Kesselrun Continues to Advance the Huronian Project by Extending Strike Length on McKellar by over 500 metres

Disclaimer: Kesselrun is a paying advertiser on the Gold Telegraph and the author owns shares in the company. Please see full disclosure at the bottom of the article. 

It was a very volatile September as a mixture of Evergrande, inflation, and rising treasury yields rocked equity markets.

Last week, the Federal Reserve chairman called ongoing inflation pressures “frustrating” and sees it running into next year.

This comes when the world is dealing with a global energy crisis as the price of natural gas, specifically in Europe, has gone parabolic, which presents extreme risk as we head into Winter with regards to heating homes and powering factories.

Recently both, Apple and Tesla have halted production at factories in China as the country is also feeling this energy crisis as coal prices are currently at record highs. Analysts are beginning to downgrade Chinese growth forecasts as a result.

On the gold side of things, I have been very vocal that gold will be the last bubble as it currently is fighting equity markets, the U.S dollar and forward guidance of the Federal Reserve.

Demand continues to be strong as central banks worldwide continue to stockpile, most notably in the East.

Additionally, gold in Germany is at a 12-year high which is a terrific signal considering the country has traditionally been the biggest coin and bar buyer in Europe. Inflation pressures persist as in September it came in at 29-year high and last week it was reported that import prices jumped to their highest in 40 years.

Kesselrun Resources: 


I have recently started covering Kesselrun, located 100km west of Thunder Bay, Ontario, and is actively drilling out the Huronian project. 

For my new readers, I highly recommend reading the Q&A I did with the CEO last month (click here to read).

Still, for a bit of a refresher, the company remains focused on proving out the Huronian deposit which currently has 45,592 ounces of gold in the indicated category @ 15.3 grams/tonne and 501,377 ounces of gold in the inferred category @ 14.4 grams/tonne (historice resource Minescape, 1998).

The project is on strike from Goldshore’s adjacent Moss Lake gold deposit. They recently commenced a 100,000-metre drill program that only helps the Kesselrun story.


Any success only makes the Huronian project more appealing to a potentially being acquired by a major gold producer.


Kesselrun is currently completing 20,000 metres of drilling with the ambition of publishing a NI 43-101 compliant resource estimate in 2022. 

Recently, the company announced that they extended the strike length on the McKellar zone by 500 metres and approximately 100 metres in depth.

The drilling highlights in the latest release:

  • 21HUR091 intercepted 8 g/t Au over 0.6 m within a 5.9 m wide zone which averaged 6.4 g/t Au
  • 21HUR079 intercepted 2 g/t Au over 0.6 m within a 28.8 m wide zone which averaged 1.0 g/t Au
  • 21HUR077 intercepted 7 g/t Au over 1.0 m as well as an 11.0 m wide zone averaged 0.7 g/t Au
  • 21HUR076 intercepted 3 g/t Au over 1.5 m within a 19.4 m wide zone which averaged 1.1 g/t Au

This zone has historically produced some fantastic results has. To date, the best hole was 1.6 g/t over 67.8 metres, including 7.2 g/t Au over 5.8 m.

The company remains focused on the high-grade shoots and drilling out the new plunge interpretation along strike to the south-west.

These latest results certainly are very positive as it extends strike and depth and most importantly further confirms the continuity of the mineralization with the discovery of another high-grade structure.

The company has now completed 15,000 metres of drilling which the results from approximately 8,000 metres of drilling have been released.


Be on the lookout for more news releases in the weeks ahead as the company continues to update how the program is going. 

I am personally very excited about the future here as Kesselrun provides fantastic torque to the gold price as it continues to develop the project as: 

  1. Already has multiple high-grade and bulk tonnage targets.
  2. Limited exploration / shallow drilling in a top tier jurisdiction (environmentally de-risked) 
  3. Drilling continues to show high-grade gold intercepts 
  4. Has a highly experienced management team and board who are aligned with shareholders 
  5. Fully-funded for the remainder of the year 
  6. Ongoing 100,000-metre program by Goldshore, which with success could turn this into a very exciting emerging mining camp 

I will continue to cover the company in the coming months and conduct another Q&A with CEO Michael Thompson in 3-4 weeks. If you have any specific questions, you want me to ask please email me directly. 

Visit website, here.

Read corporate deck, here.

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