Posts Tagged Area Play

Northern Tiger Resources Reports Additional Assay Results at 3Ace Property, Yukon Intersects 3.15 g/t over 27.9 metres, including 45.22 g/t over 1.3 metres

Northern Tiger Resources Inc. (“Northern Tiger” or the “Company”) (NTR: TSX-V) is pleased to announce that assays have been received for an additional twelve diamond drill holes from the 3Ace Property in the southeast Yukon. Assays have now been reported for 20 of the 29 holes completed to depth in the 2011 drill campaign. Assays are pending for five additional Main Zone holes and for two scout holes at each of the North Zone and the road showing prospects.

Key results from the twelve holes being reported include:

  • 3A-11-18 — 1.25 g/t gold over 30.5 metres, including 3.11 g/t gold over 6.8 metres
  • 3A-11-28 — 1.15 g/t over 23.0 metres, including 6.45 g/t over 1.0 metre
  • 3A-11-32 — 3.15 g/t over 27.9 metres, including 45.22 g/t over 1.3 metres

“Drilling continues to demonstrate the continuity of the Main Zone,” says Greg Hayes, President of Northern Tiger. “We have also observed visible gold in six of the seventeen Main Zone holes reported so far this year – an encouraging indicator of the strength of the mineralizing system at 3Ace.”

Main Zone Holes 3A-11-18, 28 and 32 are step-back holes, and all three holes intercepted significant gold mineralization and continue to demonstrate the down-dip continuity of the Main Zone. Hole 3A-11-20a is an in-fill hole that also intersected the mineralized zone. Hole 3A-11-21 was drilled roughly parallel to the strike of the mineralized structure, primarily to obtain additional information on the geometry of the Main Zone stratigraphy. Hole 3A-11-24a, a 50 metre step out to the south of Hole 3A-10-02, did not intercept any significant mineralization, and the Main Zone is interpreted to be either off-set or terminated by a fault at this location. The Main Zone continues to be open along strike to the north and down-dip.

Six scout holes from three separate set-ups tested a small portion of the Green Zone West geochemical anomaly. All six holes intercepted narrow zones of relatively low-grade gold mineralization. The Green Zone West mineralization intercepted in these initial drill holes does not adequately explain the scale and tenor of the soil anomaly and further drill testing is warranted.

Maps showing drill hole locations and intercepts will be posted on the Company’s website at www.northern-tiger.com.

Significant intercepts include:

>

Hole # Dip Azimuth Zone Interval
(m)
Width
(m)
Gold
(g/t)
3A-11-18 -60o 270o Main 97.8 — 99.0 1.2 7.50
108.0 — 109.6 1.6 3.64
145.0 — 175.5 30.5 1.25
Including 168.7 — 175.5 6.8 3.11
279.0 — 281.0 2.0 1.87
3A-11-20a -60o 270o Main 99.0 — 115.3 16.3 0.52
136.2 — 138.0 1.8 0.65
3A-11-21 -60o 190o Main 70.0 — 72.0 2.0 0.58
92.7 — 94.7 2.0 1.09
119.2 — 125.0 5.8 0.68
182.5 — 183.5 1.0 0.68
3A-11-24a -65o 270o Main No significant intercepts
3A-11-28 -60o 270o Main 48.4 — 50.5 2.1 0.59
89.0 — 112.0 23.0 1.15
Including 101.0 — 102.0 1.0 6.45
Including 107.4 — 108.5 1.0 4.87
130.0 — 132.0 2.0 2.16
147.3 — 149.0 1.7 2.70
222.0 — 226.9 4.9 0.78
3A-11-32 -60o 270o Main 87.1 — 115.0 27.9 3.15
Including 100.1 — 101.4 1.3 45.22
Including 110.0 — 111.0 1.0 12.76
123.0 — 128.4 5.4 0.57
189.0 — 191.5 2.5 0.63
238.0 — 239.0 1.0 2.05
3A-11-22 -60o 245o Green 48.6 — 50.6 2.0 0.72
3A-11-23 -75o 245o Green 155.2 — 157.9 2.7 3.00
3A-11-25 -85o 245o Green 147.2 — 150.0 2.8 0.83
3A-11-26 -60o 160o Green 13.5 — 15.0 1.5 0.81
3A-11-27 -75o 160o Green 296.2 — 301.3 5.1 0.62
3A-11-30 -75o 160o Green 97.0 — 98.3 1.3 0.64
360.0 — 361.0 1.0 0.61

Notes:

  • Holes 3A-11-20 and 3A-11-24 were lost due to difficult ground condition. The holes were steepened and re-drilled as 3A-11-20a and 3A-11-24a. Hole 3A-11-29 was lost due to difficult ground conditions and was not re-drilled.
  • Reported intersections are drilled thicknesses, as true widths have not yet been determined.

