Archive for November, 2009

Kaminak Identifies New “Granite-Hosted” Style of Gold Mineralization on the Coffee Property: Additional 284 Claims Staked to Cover Priority Targets

Kaminak Gold is pleased to announce final 2009 assays from the Company’s 100% owned Coffee Property. Results reported here are from the Kona and Espresso Zones and are in addition to high-grade trench results previously released from the Supremo and Latte Zones. Gold mineralization at the Kona and Espresso Zones is hosted by Cretaceous-aged granite, representing a new host rock to mineralization in the White Gold District. Until now, mineralization in the White Gold District was thought to be hosted entirely by much older Paleozoic gneissic and schistose rocks. Based on this work, Kaminak has acquired by staking additional Cretaceous granite hosted targets within the district.

Key Results:

  • Kona trend grab samples yield up to 3.9 g/t Au within newly recognized host rock (Cretaceous-aged Coffee Creek granite)
  • New staking adds 284 claims (5,500 hectares) covering high-priority targets. Coffee property now totals 993 claims (19,900 hectares)
  • Espresso trend extended and remains open: soil values up to 1.04 g/t Au

“Our 2009 exploration program successfully defined four significant gold trends on the Coffee property over a total length of 11km,” stated Rob Carpenter, President and CEO of Kaminak. “We have only covered approximately 20% of the property with soil sampling and anticipate completing a significant soil sampling and trenching program next year in addition to diamond drilling “.

Kona Trend

The Kona Trend, 5km west of the high-grade Supremo Zone, comprises a northeast trending >50 ppb Au soil anomaly traceable for over 1,500m along strike and up to 500m wide. Updated maps are now available on the Company website at www.kaminak.com. A series of anomalous grab samples were obtained along the southern margin of the target, ranging from 0.19 g/t Au to 3.92 g/t Au. The area has not been trenched since results were received subsequent to the field season.

Geological mapping has confirmed that the mineralization is hosted by the Coffee Creek granite, which is inferred to be Cretaceous in age, representing a new host to gold mineralization in the White Gold District. Kaminak has staked an additional 284 claims covering the known extent of the Coffee Creek granite.

Espresso Trend

The Espresso target, 1km west of the Kona trend, was identified late in the summer of 2009 and constitutes a broadly northeast trending > 25 ppb Au soil anomaly traceable for 1200 meters by 750 meters that is open to the west. The 2010 program will target the western portion of the soil anomaly, not trenched in 2009, containing two soil values of 1.04 g/t Au and 0.72 g/t Au.

Anomalous gold values on the Coffee property are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. The host rock is heavily altered; however, a progression from fresh rock can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As) and antimony (Sb). Overall, gold values for 100 total rock samples reported here ranged from below detection level to a high of 3.9 g/t Au. Trench sampling consisted of continuous chip samples over 5m intervals of oxidized and weathered rubble sub-crop that is interpreted as being near in-place.

QA / QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak’s President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. Rock samples were shipped to Acme Laboratories of Vancouver, B.C. for analyses. Certified reference materials are inserted into the batch and results were verified by a British Columbia Certified Assayer. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

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Kaminak Announces Surface Gold Discoveries from the Newly-Recognized Latte Trend; Coffee Property

Kaminak Gold is pleased to announce additional trench assays from the Company’s 100% owned Coffee Property located in the Yukon White Gold District. Results reported here are from the newly-recognized Latte Zone and are in addition to high-grade trench results previously released from the Supremo Zone. The Latte Zone is located approximately 1.5km south of Supremo and represents a separate mineralized target which exhibits similar geological characteristics as other known gold discoveries in the White District.

