Kestrel Partner Centerra Drilling at QCM Gold Property
NEWS RELEASE
Kestrel Partner Centerra Drilling at QCM Gold Property
Calgary, AB, July 9, 2025: Kestrel Gold Inc. (“Kestrel” or the “Corporation”, TSX-V: KGC) wishes
to provide an update on the ongoing work program by Centerra Gold Inc. (“Centerra”, TSX:CG or
NYSE:CGAU) on Kestrel’s QCM gold property (“QCM”) located in the Manson-Germanson area
of central British Columbia.
Centerra holds an exclusive option to earn a 75% interest in QCM by making cash payments
totalling $900,000 and completing $6,500,000 in exploration work, which must include a minimum
of 13,500 metres of drilling, by May 7th, 2029. Centerra’s current program has an approved
budget of $3,000,000, and includes plans for up to 7,500 metres of diamond drilling.
Drilling commenced at the Main Zone on May 25th, and as of July 6th a total of 9 holes and 2,640
metres have been completed. All h oles have encountered intervals of quartz veined tuff and
greywacke affected by variable intensity silica-ankerite-sericite-pyrite alteration with pyrite in
some areas. Drilling is also planned for the 14 Vein zon e which is a quartz veined and quartz-
sericite-pyrite altered zone located approximately 7.5 kilometres northwest of the Main Zone .
Analytical results for drilling will be released as they are received, compiled and interpreted.
Pat Lynch, President and CEO of Kestrel, states: “We are happy to see drilling well underway at
QCM where Centerra is currently undertaking the largest drill program to occur during Kestrel’s
time with the property. Alteration and veining, thought to be favourable for the presence of gold
mineralization, have been encountered by all completed holes and we eagerly look forward to
analytical results for this work.”
QCM Project Highlights:
• QCM is comprised of 8,729 hectares covering an approximate 15 -kilometre strike length
of the Manson Fault Zone which is thought to be a controlling structure for much of the
gold mineralization in the district.
• Peak values from historical pre-Kestrel drilling completed within the Main Zone were found
within hole 2004-002 which intersected an interval of 2.86 g/t Au over 110.95 metres,
including a high -grade interval of 173 g/t Au over 1.5 metres, true widths unknown.
Reverse circulation drilling by Kestrel at the Main Zone in 2021 intersected numerous gold-
bearing intervals including 0.847 g/t Au over 152.44 metres including 3.665 g/t Au over
16.77 metres . For further details see Kestrel’s April 23 rd, 2022 news re lease:
https://www.kestrelgold.com/news/apri-23-2022-r2xzf.
• Prospecting during 2022 resulted in the discovery of the 14 Vein showing, drilling of which
returned 2.33 g/t Au over 44.19 metres. Geology consists of quartz-sericite-pyrite altered
greywacke cut by sheeted quartz veins. For further details see Kestrel’s October 26, 2022
news release: https://www.kestrelgold.com/news/oct-25-2022-e7yzr.
• Numerous historical showings occur throughout the project area, including Farrell where
historical values of up to 1,777 g/t Au and 3,560 g/t Ag were returned from grab samples
of an up to 3.0-metre-wide quartz vein and Flagstaff where historical values of up to 5.9
g/t Au and 1,153 g/t Ag were reported for grab samples of quartz veins and stockworks.
• Kestrel owns a 100% interest in the QCM Property. For further details see Kestrel’s March
22, 2024 news release : https://www.kestrelgold.com/news/march-22-2024. Kestrel
subsequently granted Centerra the option to earn a 75% interest in QCM. For further
details see Kestrel’s May 8, 2024 news release: https://www.kestrelgold.com/news/may-
8-2024.
• Recently completed logging and associated road building has significantly improved
access throughout the property which is proving of significant value to exploration efforts.
Figure 1: Property Outline with Showings on Geology
Qualified Person
Greg Lynch P.Geo., a Qualified Person as defined by National Instrument 43 -101 who is also a
director of the corporation, has reviewed and approved the technical information contained in this
news release.
About Kestrel Gold
Kestrel Gold Inc. is an exploration company headquartered in western Canada and focused on
the Canadian Cordillera. Kestrel has earned a 100% interest, subject to a 2% NSR royalty with
buydown provisions, in the QCM Property which is an orogenic gold target located in the Manson-
Germanson placer district. Kestrel has also earned a 100% interest, subject to a 2.5% NSR royalty
with buydown provisions, in the KSD Property which is an orogenic gold target located in the
Yukon portion of the Tintina Gold Belt. Kestrel is listed on the TSX Venture exchange under the
symbol KGC. Readers are encouraged to refer to the Corporation’s website
“www.kestrelgold.com” for further information.
Forward-Looking Statements
The information and statements in this news release contain certain forward-looking information.
This forward-looking information relates to future events or the Corporation’s future performance
including exploration activity that could take place on the Corporation’s properties or projects.
This forward-looking information is subject to certain risks and uncertainties and may be based
on assumptions that could cause actual results to differ materially from those anticipated or
implied in the forward -looking information. The Corporation’s forward -looking information is
expressly qualified in its entirety by this cautionary statement. Except as required by law, the
Corporation undertakes no obligation to publicly update or revise any forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(as that term is defined in the policies of the TSX Venture Exchange) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information contact:
Pat Lynch, President and CEO
Office: (403) 660-3329
Email: [email protected]