Killdeer Mobilizes Drill for Program on Gold Belt Property
October 28 2010 - 10:20AM
Marketwired
Killdeer Minerals Inc. (TSX VENTURE: KMI) ("Killdeer" or the
"Company") is pleased to announce that a diamond drilling program
has been initiated on the Company's Gold Belt property which covers
an area of 22,619 hectares in the La Ronge Greenstone Belt, located
approximately 70 kilometers north of the community of La Ronge in
north-central Saskatchewan. The La Ronge Greenstone Belt hosts gold
(Au) mineralization (and other minerals) occurring predominantly as
gold-bearing shear zones. Golden Band's Bingo property, contiguous
with the Gold Belt property to the northeast, is expected to begin
gold production in Q4, 2010.
Killdeer's helicopter-supported drill program will test 3
distinct areas, the Vidgy Lake showing, the Kwiatoski Lake area,
and the Triangle Lake area. Total meters to be drilled, by Kluane
Drilling of Whitehorse, Yukon, is expected to approximate 3000
m.
The Kwiatoski Lake showing, where historical exploration has
located several gold shear and quartz vein occurrences, was sampled
by Killdeer in 2009. Assays from 2 of these occurrences, the
Davidson and Charlie's Chance showing returned values of 516.6 g/t
Au and 93.4 g/t Au from the Davidson, and assays from the Charlie's
Chance occurrence ranged from 28.5 g/t Au to 185 g/t Au. Neither of
these occurrences has been previously drill tested.
The Vidgy Lake showing is a 1 to 2.5 m shear zone hosted quartz
vein from which historical work reported in excess of 100 g/t Au in
grab samples and 4.2 g/t Au over a 2 m sample width (see News
Release December 3, 2009).
The third diamond drill site, the Triangle Lake magmatic
copper-nickel (Cu-Ni) intrusion, forms part of the Bassett Lake
layered mafic to ultramafic intrusive complex associated with
massive to semi-massive magnetite and
pyrite-pyrrhotite-chalcopyrite-pentlandite mineralization. Drilling
is designed to test a highly anormolous 900 m by 60 m magnetic
anomaly. Historical exploration work returned trench samples
grading 0.82% copper, 0.21% nickel and 0.35% cobalt.
A subsequent historical diamond drill program, comprised of
three vertical holes drilled to a maximum depth of 80 m, ended in
ultramafic rocks. The hole may have ended at the transition betwen
mafic and ultramafic rocks (see News Release dated Dec 3, 2009),
and the present drill program will be designed to test the zone to
greater depth.
The technical information in this release was reviewed and
approved by Richard T. Walker, M. Sc., P. Geo., the Company's
Qualified Person as defined by National Instrument 43-101.
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. Michael Elson President, Chief
Executive Officer and Director (604) 685-6989 (604) 685-6961 (FAX)
www.killdeerminerals.com