This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101. All rock and drill core samples were analyzed by Inspectorate America Corporation of Richmond, British Columbia using 50 gram fire assay and 50-element, 4-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 metallic screen 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.

Northern Tiger Resources Inc. (NTR: TSX-V) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. The company has a portfolio of gold and copper focused projects in the Yukon, including 3Ace (high-grade gold discovery made in 2010), Sprogge, Sonora Gulch and five properties prospective for Minto-style high-grade copper mineralization. Through its exploration alliance with Capstone Mining Corp.’s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.

For further information please contact:
Greg Hayes, President and CEO
info@northern-tiger.com

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KAMINAK EXPANDS NEAR-SURFACE GOLD ZONES AT KONA; NEW RESULTS INCLUDE: 5.2 G/T AU OVER 10.7M, 2.3 G/T AU OVER 12.8M, 2.5 G/T AU OVER 16.7M AND 4.5 G/T AU OVER 9.1M

Kaminak Gold Corp. has released results from reverse circulation (RC) drilling (46 holes) and diamond drilling (six holes) from the Kona zone, located on the company’s 150,000-acre Coffee gold property, Yukon Territory. Kona represents an early-stage prospect that occurs 5km west of the Latte-Supremo gold zones. The 2011 drilling at Kona focused on evaluating a 400m long portion of the greater than 3000m gold-in-soil trend. Gold was intersected across the entire 400m portion of the soil anomaly, including a near-surface high-grade plunging zone.

Kona Drill Results

CFR-56 - 5.2 g/t Au over 11m (from 66m)                                     
CFR-59 - 1.4 g/t Au over 11m (from 17m)                                     
CFR-60 - 4.5 g/t Au over 9m (from 40m)                                      
CFR-61 - 2.1 g/t Au over 20m (from 66m)                                     
CFR-63 - 2.3 g/t Au over 13m (from 4m)                                      
CFR-64 - 1.3 g/t Au over 23m (from 30m)                                     
CFR-67 - 1.7 g/t Au over 17m (from 29m)                                     
CFR-74 - 2.5 g/t Au over 17m (from 140m)

Summary

--  Kona drilling defines near-surface gold mineralization over 400m strike,
    co-incident with an extensive gold-in-soil anomaly. The mineralized zone
    remains open in all directions. Results include 5.2 grams per tonne gold
    (g/t Au) over 11m (from 66m) and 2.5 g/t Au over 17m (from 140m). 

--  Reconnaissance drilling identifies new bedrock gold zone at Kona North,
    including 2.0 g/t Au over 14m (from 51m) and 1.0 g/t over 26m (from
    53m). A significant portion of the extensive gold-in-soil anomaly
    remains untested. 

--  Mineralized zones occur as plunging high-grade lodes hosted within
    steeply-dipping fault zones. Mineralogy and geochemistry suggest a link
    with the Latte-Supremo gold zones located greater than 5km to the east. 

--  Granite-hosted gold targets such as Kona, Espresso and Americano remain
    largely untested despite extensive gold-in-soil trends. Width and grade
    of near-surface Kona gold zones is consistent with Coffee-style
    mineralized trends discovered elsewhere on the property.

Drill Results

The principal objective of the 2011 Kona drilling program was to follow-up on the initial drill discovery made in 2010 comprising intercepts of 2.2g/t Au over 57m and 1.9 g/t Au over 23m in diamond core hole CFD-53 (see news release October 12, 2010). Prior to commencement of drilling in 2011, a horizontal loop EM survey was undertaken over the main Kona gold-in-soil anomaly with results indicating an east-northeast trending bedrock structure coincident with the gold-in-soil trend. Subsequently, the 2011 drill program was designed to step-out along strike to the east and west of the initial 2010 drill discovery on north-south oriented traverses. Drilling successfully intersected steeply dipping east-northeast striking fracture/shear zones, which are co-incident with overlying gold-in-soil anomalies. Gold mineralization was intersected on every drill section over a 400m strike length and to greater than 200m below surface. Multiple close-spaced parallel mineralized structures are present over the majority of the Kona zone tested to date. High-grade gold mineralization is interpreted as forming a near-surface high-grade plunging lode, which includes intercepts of up to 4.51g/t over 20m (CFD-53) and 5.16 g/t Au over 10.67m (CFR-56).

