Killdeer Announces Results From Drill Program on Gold Belt Property
May 04 2011 - 1:06PM
Marketwired
Killdeer Minerals Inc. (TSX VENTURE: KMI) ("Killdeer" or the
"Company") wishes to announce results from the 2010 diamond
drilling program on the Company's Gold Belt property. A total of 15
holes were completed, totalling approximately 2,217 metres, from 9
drill pads on the three main project areas on the property. The
drill program comprised 6 holes (963.2 m) from 4 pads in the Vidgy
Lake area, two long holes (434.0) from two pads at Triangle Lake
and 7 holes (819.7 m) from 3 pads at Kwiatkoski Lake.
Drilling at the Kwiatkoski Lake showing tested two areas, the
Davidson Showing and Granite Hill. Drill holes D10-1 to 5 were
drilled from two pads located northwest of Kwiatkoski Lake. Holes
D10-01 to 03 were drilled proximal to the outcrop from which
earlier surface sampling returned values of 516.6 g/t Au and 93.4
g/t Au. All holes were drilled at an azimuth of 155 degrees, with
hole 01 at an inclination of -45 degrees to 103 m, hole 02 at -60
degrees to 119 m and hole 03 at -75 degrees to 154 m. The second
pad was located approximately 170 m to the west-southwest along
Kwiatkoski Lake. Hole D10-04 was drilled at an inclination of -45
degrees to a depth of 143 m and hole 05 at -60 degrees to 140
m.
Results for the holes are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn
Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm)
D10-01 52.00 53.15 1.15 3.0 495.1 70.6 12.3 170
53.15 54.29 1.14 20.5 11760.0 119.1 27.3 1689
54.29 54.51 0.22 5.1 498.8 46.1 154.2 2500
54.51 55.20 0.69 5.6 559.1 43.9 160.2 3546
55.20 55.60 0.40 2.0 232.7 24.9 12.1 92
55.60 56.14 0.54 27.1 18380.0 129.4 18.2 3387
D10-02 39.14 40.05 0.91 0.4 3493.3 10.4 0.8 35
42.55 43.22 0.67 0.3 421.7 31.7 0.8 16
53.86 55.03 1.17 1.5 351.7 27.4 1.4 40
81.90 83.13 1.23 0.1 2431.1 5.6 3.3 15
109.44 109.66 0.22 0.2 207.3 113.3 0.7 10
D10-5 59.55 60.52 0.97 0.3 212.2 31.3 38.7 128
Note: The interval between 52.00 and 56.14 returned a weighted
average of 11.41 g/t Ag and 5.92 g/t Au over 4.14 m.
Two holes, GH10-01 and 02, were drilled northwest of Kwiatkoski
Lake on the Granite Hill exposure. Both holes were drilled from the
same pad at an azimuth of 008 degrees. Hole GH10-01 was drilled at
an inclination of -45 degrees to a depth of 85 m and hole 02 at -70
degrees to a depth of 76 m.
Results for the hol GH10-01s are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn
Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm)
GH10-01 36.58 39 2.42 0.4 3996.9 15.1 1.5 30
Drill hole GH10-02 did not return any significant results.
Holes VG10-01 to 05 were drilled north of Vidgey Lake at an
azimuth of 45 degrees to test a 1 to 2.5 m shear hosted quartz vein
along strike. Holes VG10-01 and 02 were drilled from the same pad,
with Hole 01 (168 m) drilled at an inclination of -45 degrees and
Hole 02 (145 m) at an inclination of -60 degrees. Holes VG10-03
(142 m) and 04 (125 m) were drilled from a single pad located 29 m
southeast of pad 1. Hole VG10-03 was drilled at an inclination of
-45 degrees and hole 04 at an inclination of -60 degrees. Hole
VG10-05 was drilled from a pad 56 m northwest of pad one at an
inclination of -50 degrees to a depth of 215 m. Hole VG10-06 was
drilled from a pad located 104 m west-southwest of pad one at an
azimuth of 090 degrees and an inclination of -55 degrees to a depth
of 169 m.
Results for the holes are tabulated below.
Hole From To Length Ag (Au) Cu Pb Zn
Number (m) (m) (m) (ppm) (ppb) (ppm) (ppm) (ppm)
VG10-01 68.68 68.75 0.17 1.4 45 5080 less 64
than 3
66.68 68.17 1.49 greater 300 6177 greater 5333
than 100 than
10000
VG10-03 76.66 76.96 0.30 0.8 395 5 29 less
than 5
126.19 127.56 1.37 0.8 330 407 6 460
127.56 128.63 1.07 0.7 300 1453 5 198
VG10-04 10.67 11.89 1.22 0.2 637.3 19 0.9 33
18.52 19.28 0.76 0.7 310 32.6 4.4 72
43.59 44.58 0.99 1.6 586.5 39.9 4.7 70
44.58 45.72 1.14 0.9 201.6 119.1 3.3 98
100.86 101.50 0.64 1.6 71.0 1752.5 1.4 79
VG10-05 106.53 107.09 0.56 0.4 1000 56 less 34
than 3
VG10-06 127.28 128.02 0.74 1.8 488 2750 4.7 44
Drilling at Triangle Lake tested an interpreted
copper-nickel+/-platinum group element (Cu-Ni+/-PGE) mafic to
ultramafic intrusion, part of the Bassett Lake layered mafic to
ultramafic intrusive complex. Hole TL10-01 was drilled east of the
northern end of Triangle Lake at an azimuth of 234 degrees and an
inclination of -45 degrees to a depth of 221 m to test the core of
a strong magnetic anomaly. TL10-02 was drilled approximately 570 m
south-southeast of TL10-01, south of the southern end of the lake
at an azimuth of 222 degrees and an inclination of -55 degrees to a
depth of 213 m. Neither hole returned any significant analytical
results.
A total of 434 samples were submitted to TSL Laboratories Inc.
in Saskatoon, Saskatchewan.
The Gold Belt property 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.
The technical information in this release was reviewed and
approved by Richard T. Walker, B.Sc., M. Sc., P. Geo., the
Company's Qualified Person as defined by National Instrument
43-101.
The Company also announces the resignation of Mike Elson as
President & CEO of Killdeer and the appointment of Stan Szary
as interim President & CEO. Mr. Elson will remain a Director of
the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
Stan Szary, 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 President, Chief
Executive Officer and Director (604) 685-6989 (604) 685-6961 (FAX)
www.killdeerminerals.com