News Release
KETTLE
RIVER RECEIVES MINNIE MOORE DRILL
RESULTS,
PLANS 2008 DRILL PROGRAM
February 20, 2008: Kettle River Resources Ltd. (�the
Company�) is pleased to announce that bids have been received for a minimum 4000
meter Diamond drill program on the Greenwood area
properties in southern B.C. and that a signed drill contract will be in place
shortly. Drilling will begin in
May, 2008 and will test the Minnie Moore and Battle zones. Lengthy delays in obtaining analytical
results during 2007 hampered the Company�s exploration efforts and
planning. An arrangement has been
made with a different ISO 9001 certified analytical laboratory for 2008, which
the Company believes will result in more timely receipt of sample results.
The Company has received the
results from the 10 hole, 1485 meter Diamond drill program at the Minnie Moore
zone, completed during the fall of 2007. Several zones of silicification,
quartz-carbonate veining and argillic or advanced argillic alteration were
intersected in the drilling.
Analytical results failed to return values of similar silver and gold
tenor to those from trenching. The
best result, in hole MM07-5, was a 2 meter interval which returned 66.0 g/t Ag
(1.9 oz/t Ag) and 0.2 g/t Au (0.005 oz/t Au).
Surface vein exposures,
trace element geochemistry, and strength and extent of alteration seen in drill
core, all suggest that the Minnie Moore vein is part of a large epithermal
system. Drilling
beneath the trenched vein exposures showed that the vein is cut-off at a depth
of less than 10 meters below surface by a 50 meter thick post-mineral sill. Drilling tested for the vein beneath the
sill, over a strike length of less than 100 meters to the north only from the
trenches. Deeper drilling is
required to test for the vein at depth beneath the sill, under the Trench1/3 and
Trench 2 exposures. Drilling is
similarly required to test for the vein to the south of the trenched exposures.
Recently received results from a fall 2007 soil geochemical survey (see KRR news
release, Feb
19, 2007)
also show several targets for drill testing to the south of the trenches, as
well as further north.
A total of 380 drill core
samples were collected during the fall 2007 Diamond drill program. Samples were shipped to Acme Analytical
Labs in Vancouver for analysis
for a gold and multi-element ICP-MS package (Acme Group 1FMS). Sample intervals were determined by
mineralization and geology, but generally ranged from 1.0 to 3.0 meters. Core was sawn, with half-core
samples submitted for analysis.
Quality control measures, including company-inserted standards and
blanks, were implemented in the program.
Diamond drilling will
commence early in 2008 at the Battle zone,
approximately 7 kilometers to the southwest of the Minnie Moore showing. The Battle zone is a new
discovery resulting from the company�s 2007 work program. The company had originally planned to
drill-test the Battle zone during
2007. Road and drill site construction was completed, however due to drill availability the program could
not be carried out before snow conditions made it impractical, given the steep
topography.
As previously reported (KRR
news releases - July 24, 2007, October 29,
2007) and shown below, significant gold
values were returned from rock sampling at the Battle zone during the
2007 prospecting and geological mapping program.
Sample |
Au g/t |
Au oz/t |
40198 |
8.13
|
0.24 |
40370 |
14.33 |
0.42 |
40380 |
190.30 |
5.56 |
40381 |
16.57 |
0.48 |
40402 |
5.13 |
0.15 |
40403 |
14.97 |
0.44 |
40789 |
6.67 |
0.19 |
All rock samples from the
Battle zone to date
have been select grab samples, analysed at Assayers Canada in
Vancouver for gold by
fire assay/AA finish.
Mineralization occurs as stockworking pyrite-quartz veinlets and as
semi-massive pyrite-quartz shear zones, hosted within Triassic Brooklyn
sharpstone conglomerate (host rocks at the Phoenix deposit). Mineralization has been found in
outcrop, subcrop and in shallow historic exploration pits, intermittently over
an area of 250 metres by 850 metres, approximately 800 metres south of the
former Phoenix mine. Soil
geochemistry in this area shows a large area of anomalous gold plus/minus
arsenic in soils. During 1991, a
single drill hole by Battle
Mountain
(Canada) Inc.
was drilled to test a small portion of the Battle zone. This hole intersected several zones of
elevated gold, including 14.7 g/t Au (0.43 oz/t Au) over 0.4 meters, 8.54
g/t Au (0.25 oz/t Au) over 0.7 meters, 3.63 g/t Au (0.11 oz/t Au)
over 0.7 meters and 3.36 g/t Au (0.10 oz/t Au) over 1.0 meter. Apart from this single 1991 drill
hole, the Battle zone is
untested by drilling. The
steep topography of the site makes it unsuitable for
trenching.
Linda Caron, M.Sc., P.Eng. is the
Qualified Person under NI 43-101 who supervised the 2007 drill program and who
has reviewed and approved the technical content of this news
release.
Contact Larry Widmer (250) 878 5099 or Ellen Clements
1-800 856 3966
On Behalf of the Board,
�Signed�
Ellen Clements, Director
President & CEO
The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.