In addition, a previously un-drilled section of the Kona North zone consisting of a +100ppb Au north-south trending gold-in-soil zone over a total length of greater than 500m was tested by reconnaissance RC drilling resulting in the discovery of a new zone of bedrock gold mineralization. Three east-west oriented sections were drilled over the southern portion of the gold-in-soil trend. Two gold mineralized structures were intersected on section 3400N interpreted as steeply-west dipping zones. Drill intercepts include 1.03g/t over 25.91m (CFR-95) and 2.03g/t over 13.71m (CFR-94). Additional drilling is required along strike to north and south to confirm strike orientation.

The host rock at Kona and Kona North comprises granite, which is strongly sericite and clay-altered adjacent to mineralized structures. Gold mineralization is associated with disseminated pyrite and pyrite veinlets in fracture/shear zones. High gold grades correspond with sulfide-matrix fault breccias. Shear zones are oxidized near surface containing abundant limonite after sulfide with oxidation locally persisting up to 100 meters depth. Geological and geochemical similarities between Kona and the Latte-Supremo-Double Double zones greater than 5km to the east suggest all zones are related to the same mineralizing event and, as a result, are potentially connected along trend. The Latte Structure is interpreted to intersect the northern section of the Kona North zone.

Gold mineralization at Kona and Kona North commences at surface and remains open in all directions. Additional follow-up drilling is planned to be undertaken in 2012. Also, extensive gold-in-soil trends remain to be systematically tested at Kona and at the adjacent Espresso and Americano zones.

                         ASSAY TABLE
                                                              Weighted grade
Drill Hole #        From (m)      To (m)      Width (m)(i)          (g/t Au)

