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 Drill
program completed on Greenwood Area Properties
July 18, 2008: Kettle River Resources Ltd. has completed its
spring-summer diamond drill program on the company's wholly owned
Greenwood area properties. Fourteen NQ2 drill holes, totalling 2551
meters, were drilled. Core logging and sampling is complete, and all
samples have been submitted for analyses.
Five holes were drilled at the Minnie Moore showing, to test the
at-depth extension of the Minnie Moore zone beneath the thick
post-mineral sill that was delineated by the 2007 work program.
Drilling also tested a strong multi-element soil geochemical anomaly
southwest of the main showing. Drilling has confirmed the structural
complexity of the Minnie Moore area, and has added valuable information
to assist in unraveling these complexities. At least three separate
post-mineral fault sets, often with accompanying post-mineral dykes and
sills, are known to occur.
Results from all of the Minnie Moore area drill holes (KRR 08-1 to 08-5)
have been received. Epithermal style quartz stockwork breccia veining
was intersected in hole KRR 08-1, at depth beneath the thick
post-mineral sill, however analytical results were disappointing. A 5.3
meter intercept through the zone of veining (106.0 - 111.3 m) graded
0.27 g/t Au and 77.3 g/t Ag. Within this interval, a 1.6 meter section
returned 0.55 g/t Au and 178.5 g/t Ag. There were no results of note
from the remaining Minnie Moore drill holes.
Seven holes were drilled at the Battle zone, to test an area of
auriferous pyrite-quartz stockwork veinlets and pyrite-quartz shear
zones that had been identified by the company's 2007 work program.
All seven drill holes successfully intersected multiple sections of
mineralization.
The final two drill holes targeted a series of parallel auriferous
quartz-sulfide veins at the Stemwinder zone, which were known from
historic underground work at the Stemwinder and Brooklyn mines. Both
drill holes were successful in intersecting several
quartz-pyrite-chalcopyrite veins. The veins remain open on-strike to
the northwest and southeast. In the section drilled, they are truncated
at depth by post-mineral faulting and dyking, approximately 100 meters
vertically below surface.
Results from drill core samples from the Battle and Stemwinder zones
have not yet been received and will be released when available.
Drill core was removed from the property twice daily, for logging and
sampling in a secure facility in Grand Forks. Sample intervals were
determined by mineralization and geology, but generally ranged from 0.5
to 3.0 meters. Core was sawn or split (depending on rock type), with
half-core samples shipped to International Plasma Laboratory Ltd. (iPL)
in Richmond, B.C., for preparation and analysis by iPL's package P1302.
This analytical package involves a 30 element ICP analysis following
aqua-regia digestion, and gold analysis by fire assay/AAS finish on a 30
gram sample. iPL is an IS0 9001:2000 certified laboratory. A total of
748 samples were collected during the 2008 drill program. A quality
control-quality assurance program was implemented by the company during
the drill program, including company inserted blanks and standards at
regular intervals.
Linda Caron, M.Sc., P.Eng. is the Qualified Person under NI 43-101 who
supervised the 2008 work program and who has reviewed and approved the
technical content of this news release.
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