Arcus Makes New VMS Discovery in Yukon White Gold District Drills 14.15 Metres of 1.44% Cu, 16.5 G/T Ag and 0.77 G/T Au

Arcus Development Group Inc. (“Arcus”) is pleased to announce the discovery of the first significant volcanogenic massive sulphide (VMS) system in the White Gold District of north central Yukon at its Touleary property. 2011 diamond drilling targeted a 300 by 100 m area within a 1,200 m long zone of coincident geophysical and intermittent gold-in-soil geochemical anomalies. Highlights from the five hole (935 m) drill program include:

  • High-grade copper-silver-gold-zinc mineralization grading up to 7.18% Cu, 116 g/t Ag, 3.55 g/t Au and 4.30% Zn across 2.25 m;
  • Near surface intersections starting at 64.21 m;
  • Excellent lateral continuity within the initial 300 m area drill tested; and
  • Onsite road access.

Results for the five Touleary drill holes are shown below:

Hole # From
(m)
To
(m)
Interval
(m)*
Cu
(%)
Ag
(g/t)
Au
(g/t)
Zn
(%)
TL-11-01 85.61 91.70 6.09 1.37 14.5 0.80 0.41
               
TL-11-02 124.00 127.17 3.17 2.38 32.9 2.01 1.38
               
TL-11-03 64.21 64.80 0.59 1.42 36.4 1.15 2.81
  90.36 90.97 0.61 4.01 73.9 2.18 0.93
               
TL-11-04 93.88 106.75 12.87 0.21 7.69 0.55
               
TL-11-05 115.62 117.87 2.25 7.18 116 3.55 4.30
  124.50 138.65 14.15 1.44 16.5 0.77 0.29
including 128.25 134.92 6.67 1.99 27.3 1.22 0.58

*Intervals reported are drilled thicknesses believed to represent approximately 70 to 90% of the true thickness.

The Dawson area, including the White Gold District is underlain by rocks of the Yukon Tanana Terrane and is considered highly favorable for VMS style mineralization. A cluster of VMS deposits in the Finlayson District, 450 km to the southeast are hosted in the same Yukon Tanana Terrane stratigraphy. Certain parts of the Dawson area and the Finlayson District are believed to have been linked as part of a concurrent back-arc/basinal environment prior to displacement along the Tintina Fault.

The most notable deposit in the Finlayson District is Yukon Zinc Corporation’s Wolverine Deposit where a NI 43-101 measured and indicated mineral resource is reported at 4.46 Mt grading 12.14% zinc, 354.8 g/t silver, 1.16% copper, 1.70 g/t gold and 1.58% lead (Yukon Zinc Corporation Technical Report, 2007).

“Exploration activity in the Dawson area, including the White Gold District in the early 1990’s was largely directed toward VMS potential in response to the discovery of various VMS deposits in age equivalent rocks in the Finlayson District”, stated Ian Talbot, the Arcus President. “The Touleary discovery represents the first significant VMS mineralization reported in the White Gold District. Having only drilled 25% of the 1,200 m trend of coincident geophysical and geochemical anomalies, the exploration potential at the Touleary property remains largely untested”.

Arcus is currently completing a 740 line km close spaced airborne Vertical Time Domain Electromagnetic (VTEM) survey at the Touleary property to identify areas of high chargeability that may represent thicker accumulations of massive sulphide along the current mineralized trend.

Host rocks at Touleary are pervasively sericitized fine tuffaceous felsic-to-intermediate volcaniclastic units with narrow intervals of weakly preserved fragmental textures. These rocks coincide with a laterally continuous linear magnetic low feature identified by a detail airborne magnetic survey completed by Arcus in the spring of 2011. This feature, although structurally offset at a number of locations, can be traced along strike from the discovery for a distance in excess of 5 km.

Sulphide mineralization within the volcaniclastic horizon(s) is dominantly pyrite and occurs as moderate to heavily disseminated concentrations and rarer semi-massive to massive bands. Much of the mineralization is coarsely recrystallized and remains roughly parallel to foliation but evidence of primary finely laminated textures has largely been destroyed. Copper mineralization is present as chalcopyrite and rarer covellite. These sulphides preferentially occur in the middle to lower portion of the felsic volcaniclaistic intervals as fine foliaform wisps, clots and aggregates plus coarsely recrystallized masses believed to be strain induced near the apex of folds.

Updated maps, sections and photos of the Touleary project can be viewed on the Arcus website (www.arcusdevelopmentgroup.com).

Dan Man Update

The 2011 diamond drilling and auger soil sampling programs on the Dan Man property were completed in late August. The Dan Man property is located immediately north of Kaminak Gold Corporation’s Coffee property. The 10 hole (1,500 m) drill program was designed to test four separate structural zones along a 2.5 km portion of the property. Results will be reported once all assays have been received and interpreted.

QA/QC
Samples were forwarded to ALS Minerals in Whitehorse, Y.T. where they were fine crushed before a 250 gram split was pulverized to better than 85% passing 75 microns. Pulps were then analyzed at ALS Minerals in North Vancouver, B.C. where splits of the pulverized fraction were dissolved in aqua regia and analyzed for 35 elements using inductively coupled plasma (ICP) together with atomic emission spectroscopy (AES). Over limit analyses for specific elements were further analysed to completion using the OG 46 method. Gold analyses were by the Au-AA24 procedure that involves fire assay preparation using a 50 gram charge with an atomic absorption spectroscopy finish.

Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.

The technical information in this news release has been prepared and approved by William A. Wengzynowski, P. Eng., a director of Arcus and a qualified person for the purposes of National Instrument 43-101.

On behalf of Arcus Development Group Inc.

“Ian J. Talbot”

Ian J. Talbot, President and CEO

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PACIFIC RIDGE REPORTS GOLD INTERSECTED IN 9 OF 10 INITIAL HOLES DRILLED AT SKOOKUM MAIN TARGET, MARIPOSA PROJECT, YUKON

Pacific Ridge Exploration Ltd. has successfully completed its 2011 exploration program on its properties in the Yukon’s White Gold district. The 2011 exploration activity was focused on the Mariposa property, which included 6,000 metres of diamond drilling in 41 holes, grid-based soil sampling, ground and airborne geophysics, and geological reconnaissance work. The results of 10 of the 18 Phase 1 holes drilled in the Skookum Main target are included in this release. As shown in the summary table below, gold values were intersected in 9 of these 10 holes. The results received to date warrant continued drilling in 2012.

The Company also explored its other holdings in the district during the 2011 season. On the Eureka Dome Property, geochemical and airborne geophysical surveys were carried out, and geological reconnaissance was conducted on the Gold Cap Property.

Mariposa

This year’s 6,000 metre drilling program was designed as a widely-spaced preliminary drill test of 5 exploration targets defined by combinations of gold-in-soil anomalies, magnetic and electromagnetic geophysical signatures, float samples with anomalous gold content, and trenching results. The drill program was executed in 2 phases, with Phase 1 drilling testing targets at the Skookum Main (9 holes), Skookum West (3 holes), Maisy May (4 holes), Gertie (3 holes) and Hackly Gold (2 holes), followed by an additional 9 drill holes at Skookum Main. Phase 2 drill holes tested additional targets at Skookum West (10 holes), which were generated from this year’s soil and rock sample results.

Skookum Main

At Skookum Main, a total of 18 holes were drilled (3,005 metres) within an open-ended, northeast-trending 800 metre by 500 metre corridor. Skookum Main contains anomalous gold-in-soil results ranging to over 1,500 parts-per-billion (ppb), float samples grading to 8.1 grams per tonne (g/t) gold, and trench assays grading to 1.3 g/t gold over 30 metres. This widespread gold anomalism coincides with converging NE and NNE trending structures as interpreted from the airborne geophysical survey.

