KAMINAK DISCOVERS SECOND HIGH-GRADE GOLD ZONE AT DOUBLE DOUBLE: DRILL HOLE CFD-28 INTERSECTS 15.9 G/T AU OVER 5M


Kaminak Gold Corp. has provided assay results for drill hole CFD-28 from the Double Double zone. This hole was drilled on the same section as CFD-27, which previously intersected 6.3 grams per tonne gold (g/t Au) over 35 metres. Cross-section analysis aided by oriented core data suggests these two intercepts represent separate and parallel zones of mineralization that remain open in all directions.

The Double Double trend is one of three gold discoveries announced by Kaminak during the continuing 2010 drill program on its 100-per-cent-owned Coffee property located in the White district, Yukon Territory. Additional assay results from the Supremo and Latte zones are expected in the coming weeks and initial drilling of the Kona trend is under way.

Drill results

The Double Double zone is associated with a regionally significant, east-northeast trending and steeply north-dipping structure coincident with a 300 m long by 100 m wide gold-in-soil anomaly. The structure comprises shear zone and breccia fabrics overprinting variably textured schist giving the overall appearance of a high-strain fault zone. Gold occurs in this fault zone and alteration typically consists of silicification, clay alteration, local sericite in addition to oxidized sulphides.

Drill hole CFD-27 and CFD-28 were drilled from the same set-up inclined to the north at negative 50 and negative 70, respectively. Results from CFD-27 were previously released by Kaminak on Aug. 11, 2010, and two significant gold zones were reported: an upper zone of 2.04 g/t Au over nine m (from 34 m core depth) and a lower high-grade intercept of 6.3 g/t Au over 35 m from 139 m, including 18 m.

New results from CFD-28 are highlighted by an intercept of 15.91 g/t Au over five m starting from 213 m core depth. Several discrete greater than one g/t Au intervals also occur further downhole, including an intercept of 1.37 g/t Au over 3.4 m at the bottom of the hole.

Drill hole No. From (m) To (m) Length (m) Weighted grade (g/t)

CFD-28 213 218 5 15.91
and 299 302 3 2.13
and 327 330.4 3.4 1.37

(i) True width is estimated at 70 to 100 per cent of core length.

Data from oriented core measurements combined with detailed geological core logging from CFD-27 and CFD-28 suggest that this new high-grade intercept from CFD-28 is hosted in a separate and parallel structural zone from the high-grade CFD-27 intercept. The occurrence of anomalous (greater than one g/t Au) gold values at the bottom of CFD-28 is consistent with these observations.

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