KAMINAK DRILLS NEW GOLD DISCOVERIES AT SUPREMO: AT LEAST FIVE GOLD-BEARING STRUCTURES ARE OPEN ALONG TREND AND AT DEPTH


Kaminak Gold Corp. has released assays from exploration drilling from the Supremo trend, located on the company’s 100-per-cent-owned Coffee property, located in the newly recognized White gold district, Yukon. The Supremo trend is one of three significant gold discoveries made to date by Kaminak in 2010 on the Coffee property. The other two discoveries are the Latte and Double Double trends, which are located approximately 1.5 kilometres south and southeast of the Supremo trend, respectively.

Drilling earlier this season by Kaminak at Supremo focused entirely on testing the north-south-trending T3 structural zone, where results include 17.1 grams per tonne (g/t) gold over 15.5 metres; 3.26 g/t gold over 17.35 metres and 21.3 g/t gold over eight metres (see Kaminak’s news in Stockwatch on May 26, 2010, June 10, 2010, and Aug. 5, 2010). The T3 trend has been traced for at least 550 metres along strike and remains open. Fieldwork at Supremo by Kaminak in 2010 successfully identified several new structural zones parallel to the high-grade T3 structure (T2, T4, T6 and T7) all occurring within a 600-metre-wide envelope with individual structures ranging from five to 50 metres wide each. Gold-in-soil data and ground geophysical surveys suggest these new structures are traceable for several hundred metres along trend. This release provides results from the first-ever holes drilled on these newly defined structural trends.

“Gold mineralization at Supremo consists of several steeply dipping and stacked structures which are all open along trend and at depth,” stated Dr. Rob Carpenter, Kaminak’s president and chief executive officer. “These results significantly increase the potential for Supremo to host high-grade and bulk-tonnage gold deposits.”

Key results:

T2 structure — 3.73 g/t gold over 16 metres starting at 92 metres core depth and a lower intercept of 7.07 g/t gold over two metres starting at 178 metres core depth (both from hole CFD-29);
T6 structure — 2.11 g/t gold over 14 metres starting at four metres core depth and a lower intercept of 2.38 g/t gold over 19 metres starting from 33 metres core depth (both intercepts from hole CFD-34);
T7 structure — two holes collared in alteration and mineralization, with hole CFD-26 yielding 4.65 g/t gold over four metres starting at eight metres core depth.

A detailed plan map, cross-section, assay sheet and photo montage of select core samples are available on the Kaminak website.

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