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Pacific Ridge Reports Drill Results, Mariposa Property, Yukon’s White Gold District

VANCOUVER, BRITISH COLUMBIA — November 29, 2011 — Pacific Ridge Exploration Ltd. (TSXV: PEX) (the “Company”) reports that all assay results have now been received from the first diamond drill program on its Mariposa Gold Project, in the Yukon’s White Gold District. The 2011 drill program was successful in making a new gold discovery in the White Gold District.

On the Mariposa property, gold was intersected in a total of 20 drill holes: 18 in the Skookum Main and Skookum West areas, and 2 in the Maisy May area. Broad areas of intensely fractured and hydrothermally altered rock, which appear related to deposition of the gold, were noted in both drill core and surface float samples. The results warrant additional drilling and trenching in 2012 to further define geometry and extent of gold bearing structures encountered and to follow-up on additional targets emerging from 2011 soil sampling. Complete results from approximately 9,000 soil samples collected on the Mariposa and Eureka Dome properties remain pending and will be reported when available.

Also of importance is the identification of a 15 kilometre-long brittle deformation zone, referred to as the Mariposa Fault, within which the presence of gold in bedrock has been confirmed from this year’s diamond drilling. In prolific gold mining camps, such corridors have the potential to host significant gold deposits. Within the Mariposa Fault, which remains largely unexplored, additional targets have emerged from geophysical and geochemical coverage completed to date. A comprehensive exploration program, to include diamond drilling, is therefore planned in 2012 to continue to systematically evaluate this prospective corridor.

HIGHLIGHTS

Skookum Main
• 14 of 18 drill holes intersected gold mineralization within steeply dipping, brittle structures hosted by strongly sericite and quartz K-feldspar altered rock.

• Gold bearing structures within a broad area of altered rock are coincident with linear magnetic lows and elevated gold-in-soil results, which recently returned values up to 1.95 g/t. (grams per tonne).

• Visible gold was noted both in near surface intersections (hole 11MP-01) and at depth (hole 11MP-27), with elevated gold results associated with increased pyrite mineralization, as well as quartz and K-feldspar breccias.

• Drill results indicate gold potential to depth and along strike. Preliminary soil results show gold anomalism to the east and north, where silt samples returned up to 323 ppb gold.

Drill results include the following selected intercepts:

Skookum West
• Soil sampling results identified an open-ended 1.5 kilometre-long trend defined by greater than 50 ppb gold, to a peak result of 514 ppb. Additional soil results are pending.

• Detailed prospecting located gold in float samples, grading up to 19.9 g/t gold.

• Widely spaced drilling intersected narrow gold intercepts in 4 of 14 holes. Strong alteration similar to that at Skookum Main was encountered in drill holes 11MP-10, -11, -32, -33, and -41.

Drill results include the following intercepts:

EXPLORATION REPORT

The 2011 drill program was conducted in the western part of the property where gold-in-soil anomalies were detected in the Mariposa grid area. Five exploration targets were tested with 41 holes comprising 6,000 metres of drilling. The program was carried out within the following target areas: Skookum Main-18 holes (3,005 metres), Skookum West-14 holes (1,671 metres), Maisy May-4 holes (754 metres), Gertie-3 holes (282 metres), and Hackly Gold-2 holes (299 metres). The results for each area are further discussed below, with drill hole assay composites included in the table appended to this report.

The combined results of geophysical and geochemical surveys have identified broad areas of gold anomalism within the Mariposa Fault. This corridor, which contains Skookum Main and Skookum West, is defined by a series of parallel and converging magnetic and topographic breaks interpreted as brittle fault structures. It spans a length of 15 kilometres within the property from the Mariposa grid in the west toward the headwaters of Alberta Creek in the east. The interpreted structures defining the Mariposa Fault cut the prolific placer gold deposits mined in both Scroggie and Mariposa Creeks, suggesting that gold mineralization within these bedrock structures may have contributed to the gold endowment of the placer deposits in the area.

Within the Mariposa Fault, results have identified anomalous gold values in both grid soil and rock sampling along the Skookum Jim trend, which includes Skookum Main and Skookum West, as well as from recent soil sampling in the Alberta Creek area.

