Archive for September, 2011

PACIFIC RIDGE REPORTS GOLD INTERSECTED IN 9 OF 10 INITIAL HOLES DRILLED AT SKOOKUM MAIN TARGET, MARIPOSA PROJECT, YUKON

Pacific Ridge Exploration Ltd. has successfully completed its 2011 exploration program on its properties in the Yukon’s White Gold district. The 2011 exploration activity was focused on the Mariposa property, which included 6,000 metres of diamond drilling in 41 holes, grid-based soil sampling, ground and airborne geophysics, and geological reconnaissance work. The results of 10 of the 18 Phase 1 holes drilled in the Skookum Main target are included in this release. As shown in the summary table below, gold values were intersected in 9 of these 10 holes. The results received to date warrant continued drilling in 2012.

The Company also explored its other holdings in the district during the 2011 season. On the Eureka Dome Property, geochemical and airborne geophysical surveys were carried out, and geological reconnaissance was conducted on the Gold Cap Property.

Mariposa

This year’s 6,000 metre drilling program was designed as a widely-spaced preliminary drill test of 5 exploration targets defined by combinations of gold-in-soil anomalies, magnetic and electromagnetic geophysical signatures, float samples with anomalous gold content, and trenching results. The drill program was executed in 2 phases, with Phase 1 drilling testing targets at the Skookum Main (9 holes), Skookum West (3 holes), Maisy May (4 holes), Gertie (3 holes) and Hackly Gold (2 holes), followed by an additional 9 drill holes at Skookum Main. Phase 2 drill holes tested additional targets at Skookum West (10 holes), which were generated from this year’s soil and rock sample results.

Skookum Main

At Skookum Main, a total of 18 holes were drilled (3,005 metres) within an open-ended, northeast-trending 800 metre by 500 metre corridor. Skookum Main contains anomalous gold-in-soil results ranging to over 1,500 parts-per-billion (ppb), float samples grading to 8.1 grams per tonne (g/t) gold, and trench assays grading to 1.3 g/t gold over 30 metres. This widespread gold anomalism coincides with converging NE and NNE trending structures as interpreted from the airborne geophysical survey.

Assays received to date for the 10 of 18 holes drilled are reported below. In summary, 9 of these 10 holes reported gold intersections of which 8 contained multiple gold bearing intervals. Hole 11MP-01, for which an upper intercept of 2.44 g/t gold over 38.9 metres was previously reported, also intersected 2.59 g/t gold over 9.6 metres, including 6.51 g/t gold over 3.2 metres at depth. The previously reported results indicated gold within both surface trenches and upper, oxidized sections of rock drilled. The deeper intercepts reported below, for drill holes 11MP-01 and 11MP-08, have confirmed that gold also occurs within unoxidized sections at depth. Anomalous gold values are typically associated with potassium feldspar flooding and veinlets, as well as quartz breccias and pyrite as disseminations and/or stringers. Grade potential to depth is demonstrated by individual assays ranging to 9.24 g/t gold. Elevated gold values are commonly associated with increased pyrite content.

Drill hole 11MP-27 tested the Skookum Main anomaly to its greatest vertical depth (180m) and encountered similar mineralization. Core samples sent for rush assay service from this hole confirmed the association of gold with this style of mineralization, with an intercept of 1.03 g/t gold over 14.7 metres.

 

