UPDATE: Kesselrun Resources Announces Initial Drill Results at Bluffpoint; Shares Fall 15% Mid-Morning

By Midnight Trader,  January 09, 2013, 10:12:34 AM EDT

Kesselrun Resources Ltd. (KES.V) today announced the initial results from its ongoing diamond drilling program at its flagship Bluffpoint project in Northwestern Ontario.

Highlights include:

0.91 g/t Au over 21.7 m., including 1.24 g/t Au over 14.3 m, and including 9.28 g/t Au over 0.7 m.

0.90 g/t Au over 11.0 m., including 1.14 g/t Au over 7.9 m.

0.70 g/t Au over 10.0 m., including 0.86 g/t Au over 6.0 m.

Nine drill holes have been completed to date totalling 1,762 metres of the ongoing drill program. Widespread alteration including quartz, albite, chlorite, carbonate, hematite, magnetite and pyrite has been encountered throughout all holes drilled to date.

Kesselrun is down 7 cents to 38 cents, on volume 11,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Susan Powell Search Ends
Susan Powell Search Ends            
Violence Rages in Syria Amid Hopes For Peace Talks
Violence Rages in Syria Amid Hopes ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.4731 0.04  0.27%
F $ 15.005 0.05  0.30%
SIRI $ 3.50 unch
CLWR $ 3.42 0.16  4.91%
MSFT $ 35.0176 0.06  0.18%
YGE $ 3.66 0.56  18.06%
PFE $ 28.77 0.07  0.24%
CSCO $ 23.95 0.01  0.02%