Kermode Drilling High-Priority Zone on Large Gold Property
August 28 2007 - 8:31AM
Marketwired Canada
Kermode Resources (TSX VENTURE:KLM) is pleased to announce results from the
company's ongoing drill program in Jackson's Arm, Newfoundland. The Jackson's
Arm gold property is wholly-owned by Kermode Resources and past results on this
project have included wide intersections of very good grade from multiple areas
of the large property.
Results today, all from the Road Zone of the property, are detailed below. The
company has completed this phase of drilling on the Road Zone and has moved to a
one kilometre long untested high-priority area of the property between the Road
Zone and the Apsy Zone. This high-priority area, north of the Road Zone, is
difficult to access relative to the majority of target areas at Jackson's Arm
and therefore the company was unable to drill within the zone during the Winter
and Spring months. With no snow and good conditions, the zone is now accessible.
Neil Briggs, President of Kermode, states, "Today's results which include some
good widths such as 45 metres of 0.72 grams per ton gold and 23 metres of 0.80
grams per ton gold also have some snippets of better grades such as 0.7 metres
of 4.49 grams per ton gold. Although not as significant as past results
generated during the ongoing project, these numbers continue to confirm
widespread gold mineralization on this large property. We have now moved to a
zone that we consider a high-priority and are excited to be drilling within this
high-priority area that exists between the Road Zone and the Apsy Zone. This
means that we should be drilling on this new area well into September."
Selected analytical results are given below:
------------------------------------------------------------------------
Hole Number From (m) To (m) Core Length (m) Gold g/t
------------------------------------------------------------------------
JA-07-97 36.5 42.1 5.6 0.86
------------------------------------------------------------------------
JA-07-98 18.5 23.0 4.5 1.30
------------------------------------------------------------------------
41.4 47.4 6.0 0.84
------------------------------------------------------------------------
JA-07-99 8.8 9.5 0.7 0.93
------------------------------------------------------------------------
JA-07-100 12.4 17.2 4.8 0.95
------------------------------------------------------------------------
19.6 31.3 11.7 0.88
------------------------------------------------------------------------
39.0 55.5 16.5 0.64
------------------------------------------------------------------------
JA-07-101 12.5 17.0 4.5 1.27
------------------------------------------------------------------------
JA-07-102 53.6 54.2 10.6 0.94
------------------------------------------------------------------------
93.3 94.9 1.6 1.82
------------------------------------------------------------------------
JA-07-103 nsr
------------------------------------------------------------------------
JA-07-104 21.5 33.6 12.1 0.67
------------------------------------------------------------------------
JA-07-105 4.5 11.4 6.9 0.84
------------------------------------------------------------------------
72.0 78.5 6.5 1.09
------------------------------------------------------------------------
JA-07-106 21.5 42.5 21.0 0.91
------------------------------------------------------------------------
JA-07-107 27.5 72.5 45.0 0.72
------------------------------------------------------------------------
JA-07-108 2.2 21.5 19.3 0.77
------------------------------------------------------------------------
JA-07-109 nsr
------------------------------------------------------------------------
JA-07-110 45.5 47.0 11.5 0.96
------------------------------------------------------------------------
JA-07-111 59.8 83.0 23.0 0.80
------------------------------------------------------------------------
includes 59.8 60.5 0.7 4.49
------------------------------------------------------------------------
JA-07-112 8.0 9.5 1.5 1.31
------------------------------------------------------------------------
Consulting Geologist James Harris P.Geo, a Qualified Person under National
Instrument 43-101 guidelines, is supervising the Jackson's Arm drilling program
and has reviewed the technical information contained in this News Release on
behalf of the Company. Petro Drilling Company Limited of Springdale,
Newfoundland is conducting the drilling. Core samples were taken from drillcore
which was descriptively logged on site, aligned, marked for sampling and then
split in half, longitudinally, using a diamond saw blade. One half the core has
been preserved in core boxes for future reference. The samples, comprising the
other half of the drillcore were bagged, sealed and delivered directly to the
analytical laboratory under the supervision of Mr. Harris. Samples were
processed and analyzed at Eastern Analytical Ltd., an assay laboratory based in
Springdale, Newfoundland. Samples were crushed with a jaw crusher to 75% passing
10 mesh and split with a riffle splitter to approximately 250 grams. This sample
was then pulverized to 95% passing 150 mesh and analyzed for gold utilizing a
half assay ton, fire assay technique plus ICP-11. As part of the quality control
program being implemented, Eastern Analytical is sending a pulp of 1 in 10
samples to Acme Analytical Laboratories Ltd. of Vancouver BC, an ISO 9001:2000
accredited laboratory for ICPMS check analyses. Analytical pulps and rejects
will be retrieved by Kermode and retained.
Kermode's current drill program is being funded by proceeds of a flow-through
financing from MineralFields Group of Toronto (www.mineralfields.com).
ON BEHALF OF THE BOARD OF DIRECTORS
D. Neil Briggs, President and Director
Kermode Resources (TSXV:KLM)
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