KAPA GOLD Provides Update ON Its Exploration Program at Its Blackhawk Property
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 ITS EXPLORATION PROGRAM AT ITS BLACKHAWK PROPERTY
VANCOUVER, BC – May 8, 2023 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa” or the “Company”) is pleased
to provide the following update on continuing exploration on its 100% owned Blackhawk property ,
Lucerne Valley, California.
As reported in the Company’s February 22, 2023 press release, many grab samples collected during
the October 2022 exploration program returned gold, silver and base metal values greater than the
upper limit of the chosen analytical method. Samples with metals values above analytical limits were
reassayed. The results confirm high-grade base and precious metal abundances along a 3.82 km strike
extending from the reclaimed Parton Quarry area to the area near the historic underground precious
metals workings in the Look Out area (Figure 1). Even though metal abundances vary considerably
between individual samples, high-grade assays of the following metals are: total gold assays range up
to 75.1 grams per tonne, silver up to 3 ,680 grams per tonne, copper up to 6.93%, lead up to 24.2%
and zinc up to 24.2%. Dykes and sills identified at some prospects are mineralized along with the
adjacent carbonate.
Figure 1. Location of high -grade base and precious metal prospects, Blackhawk Property California.
Note: road access is very good throughout the property (image from Google Earth).
In February and March 2023, an airborne drone magnetometer survey was completed over the
Blackhawk BLM and patented claims. The survey was flown with a terrain clearance of 35 meters and
a line separation of 50 meters . This detailed survey identified numerous magnetic anomalies that
extend from the Parton Quarry area westward towards the Look Out area. A preliminary review of the
total magnetic intensity map identified numerous highly magnetic an omalies along the entire east -
west strike length on the Blackhawk property. Magnetic anomalies are spatially associated with some
of the high-grade prospects.
The report presenting a detailed analysis of the airborne magnetic survey has yet to be received by
Kapa. Planning of a drill program will begin when that detailed geophysical analysis is received and
drill site locations determined. Further ground geophys ics such as induced polarization may aid in
determining drill hole collar location, angle and depth. Access along and across the Blackhawk
property in the area of the high -grade prospects is very good due to the network of county and
exploration roads (Figure 1).
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 Gold, led by experienced capital markets and geologic team, is focused on exploring its 100%
owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic
mineralization. Kapa Gold has recently optioned the historic Mastodon Project and is compiling
historical data in advance of recommendations for exploration programs.
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". 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 undertake to update any forward -
looking statements or information except as may be required by applicable securities laws.