Kaminak Mobilizes to the Coffee Property and Outlines Drill Strategy

Kaminak Gold Corp.’s field crews have been mobilized to the company’s 100-per-cent-owned Coffee gold property in preparation for an early May phase I diamond drill program consisting of a minimum of 5,000 metres. Initial work at Coffee will include camp construction, drill mobilization, ground geophysics and infill trenching at the Supremo gold zone.

Drill strategy

The Coffee property is located in the White gold district of the Yukon and 30 kilometres south of Underworld Resources Inc.’s Golden Saddle deposit, presently subject to a friendly takeover offer from Kinross Gold Corp. The Coffee property has never been drilled in the past and work to date suggests the presence of Golden Saddle-style mineralization at Coffee.

The initial phase I 5,000-metre diamond drill program is designed to test high-grade surface gold discoveries at the Supremo and Latte gold zones. The first series of shallow holes (less than 200 metres) will be drilled at Supremo directly below trench results of 11.7 grams per tonne gold over 10 metres and 8.6 grams per tonne gold over 15 metres (trench No. 3). The Supremo zone consists of a 2.5-kilometre-long-by-two-kilometre-wide gold-in-soil anomaly containing several distinct drill targets identified through trenching. Recent technical work by Kaminak’s team suggests the Supremo gold occurrences are associated with extensive structural corridors that are interpreted as significant regional features.

The second series of shallow drill holes will test the Latte gold zone, which occurs one kilometre south of the Supremo zone and is located on an entirely different structure. The Latte zone is defined by a one-kilometre-long-by-up-to-100-metre-wide gold-in-soil anomaly averaging 600 parts per billion gold (0.6 gram per tonne gold). Once drilling has begun, Kaminak expects to be reporting its first assays several weeks after.

Surface exploration strategy

Soil sampling and trenching over the entire Coffee property are expected to commence in early June and will complement the drill program. In 2009, Kaminak identified through soil sampling eight distinct gold zones, some of which are still open for expansion, spanning an 11-kilometre strike length. With the recent increase in property size, soil samples have only been collected on 7 per cent of the property. A widespread soil sampling program consisting of a minimum of 2,000 soil samples will be collected throughout the property. Done in tandem to the soil sampling program will be an extensive trenching program over highly anomalous soils.

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, PhD, PGeo, Kaminak’s president and chief executive officer, who serves as a qualified person under the definition of National Instrument 43-101. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

Be Sociable, Share!

, , ,

Comments are closed.