Kestrel Gold Inc. Updates on QCM Property Drilling by Centerra Gold

Kestrel Gold Inc. has reported the progress of Centerra Gold Inc.'s drilling at the QCM gold property in central British Columbia. Under an agreement, Centerra aims to earn a 75% interest in QCM by investing $6.5 million in exploration, including 13,500 meters of drilling, by May 2029.

Currently, Centerra has allocated a budget of $3 million for up to 7,500 meters of diamond drilling. As of early July, 2,640 meters across nine holes have been drilled. Intervals of quartz veined tuff and greywacke with various mineralization indicators have been encountered.

Key historical drilling results at the Main Zone include gold concentrations such as 2.86 g/t over notable lengths. Pat Lynch, Kestrel's CEO, expressed optimism for forthcoming analytical results.