Skookum Main
The 2011 exploration program included diamond drilling, airborne and ground geophysical surveys, infill soil sampling within previously defined gold-in-soil anomalies, as well as soil sampling to further define open-ended extensions of the gold-in-soil anomaly. Drilling tested an approximate 600 x 250 metre area of the 3.5 kilometre-long Skookum Jim gold-in-soil trend. A total of 3,005 metres were drilled in 18 holes.

Drill holes targeted 2010 trenching intercepts and combinations of gold-in-soil anomalies and geophysical targets interpreted to represent geological structures. The results of 10 drill holes were previously reported; the results of the remaining 8 drill holes are reported herein. 14 of the 18 holes drilled in this area were successful in identifying a broad gold bearing system closely coincident with a magnetic low response and strong gold-in-soil anomalism.

The first drill hole, 11MP-01, intersected results of 2.44 g/t gold over a drilled interval of 38.9 metres, containing a section of 6.44 g/t gold over 11.1 metres. This hole was drilled under an interval in trench SJ-2, which had returned 1.25 g/t gold over 30 metres. Drill holes 11MP-05 and 11MP-06 also targeted anomalous gold values in trenches, and returned broad sections grading 1.13 g/t gold over 19.8 metres (11MP-05) and 0.63 g/t gold over 45.3 metres (11MP-06). Drill holes cutting deeper in the area of this section (11MP-01, -08, and -27), beyond the extent of oxidation, intersected significant gold results associated with quartz K-feldspar breccias and pyrite, with individual samples up to 9.24 g/t gold.

Drill holes 11MP-01, -02, -05, and -06 intersected gold-bearing intervals hosted within a 75 metre wide (drilled section), steeply dipping corridor of strongly limonitic fractures overprinting quartz veining and breccias, as was encountered in trench SJ-2. This brittle deformation cuts a diffuse contact zone between granodiorite and quartz-biotite gneiss, which have both been hydrothermally altered and cut by local pegmatite and quartz-feldspar pyritic veinlets. Late andesite dykes overprinted by strong faulting and fracturing were intersected in the westernmost drill holes 11MP-22, -23, and -24. Drill hole 11MP-24 encountered mineralization from surface, grading 1.09 g/t gold over 4.5 metres, suggesting that stronger mineralization may be located to the east where there are soil values of up to 620 ppb gold.

Sulphide content varies within the Skookum Main drill holes. Pyrite occurs either as boxworks within limonitic fracture fillings or as grains within quartz veins or silicified sections. Elevated pyrite of 3-5% was noted within intense quartz feldspar breccias encountered in the gold intercept at depth in hole 11MP-27. This style of mineralization was observed at surface in trench SJ-2, and correlates with elevated gold values.

The geometry of observed structures from both drill core and detailed geophysics suggests that a series of steeply dipping, northerly trending (NNW and/or NNE) structures may be important loci for gold mineralization within the northeasterly trend defined by magnetic responses. The predominantly north-south oriented drill pattern of the 2011 program, while successful in encountering significant gold, may have only tested a limited area of these prospective trends. A compilation of exploration results currently in progress should further define the geometry of the gold bearing structures in preparation for drilling in 2012.

Skookum West
Within the 1.5 kilometre-long Skookum West area, a total of 1,672 metres were drilled in 14 holes. The targets included a combination of geophysically defined lineaments, elevated gold-in-soil results, and numerous rock sample results (angular float) ranging in grade from 0.5 to 19.9 g/t gold. Targets were tested by either single holes or the fanning of up to 3 holes from one set-up in order to obtain additional geological information.

Drilling tested an east-northeast trending magnetic low anomaly with 6 widely spaced holes over a 700 metre distance (11MP-10, -11, -31, -32, -33, and -41). Eight holes (11MP-12, and 11MP-34 through 11MP 40), drilled from 4 additional sites, tested geophysical and topographic lineaments and gold values in float sample locations.