       2011 SKOOKUM MAIN - Drilling Results (10 of 18 Holes Reported)      
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                                                           Weighted    Prev-
                                                    Inter-    Grade  iously
Drill    Length     Azi-            From      To      val      (g/t   Repor-
Hole         (m)   muth      Dip      (m)     (m)      (m)     gold)    ted
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11MP-01     237     180      -50    29.1    68.0     39.0      2.44      (i)
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                                    82.7    95.5     12.8      1.66        
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                                   204.0   213.6      9.6      2.59        
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                        includes   210.4   213.6      3.2      6.51        
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                                                    no significant         
11MP-02     167     180      -67     3.1   167.4       results             
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11MP-03     170     180      -50   102.9   106.4      3.5      0.56        
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11MP-04     178     360      -50     4.0     8.9      4.9      1.50        
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                                    89.2    91.3      2.1      0.79        
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                                   108.8   110.2      1.4      1.03        
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11MP-05     192     180      -50     3.1    22.9     19.8      1.13      (i)
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                                    19.9    22.9      3.0      2.79      (i)
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                                    49.5    50.4      0.9      3.01        
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11MP-06     148     180      -65     3.7    49.2     45.3      0.63      (i)
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                        includes     5.6    13.9      8.3      1.01      (i)
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                                    22.3    25.8      3.5      1.55      (i)
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11MP-07     182     180      -45   130.3   133.2      2.9      1.62        
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                                   132.5   133.2      0.8      4.24        
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11MP-08     231     360      -45   186.9   198.9     12.0      1.67        
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                        includes   198.1   198.9      0.8      7.97        
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                                   213.5   222.7      9.2      1.40        
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                        includes   214.6   216.8      2.2      3.25        
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11MP-09     167     270      -45    17.7    22.5      4.8      1.01        
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                                    43.5    45.0      1.5      2.71        
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                                    73.0    74.1      1.1      1.88        
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                                    85.0    86.5      1.5      1.60        
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11MP-27     197     360      -50    22.2    25.5      3.3      0.86        
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                                    77.6    81.3      3.7      0.88        
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                                   124.0   138.7     14.7      1.03        
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                        includes   134.0   138.7      4.7      1.96        
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Sampling methods, analytical procedures and QA/QC protocols are as reported
in news release, July 28th, 2011

 

At Skookum Main, the drilling results to date have confirmed the presence of gold within the original Skookum Jim soil anomaly, both over a broad area and to depth. The complete drill results will be compiled to further assess the controls on the distribution of gold mineralization. The results to date warrant continued drilling in 2012 to test continuity and extent of gold zones intersected in this year’s program.

Skookum West

At Skookum West, 14 holes (1,672 metres) were drilled within an area of anomalous gold-in-soil results, float samples ranging in grade to 19.9 g/t gold and geophysical signatures suggesting the presence of favourable geologic structures. The results of drilling in this area will be reported when all assays are received.

Maisy May, Gertie and Hackly Gold

At Maisy May, 4 holes were drilled (774 metres) to test a broad multi-element soil geochemical anomaly with elevated gold, silver, antimony, and mercury values. The drill results identified minor, narrow sections with anomalous (greater than 100 ppb) gold, to a high of 2.2 g/t gold for an individual sample in hole 11MP-16. The holes intersected a section of variably oxidized, quartz-sericite-chlorite +/-pyrite schist, which may be an older, pre-existing alteration zone unrelated to the soil anomaly. The source of the soil anomaly has not yet been determined.

No significant results were returned from 3 holes (774 metres) drilled at Gertie, and 2 holes (300 metres) drilled at Hackly Gold. The first 2 holes, 11MP-17 and -18, in the Gertie area were abandoned due to poor ground conditions and failed to reach the target depth. On-going exploration in 2012 in these areas will require more detailed field evaluations and trenching prior to additional drilling.

Eureka Dome

A program of soil sampling along topographic ridges, spurs and contours was completed over the entire property. Also, an airborne magnetic/radiometric survey was conducted over the southern part of the claim block. The results from these surveys are. The property is located 40 kilometres north of Mariposa and is flanked by claims held by Smash Minerals to the southwest, Golden Predator to the west and Taku Gold to the east and north. Smash Minerals has been actively exploring the area south of the property boundary with trenching and drilling.

Gold Cap

A preliminary site visit was conducted to assess selected gold-in-soil trends that were defined from 2009-2010 sampling. The results of this work is pending. The property lies on the northeastern flank of Kinross’s White Gold project. It is comprised of the Gold Cap claim group, which is 100% held by the Company and the Polar Stewart claim group, which is held under option to earn 100% from Ryanwood.

Pacific Ridge currently has approximately $2.4 million in its treasury.

The technical information contained within this News Release has been reviewed and approved by Janice Fingler, P.Geo, Vice President Exploration of Pacific Ridge Exploration, and Qualified Person as defined by National Instrument 43-101 policy.

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NORTHERN TIGER RESOURCES REPORTS ASSAY RESULTS AT 3ACE PROPERTY, YUKON INTERSECTS 3.75 G/T OVER 13.2 METRES AND 13.81 G/T OVER 2.4 METRES

Northern Tiger Resources Inc. has now received assays for four diamond drill holes at the 3Ace property in the southeast Yukon. Assays are pending for an additional 18 holes and two drills are still turning on the property. These initial assay results confirm that the high-grade Main zone continues to depth and has a minimum strike length of 160 metres. It is open along strike in both directions and down dip.

