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Date: October 29, 2007: Kettle River Resources Ltd. (the “Company”) is pleased to announce that drilling has begun on the Minnie Moore epithermal silver-gold zone on the company’s 100% owned Greenwood area property in southern B.C. More Core Diamond Drilling Services Ltd. of Stewart, B.C. has been contracted to drill a minimum of 750 meters of NQ-2 size core.
Minnie Moore Zone: As previously released (NR July 24, 2007 and August 27, 2007), the Minnie Moore showing is a limestone-hosted epithermal siliceous breccia zone that was discovered during the company’s 2007 work program on the property. It is a new discovery that is untested by any historic drilling. Only the results of select grab samples from the Minnie Moore zone are available to date. These results show consistently elevated silver, gold and base metal values, to a maximum of 4500 g/t Ag (131.4 oz/t Ag), 6.04 g/t Au (0.18 oz/t Au), 0.78% Zn, 0.58% Pb and 0.25 % Cu.
A program of excavator trenching/stripping was recently completed at the Minnie Moore showing. Representative chip samples were collected from the trenches and submitted to Acme Analytical Labs in Vancouver for analysis. The company expects to receive the results of initial trench sampling within 1 week’s time. These results will be released as soon as they have been reviewed and interpreted by company personnel.
A 13.5 line kilometer exploration grid has been established at the Minnie Moore zone. Scott Geophysics of Vancouver, B.C. was contracted to carry out a ground magnetometer survey over the grid. This survey has been completed and results are pending. Soil sampling has also been completed over the grid and samples have been submitted to Acme Analytical Labs for analysis. Again, results are pending.
Bullion Zone: Results from 77 trench chip samples collected from recent trenching at the Bullion zone, also on the company’s Greenwood area property, have been received. The Bullion zone is situated 5 kilometers southwest of the Minnie Moore zone and 1.5 kilometers north of the former Phoenix mine. Four trenches were dug at the Bullion zone, to follow-up on surface subcrop samples from the spring-summer 2007 work program that returned 11g/t Au (0.32 oz/t Au) and 179 g/t Ag (5.22 oz/t Ag) respectively. Trenching exposed a wide zone of mineralized shattered intrusive. Continuous representative chip samples across the mineralized zone returned a weighted average grade of 0.37% Zn, 0.23 % Pb and 13 g/t Ag (0.38 oz/t Ag) over 39 meters, including 8 meters grading 0.47% Zn, 0.40% Pb and 12 g/t Ag (0.35 oz/t Ag). Gold grades were low.
The relationship between the reported intercept and the true width of the zone is not known. Trench samples were analysed at Acme Analytical Labs in Vancouver for a multi-element ICP-MS package (Acme Group 1DX method) and for gold by 30 gram Fire Geochem analysis (Acme Group 3B method). Sample intervals were determined by mineralization and geology, but were generally 1 or 2 meters. Quality control measures, including company-inserted standards and blanks and field duplicate samples, were implemented in the program.
Battle Zone: As previously reported (NR July 24, 2007), pyrite mineralization with elevated gold has been found intermittently over an area of 250 metres by 850 metres, at the Battle Zone. Significant previously reported results from this zone include sample 40380 grading 190.3 g/t Au (5.56 oz/t Au), 40370 grading 14.33 g/t Au (0.42 oz/t Au), 40198 grading 8.13 g/t Au (0.24 oz/t Au) and 40789 grading 6.67 g/t Au (0.19 oz/t Au).
Drill road construction has been completed at the Battle Zone. The steep topography in this area makes winter drilling difficult and the company is preparing to drill test this target in the spring of 2008. A new area of mineralization was uncovered during the recent road building. Samples 40403 and 40402, from this new area, returned grades of 14.97 g/t Au (0.44 oz/t Au) and 5.13 g/t Au (0.15 oz/t Au) respectively. Nearby, sample 40381 from the dump of a historic exploration pit returned 16.57 g/t Au (0.48 oz/t Au).
Thirteen additional rock samples were collected from elsewhere in the Battle Zone during August 2007, five of which returned values in excess of 1 g/t Au. All rock samples to date have been select grab samples, analysed at Assayers Canada in Vancouver for gold and a multi-element ICP suite. All samples returning gold values in excess of 1 g/t Au have been subsequently assayed.
Linda Caron, M.Sc., P.Eng. is the Qualified Person under NI 43-101 who is supervising the 2007 work program and who has reviewed and approved the content of this news release.
ON BEHALF OF THE BOARD
‘signed’
Ellen Clements, DirectorPresident & CEO
Contact Larry Widmer 250 878 5099 or Ellen Clements 1 800 856 3966 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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