The targets drilled in the Skookum West area returned narrow intercepts in holes 11MP-10, -12, -32, -33, and -34. The best results to date, from 11MP-10 and 11MP-33, returned 1.19 g/t gold over 4.1 metres and 3.74 g/t gold over 1.2 metres, respectively. The intensity of alteration, fracturing, and veining is widely variable from strong, in drill holes 11MP-31, -32, and -41, to no alteration in drill holes 11MP-35, -36, -39, and -40. The latter drill holes were not sampled, as the rock encountered appeared barren and unfavorable for hosting gold mineralization.

The drilling results obtained in the Skookum West area have as yet to explain the significance of widespread gold anomalism contained in rocks and soils collected to date. In preparation for on-going drilling proposed in 2012, a program of trenching will be carried out in areas of gold-bearing float in order to expose bedrock sources for sampling and the definition of geological parameters to aid selection of drill hole locations.

Maisy May
In the Maisy May area, a total of 774 metres were drilled in 4 holes. The primary drill target was a multi-element gold, bismuth, copper, arsenic, and mercury soil anomaly coincident with potential NS and NE trending structures defined from airborne magnetic lineaments. Previous prospecting located a 400 metre-long, northwest trending train of siliceous float material. Selected samples of the float returned anomalous results of up to 1.08 g/t gold, with anomalous silver, copper, bismuth, antimony, and tellurium values.

Drill holes 11MP-13 and -14 did not intersect significant gold values. At depth, drill hole 11MP-16 intersected a section of silicified quartz sericite schist with 3-5% pyrite and chalcopyrite containing 0.72 g/t gold over 5.8 metres. This interval appeared similar to the mineralized float boulders sampled on surface.

Drill hole 11MP-15 was located further downslope to the northeast and tested anomalous gold-in-soil results coincident with a linear magnetic low. Anomalous gold results of 0.54 g/t gold over 6.5 metres and 2.13 g/t gold over 2.5 metres were associated with sections of fractured and brecciated quartz veins, similar to those encountered at Skookum Main.

Given the strong geochemical anomalism of both rock and soil samples from this area, additional field reviews are warranted to determine the source of mineralization that has been detected in both float and drill core.

Gertie
In the Gertie area, a total of 282 metres were drilled in 3 holes. Rock sampling of float in this area returned anomalous copper, arsenic, stibnite, and mercury values. Holes 11MP-17 and -18 encountered poor ground conditions due to strong faulting, and were abandoned before reaching the target depth. Drill hole 11MP-19 did not return significant results.

Hackly Gold
In the Hackly Gold area, a total of 299 metres were drilled in 2 holes. Holes 11MP-20 and -21 were planned to test anomalous 2010 gold-in-soil results. No significant drill results were returned, however, further prospecting in this area is warranted, as contour soil results from 2011 geochemical sampling continue to yield anomalous gold results.

PLANS FOR 2012

With the success resulting from work completed on the Mariposa property to date, the Company is planning a comprehensive exploration program in 2012. Additional results from this year’s program remain to be compiled, however, an integrated program of continued geochemical and geophysical surveying is recommended to prioritize areas for detailed follow-up. Existing targets can be further refined with detailed ground surveys, geological mapping, prospecting, and trenching. Based on exploration results to date, diamond drilling will further explore the extent and geometry of gold bearing structures in the Skookum Main zone.

Within the Skookum West area continued surface exploration will be carried out to further delineate drill targets. With complete results pending for the Alberta Creek area, it is anticipated that continuing surface exploration may identify potential drill targets.

Elsewhere in the White Gold District, a compilation of existing and pending results from the Goldcap, Polar Stewart, and Eureka Dome properties will determine plans for ongoing exploration in 2012.

Sampling methods, analytical procedures, and QA/QC protocols are as reported in the news release dated July 28th, 2011.

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.

On behalf of the Board of Directors,

John S. Brock

President and CEO
Pacific Ridge Exploration Ltd.

For further information, contact:

Corporate Information
Pacific Ridge Exploration Ltd.
John S. Brock
President and CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com

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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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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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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

, , ,

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.

, , , ,

No Comments

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

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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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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