Kaminak Makes Second Yukon Gold Discovery

Kaminak Gold Corp. is releasing drill results from the first two holes completed at the Latte zone, located on its 100-per-cent-owned Coffee project, Yukon. The Latte zone is situated approximately one kilometre south of the recently discovered Supremo zone, where drilling earlier this season by Kaminak intersected 17.07 grams per tonne gold over 15.5 metres. Latte and Supremo are hosted in separate structural corridors and are both open along trend and to depth.

Drill highlights:

A total of seven drill holes were completed at the Latte Zone over a 400 m length. Assays from the first two holes are detailed in this release.

  • CFD-006 intersected 1.08 grams per tonne gold over 83.93 m (from 28.07 m core depth).
  • CFD-007 intersected 1.12 g/t Au over 55 m (from 33 m core length) in addition to a second zone of 1.24 g/t Au over eight m (from 101 m core length).
  • The Latte zone is associated with a regionally significant, east-to-west trending, steeply dipping structural corridor coincident with a one-kilometre-long gold-in-soil anomaly. Regional geophysical surveys trace the Latte structural zone for over eight kilometres.
  • Gold-bearing rocks at Latte closely resemble rocks from the Supremo zone, that is extensive silica-sericite-clay alteration and brecciation accompanied by aresenic-silver-antimony-barium enrichment.
  • Samples for the remaining five holes are currently being processed at the assay laboratory.

“Latte represents our second major gold discovery on the Coffee property this spring and confirms that our exploration strategy of drilling underneath high-quality gold-in-soil anomalies is working,” stated Rob Carpenter, president and chief executive officer of Kaminak. “Moreover, the Coffee property is host to at least eight such soil trends, and we will continue to methodically drill test each of these targets as well as expand the Supremo and Latte zones along trend and at depth.”

Drill results

The Latte zone is associated with a regionally significant, east-to-west-trending and south-dipping structural corridor coincident with a one-kilometre-long-by-100-metre-wide gold-in-soil anomaly. The structural corridor comprises variably textured paragneiss and amphibolite that generally appears mylonitic or strongly foliated, giving the overall appearance of a high-strain fault zone. 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 holes CFD-006 and CFD-007 were drilled to the north from the same set-up and were designed to test the depth extent of the one-kilometre-long gold-in-soil trend. Trenching of the soil anomaly near CFD-006 and CFD-007 by Kaminak in 2009 yielded 1.01 g/t Au over 10 m. CFD-006 was drilled at a minus-50-degree angle and CFD-007 was drilled at a minus-70-degree angle. A detailed plan map, cross-section, assay sheet and photo montage of select core samples from these holes are available on the Kaminak website.

Both holes intersected wide intervals of consistent gold content from shallow depths. Drill hole CFD-006 intersected 83.93 m grading 1.08 g/t Au (starting from 28.07 m core depth) and CFD-007 intersected 1.12 g/t Au over 55 m (starting from 33 m core depth) in addition to a second downhole interval of 1.24 g/t Au over eight m (starting from 101 m core depth). These intercepts outline a broad, steep south-dipping mineralized zone which is open along trend and to depth.

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

CFD-006             28.07       112           83.93                    1.08
CFD-007                33        88              55                    1.12
And                   101       109               8                    1.24

(i)true width is estimated at 70-100% of core length

 Comparison between Latte and Supremo zones

The Supremo and Latte gold zones are both hosted in As-Ag-Sb-Ba-enriched, altered paragneiss and amphibolite in addition to non-foliated dacitic-looking rocks accompanied by pervasive silicification and breccia textures. This suggests that the two discrete zones were formed during the same hydrothermal event although the gold mineralization at Supremo is north to south trending whereas the Latte gold zone is east to west trending. More drilling is needed to define the relationship between these two zones and the projected intersection of these two structures could be an important focus for gold. Several high-quality gold-in-soil anomalies occur at this projected intersection and Kaminak considers the area to be a high-priority exploration target.

Exploration update

Trenching crews are currently being mobilized to the Coffee property and priority sampling will begin at the Supremo zone and the area where the projected intersection of the Latte and Supremo zones occurs. Soil sampling across the property is also under way and is designed to generate additional trenching targets in new unsampled areas. Approximately 90 per cent of the 43-kilometre-long property remains unexplored.

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 excecutive 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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