Kona                                                                        
Section 9550E                                                               
CFR-75                112.78      114.30              1.52              2.30
CFR-76                 33.83       46.02             12.19              1.60
             and      125.27      128.32              3.05              1.55
             and      172.52      175.56              3.04              0.69
CFR-77                 92.96      100.58              7.62              0.77
CFR-78                 56.69       58.22              1.53              1.08
CFR-79                140.51      148.13              7.62              2.87
Section 9600E                                                               
CFR-72                 49.38       53.95              4.57              1.87
             and       73.76       75.29              1.53              3.44
             and      111.86      119.48              7.62              5.52
CFR-73                 10.67       13.72              3.05              1.93
             and       89.92      106.68             16.76              1.09
             and      117.35      121.92              4.57              2.05
CFR-74                123.44      128.02              4.58              1.21
                      140.21      156.97             16.76              2.54
CFD-150                 76.0        78.0               2.0              1.15
             and       206.0       212.0               6.0              2.31
             and       217.0       220.0               3.0              3.84
             and       253.0       255.0               2.0              1.95
             and       269.0       271.0               2.0              3.30
Section 9650E                                                               
CFR-62                 40.54       42.06              1.52              2.51
CFR-63                  3.96       16.76              12.8              2.33
             and        38.1       47.24              9.14              1.22
             and       59.44       65.53              6.09              1.01
             and       74.68       79.25              4.57              1.01
CFR-64                 30.48       53.34             22.86              1.31
             and      109.73      114.30              4.57              0.89
             and      126.49      129.54              3.05              0.97
CFR-65                 85.95       90.53              4.58              2.24
             and      119.48      122.53              3.05              1.50
             and      174.35      177.39              3.04              1.73
Section 9700                                                                
----------------------------------------------------------------------------
CFR-54(ii)                 0        4.27              4.27              1.50
----------------------------------------------------------------------------
             and        7.32       17.98             10.66              0.84
----------------------------------------------------------------------------
             and       27.13       33.22              6.09              1.43
----------------------------------------------------------------------------
             and       62.18       77.42             15.24              1.39
----------------------------------------------------------------------------
             and       83.52       91.14              7.62              1.53
----------------------------------------------------------------------------
CFR-55(ii)                 0        7.92              7.92              2.51
----------------------------------------------------------------------------
             and       20.12       47.55             27.43              2.48
----------------------------------------------------------------------------
             and      152.70      184.71             32.01              1.00
----------------------------------------------------------------------------
CFR-56                 44.81       55.47             10.66              1.34
----------------------------------------------------------------------------
             and       66.14       76.81             10.67              5.16
----------------------------------------------------------------------------
             and       90.53       83.57              3.04              4.00
----------------------------------------------------------------------------
             and      142.34      145.39              3.05              1.31
----------------------------------------------------------------------------
CFR-57                 33.53       36.58              3.05              1.53
----------------------------------------------------------------------------
CFD-137                204.0       209.0               5.0              4.25
----------------------------------------------------------------------------
             and       228.0       230.0               2.0              3.73
----------------------------------------------------------------------------
CFD-141                150.0       156.0               6.0              2.20
----------------------------------------------------------------------------
             and       259.0       261.0               2.0              1.20
----------------------------------------------------------------------------
             and       273.0       280.0               7.0              1.05
----------------------------------------------------------------------------
             and       301.0       303.0               2.0              2.04
----------------------------------------------------------------------------
Section 9750E                                                               
----------------------------------------------------------------------------
CFR-59                 16.76       27.43             10.67              1.39
----------------------------------------------------------------------------
             and       50.29       59.44              9.15              1.35
----------------------------------------------------------------------------
             and      106.68      109.73              3.05              2.33
----------------------------------------------------------------------------
CFR-60                 39.62       48.77              9.15              4.50
----------------------------------------------------------------------------
CFR-61                 65.53       85.34             19.81              2.07
----------------------------------------------------------------------------
             and      109.73      117.35              7.62              0.93
----------------------------------------------------------------------------
             and      138.68      141.73              3.05              1.45
----------------------------------------------------------------------------
Section 9800E                                                               
----------------------------------------------------------------------------
CFR-66                  2.74        5.79              3.05              0.88
----------------------------------------------------------------------------
             and       85.95       90.53              4.58              1.20
----------------------------------------------------------------------------
CFR-67                 29.26       46.02             16.76              1.66
----------------------------------------------------------------------------
       including       29.26       35.36              6.10              1.31
----------------------------------------------------------------------------
             and       41.45       46.02              4.57              4.23
----------------------------------------------------------------------------
            also       58.22       59.74              1.52              2.38
----------------------------------------------------------------------------
CFR-68                 76.20       79.25              3.05              3.39
----------------------------------------------------------------------------
CFR-69                 98.15      102.72              4.57              2.80
----------------------------------------------------------------------------
CFD-143                169.0       171.0               2.0              1.07
----------------------------------------------------------------------------
             and       233.0       239.0               6.0              1.01
----------------------------------------------------------------------------
Section 9850E                                                               
----------------------------------------------------------------------------
CFR-70A                17.07       18.59              1.52              1.18
----------------------------------------------------------------------------
CFR-71                 46.33       50.90              4.57              1.38
----------------------------------------------------------------------------
CFD-147                135.0       140.0               5.0              2.28
----------------------------------------------------------------------------
                       149.0       152.0               3.0              1.39
----------------------------------------------------------------------------
Section 9950E                                                               
----------------------------------------------------------------------------
CFR-83                 35.05       38.10              3.05              1.35
----------------------------------------------------------------------------
CFR-84                 89.31       92.35              3.04              5.32
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Kona North                                                                  
----------------------------------------------------------------------------
Section 3300N                                                               
----------------------------------------------------------------------------
CFR-89A                56.39       59.44              3.05              1.77
----------------------------------------------------------------------------
Section 3400N                                                               
----------------------------------------------------------------------------
CFR-93                141.73      150.88              9.15              2.05
----------------------------------------------------------------------------
CFR-94                 50.60       64.31             13.71              2.03
----------------------------------------------------------------------------
             and       78.03       81.08              3.05              1.36
----------------------------------------------------------------------------
CFR-95                 52.73       78.64             25.91              1.03
----------------------------------------------------------------------------
CFR-96                 15.85       21.95              6.10              2.89
----------------------------------------------------------------------------
CFR-97                 20.42       23.47              3.05              0.78
----------------------------------------------------------------------------
CFR-98                 48.46       51.51              3.05              2.49
----------------------------------------------------------------------------
             and       62.18       66.75              4.57              0.93
----------------------------------------------------------------------------
             and       75.90       78.94              3.04              1.53
----------------------------------------------------------------------------
             and       85.04       91.14              6.10              2.16
----------------------------------------------------------------------------
CFR-99                 72.54       74.07              1.53              1.84
----------------------------------------------------------------------------

