KAPA GOLD Provides Permitting, Historic Drilling and Surface Sampling Updates
Kapa Gold Inc.
Suite 1400 – 1199 West Hastings Street
Vancouver, BC, V6E 3T5
Tel: 604-961-9442 | [email protected]
www.kapagold.com
KAPA GOLD PROVIDES PERMITTING, HISTORIC DRILLING AND SURFACE SAMPLING
UPDATES
VANCOUVER, BC – March 5, 202 5 – KAPA GOLD INC . ( TSXV:KAPA) (“Kapa” or the “Company”) is
pleased to provide an update on drilling preparations regarding its Blackhawk Gold Project
(“Blackhawk”).
Studies and Permitting
Kapa has initiated biological surveys on the areas surrounding the proposed drill holes to ensure any
sensitive species can be completely avoided by the exploration activities. It has also submitted the
requested bonding to San Bernardino County to allow for future drilling on Blackhawk’s patented
claims.
Figure 1. Project boundary, target areas and geochemistry results at Blackhawk project.
Sampling Update
In January of 2024, the C ompany commenced baseline studies and field geological work. A site visit
was conducted from January 15 to 20 that conducted a channels rock chips sampling program aimed
at verifying historical data at two main target areas, within new Timber -Boat-Hilltop zone (TBH) and
Santa Fe zone (Figure 1). A total of 21 samples were taken and assayed and the results highlighted
two main areas, Sante Fe as a open pit target and TBH as a possible shallow skarn target (feeders),
with grades up to 0.4 m @ 59 gpt Au, 128 gpt Ag, 1.14% Cu, 7.36% Pb, 0.96% Zn (sample 5936, Table
1).
From December 10 to 14 the Company conducted a follow up exploration phase targeting the
verification of historical data discovered during 2024 as well as refining potential drill targets. The
program focused on channels rock chips sampling around Santa Fe and Timber targets. A total of seven
samples were taken and assayed, results at Timber returned grades up to 0.4 m @ 1.42 gpt Au, 75.4
gpt Ag, 0.41% Cu, 2.67% Pb, 3.39% Zn (sample 5952, Table 1).
Table 1. Exploration results, sampling program 2024.
Historic drilling
During 2024, the Company discovered a previously unassessed data cache of historic documents.
Within these documents, 16 historic holes were discovered and compiled to build a 3D view in
Leapfrog to visualize drill hole intercepts at Santa Fe, Lookout and Cliff target s for the purposed of
evaluating potential resources exploration potential and upside. Drill hole sample results discovered
did not include certificates to validate results, so twin holes were included and prioritized for the near-
term exploration program.
Sample Origin Target lenght (m) width (m) Description Year Au_ppm Ag_ppm As_ppm Cu_ppm Pb_ppm Zn_ppm
5922 UG Santa Fe 0.40 0.20
Trust fault, 157°/31°, 0.4 m wide at bottom
of 2 m structure, Carbonate rocks, bleach
out, bx tect, lattice tex (booling), Mn++, hm-
goe+++ in frag and voids
2024 1.59 0.90 9.00 75.00 636.00 296.00
5923 UG Santa Fe 0.80 0.20
Trust fault, 157°/31°, upper segment, 0.5 m,
Carbonate rock, bx tect, Kao++, hm++ earthy
and as pigments
2024 0.02 0.40 2.00 36.00 100.00 130.00
5924 UG Santa Fe 0.40 0.20
Trust fault, 157°/31°, 0.4 m wide at bottom
of 2 m structure, Carbonate rocks, bleach
out, bx tect, Mn++, hm-goe+++ in fractures
2024 2.48 1.00 16.00 112.00 1415.00 477.00
5925 UG Santa Fe 0.50 0.20
Trust fault, 157°/31°, upper segment, 0.5 m,
Carbonate rock, Kao++, hm++ earthy and as
pigments
2024 0.03 <0.2 4.00 87.00 279.00 390.00
5926 Surface Santa Fe 0.60 0.20 Trust fault, 155°/17°, 0.6 m wide bx tect, 0.2