Assays received to date for the 10 of 18 holes drilled are reported below. In summary, 9 of these 10 holes reported gold intersections of which 8 contained multiple gold bearing intervals. Hole 11MP-01, for which an upper intercept of 2.44 g/t gold over 38.9 metres was previously reported, also intersected 2.59 g/t gold over 9.6 metres, including 6.51 g/t gold over 3.2 metres at depth. The previously reported results indicated gold within both surface trenches and upper, oxidized sections of rock drilled. The deeper intercepts reported below, for drill holes 11MP-01 and 11MP-08, have confirmed that gold also occurs within unoxidized sections at depth. Anomalous gold values are typically associated with potassium feldspar flooding and veinlets, as well as quartz breccias and pyrite as disseminations and/or stringers. Grade potential to depth is demonstrated by individual assays ranging to 9.24 g/t gold. Elevated gold values are commonly associated with increased pyrite content.

Drill hole 11MP-27 tested the Skookum Main anomaly to its greatest vertical depth (180m) and encountered similar mineralization. Core samples sent for rush assay service from this hole confirmed the association of gold with this style of mineralization, with an intercept of 1.03 g/t gold over 14.7 metres.

 

       2011 SKOOKUM MAIN - Drilling Results (10 of 18 Holes Reported)      
---------------------------------------------------------------------------
                                                           Weighted    Prev-
                                                    Inter-    Grade  iously
Drill    Length     Azi-            From      To      val      (g/t   Repor-
Hole         (m)   muth      Dip      (m)     (m)      (m)     gold)    ted
---------------------------------------------------------------------------
11MP-01     237     180      -50    29.1    68.0     39.0      2.44      (i)
---------------------------------------------------------------------------
                                    82.7    95.5     12.8      1.66        
---------------------------------------------------------------------------
                                   204.0   213.6      9.6      2.59        
---------------------------------------------------------------------------
                        includes   210.4   213.6      3.2      6.51        
---------------------------------------------------------------------------
                                                    no significant         
11MP-02     167     180      -67     3.1   167.4       results             
---------------------------------------------------------------------------
11MP-03     170     180      -50   102.9   106.4      3.5      0.56        
---------------------------------------------------------------------------
11MP-04     178     360      -50     4.0     8.9      4.9      1.50        
---------------------------------------------------------------------------
                                    89.2    91.3      2.1      0.79        
---------------------------------------------------------------------------
                                   108.8   110.2      1.4      1.03        
---------------------------------------------------------------------------
11MP-05     192     180      -50     3.1    22.9     19.8      1.13      (i)
---------------------------------------------------------------------------
                                    19.9    22.9      3.0      2.79      (i)
---------------------------------------------------------------------------
                                    49.5    50.4      0.9      3.01        
---------------------------------------------------------------------------
11MP-06     148     180      -65     3.7    49.2     45.3      0.63      (i)
---------------------------------------------------------------------------
                        includes     5.6    13.9      8.3      1.01      (i)
---------------------------------------------------------------------------
                                    22.3    25.8      3.5      1.55      (i)
---------------------------------------------------------------------------
11MP-07     182     180      -45   130.3   133.2      2.9      1.62        
---------------------------------------------------------------------------
                                   132.5   133.2      0.8      4.24        
---------------------------------------------------------------------------
11MP-08     231     360      -45   186.9   198.9     12.0      1.67        
---------------------------------------------------------------------------
                        includes   198.1   198.9      0.8      7.97        
---------------------------------------------------------------------------
                                   213.5   222.7      9.2      1.40        
---------------------------------------------------------------------------
                        includes   214.6   216.8      2.2      3.25        
---------------------------------------------------------------------------
11MP-09     167     270      -45    17.7    22.5      4.8      1.01        
---------------------------------------------------------------------------
                                    43.5    45.0      1.5      2.71        
---------------------------------------------------------------------------
                                    73.0    74.1      1.1      1.88        
---------------------------------------------------------------------------
                                    85.0    86.5      1.5      1.60        
---------------------------------------------------------------------------
11MP-27     197     360      -50    22.2    25.5      3.3      0.86        
---------------------------------------------------------------------------
                                    77.6    81.3      3.7      0.88        
---------------------------------------------------------------------------
                                   124.0   138.7     14.7      1.03        
---------------------------------------------------------------------------
                        includes   134.0   138.7      4.7      1.96        
---------------------------------------------------------------------------
Sampling methods, analytical procedures and QA/QC protocols are as reported
in news release, July 28th, 2011

 

At Skookum Main, the drilling results to date have confirmed the presence of gold within the original Skookum Jim soil anomaly, both over a broad area and to depth. The complete drill results will be compiled to further assess the controls on the distribution of gold mineralization. The results to date warrant continued drilling in 2012 to test continuity and extent of gold zones intersected in this year’s program.

Skookum West

At Skookum West, 14 holes (1,672 metres) were drilled within an area of anomalous gold-in-soil results, float samples ranging in grade to 19.9 g/t gold and geophysical signatures suggesting the presence of favourable geologic structures. The results of drilling in this area will be reported when all assays are received.

Maisy May, Gertie and Hackly Gold

At Maisy May, 4 holes were drilled (774 metres) to test a broad multi-element soil geochemical anomaly with elevated gold, silver, antimony, and mercury values. The drill results identified minor, narrow sections with anomalous (greater than 100 ppb) gold, to a high of 2.2 g/t gold for an individual sample in hole 11MP-16. The holes intersected a section of variably oxidized, quartz-sericite-chlorite +/-pyrite schist, which may be an older, pre-existing alteration zone unrelated to the soil anomaly. The source of the soil anomaly has not yet been determined.

No significant results were returned from 3 holes (774 metres) drilled at Gertie, and 2 holes (300 metres) drilled at Hackly Gold. The first 2 holes, 11MP-17 and -18, in the Gertie area were abandoned due to poor ground conditions and failed to reach the target depth. On-going exploration in 2012 in these areas will require more detailed field evaluations and trenching prior to additional drilling.

Eureka Dome

A program of soil sampling along topographic ridges, spurs and contours was completed over the entire property. Also, an airborne magnetic/radiometric survey was conducted over the southern part of the claim block. The results from these surveys are. The property is located 40 kilometres north of Mariposa and is flanked by claims held by Smash Minerals to the southwest, Golden Predator to the west and Taku Gold to the east and north. Smash Minerals has been actively exploring the area south of the property boundary with trenching and drilling.

Gold Cap

A preliminary site visit was conducted to assess selected gold-in-soil trends that were defined from 2009-2010 sampling. The results of this work is pending. The property lies on the northeastern flank of Kinross’s White Gold project. It is comprised of the Gold Cap claim group, which is 100% held by the Company and the Polar Stewart claim group, which is held under option to earn 100% from Ryanwood.

Pacific Ridge currently has approximately $2.4 million in its treasury.

The technical information contained within this News Release has been reviewed and approved by Janice Fingler, P.Geo, Vice President Exploration of Pacific Ridge Exploration, and Qualified Person as defined by National Instrument 43-101 policy.

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No Comments

NORTHERN TIGER RESOURCES REPORTS ASSAY RESULTS AT 3ACE PROPERTY, YUKON INTERSECTS 3.75 G/T OVER 13.2 METRES AND 13.81 G/T OVER 2.4 METRES

Northern Tiger Resources Inc. has now received assays for four diamond drill holes at the 3Ace property in the southeast Yukon. Assays are pending for an additional 18 holes and two drills are still turning on the property. These initial assay results confirm that the high-grade Main zone continues to depth and has a minimum strike length of 160 metres. It is open along strike in both directions and down dip.

