KAMINAK DRILLS HIGH-GRADE GOLD AT LATTE ZONE: NEW INTERCEPTS INCLUDE 9.6 G/T AU OVER 17M AND 17.4 G/T AU OVER 7M


Kaminak Gold Corp. has released results from the first three diamond core holes drilled in 2011 at the Latte zone located on the company’s 100-per-cent-owned Coffee property in the White Gold district, Yukon Territory. These holes successfully extended the strike of mineralization an additional 100 metres toward the west beyond the extent of the gold-in-soil trend and intersected a wide high-grade zone over two successive drill sections.

Key drill results

 

CFD-078:  1.11 grams per tonne gold (g/t Au) over 44 metres starting from 226 metres

CFD-080:  2.83 g/t Au over 62 metres starting at a depth of 60 metres, including 17.36 g/t over seven metres

CFD-082:  9.61 g/t Au over 17 metres starting at a depth of 109 metres, including 24.50 g/t over three metres

 

Key point summary

 

  • CFD-080 and CFD-082 returned the highest-grade gold intersections to date at Latte: 9.6 g/t Au over 17 metres and 17.6 g/t Au over seven metres. The new high-grade zones at Latte represent a significant new style of mineralization.
  • CFD-078 and CFD-080 extended the updip and downdip continuity on the 2,950-metre east drill section. Mineralization is interpreted to commence from surface and remains open at 200 metres vertical depth.
  • CFD-082 extended the mineralized zone an additional 100 metres along strike beyond the western limit of the gold-in-soil anomaly. Two thousand ten and 2011 drilling at Latte has now established gold mineralization over a 700-metre strike length.
  • Presently, two diamond core drills are turning at Latte: one drill exploring along strike on 100-metre step-outs to the west and the other drill completing systematic drill fences and 100-metre step-outs along strike to the east.

 

“Drilling two of the highest-grade intervals to date and outside of the gold-in-soil anomaly are major milestones for the Coffee property,” stated Dr. Rob Carpenter, Kaminak’s president and chief executive officer. “This significant achievement by our technical team opens up the exploration potential of the Coffee property by allowing us to evaluate completely new target types elsewhere on the property.”

The Latte zone is associated with a regionally significant, east-west-trending structural corridor co-incident with a one-kilometre-long-by-100-metre-wide gold-in-soil anomaly. Drilling in 2010 intersected mineralization over a strike length of 600 metres with intercepts including 1.86 g/t over 70 metres and 1.83 g/t over 58 metres. The 2011 drilling program aims to extend the mineralization along strike and to depth.

The new high-grade mineralized zones, intersected over two successive drill sections located 100 metres apart, represent a highly significant new style of mineralization comprising both low-sulphide, intensely silica-altered schist in addition to high-sulphide grey-blue-to-white quartz vein breccias exhibiting crackle, mosaic and cockade to plumose textures. The high-grade intercept in CFD-082 (9.61 g/t over 17 metres) lies 100 metres beyond the western limit of the Latte gold-in-soil anomaly, thereby confirming that mineralization on the Latte structure is continuous to the west beneath five to 10 metres of overburden that obscures the detection of the zone at surface via traditional soil sampling. Geophysics and drill data suggest the Latte structure continues for at least another 800 metres to the west of the soil grid as demonstrated by a 2010 drill hole (CFD-061), located 800 metres to the west of CFD-082, which intersected 3.04 g/t over six metres.

Continuing drilling at Latte will continue to focus on extending the strike length and depth extent, with two diamond core drills currently drilling.

 

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

CFD-078                       175         180                 5               1.17
And                           191         194                 3               5.00
And                           226         270                44               1.11
CFD-080                         7           9                 2               7.29
And                            46          49                 3               2.79
And                            60         122                62               2.83
Including                      60          67                 7              17.36
CFD-082                        94          97                 3               3.19
And                           109         126                17               9.61
Including                     122         125                 3              24.50

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

 

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

QA/QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Carpenter, PhD, PGeo, Kaminak’s president and chief executive officer, who serves as a qualified person under the definition of National Instrument 43-101. Quality assurance and quality control (QA/QC) 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.

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