m hm+++, silif+ 2024 0.03 <0.2 <2 32.00 49.00 67.00
5927 Surface Santa Fe 0.60 0.20 Carb rock, dark color, hm++ as pigments, Mn
in fractrures, bx tect 2024 0.01 1.20 3.00 10.00 27.00 69.00
5928 Surface Santa Fe 2.00 0.20 Trust fault, 104°/52°, 0.2-2 m wide, 50 m long
outcrop, hm+++ in vls, Mn in fractures 2024 0.01 <0.2 <2 7.00 19.00 81.00
5929 Surface Santa Fe 0.60 0.20 Limestone, fract+++, hm+++, Mn+, 2 m wide 2024 0.01 <0.2 <2 20.00 18.00 62.00
5930 Surface Dale 1.00 0.20 Fault, bx tect, 188°/46°, 1 m wide, qz-cac
vein, silf++, hm++ 2024 <0.005 <0.2 <2 4.00 4.00 46.00
5931 Surface Dale 1.00 0.20 Dump samples, arcosic sand/carb rock, Mn+,
hm+++, malaquite (exotic), white qz frag
2024 6.89 4.80 23.00 278.00 2420.00 7990.00
5932 Surface Boat 0.60 0.20
Cataclastic zone (15 m), faul vein, 126°/81°,
0.6 m wide, bx tect, earthy hm++, vls white
qz
2024 0.02 <0.2 <2 4.00 10.00 22.00
5933 Surface Boat 0.60 0.20 Cataclastic zone (15 m), bottom, 0.6 m wide,
bx tect, silf++ 2024 0.01 0.20 2.00 5.00 6.00 16.00
5934 Surface Boat 1.00 0.20 Prospect pit, carb rock, hm+++ 2024 0.64 29.40 173.00 431.00 5360.00 51600.00
5935 Surface Boat 1.00 0.20 Prospect pit, carb rock, hm+++ 2024 0.03 0.40 12.00 35.00 470.00 227.00
5936 Surface Timber 0.40 0.20
Fault vein, 1.2 to 1.5 m, 84°/46°,
mineralization at top and bottom, top 0.4 m
wide, 20 m long ore, bx tect, jap, qz white
and hialine, hm+++, hanging wall, carb rock
beach out, goe++ diss
2024 59.00 128.00 164.00 11400.00 73600.00 9670.00
5937 Surface Timber 0.20 0.20 Same 2936, bottom bx tect, hm++, arg++ 2024 0.40 2.60 27.00 178.00 6540.00 5770.00
5938 UG Santa Fe 1.00 0.20
Fault, bx tect clast support, 104°/41°, 1 m
wide, hm+++, silf++, arg++, carb rock, bleach
out
2024 0.03 0.40 2.00 19.00 269.00 259.00
5939 UG Santa Fe 2.00 0.20 hm+++, silf++, arg++, carb rock, bleach out 2024 0.01 <0.2 <2 13.00 223.00 134.00
5940 Surface SE (Parton) 0.80 0.20
Fault vein, 82°/81°, 0.8m wide, qz granular
vls, hm-goe++ in fract, Mn+, boxwork tx, arg
alt++, sm-ser / kao
2024 0.02 8.90 <2 1010.00 2290.00 10700.00
5941 UG SE (Parton) 0.60 0.20 Fault vein, 262°/51°, 0.6 m wide, goe+++ in
fract, Mn+, arg alt++, 50 m halo 2024 0.01 4.90 <2 345.00 3190.00 2870.00
5942 Surface West of
Timber 0.30 0.20
Fault vein, 232°/61°, 0.1 to 0.3 m wide,
granular qz hialine, hm-goe+++, OxCu+ in
fractures, arg++, bleach out carb rocks.
2024 0.48 113.00 22.00 19150.00 45300.00 31600.00
5946 Surface Santa Fe 0.2 1 Carbonate rocks, bleach out, int fract, Mn++,
hm-goe+++ in fractures 2025 0.008 0.3 <2 39 11 18
5947 Surface Santa Fe 0.2 0.8 Carbonate rocks, bleach out, int fract, Mn++,
hm-goe+++ in fractures 2025 <0.005 0.3 <2 2 2 15
5948 Surface Santa Fe 0.2 1 Carbonate rock, int fract, Kao++, hm++
earthy and as pigments 2025 0.048 0.3 <2 10 56 133
5949 Surface Santa Fe 0.2 1 Gneiss rock, gree color, mod fract, Trust
fault, aplitic veins (2 to 5 cm), Kao+ 2025 <0.005 0.2 <2 4 42 40
5950 Surface Santa Fe 0.2 1 Carbonate rocks, bleach out, int fract, Mn++,
hm-goe+++ in fractures as pigments 2025 <0.005 0.3 <2 2 32 14
5951 Surface Santa Fe 0.2 1 Carbonate rocks, bleach out, int fract, Mn++,
hm-goe+++ in fractures 2025 <0.005 <0.2 <2 52 4 45
5952 Surface Timber 0.2 0.4
Fault vein, 1.2 to 1.5 m, 84°/46°,
mineralization 0.4 m, 20 m long ore, bx tect,
jap, qz white and hialine, hm+++, hanging
wall, carb rock beach out (marble), goe++
diss
2025 1.42 75.4 55 4130 26700 33900
Table 2. Historic drill holes compilation.