“This is the first significant drill program at 3Ace, and we are very pleased with the continuity of the Main zone observed to date,” says Greg Hayes, president of Northern Tiger. “A strong nugget effect is inherent in high-grade vein systems, so assay grades are expected to be highly variable. In this type of system, it is very encouraging to see the zone has continuity and to have consistently hit gold mineralization. Work to date has reinforced management’s belief that 3Ace represents a significant new gold system with potential to host multiple deposits.”

Significant intercepts from the first four holes are shown in the table.

 

                      Interval           Width            Gold
Hole No.                   (m)             (m)           (g/t)

3A-11-10a            78.0-93.7            15.7            0.52
3A-11-11             78.0-91.2            13.2            3.75
Including            81.0-83.4             2.4           10.50
3A-11-12             77.8-81.2             3.4            1.26
3A-11-14             72.0-79.2             7.2            4.95
Including            76.8-79.2             2.4           13.81
                   108.0-135.0            27.0            0.59
Including          132.0-132.9             0.9            5.21
                   180.0-183.0             3.0            1.49

Note: 
Hole 3A-10-10 was lost due to difficult ground conditions at 
40-metre depth. The hole was steepened to minus-60 degrees 
and redrilled as 3A-11-10a.   
Reported intersections are drilled thicknesses, as true 
widths have not yet been determined.

 

Hole 3A-11-10a is a 38-metre step back from previously reported 3A-10-02 (dip, minus-55 degrees; azimuth, 270 degrees), which assayed 14.8 grams per tonne gold over 10.9 metres, starting at 24.6 metres (see news release dated Nov. 4, 2010). The gold intercept in hole 3A-11-10a is part of a larger 29.4-metre zone of arsenopyrite mineralization (weighted average of 1,526 parts per million arsenic).

Hole 3A-11-11 is a 28-metre step back from previously reported 3A-10-01 (dip, minus-55 degrees; azimuth, 270 degrees), which assayed 4.3 grams per tonne gold over 30.3 metres, starting at 49.1 metres (see news release dated Nov. 4, 2010). Visible gold was observed in hole 3A-11-11 at 82-metre depth (assaying 10.5 g/t over 2.4 metres). Visible gold was also observed at a depth of 128 metres, but sampling did not produce a significant gold assay.

Hole 3A-11-12 is a 25-metre step out to the north of hole 3A-10-01. Although the mineralized zone is relatively narrow in this hole, visual indications of mineralization from hole 3A-11-15a (a 31-metre step back from 3A-11-12) suggest the mineralized zone expands at depth. Assays are pending for 3A-11-15a.

Hole 3A-11-14 is collared 75 metres north of hole 3A-11-12 and is the most northerly hole drilled in the Main zone — 160 metres north of the discovery outcrop. The drilling intersected three distinct zones of gold mineralization.

Maps showing the drill hole locations and intercepts will be posted on the company’s website.

Geology

The 3Ace property is underlain by coarse-grained quartz pebble conglomerate (QPC) interbedded with sandstone and black shale beds. Three distinct phases of folding and faulting have been identified on the 3Ace property. Although these structural systems predate gold mineralization at 3Ace, they have provided important ground preparation and can act as pathways for mineralization. Gold mineralization at the Main zone is hosted by steeply dipping veins which form an en echelon array of fault segments that are linked by stockwork veins and breccia zones.

This news release has been reviewed and approved by Dennis Ouellette, BSc, PGeol, a qualified person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corp. of Richmond, B.C., using 50-gram fire assay and 50-element, four-acid ICP analysis. Soil and silt samples were also analyzed by Inspectorate, using 30-gram fire assay analysis. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different-size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database.

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Kaminak Drilling Increases Length of the Latte Gold Zone to 1350 meters; Remains Open in All Directions

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSXV) today announced assay results from 44 diamond drill holes from the Latte zone, located on the Company’s 150,000 acre Coffee Gold property, Yukon Territory. Kaminak discovered Latte in 2010 and successfully defined a linear structural zone 600m long that begins at surface. Drilling in 2011 has more than doubled the strike length of the Latte zone to at least 1350m and reaching 275m vertically below surface. Many holes host multiple intercepts and mineralization remains open in all directions.

Key Results

CFD-87 – 2.6 g/t Au over 31m (from 142m) and 1.1 g/t Au over 69m (from 184m)
CFD -96 – 2.2 g/t Au over 13m (from 75m) and 2.6 g/t Au over 14m (146m)
CFD-97 – 9.0 g/t Au over 3m (from 30m) and 15.5 g/t Au over 3m (from 218m)
CFD 115A – 2.1 g/t Au over 59m (from 142m) and 1 g/t Au over 10.6m (from 211m)
CFD-119 – 12.0 g/t Au over 3m (from 184m) and 2.5 g/t Au over 31m (from 240m)
CFD-123 – 13.5 g/t Au over 5m (from 219m) and 2.2 g/t Au over 21m (from 234m)

CFD-85 – 1.6 g/t Au over 38m (from 133m)
CFD-91 – 8.6 g/t Au over 10m (from 40m)
CFD-92 – 7.8 g/t Au over 5m (from 75m)
CFD-99 – 1.9 g/t Au over 41m (from 138m)
CFD-103 – 3.9 g/t Au over 17m (from 166m)
CFD-113 – 8.5 g/t Au over 7m (from 84m)
CFD-114 – 6.4 g/t Au over 10m (from 246m)
CFD-127 – 2.3 g/t Au over 12m (from 122m)
CFD-131 – 1.8 g/t Au over 18m (from 208m)
CFD-140A – 2.0 g/t Au over 19m (from 215m)

Summary

  • Strike length of Latte zone extended to at least 1350m along trend and reaching 275m vertically below surface. Many holes host multiple intercepts and mineralization remains open in all directions.
  • Drilling towards the west successfully extends gold mineralization 400m beyond the previously defined gold-in-soil anomaly, and geophysical data suggests the Latte structure may extend an additional 2500m towards the Kona area and 1000m east towards Double Double.
  • West Latte trend characterized by moderately south-dipping mineralized horizons exhibiting a shallow westerly plunge. Additional drilling is planned to test down-plunge depth extent of CFD-119, which cut 12.0 g/t Au over 3m (from 184m core length) and 2.5 g/t Au over 31m (from 240m), and CFD-123, which cut 13.5 g/t Au over 5m (from 219m) and 2.2 g/t Au over 21m (from 234m)
  • Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (1100m north) and the Double Double zone (1000m east). Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth

Drill Results

Drilling by Kaminak in 2010 outlined a 600m long gold trend at Latte from 14 drill holes. The objective of the 2011 drilling was to expand the gold zones discovered in 2010 towards the west and east. A total of 42 holes are reported in this news release on 100m spaced sections with the exception of section 2900E, which is spaced 50m from the nearest section. All holes were drilled south to north (zero degree azimuth) angled between 50 and 80 degrees. Drilling intersected significant gold zones on all sections and successfully expanded the strike extent to at least 1350m. All zones remain open along trend and at depth. Extensive oxidation of the Latte mineralized zones is typically observed to approximately 75m vertical depth and partial oxidation is traced to 175m vertical. In contrast, the nearby Supremo T3 gold zone exhibits extensive oxidation to 150m vertical and partial oxide to 200m vertical.

