Gold Candle Announces Positive Drilling Results at Kerr-Addison Open Pit
Gold Candle Ltd., a private mining company, has released additional assay results from its delineation drilling program at the Kerr-Addison open pit mineral resources. The findings, reported on February 18, 2026, indicate improved continuity and grades of mineralization, marking a significant step forward in the company's exploration efforts.
Enhanced Mineralization in Footwall Zones
The drilling targeted stacked footwall lenses within and adjacent to the existing open pit resources, as part of the Open Pit Infill and Chesterville East exploration program completed in 2025. This program involved 14,100 metres over 49 holes, with the latest assays revealing higher-grade intervals compared to historic drilling.
According to the company, the results outline a potential mineralized corridor of three to four stacked lenses. This corridor strikes northeast for approximately 400 metres with a width of about 300 metres, located southeast of the Kerr-Addison main zone.
Significant Intercepts and Resource Upgrades
Using a threshold of 20 GXM (grams per tonne x metres), 10 holes returned significant intercepts. Six of these holes included gold grades over 1.35 grams per tonne, where previous models had interpolated limited mineralization. Key intercepts include:
- KAD25-369: 14.48 metres at 1.99 g/t
- KAD25-378: 43.70 metres at 1.45 g/t
- KAD25-382: 35.25 metres at 1.81 g/t
- KAD25-383: 44.32 metres at 1.36 g/t
- KAD25-387: 15.0 metres at 1.76 g/t
- KAD25-389: 13.80 metres at 1.80 g/t
Additionally, four other intercepts successfully upgraded resource classification by achieving the planned 60-metre drill spacing, including KAD24-359 with 18.00 metres at 1.77 g/t and KAD25-374 with 20.00 metres at 3.42 g/t.
CEO Comments and Future Outlook
Rick Howes, Chief Executive Officer of Gold Candle Ltd., expressed optimism about the results. "We are very pleased with these latest results as they continue to demonstrate the potential for the stacked footwall zones to develop a level of continuity that, with more drilling, should positively impact our mineral resource inventory," he stated. "Further, the conversion of tonnes, that were previously estimated as very low grade or waste, to economic ore is very positive for our eventual operating plans and project economics."
As the company shifts focus to drilling for potential increases in the existing open pit mineral resource at Kerr-Addison, Gold Candle anticipates providing further exploration updates in the coming months. The findings underscore the ongoing efforts to enhance resource estimates and optimize project viability in the mining sector.
