KAPA GOLD Provides Update ON Blackhawk Sampling Program
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 UPDATE ON BLACKHAWK SAMPLING PROGRAM
VANCOUVER, BC – February 22, 2023 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa” or the “Company”) is
pleased to provide the following update on recent geological mapping and sampling at its 100%
owned Blackhawk property.
Kapa has received the final report summarizing an extensive geological mapping and rock sampling
program undertaken on the Blackhawk project , Lucerne Valley, California (Figure 1). This program
took place during October 2022 and was focused on areas distant from the property’s historic
underground precious metals workings which are located on patented claims (Figure 1).
Figure 1. Areas investigated during the 2022 exploration program, Blackhawk property.
The areas investigated were the Partin Quarry area and the Mill Site area, (Figure 1). Sixty nine rock
grab samples were collected, with over 80% returning enhanced to highly anomalous abundances of
ore related elements. All samples were analyzed for 53 elements by ICP at ALS Labs in Vancouver.
Grab samples from outcrops in the reclaimed Partin Quarry area and historic prospects and
outcrops-sub crops with secondary mi nerals across the Mill Site area returned highly significant
precious and base metal concentrations: some samples returned greater than 25 g rams per tonne
gold, greater than 100 grams per tonne silver, and values of copper, lead and zinc greater than 1%.
The Company is proceeding with check assays for all samples with metallic abundances greater than
the upper detection limit. Of particular note , several samples returned highly anomalous values of
tellurium and indium, both of which have been deemed strategic metals by the US Government.
Samples with anomalous precious and base metal abundances extend from the western end of the
Mill Site area to the eastern most claims of the Blackhawk property. These mineralized samples
confirm that the mineralized trend extends eastward from the historic workings for a distance of
approximately 4.5 km (Figure 2).
Figure 2. Distribution of enhanced to highly anomalous grab samples collected during the October
2022 exploration program (image from Google Earth, 2023).
The lithostructural setting of mineralization along the Mill Site area is similar to that observed at the
historic workings and reported within the Company’s Na tional Instrument 43-101 report for the
Blackhawk property filed on SEDAR on May 16, 2022 . The Partin Quarry area findings provide
unequivocal geological and geochemical evidence for both skar n mineralization and manto -style
carbonate replacement (CRD). Both the skarn and CRD geological settings represent new geological
models for exploration on the Blackhawk property. Utilizing this newly acquire geological and
geochemical data, the Company has initiated a detailed drone magnetometer survey over the Partin
Quarry and Mill Site areas in order to define prospective intrusion-carbonate contacts.
Further information will be provided when the drone surveys can be correlated with the geology and
mineralized zones.
As previously reported, Kapa is proceeding with its environmental consultants to obtain permitting
to re -habilitate existing roads to enable access to historic workings on the Lookout to Santa Fe
patent claims . Once th e permitting has been approved, the Company will re -open the historic
underground workings for further investigation.
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 Kapa
Kapa Go ld, led by an experienced capital markets and geologic team, is focused on exploring its
100% owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic
mineralization.
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 responsibi lity 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" and include statements regarding the anticipated future exploration work on the
Blackhawk propert y. Forward -looking statements and information contained herein are based on
certain factors and assumptions regarding, among other things, the availability of contractor’s to
complete the proposed exploration work . While the Company considers its assumptio ns 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
undertake to update any forward -looking statements or information except as may be required by
applicable securities laws.