Variability in gold grade and width is noted across the 1350m length of Latte. In general, the western half of the Latte structure is characterized by multiple zones of approximately 20-80m wide moderately south dipping panels, and includes: 2.6 g/t Au over 31m (from 142m core length) with a lower intercept of 1.1 g/t Au over 69m (from 184m) from hole CFD-87 and 2.1 g/t Au over 59m (from 142m) with a lower intercept of 1 g/t Au over 10.6m (from 211m) from hole CFD-115A. Significant high-grade gold has been cut at Latte west including: 8.6 g/t Au over 10m (CFD-91 from 40m) and 8.5 g/t Au over 7m (CFD-113 from 84m). These types of high gold grades are commonly observed near the top of Latte west intercepts. Looking westward from section 3350E towards section 2750E it is apparent that mineralization becomes wider and higher grade at depth, implying a west plunge along the Latte structural zone. Additional drilling is planned this season to test the down plunge depth extent of Latte west mineralization.

In contrast, gold at eastern Latte appears controlled by ~5-20m wide, near vertical structure, and, in general, gold grade appears higher with intercepts including: 3.9 g/t Au over 17m (CFD-103 from 166m) and 6.4 g/t Au over 10m (CFD-114 from 246m).

In addition, a significant alteration zone has recently been recognized in drilling south of the main Latte trend and is informally known as the Splay zone. This zone consists of a 10-20m wide interval of strongly arsenic enriched rocks that appears to be separate from the main Latte trend. The zone was identified from holes CFD-97 and 100 which primarily tested down-dip extensions of the main Latte East zone, but which, unexpectedly, intersected mineralization near the top of hole with intercepts including 8.96g/t over 3m (CFD-97 from 30m). Four additional drill holes (CFD-128, 130, 132 and134) were designed to test the gold potential of the Splay zone successfully outlining a southeast trending alteration zone over 200m strike (CFD132 & 134 pending assays).

Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (1100m north) and the Double Double zone (1000m east). Gold mineralization in all of these zones is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite / limonite alteration. Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth. Interpretation of recently acquired geophysical data has successfully identified drill targets associated with gold-in-soil anomalies between known gold zones.

The 2011 drilling has extended mineralization at Latte West 400m beyond the western limit of the gold-in-soil anomaly. Ground magnetic data collected in 2010 and recently acquired airborne magnetic survey data suggests the Latte structure may extend an additional 2,500m west towards the Kona area and 1,050m east towards Double Double.

Assay Table

Drill Hole # From (m) To (m) Width (m)* Weighted grade (g/t Au)
Latte West
Section 2900E
CFD-113 84 91 7 8.46
CFD-107 88 93 5 3.77
and 108 109 1 3.82
and 136 140 4 2.02
CFD-110 73 79 6 1.69
and 121 126 5 2.81
and 133 170 37 1.09
and 182 187 5 1.48
CFD-115A 142 201 59 2.11
and 211.35 222 10.65 1.05
and 229 234 5 2.40
CFD-119 169 171 2 4.13
and 184 187 3 11.96
and 197 200 3 2.44
and 240 271 31 2.50
incl 241 244 3 17.75
 
Section 2850E
CFD-91 40 50 10 8.64
CFD-82** 94 97 3 3.19
and 109 126 17 9.61
CFD-84 61 91 30 0.96
and 136 139 3 0.69
CFD-85 115 120 5 1.61
and 133 171 38 1.55
and 197 210 13 0.93
CFD-87 142 173 31 2.65
and 184 253 69 1.15
CFD-123 219 224 5 13.46
and 234 255 21 2.18
and 267 298 31 1.11
 
Section 2750E
CFD-116 No significant values
CFD-94 110 111 1 5.42
and 153 158 5 1.81
CFD-96 75 88 13 2.17
and 99 101 2 1.75
and 122 125 3 1.45
and 146 160 14 2.58
CFD-99 138 179 41 1.90
and 224 227 3 1.94
and 245 247 2 1.91
CFD-105 163 174 11 2.04
and 182 199 17 1.58
and 231 240 9 1.99
 
Section 2650E
CFD-125 Abandoned due to mechanical difficulties
CFD-109 65 66 1 5.03
CFD-112 65 69 4 1.02
CFD-122 123 137 14 2.12
CFD-140A 215 234 19 2.04
 
Section 2550E
CFD-117 70 73 3 0.85
CFD-127 122 134 12 2.27
 
Latte East
Section 3350E
CFD-102 4.1 26 21.9 0.66
and 36 62 26 1.89
CFD-89 54 92 38 0.73
and 107 120 13 2.01
CFD-92 9 19 10 1.23
and 75 80 5 7.79
incl 79 80 1 30.2
CFD-111 91 92 1 3.84
and 168 170 2 2.06
 
Section 3450E
CFD-95 5 15 10 1.89
and 53 55 2 1.80
and 95 101 6 2.07
CFD-10** 119 135 16 3.71
CFD-97 3.24 8 4.76 2.44
and 30 33 3 8.96
and 100 103 3 4.93
and 218 221 3 15.51
incl 219 220 1 32.5
CFD-114 161 164 3 1.42
and 246 256 10 6.44
CFD-100 5 11 6 0.96
and 48 49 1 2.69
CFD-118 85 90 5 1.07
and 220 221 1 6.15
 
Section 3550E
CFD-48** 90 99 9 5.55
CFD-50** 169 174 5 8.15
CFD-128 26 31 5 0.60
CFD-130 33 36 3 1.05
 
Section 3650E
CFD-120 56 58 2 3.11
and 72 88 16 1.10
CFD-103 166 183 17 3.86
CFD-132, 134 No significant values (holes not targeted for Latte structure)
 
Section 3750E
CFD-121 77 81 4 0.94
and 94 99 5 1.00
CFD-106 189 191 2 1.85
and 194 196 2 1.30
and 207 210 3 0.88
CFD-108 219 225 6 2.92
and 235 241 6 2.11
 
Section 3825E
CFD-124 71 91 20 1.04
CFD-126 Abandoned due to mechanical issues
 
Section 3900E
CFD-129 72 85 13 1.78
and 129 132 3 2.01
and 140 156 16 1.83
CFD-131 81 84 3 1.77
and 208 226 18 1.83
and 253 257 4 1.44

*True width estimated at approximately 2/3 core length.  ** previously released holes

QA / QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak’s President and CEO, 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.

On behalf of the Board of Directors of Kaminak
“Rob Carpenter”

, , ,

No Comments

PACIFIC RIDGE PROVIDES EXPLORATION UPDATE FROM THE MARIPOSA GOLD PROPERTY

Pacific Ridge Exploration Ltd., during exploration at the Mariposa property, located within the Yukon’s White Gold district, has completed 34 drill holes for a total of 5,350 metres drilled so far this season. Receipt of assay results has seen delays due to high volume and continuous sample submittals as a result of increased exploration activity in the Yukon.

The objective of the 2011 drilling program is planned around completion of approximately 6,000 metres of diamond core drilling to test five gold exploration targets located within an approximate 26-square-kilometre area of the overall 262-square-kilometre Mariposa property.

The following exploration targets currently defined within the Mariposa property have seen preliminary drilling: Skookum Main — 18 holes, Skookum West — seven holes, Hackly — two holes, Gertie — three holes and Maisy-May — four holes. The Big Alex target will be drill tested next season.

Drilling is currently focused on the Skookum West area of the 3.5-kilometre-long Skookum Jim gold-in-soil trend where recent surface exploration has generated new drill targets over a two-square-kilometre area. This area lies approximately 1.5 kilometres to the southwest of the Skookum Main area, where this year’s drilling has reported results of up to 2.44 grams per tonne gold over 38.9 metres.

