Kesselrun Resources (TSXV: KES) Secures Ontario Government Grant to Advance High-Grade Huronian Gold Project

Key Highlights:

• Kesselrun Resources (TSXV: KES) receives $200,000 from Ontario’s Junior Exploration Program (OJEP) to accelerate exploration at the Huronian Gold Project.
• Huronian Project hosts high-grade gold with historic estimates of 44,592 oz Au @ 15.3 g/t Indicated and 501,377 oz Au @ 14.4 g/t Inferred.
• Exploration work will include geophysical and geological surveys ahead of planned 2025 drill programs.

Kesselrun Resources (TSXV: KES) is doubling down on exploration at its 100% owned Huronian Gold Project after securing a $200,000 grant from the Ontario Government’s Junior Exploration Program (OJEP). The funding will help drive geophysical and geological surveys, aiming to define high-priority drill targets for the next phase of exploration in 2025.

Located just two kilometers south of the Moss Gold Project, which hosts 1.54M oz Au Indicated and 5.2M oz Au Inferred, Huronian is shaping up to be a key gold property in Ontario's prolific mining belt.

According to Michael Thompson, CEO of Kesselrun, the funding will significantly support the company's grassroots exploration strategy.

“This grant is crucial for accelerating our work at Huronian, allowing us to expand exploration while minimizing dilution. With fieldwork wrapping up soon, we anticipate a strong pipeline of targets ready for drill testing in 2025.”

Huronian: A Forgotten Gold Camp with Untapped Potential

The Huronian Project hosts the historic Huronian Gold Mine, Northwestern Ontario’s first-ever producing gold mine, with a legacy of high-grade production and strong exploration upside. The project spans 4,600 hectares and features both high-grade and bulk-tonnage targets.

While its historic 1998 resource estimate outlined significant ounces, the property remains largely untested at depth and along strike, presenting a major exploration opportunity.

Historic resource estimates for Huronian:

• Indicated: 44,592 oz @ 15.3 g/t Au
• Inferred: 501,377 oz @ 14.4 g/t Au

Although the historic resource is non-compliant with modern NI 43-101 standards, Kesselrun sees it as a strong guide for future drilling, with additional work required to confirm its validity.

The Ontario Government’s support for early-stage exploration aligns with its broader push to strengthen the province’s mining sector. Minister of Mines, George Pirie, emphasized the importance of backing junior explorers:

“Ontario’s mining sector depends on early exploration to discover the mines of the future. Supporting companies like Kesselrun helps drive economic growth and job creation in northern communities.”

Strategic Positioning Next to Goldshore’s Moss Gold Deposit

Beyond its historic mine, Kesselrun’s Huronian Project sits adjacent to Goldshore Resources’ (TSXV: GSHR) Moss Gold Deposit, one of Ontario’s largest undeveloped gold assets.

Moss Gold’s 2024 resource update outlined:

• 1.54M oz Au @ 1.23 g/t Indicated
• 5.2M oz Au @ 1.11 g/t Inferred

With Huronian sharing the same lithological package and structural trends, the potential for a significant gold discovery is on the table. If Kesselrun can confirm a direct extension of Moss Gold’s mineralization, it could put the company on the radar of major gold developers.

“The geology suggests that Huronian has the same structural controls as Moss Gold, and we believe further drilling will unlock its true potential.” – Michael Thompson, CEO of Kesselrun Resources.

What’s Next for Kesselrun?

With exploration work funded and set to wrap up soon, Kesselrun is gearing up for an eventful 2025, with a focus on:

✔ Targeted geophysical surveys to refine drill targets.
✔ Drill testing new zones along strike and at depth.
✔ Potential expansion of the Huronian resource base.

As gold prices hold steady near record highs, Kesselrun’s progress at Huronian could put it on the map as a high-potential gold play in Ontario. With strategic positioning next to a major deposit and government backing to accelerate exploration, 2025 is shaping up to be a defining year for Kesselrun Resources.

At the time of writing this article, Kesselrun Resources (TSXV: KES) is trading at $0.0400 CAD, up by 14.27%