Kestrel drills 2.33 g/t gold over 44.19 metres at QCM project, British Columbia

Kestrel Gold Inc. [KGC-TSXV; KSRBF-OTC] reported results for holes QCM22-9, -10 and -11 from the 2022 six-hole second phase reverse circulation (RC) drill program at its QCM property in north-central British Columbia. These three holes followed up positive results from 2022 first phase holes QCM22-4, 6 and 8 that tested prospecting targets. Results for the remaining three second phase holes that were completed at the QCM Zone will be released once full analytical results have been received and interpreted. The QCM property is being explored for near surface, bulk tonnage gold mineralization.

Drill program highlights include Hole QCM22-9 that intersected 2.33 g/t gold over 44.19 metres and undercut first phase hole QCM22-8 that intersected 2.39 g/t gold over 21.33 metres.

Hole QCM22-10 that intersected 0.25 g/t gold over 47.24 metres was drilled adjacent to first phase hole QCM22-4 to test for extensions to the 0.35 g/t gold over 36.58 metres interval located at the bottom of hole QCM22-4.\

Rob Solinger, president and CEO, stated: “Excellent results of up to 2.39 g/t gold over 21.33 metres and 2.33 g/t gold over 44.19 metres in holes 8 and 9 respectively confirm the presence of a new and potentially significant discovery in this area of the QCM property. These intervals remain open in almost all directions, with their good grade, size and continuity signifying the presence of a robust system.

“This discovery together with the QCM Zone where drilling last year returned up to 0.847 g/t gold over 152.44 metres confirms our belief that the property has strong potential to host multiple potentially significant gold-bearing zones. We appreciate our investors’ patience while this work was completed and we look forward to results of the three holes drilled into the QCM Zone as well as further exploration of these and other targets on the property.”

QCM Project Highlights: The project is comprised of 6,906 hectares covering an approximate 15-km strike length of the Manson Fault Zone which is thought to be a controlling structure for much of the gold mineralization in the district.

Peak values from historical drilling completed within the QCM Zone were found within hole QCM04-002 which intersected an interval of 2.86 g/t gold over 110.95 metres, including a high-grade interval of 173 g/t gold over 1.5 metres, true widths unknown.

Numerous showings occur throughout the project area, including Farrell where historical values of up to 1,777 g/t gold and 3,560 g/t silver have been returned from grab samples of a 3.0-metre wide quartz vein and Flagstaff where historical values of up to 5.9 g/t gold and 1,153 g/t silver have been reported for grab samples of quartz veins and stockworks.

Recently completed logging and associated road building has significantly improved access and created numerous new bedrock exposures throughout the property.

Kestrel Gold is focused on the Canadian Cordillera, with an emphasis on hardrock targets located in placer gold mining districts. We are also earning a 100% interest in the Fireweed property 53 km northeast of Smithers, BC, an advanced stage silver rich polymetallic VMS target.