Drill holes CFR-58, 80-82, 85-88, 90-92 and 97 returned no significant      
values.                                                                     
Drillholes prefixed CFD: diamond core holes. Drillholes prefixed CFR:       
reverse circulation holes.                                                  
(i) True width estimated at approximately 2/3 down-hole length.             
(ii) RC holes 'twin' 2010 diamond core 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 or barge 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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KAMINAK INTERSECTS MULTIPLE HIGH-GRADE GOLD ZONES IN DEEP DRILLING AT LATTE AND NEW GOLD ZONE DISCOVERED AT CONNECTOR

Kaminak Gold Corp. has provided diamond drill results from the Latte (eight holes) and Connector (four holes) zones, located on the company’s 150,000-acre Coffee gold property, Yukon Territory. The deepest hole ever drilled on the property successfully intersected high-grade gold zones to a depth of 450 metres vertical at the Latte zone. Additional drilling at the Connector zone has extended known mineralization 100 m toward the Supremo zone, supporting the concept that Latte and Supremo are related. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization.

Latte Deep results

CFD-164

  • 5.5 grams per tonne gold Au over 14 m (from 353 m);
  • 1.3 g/t Au over 10 m (from 375 m);
  • 5.5 g/t Au over 11 m (from 433 m);
  • 20.5 g/t Au over three m (from 454 m);
  • 2.8 g/t Au over 13 m (from 464 m).

Connector results

CFD-149

  • 1.8 g/t Au over seven m (from 70 m);
  • 1.5 g/t Au over 17 m (from 139 m);
  • 10.1 g/t Au over two m (from 166 m).

CFD-152

  • 11.1 g/t Au over four m (from 103 m);
  • 1.9 g/t Au over eight m (from 153 m).

Summary

  • Deepest hole ever drilled on the Coffee property successfully intersects multiple high-grade zones including 5.5 grams per tonne gold (g/t Au) over 14 m (from 353 m core length); 5.5 g/t Au over 11 m (from 433 m); 20.5 g/t Au over three m (from 454 m) and 2.8 g/t Au over 13 m (from 464 m).
  • Drilling extends Connector zone 100 m along trend toward Supremo gold zones. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization, results include CFD-149: 1.5 g/t Au over 17 m (from 139 m), 10.1 g/t Au over two m (from 166 m) and CFD-152: 11.1 g/t Au over four m (from 103 m) and 1.9 g/t Au over eight m (from 153 m).
  • Latte structure extended an additional 200 m east along strike toward Double Double zone and now extends at least 1,550 m long and is open in every direction and at depth. Assays for three additional deep holes at Latte are pending.
  • Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (900 m north) and the Double Double zone (950 m 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

Two thousand eleven drilling programs were conducted with the objective of extending mineralization along strike and to depth and proving continuity of mineralized structures. In previous news releases, the company announced the extension of the Latte zone over 1,350 m strike length and to 275 metres depth below surface (Sept. 14, 2011) and the discovery of the Connector zone (Nov. 16, 2010) which returned an initial intercept of 5.5 g/t over 11 m on a north-south trend along strike of the Supremo zone.

The drilling covered within this news release extends the east-west-trending Latte mineralized structure to at least 1,550 m along strike and 450 m vertical below surface, and highlights the potential for further extensions to the west and eastward toward the Double Double zone (950 m east). A deep step-back hole at Latte West, CFD-164, drilled to 542.5 m down hole depth, intersected a total of over 250 gram-metres (total grade by width) down hole to a maximum vertical depth below surface of 450 m indicating that the Latte mineralized system persists strongly to depth. Three additional holes to test the depth potential beneath Latte West were drilled along strike of CFD-164 with results currently pending.

