KAMINAK STEP-OUT DRILLING EXTENDS LATTE AND SUPREMO ZONES ALONG TREND


Kaminak Gold Corp. has released assay results from step-out holes drilled on the newly discovered Latte and Supremo zones, located on the company’s 100-per-cent-owned Coffee property in the Yukon. These separate zones are located one kilometre apart and were found by drilling shallow holes beneath gold-in-soil anomalies. The Coffee property is host to an additional eight gold-in-soil trends that are not yet drill tested. Both the Latte and Supremo zones remain open along trend and at depth.

Drill highlights:

 

  • Latte step-out hole extends strike length of strongly oxidized mineralization for an additional 100 metres east, with hole CFD-008 yielding 51 m grading 1.32 grams per tonne gold (g/t Au) starting at seven-metre core depth;
  • Supremo step-out holes extend strike length of oxidized mineralization for an additional 50 m north, with hole CFD-003 intersecting 3.26 g/t Au over 17.35 m starting at 37-metre core depth and hole CFD-004 yielding 2.47 g/t Au over 20 m starting at 50-metre core depth;
  • The drill is currently located on the Supremo zone and is focused on extending the strike length of high-grade and shallow gold mineralization;
  • A total of seven drill holes have been completed at the Latte Zone over a 400-metre length. Samples for the remaining four holes (CFD-009 to CFD-012) are currently being processed at the assay laboratory. Samples from Supremo hole CFD-005 are also being processed.

 

Latte results

The Latte zone is associated with a regionally significant, east-west-trending and south-dipping structural corridor co-incident with a one-kilometre-long-by-100-metre-wide gold-in-soil anomaly. Gold mineralization is preferentially concentrated in the structural corridor and consists of silicification and oxidized sulphides hosted in brittle fractures and breccia zones that appear to overprint older fabrics.

Drill hole CFD-008 was drilled facing north at a minus-50-degree angle and is located 100 metres to the east and along trend of previously announced discovery hole CFD-006, which returned 83.93 m grading 1.08 g/t Au. Drill hole CFD-008 intersected a thick interval of gold mineralization yielding 51 m at a grade of 1.32 g/t Au starting at seven-metre core depth. It should be noted that this hole collared in well-altered and mineralized rocks, and true width of the intersection could be significantly longer. This result confirms an east-west trend to mineralization at Latte which remains open along trend and at depth. A total of seven drill holes have been completed at the Latte zone over a 400-metre length. Samples for the remaining four holes (CFD-009 to CFD-012) are currently being processed at the assay laboratory.

Supremo results

Gold mineralization at the Supremo zone (trench 3 area) is hosted in a north-south-trending structure co-incident with strong gold-in-soil values. Ground magnetic data suggest the structure may continue for at least one kilometre toward the Latte zone. Drill holes CFD-003 and CFD-004 were drilled facing west from the same set-up, with CFD-003 drilled at a minus-50-degree angle and CFD-004 drilled at a minus-70-degree angle. These holes were drilled 50 metres north of high-grade drill intercepts from CFD-001 and CFD-002. Hole CFD-003 intersected 17.35 m grading 3.26 g/t Au starting from 37-metre core length and CFD-004 yielded 20 m grading 2.47 g/t Au starting at 50-metre core length. These results confirm that mineralization along the trench 3 trend is north-south trending and steeply dipping to the east, and remains open along strike and at depth.

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

 

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

CFD-003               37    54.35         17.35           3.26
CFD-004               50       70            20           2.47
incl                  52       62            10           3.48
CFD-008                4       69            65           1.10
incl                   7       58            51           1.32

Note: True width is estimated at 70 to 100 per cent of core
length.

Quality assurance/quality control

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. 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.

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