Kestrel Gold provides update on drilling by Centerra Gold

Kestrel Gold provided an update on the ongoing work program by Centerra Gold (CGAU) on Kestrel’s QCM gold property located in the Manson-Germanson area of central British Columbia. Centerra holds an exclusive option to earn a 75% interest in QCM by making cash payments totalling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029. Centerra’s current program has an approved budget of $3,000,000, and includes plans for up to 7,500 metres of diamond drilling. Drilling commenced at the Main Zone on May 25th, and as of July 6th a total of 9 holes and 2,640 metres have been completed. All holes have encountered intervals of quartz veined tuff and greywacke affected by variable intensity silica-ankerite-sericite-pyrite alteration with pyrite in some areas. Drilling is also planned for the 14 Vein zone which is a quartz veined and quartz-sericite-pyrite altered zone located approximately 7.5 kilometres northwest of the Main Zone. Analytical results for drilling will be released as they are received, compiled and interpreted. Pat Lynch, CEO, states: “We are happy to see drilling well underway at QCM where Centerra is currently undertaking the largest drill program to occur during Kestrel’s time with the property. Alteration and veining, thought to be favourable for the presence of gold mineralization, have been encountered by all completed holes and we eagerly look forward to analytical results for this work.”