(via TheNewswire)
A map of the projects is provided online at this link:
https://www.google.com/maps/d/viewer?mid=1KHgkJk6-1tFE7ZGYPlWIUbbbvQYxSXfM&ll=50.32545750060252%2C-118.37628954262097&z=14
“SILVER BELL”
The following assays were previously reported by Kermode on
Sample # | Easting | Northing | Gold | Silver |
996412 | 399177 | 5562273 | 3.9 |
|
996413 | 399162 | 5562271 | 4.9 |
612 |
996420 | 399177 | 5562273 | 16.4 |
|
996421 | 399177 | 5562273 | 3.2 |
|
Additional work performed included clearing the existing access to the JGR showing and collecting samples of historical dump material for crushing and concentrating. A video of the sample site and sample concentrate test work is provided in this link,“Silver Bell mine visit, old portal mine exploration! Old exploration adit visit! $KLM”published
Sample ID | Description |
996412 | Grab sample of quartz vein material found outside of an old exploration portal (10-20m long) testing an 8m wide East-West trending sub-vertical quartz vein. Areas of heavy limonite stain, with rarer localized malachite and azurite staining. Area grab of stronger limonite, malachite stained material at drift face. |
996413 | Select grab of limonite-stained material from same quartz vein. Large galena / sphalerite bleb. |
996420 | Adit area comparative sample. Select grab of very galena-rich material. |
996421 | Adit area comparative sample. Select grab of heavily azurite malachite stained material. |
The following assays were previously reported by Kermode on
The results are shown in the table below:
Sample ID | Discharge | Gold (PPM Au) | Silver (PPM Ag) |
996430 | Concentrate | 66.4 | 2,950 |
996431 | Middling | 9.9 | 1,040 |
The samples were collected by ATV from loose material at the mine dump site. The original sample size was 18 kilograms of material, which was crushed using a jaw crusher, pulverized by a small grinding mill, and concentrated using a gold shaker table. The concentrate and middling samples were collected and assayed.
A video of the sample concentrate test work is provided in this link,“Crushing it! Crushing gold silver ore!”published
Click Image To View Full Size
Picture of sample material
Click Image To View Full Size
Picture of jaw crusher
Click Image To View Full Size
Picture of shaker table in action
“KHRYSOS”
The following assays were previously reported by Kermode on
Sample ID | Sample Description | Au | Ag |
996414 | 1.1m channel sample | 4.0 | 168 |
996415 | 70cm channel sample | 1.5 | 260 |
996416 | 40cm channel sample | 0.4 | 34 |
996417 | 80 cm channel sample | 0.2 | 21 |
996426 | Choice grab of pyrite rich quartz in old pit (pit 1) | 0.3 | 15 |
996427 | Grab sample of galena rich quartz (pit 1) | 1.1 | 387 |
996428 | Area grab of pit 2 | 0.6 | 108 |
996429 | Area grab of pit 3 | 1.5 | 172 |
Assays for select samples of the 2023 work program are listed above. A video of the site visit titled, “Khrysos Gold property visit,
https://www.youtube.com/watch?v=XhDjGswZj-s
A sample of 5 kg taken from ore drums at the Kami Main Showing was crushed using a jaw crusher, pulverized by a small grinding mill, and concentrated using a gold shaker table. Samples of the concentrates, middlings, and tails were collected and assayed as shown in the table below:
Sample ID | Discharge | Gold (PPM Au) | Silver (PPM Ag) |
997709 | Concentrate | 379.0 | 5140 |
997710 | Middling | 74.5 | 3750 |
997711 | Tailings | 12.2 | 91.6 |
Kermode CEO
“EASTGATE BC”
The following assays were previously reported by Kermode on
Sample # | Easting | Northing | Sample Type | Gold (PPM Au) |
996422 | 675775 | 5447431 | Grab sample/old pit | 0.1 |
996423 | 674783 | 5447535 | Grab sample/old pit | 0 |
996424 | 675783 | 5447499 | Grab sample/old trench | 43.7 |
996425 | 675710 | 5447477 | Grab sample/old trench | 0.3 |
The initial 2023 reconnaissance work program consisted of locating and sampling the Pasayten mineral occurrence. Very limited historical information is known about the showing, with no recent exploration. Assays for select samples of the 2023 work program are listed above.