In addition, the initial Connector discovery is extended 100 m northward (from CFD-69: 5.5 g/t over 11 m from 133 m depth) thereby confirming the north-south orientation and further highlighting the potential to link this zone with Supremo 900 m to the north along strike. Significantly, a new parallel trending mineralized zone was intersected in drill holes CFD-149 (1.5 g/t over 17 m and 10.1 g/t over two m) and CFD-152 (11.1 g/t over four m), which suggests the potential for the Connector system to host multiple stacked lenses of mineralization akin to the Supremo zones T1 to T7.

Gold mineralization in all zones at Coffee is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite/limonite alteration. High-grade intervals are associated with polyphase breccia, microbreccia, quartz vein breccia, coarse sericite and high sulphide content. Geological similarities between all zones and at all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth.

Latte/Connector is one of several closely spaced gold prospects, which also includes the Supremo zone (900 m north) and the Double Double zone (950 m east). The 2011 drilling has extended mineralization at Latte West 400 m beyond the western limit of the gold-in-soil anomaly, and interpretation of geophysical data supported by gold-in-soil anomalies has reinforced the potential for linkages between the known gold zones. All zones are interpreted to come to surface and remain open along strike and at depth. Drilling in 2012 will continue to test for strike and depth extensions and across strike for multiple stacked lenses of mineralization.

All maps, sections and assay sheets are currently available on the Kaminak website.

                               ASSAY TABLE
                                                                    Weighted
                           From             To          Width          grade
Drill hole No.               (m)            (m)         (m)(i)       (g/t Au)

Latte West
CFD-164                     320            324              4           1.16
and                         344            348              4           1.54
and                         353            367             14           5.47
and                         375            385             10           1.31
and                         433            444             11           5.49
and                         454            457              3          20.52
and                         464            477             13           2.81
CFD-133                     169            170              1           0.63
CFD-138                      14             15              1           0.61
CFD-145                     239            248              9           2.38
and                         307            311              4           1.05
Latte East
CFD-135                      79             82              3           1.50
and                         126            131              5           3.23
CFD-136                     273            274              1           7.46
CFD-139                     217            219              2           2.51
CFD-142                      92             93              1           1.62
Connector
CFD-144                     130            135              5           3.52
and                         199            202              3           1.58
and                         207            211              4           3.99
CFD-146                      62             65              3           1.03
and                          99            105              6           1.00
and                         158            160              2           1.22
and                         302            305              3           0.98
CFD-149                      70             77              7           1.84
and                         127            133              6           2.10
and                         139            156             17           1.51
and                         166            168              2          10.12
and                         195            196              1           9.39
and                         311            313              2           1.26
and                         324            325              1           2.90
and                         362            370              8           1.99
CFD-152                      88             92              4           1.91
and                         103            107              4          11.09
and                         153            161              8           1.90
and                         173            175              2           6.50
and                         230            234              4           0.86

(i) True width estimated at approximately two-thirds 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 to the ALS Minerals 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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KAMINAK DEFINES EXTENSIVE SOIL ANOMALIES ALONG NEWLY RECOGNIZED SUGAR TREND, COFFEE PROJECT

Kaminak Gold Corp. has provided soil results from grid sampling of the Sugar area located approximately 20 kilometres southeast of the Supremo-Latte drill discoveries. The soil results from Sugar further reinforce the company’s belief that a district-scale gold system is present at Coffee. No previous drilling has been completed on the Sugar prospects. Additional widely spaced reconnaissance soil sampling has also been completed on previously unexplored portions of the 150,000-acre Coffee property. Basic soil sampling is a reliable exploration tool at Coffee due to the lack of glacial influence and near-surface nature of gold mineralization.

“These results continue to illustrate the excellent early stage exploration potential of the Coffee property. The scale and intensity of the new Sugar soil results are strikingly similar to the original soil results that led to Kaminak’s drill discoveries in 2010,” stated Dr. Rob Carpenter, Kaminak’s president and chief executive officer. “The Sugar anomalies represent the most significant untested gold-in-soil trends in the Yukon and an extensive drill program is currently planned for early 2012.”

Key point summary

 Several kilometre-scale-long gold-in-soil trends identified in the Sugar area, including Sugar North (minimum one km long) and Sugar South (minimum two km long);

  • Geological setting and geochemical pathfinders suggest mineralized trends at Sugar are typical Coffee-style structurally controlled occurrences;
  • Widely spaced ridge line samples within previously unsampled portions of the Coffee property yield results as high as 3,086 parts per billion Au;
  • Continuing drill program now exceeds 46,000 m completed since April. Current focus is on the Supremo and Latte gold zones.

