November 1, 2013 Kettle River Resources Ltd. (KRR-V) announces that a geological mapping and sampling program was completed this past summer on the Company’s Rad property in the Greenwood Mining Division.
The Rad property is located approximately 13 kilometres northwest of Grand Forks, B.C. It is comprised of one MTO cell claim located on Mineral Tenure map sheet 082E.018 and is 100% owned by Kettle River and not subject to any underlying agreements. Three separate zones of skarn mineralization are known on the Rad property, the Shickshock, Ike and Black Tail/Jennie May. Skarn deposits are an important deposit type in the region. Examples include the past-producing Phoenix copper-gold skarn, 10 km southwest of the Rads property, from which over a million ounces of gold was produced, and the Buckhorn gold skarn near Chesaw, Washington, currently being mined by Kinross.
At the Shickshock showing, a shaft, several prospect pits and adits and numerous bulldozer trenches (dating from the 1970’s) expose massive magnetite (+/- pyrite, pyrrhotite, chalcopyrite) within a widespread zone of garnet-epidote-pyroxene skarn. The bulldozer trenches are now partially sloughed and overgrown.
The Ike showing is located approximately 400 metres southeast of the Shickshock showing. An old shaft and trench test a garnet skarn zone, within a large area of Brooklyn limestone. Widespread epithermal style quartz veining and silicification in limestone occur in outcrop and subcrop in the vicinity of the Ike shaft. One sample from this area (in a previous program) returned 15.4 g/t Au. The Black Tail/Jennie May skarn, in the eastern part of the property, is comprised of numerous open cuts plus 2 adits that test an area of amphibole-chlorite-epidote +/- garnet, pyroxene, magnetite skarn.
Apart from limited rock sampling, Kettle River Resources has not completed any previous work on the Rads property. None of the known zones of mineralization on the property have been tested by drilling and no modern trenching has been completed. During the 2013 program, areas of mineralization on the property were examined and 17 rock samples were collected for analysis. Samples were select grab samples from outcrop or from historic workings. All samples were shipped to SGS Minerals Services in Vancouver for preparation and analysis for Au (FAA313 method, 30 gm Fire Assay + AAS finish) plus a multi-element ICP suite (ICP40B, ICP-OES analysis following multi-acid digest).
Highlights included sample 5410 (1.3 g/t Au and 696 ppm Cu) from pyritic brecciated chert and skarn altered greenstone, with minor quartz veining northwest of the Shickshock, and samples 5415 and 5416 (1200 ppm Cu and 2530 ppm Cu, respectively) from the northern on-strike extension of the Shickshock magnetite-garnet-epidote skarn. The main Shickshock showing (bulldozer trenched area) was not resampled during the 2013 program, since these trenches are now sloughed and since results from 1974 sampling, when exposures were fresh, are available.
The best result from the 1974 sampling was 0.57% Cu, 0.234 oz/t Ag and 0.0125 oz/t Au. The depth extent of skarn mineralization on the property is unknown and detailed mapping is needed, in particular to the east and south of the Shickshock occurrence, to understand the relationship between this zone and the Ike occurrence to the south. Eocene-aged epithermal gold mineralization is also a viable exploration target on the property. Epithermal veining within limestone, with elevated gold, occurs in the vicinity of the Ike occurrence.
Further work is warranted. Linda Caron, M.Sc., P.Eng. is the Qualified Person under NI 43-101 who has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information contact Ellen Clements 1-800-856-3966
Caution Regarding Forward-Looking Statements -- This news release may contain certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forwardlooking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.
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