“This is the first significant drill program at 3Ace, and we are very pleased with the continuity of the Main zone observed to date,” says Greg Hayes, president of Northern Tiger. “A strong nugget effect is inherent in high-grade vein systems, so assay grades are expected to be highly variable. In this type of system, it is very encouraging to see the zone has continuity and to have consistently hit gold mineralization. Work to date has reinforced management’s belief that 3Ace represents a significant new gold system with potential to host multiple deposits.”

Significant intercepts from the first four holes are shown in the table.

 

                      Interval           Width            Gold
Hole No.                   (m)             (m)           (g/t)

3A-11-10a            78.0-93.7            15.7            0.52
3A-11-11             78.0-91.2            13.2            3.75
Including            81.0-83.4             2.4           10.50
3A-11-12             77.8-81.2             3.4            1.26
3A-11-14             72.0-79.2             7.2            4.95
Including            76.8-79.2             2.4           13.81
                   108.0-135.0            27.0            0.59
Including          132.0-132.9             0.9            5.21
                   180.0-183.0             3.0            1.49

Note: 
Hole 3A-10-10 was lost due to difficult ground conditions at 
40-metre depth. The hole was steepened to minus-60 degrees 
and redrilled as 3A-11-10a.   
Reported intersections are drilled thicknesses, as true 
widths have not yet been determined.

 

Hole 3A-11-10a is a 38-metre step back from previously reported 3A-10-02 (dip, minus-55 degrees; azimuth, 270 degrees), which assayed 14.8 grams per tonne gold over 10.9 metres, starting at 24.6 metres (see news release dated Nov. 4, 2010). The gold intercept in hole 3A-11-10a is part of a larger 29.4-metre zone of arsenopyrite mineralization (weighted average of 1,526 parts per million arsenic).

Hole 3A-11-11 is a 28-metre step back from previously reported 3A-10-01 (dip, minus-55 degrees; azimuth, 270 degrees), which assayed 4.3 grams per tonne gold over 30.3 metres, starting at 49.1 metres (see news release dated Nov. 4, 2010). Visible gold was observed in hole 3A-11-11 at 82-metre depth (assaying 10.5 g/t over 2.4 metres). Visible gold was also observed at a depth of 128 metres, but sampling did not produce a significant gold assay.

Hole 3A-11-12 is a 25-metre step out to the north of hole 3A-10-01. Although the mineralized zone is relatively narrow in this hole, visual indications of mineralization from hole 3A-11-15a (a 31-metre step back from 3A-11-12) suggest the mineralized zone expands at depth. Assays are pending for 3A-11-15a.

Hole 3A-11-14 is collared 75 metres north of hole 3A-11-12 and is the most northerly hole drilled in the Main zone — 160 metres north of the discovery outcrop. The drilling intersected three distinct zones of gold mineralization.

Maps showing the drill hole locations and intercepts will be posted on the company’s website.

Geology

The 3Ace property is underlain by coarse-grained quartz pebble conglomerate (QPC) interbedded with sandstone and black shale beds. Three distinct phases of folding and faulting have been identified on the 3Ace property. Although these structural systems predate gold mineralization at 3Ace, they have provided important ground preparation and can act as pathways for mineralization. Gold mineralization at the Main zone is hosted by steeply dipping veins which form an en echelon array of fault segments that are linked by stockwork veins and breccia zones.

This news release has been reviewed and approved by Dennis Ouellette, BSc, PGeol, a qualified person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corp. of Richmond, B.C., using 50-gram fire assay and 50-element, four-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different-size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.

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Kaminak Drilling Increases Length of the Latte Gold Zone to 1350 meters; Remains Open in All Directions

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSXV) today announced assay results from 44 diamond drill holes from the Latte zone, located on the Company’s 150,000 acre Coffee Gold property, Yukon Territory. Kaminak discovered Latte in 2010 and successfully defined a linear structural zone 600m long that begins at surface. Drilling in 2011 has more than doubled the strike length of the Latte zone to at least 1350m and reaching 275m vertically below surface. Many holes host multiple intercepts and mineralization remains open in all directions.