Key Results:

  • Latte trend yields 0.59 g/t Au over 35m (open to the south); 1.01 g/t Au over 10m and grab samples up to 2.35 g/t Au
  • Mineralization encountered over 300m strike length and remains open along trend and is hosted within a larger and untested gold-in-soil trend (Latte) known to extend for at least 1,000m long by up to 200m wide
  • Gold is co-incident with a major structural trend and is associated with typical “White District” pathfinder elements arsenic (As) and antimony (Sb)
  • 2009 soil sampling identifies new 700m long untested gold-in-soil anomaly uncovered between Supremo and Latte Zones

“The Latte Zone represents the second significant surface gold discovery identified on the Coffee property this year,” stated Rob Carpenter, President and CEO of Kaminak. “These results illustrate the potential of the property to host multiple drill targets for 2010.”

Latte Trend

The Latte gold-in-soil anomaly is located approximately 1,500m south of the main Supremo Zone and is defined by an east-west trending >50 ppb Au soil anomaly that has a 1,000m long strike extent and is 200m wide.  Three evenly spaced trenches were cut across a 250m long portion of the anomaly and significant gold results were encountered in each trench (visit Company’s website at www.kaminak.com for maps).  The most westerly trench yielded 1.01 g/t Au over 10m and a separate zone of 0.56 g/t Au over 15m while the central trench yielded 0.59 g/t Au over 35m. The easterly trench yielded 0.60 g/t Au over 10m. Additionally, a grab sample located 90m further east assayed 2.35 g/t Au. These assays confirm the potential for broad zones of mineralization at the Latte target and exploration in 2010 is expected to include additional trenching and drilling.

New Soil Trend Identified

Soil sampling has identified a previously unknown gold-in-soil anomaly located midway between the Supremo and Latte trends. This new anomaly measures at least 700m long (open to the west) and is defined by gold-in-soil values ranging from 33 ppb Au to a high of 84 ppb Au. No trenching has been completed on this target as of yet; however it appears to spatially separate from both the Supremo and Latte Zones. Evaluating the gold potential of this new trend will be a priority during the 2010 exploration program.

Anomalous gold values on the Coffee property are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. This host rock is heavily altered; however, a progression from fresh rock can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As) and antimony (Sb). Overall, gold values for 34 total samples reported here ranged from below detection level to a high of 2.35 g/t Au. Trench sampling consisted of continuous chip samples over 5m intervals of oxidized and weathered rubble sub-crop that is interpreted as being near in-place.

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Network Exploration Completes Airborne Survey on Yukon Property

Network Exploration Ltd. has completed an airborne geophysical survey of its 25 quartz mineral claims in the Yukon territory.

A low-level, multisensor airborne geophysical survey over the company’s Yukon property collected data from magnetic and radiometric instruments using a Bell 206 BIII helicopter equipped with a cesium vapour magnetometer sensor in a nose stringer (with sensitivity better than 0.01 nanoTesla with compensation) and 8.4 litres of of NaI gamma radiation detection crystals.

Precision GeoSurveys Inc. of Vancouver, B.C., was contracted to perform this survey which is designed to assist in the interpretation of bedrock units, structure and alteration. Survey lines were flown over the approximate 522-hectare property on an east-west orientation (as the regional trend is northwest-southeast) with 100-metre spacing and 1,000-metre spacing for tie lines.

Interpretation of results will be released when available.

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Alix and Cloudbreak do an Airborne Survey in the Yukon

Alix Resources Corp. and Cloudbreak Resources Ltd. have contracted Precision GeoSurveys Inc. of Vancouver, B.C., to conduct a low-level, multisensor airborne geophysical survey over the 25 recently acquired Yukon “Strike” gold claims. The property will be flown at 100-metre spacings for survey lines and 1,000-metre spacings for tie lines.

A high-sensitivity magnetometer system will assist in interpreting bedrock units, structure and alteration. The radiometric system will consist of a multichannel spectrometer with state-of-the-art design to map rock units and alteration patterns.

The companies are also awaiting results from the lab on approximately 2,000 samples taken from various locations on the companies’ more than 300 claim blocks in the White Gold area.

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