The Skookum Jim trend is centred along an east-northeast-trending plateau which coincides with a structural corridor that is clearly defined by disruptions and offsets of linear airborne magnetic features. The Skookum Main area lies to the north of the most prominent of these structural breaks, whereas the Skookum West straddles this break at a location where an array of northwest-, northeast- and north-south-trending structures appear to be crosscutting the main east-northeast-trending structure. Elsewhere in the White Gold district, similar structural settings are of key importance for the hosting of gold mineralization. It is also notable that north-trending structures in the Skookum West area are parallel to the prolific placer gold drainage of Scroggie Creek that flows to the north, through the western part of the Mariposa property.

In 2010, widely spaced soil sampling along 100-metre lines at Skookum West first detected gold-in-soil anomalism of up to 512 parts per billion gold, with locally elevated molybdenum values. During 2011, infill soil sampling at 25-metre stations further defined strong gold anomalism over a minimum 1,500-metre-by-800-metre area. Gold-in-soil results ranging from 20 parts per billion to a peak of 514 parts per billion appear to coincide with linear magnetic lows and/or flank magnetic highs. These features, interpreted as reflecting brittle structures and underlying mafic rock types, provide a geologic setting with potential to host gold mineralization.

Detailed prospecting and rock sampling of surface float has returned significant results within the Skookum West gold-in-soil anomaly. Of a total of 117 rock samples from a two-square-kilometre area, 27 returned results greater than 0.5 g/t gold, to a high of 19.98 g/t gold. The average grade of these results is 3.3 g/t gold. Again, as seen elsewhere in the White Gold camp, these elevated gold assays are hosted in well-silicified rocks cut by limonitic fracture nets and hematite-specularite alteration along with minor disseminated pyrite.

Some of the anomalous gold results were obtained from rock samples in areas with no indicated gold-in-soil response, but along structures interpreted from magnetic surveys. This suggests that the prospectivity of the Skookum West area may cover a larger area than indicated by the soil geochemical results. Continuing diamond drilling is therefore testing a combination of targets in the Skookum West area that include structural trends and soil and rock geochemical signatures.

It is contemplated that the drilling season will come to a close in mid-September with approximately 40 holes completed.

The technical information contained within this news release has been reviewed and approved by Janice Fingler, PGeo, vice-president, exploration, of Pacific Ridge Exploration, a qualified person as defined by National Instrument 43-101.

, , , ,

No Comments

KAMINAK DRILLS HIGH-GRADE GOLD AT SUPREMO T3 ZONE

Kaminak Gold Corp. has released assay results from 31 reverse circulation drill holes from the Supremo T3 zone, located on the company’s 150,000-acre Coffee gold property in the Yukon. The Supremo zone consists of at least 7 north-south trending gold-bearing structural zones (T1 to T7) which are co-incident with a well defined 2km by 2km gold-in-soil anomaly. The T3 structure has been traced for at least 600m and remains open along trend and to depth.

Key Results

 

CFR-27 - 11.6 g/t Au over 9.1m (from   CFR-45 - 2.1 g/t Au over 27.4m (from
18.3m)                                 110.3m)                             
CFR-31 - 3.0 g/t Au over 13.7m (from   CFR-46 - 4.3 g/t Au over 13.7m (from
41.2m)                                 surface)                            
CFR-33A - 2.5 g/t Au over 19.8m        CFR-50 - 19.9 g/t Au over 6.1m (from
(from 94.5m)                           8.2m)                               
CFR-34 - 9.8 g/t Au over 4.6m (from    CFR-51 - 7.9 g/t Au over 12.2m (from
21.3m)                                 46.9m)                              
CFR-35 - 13.5 g/t Au over 15.2m        CFR-52 - 10.7 g/t Au over 6.1m (from
(from 30.5m)                           87.5m)                              
CFR-36 - 8.7 g/t Au over 9.2m (from    CFR-53 - 8.2 g/t Au over 18.3m (from
50.3m)                                 117m)

 

Key Points

 

--  RC drilling at Supremo successfully defines continuous high-grade,
    near-surface and oxidized gold within moderately plunging zones of the
    T3 structure. 

--  Future drilling will focus on extending the T3 structure south of
    section 4325N where the last four consecutive holes yielded 19.9 grams
    per tonne gold (g/t Au) over 6.1m; 7.9 g/t Au over 12.2m; 10.7 g/t Au
    over 6.1m and 8.2 g/t Au over 18.3m down to 175m vertical. 

--  New drilling also scheduled for T1 and T2 structures. Diamond drilling
    at T2 in 2010 yielded 3.73 g/t Au over 16m which remains open along
    trend. The T1 structure comprises a well-defined gold-in-soil trend
    that remains untested. 

--  Gold-in-soil data and geophysical / structural interpretations suggest
    the Supremo gold-bearing structures extend towards the Connector and
    Latte gold zones, and northwards towards the Macchiato / Cappuccino
    Zones, for a possible potential strike length in excess of 2.5
    kilometres.

 

Drill Summary

A total of 31 RC holes were drilled along 25m and 50m spaced sections of the T3 structure. All holes were drilled on a 270 degree azimuth (west facing) angled between 50 and 70 degrees. The T3 Zone is characterized by steep east -dipping, oxidized gold mineralization varying in true width from 5m to 30m. Overall, the results confirm the lateral and vertical continuity of the T3 structure along trend. Notably, holes from the most southerly section 4325N consistently returned strong mineralized intervals down-dip to approximately 175m vertical, including 19.9 grams per tonne gold (g/t Au) over 6.1m (CFR-50); 7.9 g/t Au over 12.2m (CFR-51); 10.7 g/t Au over 6.1m (CFR-52) and 8.2 g/t Au over 18.3m (CFR-53). This significant zone of high grade mineralization remains open to the south along strike and at depth.

On cross-section the T3 structure consistently maps as a steep, east-dipping structure comprised of hydrothermally altered felsic gneiss carrying abundant sericite, clay and pyrite. An initial longitudinal section has also been constructed along the trace of the T3 structure and interpretations suggest high-grade intercepts may be controlled by a moderate south plunge. These observations have helped focus the 2011 drill plan and provide priority drill targets. All maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.

 