 Sugar soil results

The Sugar trend was identified by a first-pass ridge and spur sampling in 2010 comprising a broad consistent zone of gold-in-soil located 20 km from the Supremo-Latte zones at Coffee. A follow-up 100 m by 50 m grid soil sampling program was completed in July, 2011. Soil assay results delineate a broad new gold-in-soil footprint measuring four km by 1.8 km. The Sugar zone is now directly comparable in scale and tenor to the original gold-in-soil anomaly over the Supremo-Latte-Double Double areas at Coffee that led to Kaminak’s drill discoveries in 2010.

A total of 2,916 soil samples from Sugar were analyzed and 92 of these samples yielded results greater than 100 ppb Au. Over all, results ranged from background (less than 10 ppb Au) to a high of 2,135 ppb Au (2.135 grams per tonne (g/t) Au). Gold-in-soil anomalies are also associated with high arsenic (As) and antimony (Sb), which is also identical to the Coffee geochemical suite. Two broadly east-west-trending zones are identified as Sugar North and Sugar South.

The core zone of Sugar North (consistent more than 50 ppb Au gold-in-soil) measures one km east-west by 500 m north-south, with 27 more than 100 ppb Au samples peaking at 522 ppb Au. The Sugar North trend can be traced 900 m farther to the west, across a section of north-facing slope where soil sampling is subdued by permafrost, to a zone measuring 600 m by 300 m containing an additional four plus 100 ppb Au samples peaking at 255 ppb Au.

Sugar South comprises an eastern and western zone, separated by a section of north-facing slope where soil sampling is subdued by permafrost. The eastern zone measures 900 m east-west, by 350 m north-south, with 23 more than 100 ppb Au samples peaking at 1,142 ppb Au (1.142 g/t Au). The western zone measures 1,200 m east-west, by 600 m north-south, with 19 more than 100 ppb Au samples peaking at 1,450 ppb Au (1.450 g/t Au). The total combined strike length, if proven by future sampling to be a continuous alteration system, could be in excess of 2.3 km east-west.

Preliminary interpretation of geophysical data suggests east-west-trending structural zones marked by magnetite destruction at both Sugar North and Sugar South, plus additional possible structural trends in other orientations akin to those observed at Coffee. An initial trenching program was completed over the Sugar North and South zones in September, 2011, with assay results currently pending. A follow-up drilling program is planned for 2012.

Several smaller plus 100 ppb Au zones are located throughout the Sugar grid survey, and ridge and spur sampling returned an additional six plus 100 ppb Au samples peaking at 3,086 ppb Au located within an area measuring seven km by five km to the east of the current Sugar grid. This zone will be targeted for follow-up grid soil sampling in 2012.

Maps are currently available on the Kaminak website.

Subject to regulatory approval, the board of directors has granted an aggregate of 150,000 stock options under the company’s stock option plan to newly appointed chief financial officer, Jonathan Singh. The stock options have an exercise price of $2.82 per share, will vest according to schedules set by the board of directors and are exercisable for a period of five years.

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No Comments

STINA ANNOUNCES COMPLETION OF 2011 EXPLORATION DIME PROGRAM

Stina Resources announces that it has completed a 14-hole 2,574 meters drill program on its 100% owned Dime property located 67 km southwest of Dawson City in the South Klondike/White Gold district. Drilling commenced on August 10 and was completed on September 18. All core has been logged and sampled, and results are pending for 1,750 core samples as well as 220 QA/QC samples including standards, blanks and duplicates.

Other work completed during the 2011 season included an airborne magnetometer and Radiometric survey over the entire Dime and the Kodiak Property claim blocks. 854 additional Auger soil samples were collected, mostly over the Western Anomaly as infill sampling. A 1500 meter trenching program was also completed on the Western Anomaly.

Trench samples consist of a representative 5-meter continuous chip sample of bedrock and colluviums, weighing on average 6 lb per sample. This method has proven to be very effective in identifying areas for additional surface work or drilling in the South Klondike/White Gold District. Prior to receipt of the 5-meter trench sample results collected by Stina, independent Qualified Person Jean Pautler, P.Geo conducted independent grab samples from the same trenches and reproduced anomalous gold values within anomalies identified from the 5 meter continuous bulk chip samples collected by Stina crews earlier in the season.

