over 2.5 meters.
Visible gold was reported in almost all sections sampled and
some elevated gold values were also returned from drilling.
In addition to the gold potential, the Gold Belt property is
prospective for magmatic copper-nickel-PGE (platinum-group)
mineralization. MacDonald Mines Exploration Ltd. is actively
exploring for this style of mineralization on the Nielsen-Chisholm
property, 4 kilometres to the southwest of the Gold Belt property
(see MacDonald Mines news release, September 9, 2009). Killdeer's
newly staked claims cover the Triangle Lake magmatic Cu-Ni
occurrence, within the layered Bassett Lake ultramafic complex.
Exploration at the Triangle Lake showing in the 1950s and 1960s
exposed zones of massive to semi-massive magnetite and
pyrite-pyrrhotite-chalcopyrite-pentlandite. Grab samples from
trenches returned results of 0.82% copper, 0.21% nickel and 0.35%
cobalt and limited "definition drilling" outlined a 900 meter long
by 60 meter wide by 150 meter deep historic resource of 27 million
tonnes grading 20% iron. This historical resource estimate was
prepared prior to the implementation of National Instrument 43-101
- Standards of Disclosure for Mineral Projects. Killdeer has not
conducted any work to verify the historical resource estimate at
the Triangle Lake showing, nor is the Company aware of any more
recent resource estimate or data for the Triangle Lake showing
which does conform to the standards of NI 43-101. Killdeer does not
consider the historical estimate to be a current mineral resource
and cautions readers that it should not be relied upon.
Killdeer has not completed any work or independent sampling on
the newly staked Gold Belt claims. All of the analytical results
described in this release are historic results from work by
previous operators which have not been verified by Killdeer and
which the Company considers valid only as an indication of
potential targets that should be assessed. Killdeer is presently
compiling the results of the previous work on the Gold Belt
property in order to plan further exploration on the claims.
Linda Caron, M.Sc., P.Eng. is the qualified person under NI
43-101 who has reviewed and approved the technical content of this
news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Elson, President, Chief Executive Officer and
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Killdeer Minerals Inc. Stan Szary Director (604)
685-6989 (604) 685-6961 (FAX) www.killdeerminerals.com