Table 1 - Complete Assay Table                                             

---------------------------------------------------------------------------
                                                                   Weighted
Drill                  From              To        Interval           grade
Hole #                   (m)             (m)          (m)(i)        (g/t Au)
---------------------------------------------------------------------------
CFR-022               22.86           30.48            7.62            2.64
---------------------------------------------------------------------------
CFR-023               70.71           79.86            9.15            1.77
---------------------------------------------------------------------------
CFR-024               47.24           53.34             6.1            3.28
---------------------------------------------------------------------------
CFR-25A               80.77           83.82            3.05            1.06
---------------------------------------------------------------------------
CFR-027               18.29           27.43            9.14           11.61
---------------------------------------------------------------------------
Incl.                 24.38           25.91            1.53            58.7
---------------------------------------------------------------------------
and                    38.1           45.72            7.62            1.54
---------------------------------------------------------------------------
CFR-028               71.63            76.2            4.57            3.29
---------------------------------------------------------------------------
CFR-029              135.64          141.73            6.09            1.57
---------------------------------------------------------------------------
CFR-030              143.26          147.83            4.57            1.19
---------------------------------------------------------------------------
CFR-031               41.15           54.86           13.71            3.01
---------------------------------------------------------------------------
and                   65.53           68.58            3.05            3.54
---------------------------------------------------------------------------
CFR-032               77.72           83.82             6.1            2.26
---------------------------------------------------------------------------
CFR-033A              94.49           114.3           19.81            2.54
---------------------------------------------------------------------------
CFR-034               21.34           25.91            4.57            9.82
---------------------------------------------------------------------------
CFR-035               30.48           45.72           15.24           13.50
---------------------------------------------------------------------------
Incl.                 35.05           39.62            4.57            29.4
---------------------------------------------------------------------------
CFR-036               50.29           59.44            9.15            8.67
---------------------------------------------------------------------------
Incl.                 53.34           56.39            3.05            22.1
---------------------------------------------------------------------------
CFR-037               93.27           96.32            3.05            1.42
---------------------------------------------------------------------------
CFR-038               22.86           24.38            1.52            3.41
---------------------------------------------------------------------------
CFR-038A              24.69           26.21            1.52            2.42
---------------------------------------------------------------------------
CFR-039               24.99           31.09             6.1            2.37
---------------------------------------------------------------------------
CFR-040              167.94          169.47            1.53            2.44
---------------------------------------------------------------------------
CFR-041              148.44          166.73           18.29            0.89
---------------------------------------------------------------------------
CFR-042              125.58          128.63            3.05            2.33
---------------------------------------------------------------------------
CFR-043               60.05           61.57            1.52            5.07
---------------------------------------------------------------------------
CFR-044               93.57          121.01           27.44             1.6
---------------------------------------------------------------------------
CFR-045              110.34          137.77           27.43            2.11
---------------------------------------------------------------------------
CFR-046                   0           13.72           13.72            4.28
---------------------------------------------------------------------------
Incl.                  1.22            2.44            1.22            22.5
---------------------------------------------------------------------------
CFR-048                82.3           83.82            1.52            1.75
---------------------------------------------------------------------------
CFR-049               33.83           39.93             6.1             5.3
---------------------------------------------------------------------------
CFR-050                8.23           14.33             6.1            19.9
---------------------------------------------------------------------------
CFR-051               46.94           59.13           12.19            7.85
---------------------------------------------------------------------------
CFR-052               87.48           93.57            6.09           10.66
---------------------------------------------------------------------------
Incl.                 90.53           93.57            3.04              20
---------------------------------------------------------------------------
CFR-053                 114          167.34           53.34            3.31
---------------------------------------------------------------------------
Incl.                117.04          135.33           18.29            8.23
---------------------------------------------------------------------------
(i) True width estimated at approximately 2/3 core length. Holes CFR-025,  
    026, 33 and 047 were abandoned due to poor ground conditions /         
    mechanical issues.

, , , ,

No Comments

STINA ANNOUNCES DIME EXPLORATION UPDATE AND TRENCH RESULTS

Stina Resources Ltd. has provided an update on the continuing 2011 exploration work on its Dime property in the South Klondike/White Gold district.

Drilling update

Drilling is under way and holes DDH-11-6 through DDH-11-08 have been completed for a total of 560 metres drilled to date. These holes intersected the same lithology as holes DDH-10-03 and 10-04, including silicified and pyritized vein breccias and strongly silicified and pyrite- and arsenopyrite-bearing silicified zones. Drill core is now being processed.

Trenching results

Results from trench sampling completed in July (313 five-metre-long continuous trench samples) were collected from 13 trenches over 1,565 metres total length and 35 additional samples were collected from 35-by-one-metre-deep pits. Samples consist of a representative sample of bedrock and colluviums weighing, on average, six pounds per sample. This has proven to be a very effective method of identifying areas for additional surface work or drilling in the South Klondike/White Gold district.

 

                      TRENCHING RESULTS

Trench No.            Sample       Au        Pb        Cu
and interval       length (m)    (ppb)     (ppm)     (ppm)

Tr-15, 5-80 m             75       46
Tr-15, 95-200 m            5      955
Tr-15, 280-285             5    1,050
Tr-17 pit No. 2                   508
Tr-10, 65-70 m             5      250
Tr-10, 75-80 m             5      536
Tr 10, 100-120 m          20      912
Tr-10, 100-105 m           5    1,454
Tr-10, 105-110 m           5      200
Tr-10, 110-115 m           5      323
Tr-10, 115-120 m           5    1,672     2,966      432
Tr-26, 130-135 m           5    1,035

 

Trenches 10 and 15 are located on the east anomaly and trench 26 is on the central anomaly.

Air magnetic survey results

Final airborne magnetic and total count radiometric survey data have been received from Precision GeoSurveys Inc. The total field magnetic data clearly show two parallel and very strong linear seven-kilometre-long northwest-southeast-trending magnetic low anomalies that are both offset a distance of one kilometre along a left lateral zone trending 70 degrees. Stina is still waiting to receive uranium, potassium and thorium maps from Precision. Total count radiometric has been provided, and those data also reflect the prominent northwest-southeast structures obvious in the magnetic data. Once the final data for uranium, potassium and thorium are received, Stina will report it in a subsequent news release.

This northwest-southeast structural trend, along with second and third order east-west and northeast-southwest trends, is important in the South Klondike/White Gold district. All major soil anomalies in this region are located proximal to the 70-degree offset of the northwest-southeast-trending magnetic low.

The west, central and eastern soil anomalies are all located adjacent to the left lateral offset, are within magnetic highs adjacent to the left lateral offset and are part of a 4.5-kilometre soil system identified in 2010.

The initial drill holes DDH-11-06 to DDH-11-06-08 were collared on the western anomaly at the site where DDH-10-03 and DDH-10-04 were collared in 2010. DDH-11-06 was a steeper cut on the zone located in 2010 that returned the following results last season.

 

Drill hole  From (m)    To (m)  Interval (m)     Grade  (g/t Au)

DDH-10-03      58.5     60.00           1.5                4.15 
DDH-10-04     59.90     92.00          32.0                0.71 
Including     59.50     69.50           9.6                1.10

 

Additional drill holes will be based on results of the 2011 trench sampling, soil sampling, and airborne magnetic and radiometric survey data. Initial drill results expected in September. The company expects to drill 15 to 20 core holes on Dime in 2011.

James Corrigan, president of the company, commented on this year’s exploration program: “Mr. Doherty is a consummate professional and has done a tremendous job managing our Yukon Dime project, despite weather and inherent logistical challenges of the region. Mr. Doherty has done a commendable job of bringing in highly experienced people and staying within a tight work schedule and budget throughout the 2011 season, and we are very pleased to see Stina functioning efficiently on all levels of management. We look forward in anticipation to furthering our 2011 Yukon exploration program by staying within noted prospector Shawn Ryan’s unique and successful exploration method of soil sampling, trenching, magnetic survey evaluation and drilling in an orderly manner, which has a proven track record on other Shawn Ryan properties.”

Al Doherty of Whitehorse, Yukon, is a designated qualified person acting for the company and assisted in the preparation of this news release.

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No Comments

KAMINAK DRILLS 74.9 G/T AU OVER 4M AT DOUBLE DOUBLE: HIGH-GRADE GOLD ZONE OPEN ALONG TREND AND DEPTH

Kaminak Gold Corp. has released assay results from 11 diamond drill holes from the Double Double zone, located on the company’s 150,000-acre Coffee gold property, Yukon. The Double Double zone represents one of nine gold targets to be drilled in 2011 by Kaminak as part of its ongoing 40,000m drill program. Each of these zones begin at surface and remain open along trend and at depth.

