Kitrinor Reports Results of Culroc Preliminary Drill Program
TORONTO, ONTARIO -- (Marketwire) -- 03/20/13 -- Kitrinor Metals Inc. (TSX VENTURE: KIT) ("Kitrinor" or the "Company") is pleased to announce the results of a preliminary drill program on the Company's Culroc property of six holes totalling 2,229 metres that was completed during the period December 14, 2012 to January 22, 2013 as shown in the table below. The Culroc property is located in Sothman Township approximately 60 kilometres south of Timmins, Ontario and is surrounded by claims controlled by SGX Resources Inc. ("SGX"). In a news release dated January 26, 2012, SGX announced the discovery of a new gold zone on their adjacent acreage called the Edelston Zone. SGX has traced this zone by diamond drilling along strike and immediately to the north of the Culroc claims. The Edelston Zone dips to the south and Kitrinor's preliminary drill program targeted the down dip extension of the Edelston Zone beneath the Culroc claims.
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Hole From (m) To (m) Core Length (m) Gold (g/t)
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C-12-01 184.78 281.91 97.13 0.3
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Including 198.64 225.64 27.00 0.4
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Including 198.64 211.64 13.00 0.6
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Including 198.64 204.64 6.00 0.9
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C-12-02 244.08 255.80 11.72 0.2
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C-12-02 285.10 286.10 1.00 4.1
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C-13-03 163.47 171.47 8.00 0.5
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C-13-04 164.42 165.42 1.00 0.3
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C-13-05 251.68 252.70 1.02 0.4
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C-13-06 110.50 111.50 1.00 0.4
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All of the holes intersected wide core lengths (285 to 375 metres) of deformed and altered metavolcanic and ultramafic rock containing scattered anomalous gold values. Interpretation of the collected data suggests that hole C-12-01 cut the interpreted down dip extension of the nearby Edelston Zone.
Don Hawke, Vice President, Exploration stated, "Compilation and interpretation of all of the geological and assay data from this preliminary drill program suggests the presence of a northward trending normal fault near the northeast corner of the claims that may have down dropped the westward extension of the mineralized section encountered in hole C-12-01. This data provides Kitrinor with valuable information regarding which holes could be deepened to further investigate the continuation of the Edelston Zone on the Culroc property."
Kitrinor has implemented a quality-control, quality assurance program to ensure best practice in the sampling and analysis of the drill core. Samples were sent to SGS Canada Inc.'s Cochrane facility ("SGS") and they were analysed using a standard fire assay with ICP-OES finish. NQ size drill core is saw cut and half the drill core was sampled at appropriate intervals. The remaining half of the core is stored in a secure location. The sampled drill core was transported in security-sealed bags to the SGS laboratory by Kitrinor or picked up at the core logging facility by SGS personnel. SGS is an ISO/IEC 17025 certified laboratory by the Standards Council of Canada. In addition to quality assurance controls at the laboratory, blanks and certified standards were inserted into the sample stream at random intervals.
The technical data in this press release has been reviewed and approved by D.R. Hawke M.Sc., P. Geo., a qualified person as defined in National Instrument 43-101.
About Kitrinor Metals Inc.
Kitrinor is currently focused on three exploration projects located in northern Ontario - Culroc, Caley Lake and Feather River-Bayview. The Culroc property consists of one claim (two units) strategically positioned on the Edleston Zone presently being explored by SGX Resources Inc., located in the northwestern portion of Sothman Township, approximately 60 kilometres south of Timmins. The Caley Lake property consists of eight unpatented claims (90 units) located in the Patricia Mining Division approximately 25 kilometres southwest of Pickle Lake where drilling is currently being undertaken by Tri Origin Exploration under an option with Kitrinor. The Caley Lake property surrounds Barrick Gold's Koval property which has a drilled inferred inventory of 310,000 tonnes at 6.9 g/t gold. The Feather River-Bayview property consists of seven staked claims (76 units, 1,216 hectares) located in St. Germain Township, approximately 42 kilometres west of Wawa. A recently completed National Instrument 43-101 report on this property which can be viewed on the Company's website or on www.sedar.com.
For further information please visit Kitrinor's website (www.kitrinormetals.com).
Forward-Looking Statements:
This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Statements in this press release regarding Kitrinor's business which are not historical facts should be considered "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe Kitrinor's future plans, objectives or goals, including words to the effect that Kitrinor or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Kitrinor Metals Inc.
Patrick Mohan
President
416 366 9192
pmohan@kitrinormetals.com
www.kitrinormetals.com
