Kapuskasing Stakes Claims on the Great Northern Peninsula, Newfoundland
TSX VENTURE: KAP
Vancouver, British Columbia (FSCwire) - Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces today it has acquired by staking, a 100% interest in three claim blocks totaling 65 units and covering a 1625 hectare area near the town of St. Anthony on the Great Northern Peninsula, Newfoundland. The Claims were staked to cover the same favourable geology to that of White Metals Resources Corporations new discovery (The Great Brehat Project) where they recently announced significant amounts of highly anomalous gold values over approximately a 15 sq Km area in black sedimentary shale units (See White Metals Resources Corp. Press Release dated November 20, 2017). The Company believes this could potentially be a very important new discovery in a unique geological environment similar to that of other large gold deposits hosted in black shale environments around the world. A significant number of claims have been staked in recent months by various Companies and individuals in this very underexplored area. The company will plan an exploration program to evaluate the geological potential over the coming months.
Mr. Garry Clark P.Geo, (Exploration Manager and a director of the Company) a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed the technical content of this release.