Key Point Summary

 

--  CFD-90 yields 74.9 grams per tonne gold (g/t Au) over 4m starting at
    105m core length. Re-assay checks and duplicate screen-method fire assay
    sampling of this ultra high-grade interval yielded repeatable results. 
--  CFD-88 yields 25.4 g/t Au over 2m (from 43m); CFD-81 yields 8.37 g/t Au
    over 5m (from 73m); CFD-93 yields 12.15 g/t Au over 3m (from 57m); CFD-
    101 yields 14.35 g/t Au over 2m (from 29m) and CFD-104 yields 56.4 g/t
    Au over 1m (from 71m) 
--  Near-surface and high-grade gold intercepts encountered within vertical
    structural corridor traceable over 200m along trend; remains open in all
    directions. 
--  New structural interpretation suggest the Double Double zone represents
    the easterly high-grade extension of the Latte gold zone located 800m
    west

 

Drill Results

The Double Double gold zone was discovered in 2010 by drilling beneath a linear gold-in-soil trend that extends for at least 1km along a west to northwest trend which is also co-incident with a magnetic lineament traceable for several more kilometers, suggesting the gold-bearing structures at Double Double extend for several kilometers and possibly link with the Latte gold zones located 800m west. A total of 11 diamond drill holes were completed along a 200m long portion of the gold-in-soil anomaly in order to follow-up drill results from 2010 that included: 6.35 g/t Au over 35m (starting at 139m core depth) from hole CFD-27 and 15.9 g/t Au over 5m (starting at 213m core length) from hole CFD-28 (see Kaminak news releases dated August 11th, 2010 and August 24th, 2010). Complete assay sheets, plan maps and cross-sections of the 2011 drilling are now available on the Kaminak website.

Drill hole CFD-90 yielded an ultra-high-grade intercept between 105m and 109m down-hole (refer to table 1 below). An original 30g fire assay of 1/2 cut core yielded a weighted average of 69.6 g/t Au over 4m with individual assays yielding 105.5 g/t Au (105-106m), 106 g/t Au (106-107m), 62.7 g/t Au (107-108m) and 4.14 g/t Au (108-109m). In order to validate these results, an additional 1kg sample of this material was taken and screened through a 100 micron mesh and analyzed by fire assay. A third fire assay was completed by screening a 1kg sample obtained by re-cutting the remaining drill core stored on site (1/4 core sampling). Results of both screen assays yielded consistent and repeatable results averaging 74.9 g/t Au over 4m with assays averaging 120.25 g/t Au (105-106m), 98.7 g/t Au (106-107m), 76.4 g/t Au (107-108m) and 4.24 g/t Au (108-109m). Coarse gold (greater than 100 micron) accounted for only 4-7% in all samples suggesting minimal nugget effect.

 

Table 1 - Assays from 105-109m for CFD-90                                 

------------------------------------------------------------------------- 
                  1/2 core    1/2 core 1kg    1/4 core 1kg       Avg. 1kg 
Depth               30g FA       screen FA       screen FA      screen FA 
(m)                (g/t Au)        (g/t Au)        (g/t Au)       (g/t Au)
------------------------------------------------------------------------- 
105-106              105.5             105           135.5         120.25 
------------------------------------------------------------------------- 
106-107                106             109            88.4           98.7 
------------------------------------------------------------------------- 
107-108               62.7              64            88.8           76.4 
------------------------------------------------------------------------- 
108-109               4.14            4.49            3.99           4.24 
------------------------------------------------------------------------- 
(FA = fire assay)

 

Ultra-high-grade samples in drill hole CFD090 are characterized by increased breccia and intensely silicified material with no recognizable host rock. Silicified host material is overprinted by (micro) breccia as well as chalcedonic silica vein networks. Sericite is low in the samples, as the overwhelming alteration is silica; minor scorodite, fuchsite and leucoxene. The sulphide content is not unusually high for Coffee gold environments, thus the addition of silica appears to be more important to the increased gold tenor. A representative photo montage of mineralized samples is available on the Kaminak website.

Results suggest gold is hosted in a number of near-vertical to steep north-dipping zones traceable within the broader regional magnetic lineament and gold-in-soil anomaly. These high-grade gold zones are typically meter-scale in width and are recognized mainly by increased levels of hydrothermal alteration. The most consistent and traceable structure defined to date is informally known as the “North Trend” and is noted on all cross-sections drilled. For example, drilling on section 5125E intercepted the North Trend in holes CFD-88 (25.4 g/t Au over 2m) and CFD-90 (74.9 g/t Au over 4m). Moreover, section 5275E cut the North Trend in hole CFD-93 (8.23 g/t Au over 3m) and hole CFD-98 (4.32 g/t Au over 4m) and section 5075E drilled through the North Trend in hole CFD-101 (14.35 g/t Au over 2m) and hole CFD-104 (56.4 g/t Au over 1m). Deeper drilling at Double Double uncovered several parallel zones to the North Trend, including the “Central Trend”; however, since the focus of the drilling was on defining the North Trend, little is known about these deeper zones. Collectively, these observations re-affirm the high-grade and continuous nature of gold within the Double Double zone and also illustrate the importance of tracing high-angle structural corridors.

Drill Update

Over 28,000m of drilling has now been completed on the Coffee property during the 2011 season and the Company is on schedule to complete the 40,000m program as initially outlined in the spring of 2011. Three diamond drills and one reverse circulation drill (RC) are currently active on the property. Assays from Latte (50 diamond holes), Supremo (31 RC holes), and Kona (28 RC holes) are currently pending and initial results from Supremo and Latte are expected in the coming weeks. Two drills are currently operating on the Kona zone (1 diamond drill and 1 RC drill) and one diamond drill is located on Latte and Connector zones respectively.

Kaminak is also pleased to report it has begun construction of a 15km long gravel road that will connect the Coffee Camp and airstrip to the main drill areas of Latte, Connector, Double Double and Supremo. The road is expected to be completed by the end of Q3 of 2011 and will allow the Company to extend future drill seasons and reduce aircraft costs. Summer barge season is in full-swing and heavy equipment (bulldozer, loader and dump truck) have been mobilized to site in order to facilitate road construction. Three bulk fuel tanks (75,000 liter capacity each) are also on site and are currently being installed.

 

Table 2 - Complete Assay Table                                           

-------------------------------------------------------------------------
Drill                From             To       Interval    Weighted grade
Hole #                 (m)            (m)         (m)(i)          (g/t Au)
-------------------------------------------------------------------------
CFD-77                 75             77              2              5.78
-------------------------------------------------------------------------
CFD-79                162            166              4              2.27
-------------------------------------------------------------------------
and                   191            193              2              4.55
-------------------------------------------------------------------------
CFD-81                 73             78              5              8.37
-------------------------------------------------------------------------
Incl.                  77             78              1              34.3
-------------------------------------------------------------------------
CFD-83                 43             44              1             16.65
-------------------------------------------------------------------------
CFD-86                260            269              9                 1
-------------------------------------------------------------------------
CFD-88                 43             50              7              8.29
-------------------------------------------------------------------------
Incl.                  43             45              2              25.4
-------------------------------------------------------------------------
CFD-90                105            109              4              74.9
-------------------------------------------------------------------------
and                   189            191              2              5.89
-------------------------------------------------------------------------
and                   205            207              2              7.22
-------------------------------------------------------------------------
Incl.                 206            207              1             13.15
-------------------------------------------------------------------------
CFD-93                 12             15              3              8.23
-------------------------------------------------------------------------
and                    57             60              3             12.15
-------------------------------------------------------------------------
Incl.                  58             59              1              32.9
-------------------------------------------------------------------------
and                   101            107              6              5.31
-------------------------------------------------------------------------
incl                  103            104              1              27.5
-------------------------------------------------------------------------
and                   167            172              5              6.21
-------------------------------------------------------------------------
CFD-98                 16             20              4              4.32
-------------------------------------------------------------------------
and                    97            103              6                 2
-------------------------------------------------------------------------
CFD-101                29             31              2             14.35
-------------------------------------------------------------------------
CFD-104                71             72              1              56.4
-------------------------------------------------------------------------
and                   147            148              1              4.29
-------------------------------------------------------------------------
and                   225            226              1              2.69
-------------------------------------------------------------------------
(i) True width estimated at approximately 2/3 core length.