Key Results

CFD-87 – 2.6 g/t Au over 31m (from 142m) and 1.1 g/t Au over 69m (from 184m)
CFD -96 – 2.2 g/t Au over 13m (from 75m) and 2.6 g/t Au over 14m (146m)
CFD-97 – 9.0 g/t Au over 3m (from 30m) and 15.5 g/t Au over 3m (from 218m)
CFD 115A – 2.1 g/t Au over 59m (from 142m) and 1 g/t Au over 10.6m (from 211m)
CFD-119 – 12.0 g/t Au over 3m (from 184m) and 2.5 g/t Au over 31m (from 240m)
CFD-123 – 13.5 g/t Au over 5m (from 219m) and 2.2 g/t Au over 21m (from 234m)

CFD-85 – 1.6 g/t Au over 38m (from 133m)
CFD-91 – 8.6 g/t Au over 10m (from 40m)
CFD-92 – 7.8 g/t Au over 5m (from 75m)
CFD-99 – 1.9 g/t Au over 41m (from 138m)
CFD-103 – 3.9 g/t Au over 17m (from 166m)
CFD-113 – 8.5 g/t Au over 7m (from 84m)
CFD-114 – 6.4 g/t Au over 10m (from 246m)
CFD-127 – 2.3 g/t Au over 12m (from 122m)
CFD-131 – 1.8 g/t Au over 18m (from 208m)
CFD-140A – 2.0 g/t Au over 19m (from 215m)

Summary

  • Strike length of Latte zone extended to at least 1350m along trend and reaching 275m vertically below surface. Many holes host multiple intercepts and mineralization remains open in all directions.
  • Drilling towards the west successfully extends gold mineralization 400m beyond the previously defined gold-in-soil anomaly, and geophysical data suggests the Latte structure may extend an additional 2500m towards the Kona area and 1000m east towards Double Double.
  • West Latte trend characterized by moderately south-dipping mineralized horizons exhibiting a shallow westerly plunge. Additional drilling is planned to test down-plunge depth extent of CFD-119, which cut 12.0 g/t Au over 3m (from 184m core length) and 2.5 g/t Au over 31m (from 240m), and CFD-123, which cut 13.5 g/t Au over 5m (from 219m) and 2.2 g/t Au over 21m (from 234m)
  • Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (1100m north) and the Double Double zone (1000m east). Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth

Drill Results

Drilling by Kaminak in 2010 outlined a 600m long gold trend at Latte from 14 drill holes. The objective of the 2011 drilling was to expand the gold zones discovered in 2010 towards the west and east. A total of 42 holes are reported in this news release on 100m spaced sections with the exception of section 2900E, which is spaced 50m from the nearest section. All holes were drilled south to north (zero degree azimuth) angled between 50 and 80 degrees. Drilling intersected significant gold zones on all sections and successfully expanded the strike extent to at least 1350m. All zones remain open along trend and at depth. Extensive oxidation of the Latte mineralized zones is typically observed to approximately 75m vertical depth and partial oxidation is traced to 175m vertical. In contrast, the nearby Supremo T3 gold zone exhibits extensive oxidation to 150m vertical and partial oxide to 200m vertical.

Variability in gold grade and width is noted across the 1350m length of Latte. In general, the western half of the Latte structure is characterized by multiple zones of approximately 20-80m wide moderately south dipping panels, and includes: 2.6 g/t Au over 31m (from 142m core length) with a lower intercept of 1.1 g/t Au over 69m (from 184m) from hole CFD-87 and 2.1 g/t Au over 59m (from 142m) with a lower intercept of 1 g/t Au over 10.6m (from 211m) from hole CFD-115A. Significant high-grade gold has been cut at Latte west including: 8.6 g/t Au over 10m (CFD-91 from 40m) and 8.5 g/t Au over 7m (CFD-113 from 84m). These types of high gold grades are commonly observed near the top of Latte west intercepts. Looking westward from section 3350E towards section 2750E it is apparent that mineralization becomes wider and higher grade at depth, implying a west plunge along the Latte structural zone. Additional drilling is planned this season to test the down plunge depth extent of Latte west mineralization.

In contrast, gold at eastern Latte appears controlled by ~5-20m wide, near vertical structure, and, in general, gold grade appears higher with intercepts including: 3.9 g/t Au over 17m (CFD-103 from 166m) and 6.4 g/t Au over 10m (CFD-114 from 246m).

