Impact: Positive
Kesselrun announced results for nine holes from its 2021 drilling program (19,750m) at the Fisher zone, part of its 100%-owned Huronian Au project in Ontario. We view these results positively as ongoing modeling of the Fisher zone has identified multiple new, high-grade zones in both the footwall and hanging wall sides of the zone, located in close proximity. We are encouraged to see the identification of multiple new zones at Fisher and believe they could positively impact a potential future resource update. As we outlined in our initiation report, we believe that the Fisher and McKellar zones should form the basis for a future mineral resource update that we estimate would likely fall between 0.5M to 1.0M oz Au.