 

QA / QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak’s President and CEO, 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.

, , ,

No Comments

ETHOS IDENTIFIES NEW MASCOT CREEK GOLD SOIL ANOMALY NEAR THE COFFEE FAULT, BETTY PROPERTY,WHITE GOLD DISTRICT, YUKON

Ethos Capital Corp. has gold analyses from soil samples up to 277 parts per billion gold. It also has provided an update on the continuing exploration at the Betty property located southeast along strike of Kaminak Gold Corporation’s Coffee discovery in the White Gold district, west-central Yukon Territory, Canada, and just one of the five properties that Ethos owns in the area.

Ethos is currently exploring 4,963 claims covering an area of 1,038 square kilometres in the emerging White Gold district. Ethos’s Betty property, comprising 730 claims covering 152 square kilometres, is situated immediately east of Kaminak’s Coffee property. Gold mineralization at Kaminak’s flagship Coffee property is associated with a regional-scale structural corridor termed the Coffee fault. The Coffee fault is defined by a pronounced east-west-trending topographic and magnetic lineament that transects Ethos’s Betty property. The Coffee fault and subordinate structures are the focus of Ethos’s Betty property exploration program.

A total of 3,875 reconnaissance ridge-and-spur soil samples representing 194 line kilometres of soil data have been collected. Results have now been received for 2,354 samples representing 60 per cent of the total collected at the Betty property. Remaining samples have been delivered to the analytical lab for processing.

A previously reported ridge-and-spur soil result of 597 parts per billion gold (see July 12, 2011, news release) led to the discovery of 2.1 grams per tonne gold in rock at the Buck zone (see July 25, 2011, news release). At present, the Buck zone is defined by trenching to occupy a 250-metre-by-250-metre area of alteration, as described in more detail below. The nearest adjacent ridge-and-spur soil lines are 700 metres away, also with anomalous gold and arsenic geochemistry.

Numerous other gold anomalous soil sites have now been identified. These are all in the process of being field-checked. A gold-in-soil map of results received to date has been posted on the company’s website.

New Mascot Creek soil anomaly

New results reveal significant gold-anomalous soils in the area of Mascot Creek located south of the main Coffee fault. A line of reconnaissance ridge-and-spur soils collected at 50-metre intervals above the west bank along Mascot Creek returned a continuous gold-in-soil anomaly above 10 ppb gold that is 2,500 metres long, then a 650-metre interval gap not anomalous, then an additional 650-metre-long gold-in-soil anomaly. The entire soil line ranges in value from 10 ppb, with the numeric average of 34 ppb gold, and with multiple sites above 100 ppb gold to a maximum of 277 ppb Au. Soil values above 14 ppb Au are statistically anomalous above the 95th percentile for Ethos’s soil sample database. These gold-anomalous sites are also uniformly highly anomalous in arsenic with many values above 250 ppm and six values between 505 ppm to 1,611 ppm As. These Au and As values are consistent with results reported by Kaminak from soils in proximity to gold-mineralized zones.

A second line of reconnaissance ridge-and-spur soils was collected at 50-metre intervals along the ridge top 900 metres west of the line in Mascot Creek with similar results. There is a 1,400-metre-long gold-in-soil anomaly above 10 ppb, then a 500-metre interval gap not anomalous, then an additional 450-metre-long gold-in-soil anomaly. The anomalous values begin at 10 ppb and reach a maximum of 134 ppb Au along this line, with a numeric average of 34 ppb Au. These gold-anomalous sites are also uniformly anomalous in arsenic with several values above 250 ppm As and one value of 501 ppm As.

Samples from adjacent soil lines which would help refine the geographic extent of this anomalous area are still in the lab with analytical results pending.

The Mascot Creek area is now a priority area for follow-up. Prospecting surveys have begun. Trenching of the anomalous gold-in-soil line along the ridge top is planned as soon as the backhoe completes Buck zone trenching. An additional 1,000 soil samples from a follow-up detailed soil grid are planned for collection to expand the soil coverage; this program should begin shortly.

Airborne surveying

A total of 2,406 line kilometres of magnetic and radiometric surveying of the Betty property has been completed, and preliminary results are in hand. The magnetic survey clearly images the first-order Coffee fault as well as many additional second- and tertiary-order structures. The Buck zone is shown to be an area of intersecting east-west and north-south magnetic linears interpreted as faults. The Mascot Creek area gold-anomalous soils are also associated with strong magnetic linears.

Buck zone trenching

The company has completed 1,500 metres of trenching at the Buck zone gold discovery in the immediate area of the 2.1-gram-per-tonne-gold sample site. The trenches cover approximately a 250-square-metre area and are spaced 50 metres apart. The area is confirmed to have abundant silicification, quartz veining, iron oxidation and locally relict arsenopyrite and pyrite. Prospecting the immediate area has uncovered an outcrop containing boulangerite (antimony-arsenic sulphide), stibnite (antimony sulphide) and arsenopyrite (arsenic sulphide) approximately 600 metres south of the Buck zone. The outcrop is along a north-south structure interpreted from the magnetic data extending from the Buck zone. Photographs of rock samples and trenching are available on the company’s website.

A total of 298 rock samples have been collected from the Betty property predominantly from the Buck zone trenches and the antimony-arsenic-bearing outcrop. All rock samples have been submitted as a rush order to the analytical lab.

Peter Tallman, PGeo, chief operating officer of Ethos, states, “The recognition of antimony and arsenical sulphides associated with gold mineralization and strong alteration adjacent to the Coffee fault, combined with the general level of oxidation of the host rocks, continues to compare favourably with extremely similar early results obtained by Kaminak Gold Corp., our neighbour to the west.”

Gary Freeman, chief executive officer and president of Ethos, states, “We continue to work diligently and methodically in investigating the many new gold target areas which continue to come to light and we are excited by the preliminary indications received to date.”

A comprehensive quality assurance/quality control program is in place to monitor precision and accuracy of the assay results. All soil samples are submitted with certified reference materials. Soil sample duplicates are routinely collected, and pulp duplicates are obtained for all soil samples. Ridge-and-spur soil samples are analyzed by Acme Analytical Laboratories Ltd. A 15-gram subsample of soil material is ignited, acid digested, and gold determined by ICP-MS; a 0.5-gram subsample undergoes aqua regia digestion with ICP-MS analysis for 36 reporting elements including arsenic. Analytical QA/QC programs monitoring the precision and accuracy of results includes the routine use of assaying sample duplicates, certified reference standard(s); and both assay and prep wash blanks. Acme is ISO 9001-certified.

The technical information contained within this news release has been reviewed and approved by Mr. Tallman, PGeo, chief operating officer of Ethos Capital and qualified person as defined by National Instrument 43-101 policy.

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Stina to start drilling on Dime property next week, Yukon

Diamond drilling on Stina Resources Ltd.’s Dime gold property in the Yukon Ten Mile Creek region is expected to start next week. Kluane Drilling has been contracted for the drilling.

The company will issue an exploration update news release next week with further information.

Al Doherty, PGeo, of Whitehorse, Yukon Territory, is a qualified person for the company and assisted in the preparation of this news release.

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