In addition, a significant alteration zone has recently been recognized in drilling south of the main Latte trend and is informally known as the Splay zone. This zone consists of a 10-20m wide interval of strongly arsenic enriched rocks that appears to be separate from the main Latte trend. The zone was identified from holes CFD-97 and 100 which primarily tested down-dip extensions of the main Latte East zone, but which, unexpectedly, intersected mineralization near the top of hole with intercepts including 8.96g/t over 3m (CFD-97 from 30m). Four additional drill holes (CFD-128, 130, 132 and134) were designed to test the gold potential of the Splay zone successfully outlining a southeast trending alteration zone over 200m strike (CFD132 & 134 pending assays).

Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (1100m north) and the Double Double zone (1000m east). Gold mineralization in all of these zones is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite / limonite alteration. Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth. Interpretation of recently acquired geophysical data has successfully identified drill targets associated with gold-in-soil anomalies between known gold zones.

The 2011 drilling has extended mineralization at Latte West 400m beyond the western limit of the gold-in-soil anomaly. Ground magnetic data collected in 2010 and recently acquired airborne magnetic survey data suggests the Latte structure may extend an additional 2,500m west towards the Kona area and 1,050m east towards Double Double.

Assay Table

Drill Hole # From (m) To (m) Width (m)* Weighted grade (g/t Au)
Latte West
Section 2900E
CFD-113 84 91 7 8.46
CFD-107 88 93 5 3.77
and 108 109 1 3.82
and 136 140 4 2.02
CFD-110 73 79 6 1.69
and 121 126 5 2.81
and 133 170 37 1.09
and 182 187 5 1.48
CFD-115A 142 201 59 2.11
and 211.35 222 10.65 1.05
and 229 234 5 2.40
CFD-119 169 171 2 4.13
and 184 187 3 11.96
and 197 200 3 2.44
and 240 271 31 2.50
incl 241 244 3 17.75
 
Section 2850E
CFD-91 40 50 10 8.64
CFD-82** 94 97 3 3.19
and 109 126 17 9.61
CFD-84 61 91 30 0.96
and 136 139 3 0.69
CFD-85 115 120 5 1.61
and 133 171 38 1.55
and 197 210 13 0.93
CFD-87 142 173 31 2.65
and 184 253 69 1.15
CFD-123 219 224 5 13.46
and 234 255 21 2.18
and 267 298 31 1.11
 
Section 2750E
CFD-116 No significant values
CFD-94 110 111 1 5.42
and 153 158 5 1.81
CFD-96 75 88 13 2.17
and 99 101 2 1.75
and 122 125 3 1.45
and 146 160 14 2.58
CFD-99 138 179 41 1.90
and 224 227 3 1.94
and 245 247 2 1.91
CFD-105 163 174 11 2.04
and 182 199 17 1.58
and 231 240 9 1.99
 
Section 2650E
CFD-125 Abandoned due to mechanical difficulties
CFD-109 65 66 1 5.03
CFD-112 65 69 4 1.02
CFD-122 123 137 14 2.12
CFD-140A 215 234 19 2.04
 
Section 2550E
CFD-117 70 73 3 0.85
CFD-127 122 134 12 2.27
 
Latte East
Section 3350E
CFD-102 4.1 26 21.9 0.66
and 36 62 26 1.89
CFD-89 54 92 38 0.73
and 107 120 13 2.01
CFD-92 9 19 10 1.23
and 75 80 5 7.79
incl 79 80 1 30.2
CFD-111 91 92 1 3.84
and 168 170 2 2.06
 
Section 3450E
CFD-95 5 15 10 1.89
and 53 55 2 1.80
and 95 101 6 2.07
CFD-10** 119 135 16 3.71
CFD-97 3.24 8 4.76 2.44
and 30 33 3 8.96
and 100 103 3 4.93
and 218 221 3 15.51
incl 219 220 1 32.5
CFD-114 161 164 3 1.42
and 246 256 10 6.44
CFD-100 5 11 6 0.96
and 48 49 1 2.69
CFD-118 85 90 5 1.07
and 220 221 1 6.15
 
Section 3550E
CFD-48** 90 99 9 5.55
CFD-50** 169 174 5 8.15
CFD-128 26 31 5 0.60
CFD-130 33 36 3 1.05
 
Section 3650E
CFD-120 56 58 2 3.11
and 72 88 16 1.10
CFD-103 166 183 17 3.86
CFD-132, 134 No significant values (holes not targeted for Latte structure)
 
