Sep 18 2014
Kapuskasing Gold Corp. (the "Company" or "Kapuskasing") is pleased to announce that it has commenced prospecting and mapping activities on its Rollo Gold Property.
The intent of the prospecting and mapping program will focus on the areas surrounding the historic Hanson Lake and Coppell Gold Occurrences (see July 8, 2014 news release) and will examine large-scale zones of prospective alteration associated with quartz feldspar porphyries, identified by the Geological Survey of Canada. The latter setting is akin to numerous productive gold systems in the nearby Timmins and Kirkland Lake gold camps. Plans are to complete this work prior to snowfall. All samples will be sent for assay at the end of the program and results will be announced when received.
The Rollo property is situated along a projected extension of the Destor-Porcupine fault zone, which hosts several multi-million-ounce gold producers in the nearby Timmins camp, and sits between IAMGOLD's Cote Lake gold deposit and Probe Mines' Borden Gold project.
Ontario Government documents from 1948 and 1950 indicate the occurrence of visible gold mineralization at Hanson and Coppell Lakes. No record can be found of drill testing of these occurrences. The two discoveries are approximately 4 kilometers apart and appear to be located along a corridor of deformation cutting a regional scale fold.
Kapuskasing Gold controls 6 gold properties located along extensions of the Destor-Porcupine, Borden Lake and Kapuskasing structural zones. The Company's 6 properties surround Probe's discovery to the north, east, south and west. A detailed map and property descriptions can be viewed on the Company's website: www.kapgold.com.
On behalf of the Board of Directors of Kapuskasing Gold Corp.,
Dean Nawata, President & CEO, Director
Qualified Person
Mr. Garry Clark P.Geo, the Exploration Manager and a director of the Company, a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed the technical content of this release.
Source: http://www.kapgold.com/