Item Hole ID Target Depth Year
1 BEAR 1 Santa Fe 65.532 1985
2 BEAR 10 Santa Fe 71.628 1985
3 BEAR 11 Santa Fe 59.436 1985
4 BEAR 12 Santa Fe 41.148 1985
5 BEAR 13 Santa Fe 53.34 1985
6 BEAR 2 Lookout 35.052 1985
7 BEAR 3 Lookout 41.148 1985
8 BEAR 4 Lookout 65.532 1985
9 BEAR 5 Lookout 62.484 1985
10 BEAR 6 Lookout 89.916 1985
11 BHC-7 Lookout 15.24 1985
12 BEAR 14 Cliff 65.532 1985
13 BEAR 15 Cliff 65.532 1985
14 BEAR 16 Cliff 60.96 1985
15 BEAR 17 Cliff 59.436 1985
16 BEAR 18 Cliff 53.34 1985
Drill Targeting Update
Based on the field work and historic data, the next phase of sampling is schedule to test the Santa Fe
zone, close to five of the historic drill holes that appear to be thrust fault controlled, near the original
underground operating mine and entirely on the patented claims. The sampling will focus on sampling
20 to 30 meters of the open cliff face, mimicking the results of the historic drill holes BEAR 10-13. This
detailed sampling and mapping will provide vital insights that will help with current geological
understanding and allow for the selection of the final drill holes that aim to both twin past drill holes
as well as locate potential step outs (Figure 2).
Figure 2. Santa Fe target, historic drill hole intercepts (near surfaces), open in all direction.
Procurement Process
As part of advancing the Blackhawk Gold Project efficiently, the Company has initiated the
procurement process for drilling contractors. The tender process saw strong participation, with seven
potential contractors submitting proposals. After a detailed evaluation, two contractors have been
shortlisted and the Company is currently engaged in direct negotiations with them. The final selection
and conclusion of negotiations are anticipated by mid-March, at which time a Letter of Intent (LOI)
will be issued, followed by the formal execution of a contract.
"We are pleased to be advancing the exploration and supporting permitting in this highly prospective
mining district that has seen so much past production” commented David K. Paxton, CEO of Kapa Gold.
The Company remains steadfast in its systematic approach to advancing the Blackhawk Gold Project
while prioritizing environmental stewardship and community engagement.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Dr. Allan Miller, PhD., P.Geo., Consultant and Senior Geologist of Kapa Gold Inc, a
“Qualified Person ” as defined in National Instrument 43 -101 Standards of Disclosure for Mineral
Projects.
About Blackhawk Gold Project
Blackhawk Gold Project is located in the historic Blackhawk Mining District in California, a region
renowned for its gold and silver production. The mine has a long history of precious metal extraction,
with several high -potential exploration targets identified. Kapa Gold is focus ing on establishing a
resource and developing a sustainable extraction strategy using modern techniques.
About Kapa Gold
Kapa Gold Inc. is a Canadian exploration company focused on advancing its portfolio of high-potential
gold projects in North America. The Company's flagship project, the Blackhawk Gold Property, aims to
deliver significant shareholder value through strategic exploration and development initiatives. Kapa
Gold is dedicated to responsible minin g, sustainable growth, and contributing positively to the
communities in which it operates.
To learn more, visit www.kapagold.com
On behalf of the Board of Directors
KAPA GOLD INC.
“David K. Paxton”
CEO and Director
For More Information Contact:
Konstantine Tsakumis
604-961-9442
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Information
Certain statements made, and information contained herein may constitute "forward looking
information" and "forward looking statements" within the meaning of applicable Canadian
and United States securities legislation. These statements and information are based on facts
currently available to the Company and there is no assurance that actual results will meet
management's expectations. Forward-looking statements and information may be identified by such
terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or
"would". Forward-looking statements and information contained herein are based on certain factors
and assumptions. While the Company considers its assumptions to be reasonable as of the date
hereof, forward-looking statements and information are not guaranteeing of future performance and
readers should not place undue importance on such statements as actual events and results may differ
materially from those described herein. The Company does not undertak e to update any forward -
looking statements or information except as may be required by applicable securities laws.