Additional work performed included exploration work on the recently acquired extension ground of the initial claim package. A video of the initial exploration work was posted at the following link,“Eastgate property site visit! Gold Silver exploration near Eastgate BC”published
“VIGH GRAPHITE”
The following assays were previously reported by Kermode on
Sample ID | Sample type | Sulphur (% S) | Iron (% Fe) | Graphitic Carbon (% Gr) |
23-20-01 | Area grab, Crushed and Screened | 1.1 | 6.3 | 3.6 |
23-20-02 | Choice grab, calcite-rich material | 0.0 | 1.3 | 9.6 |
23-20-03 | Choice grab, visible graphitic material | 0.0 | 1.7 | 13.6 |
The following assays were previously reported by Kermode on
ID | Target Area | Sample Description | Sample Weight (KG) | Sulphur | Iron | Total Carbon | Graphitic Carbon |
24-01 | RUTH | Composite grab sample from area with hematite-stained graphitic sediments | 0.6 | 0.9 | 3.2 | 0.7 | 0.5 |
24-02 | RUTH | Composite grab sample from area with hematite-stained graphitic sediments | 0.9 | 1.1 | 3.1 | 0.5 | 0.4 |
24-03 | Composite grab sample from area with hematite-stained graphitic sediments | 1.1 | 1.3 | 3.2 | 0.5 | 0.5 | |
24-04 | Select grab of quartz with trace sulphides. | 0.9 | 0.0 | 0.9 | 0.0 | 0.0 | |
24-05 | Select grab sample of graphite-rich metasediments crosscut by quartz veins. | 0.8 | 7.0 | 2.9 | 13.2 | 13.1 | |
24-06 | Select grab of quartz with trace sulphides. | 0.7 | 0.4 | 1.0 | 2.2 | 2.0 | |
24-07 | Select grab of quartz with trace sulphides. | 1.1 | 0.0 | 1.8 | 0.4 | 0.3 | |
24-08 | RUTH | Composite grab sample from area with hematite-stained graphitic sediments | 0.6 | 0.4 | 4.2 | 1.7 | 1.5 |
24-09 | Select grab sample of graphite-rich sediments. | 0.5 | 0.1 | 3.4 | 21.2 | 21.3 |
Click Image To View Full Size
Photograph of Graphitic Carbon (Gr) in Sample 24-09
Property Option Deal Terms
KHRYSOS &
To earn 100% ownership of the project, Kermode must make one payment of common shares and assign a Sales Participation Right as described below.
1,500,000 common shares of Kermode on or before
May 26, 2027 . In addition the payment of 1,500,000 common shares made onMay 26, 2022 .Sales Participation Right is set at 10% ten percent for a period of 10 ten years, where the right is calculated as a percentage of the gross proceeds from any transaction whereby Kermode sells any interest in the project.
There are no Net Smelter Return royalty payments, nor work commitments.
EASTGATE BC:
To earn 100% ownership of the project, Kermode must assign the vendors a Net Smelter Return royalty and a Sales Participation Right as described below.
The Net Smelter Return royalty is set at 5% five percent with a buy-down of
$5M five million dollars to reduce the royalty to zero.The Sales Participation Right is set at 25% twenty five percent for a period of 10 ten years, where the right is calculated as a percentage of the gross proceeds from any transaction whereby Kermode sells any interest in the project.
There are no exploration spending commitments, share payments, nor cash payments.
VIGH GRAPHITE:
To earn 100% ownership of the project, Kermode must assign the vendors a Net Smelter Return royalty and a Sales Participation Right as described below.
1,500,000 common shares of Kermode on or before
December 8, 2026 . In addition to the payment of 1,500,000 common shares made onDecember 8, 2023 .The Net Smelter Return royalty is set at 5% five percent with the following buy-down conditions. Three percent 3% can be eliminated for
three million dollars $3,000,000 , reducing the royalty to 2%.The Sales Participation Right is set at 10% ten percent for a period of 10 ten years, where the right is calculated as a percentage of the gross proceeds from any transaction whereby Kermode sells any interest in the project.
There are no exploration spending commitments, nor cash payments.
Qualified Person
The technical information in this news release has been reviewed and approved by Mr.
QA/QC Statement
The most recent work conducted on the subject property by the Company utilized commercial laboratories for all geochemical analyses and was conducted using industry-standard chain of custody procedures with all samples. Due to the preliminary nature of the field geochemistry programs, no blind analytical blanks and standards were utilized by the Company; and only the internal procedures employed by the commercial laboratories were utilized for QA/QC protocols. The Qualified Person is satisfied that these procedures and protocols are sufficient for current status of the subject property.
About Kermode
Kermode is a junior mining company hunting for exploration opportunities around the world.
On Behalf of the Board of Directors,
"Peter Bell"
President/CEO
For further information please contact:
Tel: 1-250-588-6939
Email: peterbellmining@gmail.com
Website: https://linktr.ee/kermoderesources
Neither the
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and
Forward-looking statements in this document include but not limited to results, analyses and interpretations of exploration programs. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date.
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