Section 3750E
CFD-121 77 81 4 0.94
and 94 99 5 1.00
CFD-106 189 191 2 1.85
and 194 196 2 1.30
and 207 210 3 0.88
CFD-108 219 225 6 2.92
and 235 241 6 2.11
 
Section 3825E
CFD-124 71 91 20 1.04
CFD-126 Abandoned due to mechanical issues
 
Section 3900E
CFD-129 72 85 13 1.78
and 129 132 3 2.01
and 140 156 16 1.83
CFD-131 81 84 3 1.77
and 208 226 18 1.83
and 253 257 4 1.44

*True width estimated at approximately 2/3 core length.  ** previously released holes

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. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly by charter plane to the ALS CHEMEX preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

On behalf of the Board of Directors of Kaminak
“Rob Carpenter”

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PACIFIC RIDGE PROVIDES EXPLORATION UPDATE FROM THE MARIPOSA GOLD PROPERTY

Pacific Ridge Exploration Ltd., during exploration at the Mariposa property, located within the Yukon’s White Gold district, has completed 34 drill holes for a total of 5,350 metres drilled so far this season. Receipt of assay results has seen delays due to high volume and continuous sample submittals as a result of increased exploration activity in the Yukon.

The objective of the 2011 drilling program is planned around completion of approximately 6,000 metres of diamond core drilling to test five gold exploration targets located within an approximate 26-square-kilometre area of the overall 262-square-kilometre Mariposa property.

The following exploration targets currently defined within the Mariposa property have seen preliminary drilling: Skookum Main — 18 holes, Skookum West — seven holes, Hackly — two holes, Gertie — three holes and Maisy-May — four holes. The Big Alex target will be drill tested next season.

Drilling is currently focused on the Skookum West area of the 3.5-kilometre-long Skookum Jim gold-in-soil trend where recent surface exploration has generated new drill targets over a two-square-kilometre area. This area lies approximately 1.5 kilometres to the southwest of the Skookum Main area, where this year’s drilling has reported results of up to 2.44 grams per tonne gold over 38.9 metres.

The Skookum Jim trend is centred along an east-northeast-trending plateau which coincides with a structural corridor that is clearly defined by disruptions and offsets of linear airborne magnetic features. The Skookum Main area lies to the north of the most prominent of these structural breaks, whereas the Skookum West straddles this break at a location where an array of northwest-, northeast- and north-south-trending structures appear to be crosscutting the main east-northeast-trending structure. Elsewhere in the White Gold district, similar structural settings are of key importance for the hosting of gold mineralization. It is also notable that north-trending structures in the Skookum West area are parallel to the prolific placer gold drainage of Scroggie Creek that flows to the north, through the western part of the Mariposa property.

In 2010, widely spaced soil sampling along 100-metre lines at Skookum West first detected gold-in-soil anomalism of up to 512 parts per billion gold, with locally elevated molybdenum values. During 2011, infill soil sampling at 25-metre stations further defined strong gold anomalism over a minimum 1,500-metre-by-800-metre area. Gold-in-soil results ranging from 20 parts per billion to a peak of 514 parts per billion appear to coincide with linear magnetic lows and/or flank magnetic highs. These features, interpreted as reflecting brittle structures and underlying mafic rock types, provide a geologic setting with potential to host gold mineralization.

Detailed prospecting and rock sampling of surface float has returned significant results within the Skookum West gold-in-soil anomaly. Of a total of 117 rock samples from a two-square-kilometre area, 27 returned results greater than 0.5 g/t gold, to a high of 19.98 g/t gold. The average grade of these results is 3.3 g/t gold. Again, as seen elsewhere in the White Gold camp, these elevated gold assays are hosted in well-silicified rocks cut by limonitic fracture nets and hematite-specularite alteration along with minor disseminated pyrite.

Some of the anomalous gold results were obtained from rock samples in areas with no indicated gold-in-soil response, but along structures interpreted from magnetic surveys. This suggests that the prospectivity of the Skookum West area may cover a larger area than indicated by the soil geochemical results. Continuing diamond drilling is therefore testing a combination of targets in the Skookum West area that include structural trends and soil and rock geochemical signatures.

It is contemplated that the drilling season will come to a close in mid-September with approximately 40 holes completed.

The technical information contained within this news release has been reviewed and approved by Janice Fingler, PGeo, vice-president, exploration, of Pacific Ridge Exploration, a qualified person as defined by National Instrument 43-101.

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