The 2011 drill program was designed to test anomalous areas identified by soil and trench sampling on the Western Anomaly, and to follow up on successful drill results from 2010 on both the Eastern and Western anomalies (See News Release Aug 23, 2011).

Western Anomaly

Holes DDH-11-6 to 8 were collared to follow up on drill results from 2010. DDH-10-03 in 2010 returned 4.15 gm/t Au over 1.5 m from 58.5 m and DDH-10-04 in returned 0.71 gm/t Au over 32 m from 50.9 m including 1.1 gm/t Au over 9.6 m from 59.90 m. Holes DDH-11-6 to 8 intersected the same lithologic units as holes DDH-10-03 & 10-04, including silicified and pyritized vein breccias and strongly silicified and pyrite and arsenopyrite bearing silicified zones and granitic dykes and confirmed a steep south dipping east-west structure on the Western Anomaly.

Eastern Anomaly

Drilling on the Eastern anomaly consisted of 2,014 meters in 11 core holes drilled primarily based on trench anomalies. A complex cupola zone of granite intruding and brecciating metasedimentary rocks underlies the Eastern Anomaly. Core was strongly silicified, brecciated and hosted disseminated pyrite and arsenopyrite over significant widths. All core has been processed and results are pending.

A rigorous QA/QC protocol has been followed in 2011. Samples are shipped from the property to Acme Analytical Laboratories prep lab in Dawson City, Yukon. A 1 kg split is crushed to 80% passing 10 mesh. A second 250 g split is pulverized to 85% passing 200 mesh. A 30 gm /Ag inquart fire assay fusion by ICP-ES methods and a 31 element ICP analyses are completed in Vancouver. Sample batches include Certified Standards, blanks, and duplicates in each sample batch.

The Company is very pleased with the progress made during the 2011 exploration season. Despite weather and logistical challenges encumbering the entire Yukon in 2011, the Stina field staff conducted a very diligent, and successful work program. The Company drilled within its target range over both established 2010 targets and newly established 2011 targets on the Dime property in addition to soil sampling, trenching and air magnetic surveying, while maintaining its exploration budget.

The Board of Directors extends a sincere thank you to VP of Exploration, Mr. Al Doherty for his high level of standards, work ethic and professionalism over the 2011 work season, in addition to the entire field staff and consulting geologists Jean Pautler and Jo van Randen.

The Company expects to receive drilling assays over the next several weeks and will release results as they become available and have been evaluated.

I personally wish to thank shareholders for their continued support through a challenging financial period, and wish to reiterate the Company’s commitment to continued development of its assets, and future exploration. I expect 2012 to be an even bigger year for Stina.

R. Allan Doherty, P.Geo is a qualified person as defined in National Instrument 43-101 and has reviewed and approved this news release. Mr. Doherty also managed the 2011 Dime exploration program onsite.

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No Comments

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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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.

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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
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CFR-035               30.48           45.72           15.24           13.50
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Incl.                 35.05           39.62            4.57            29.4
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CFR-036               50.29           59.44            9.15            8.67
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Incl.                 53.34           56.39            3.05            22.1
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CFR-037               93.27           96.32            3.05            1.42
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CFR-038               22.86           24.38            1.52            3.41
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CFR-038A              24.69           26.21            1.52            2.42
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CFR-039               24.99           31.09             6.1            2.37
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CFR-040              167.94          169.47            1.53            2.44
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CFR-041              148.44          166.73           18.29            0.89
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CFR-042              125.58          128.63            3.05            2.33
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CFR-043               60.05           61.57            1.52            5.07
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CFR-044               93.57          121.01           27.44             1.6
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CFR-045              110.34          137.77           27.43            2.11
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CFR-046                   0           13.72           13.72            4.28
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Incl.                  1.22            2.44            1.22            22.5
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CFR-048                82.3           83.82            1.52            1.75
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CFR-049               33.83           39.93             6.1             5.3
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CFR-050                8.23           14.33             6.1            19.9
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CFR-051               46.94           59.13           12.19            7.85
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CFR-052               87.48           93.57            6.09           10.66
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Incl.                 90.53           93.57            3.04              20
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CFR-053                 114          167.34           53.34            3.31
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Incl.                117.04          135.33           18.29            8.23
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(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.

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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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