Posts Tagged Gold Stock

Pacific Ridge Drills New Yukon Gold Discovery: First Hole Intersects 2.44 Grams Per Tonne Gold Over 38.9 Metres at Mariposa in White Gold District

Posted by Admin in Drill Results, News Releases on July 28, 2011

Vancouver, B.C. – July 28, 2011 – Pacific Ridge Exploration Ltd. (TSX Venture: PEX) (the “Company”) reports that its first diamond drill hole has intersected 2.44 grams/tonne (g/t) gold over a 38.9 metre interval that includes 6.44 g/t gold over an 11.1 metre interval at its Mariposa Property in the Yukon’s White Gold District.
The initial objective of the Phase 1 drilling program is to test five gold-in-soil anomalies coincident with geophysical signatures indicating geological structures prospective for hosting gold mineralization. These exploration targets are contained within an approximate 21 square kilometre area within the overall 262 square kilometre Mariposa Property.

Currently, approximately 3300 metres have been drilled in 21 holes which have tested the Skookum Jim (12 holes), Maisy May (4 holes), Gertie (3 holes) and Hackly (2 holes) targets. Holes have been drilled to lengths ranging between 76 and 238 metres. Based on early exploration results, the Company has increased its initial 4,000 metre drilling program to 6,000 metres. This expanded program will continue to focus on untested gold anomalies within the Skookum Jim target.

Within the open-ended 3.5 kilometre-long Skookum Jim target, a total of 12 drill holes have been completed to date. The initial 9 drill holes of the program have tested a 500 metre long corridor of an area now referred to as ‘Skookum Main’. In 2010, gold-in-soil and trench results first detected gold anomalism along this part of the larger Skookum Jim trend. Approximately 1.5 kilometres to the west along this trend, another 3 widely spaced holes have been drilled in an area now referred to as ‘Skookum West’.

The following assay results have been received from partial intervals within 3 of 9 drill holes completed in the Skookum Main area. The lengths indicated are drilled intervals and do not necessarily represent true widths of mineralized sections. Additional drilling is warranted to assess the geometry of the intercepted structures.

Drill
hole 		Azimuth Dip From
(m) 		To
(m) 		Interval
(m) 		Weighted grade
(g/t gold)
11MP-01 180 -50 29.1 68.0 38.9 2.44
Contains     29.1 40.2 11.1 6.44
Including     32.9 35.0 2.1 26.58

Hole 11MP-01 was drilled under an interval in trench SJ-2 which returned 1.25 g/t gold over 30 metres. Additional results are pending for core samples from downhole lengths of 68 metres to end-of-hole at 237 metres.

Drill
hole 		Azimuth Dip From
(m) 		To
(m) 		Interval
(m) 		Weighted grade
(g/t gold)
11MP-05 180 -50 3.1 22.9 19.8 1.13
Including     19.9 22.9 3.0 2.79
and     22.9 70.5 no significant assays

Hole 11MP-05 was located 80 metres south of Hole 11MP-01 and was drilled under another interval in trench SJ-2 which returned 1.17 g/t gold over 10 metres. Additional results are pending for core samples from downhole lengths 70.5 metres to end-of-hole at 192 metres.

Drill hole Azimuth Dip From
(m) 		To
(m) 		Interval
(m) 		Weighted grade
(g/t gold)
11MP-06 180 -65 3.7 49.0 45.3 0.63
Includes     5.6 13.9 8.3 1.01
and     22.3 25.8 3.5 1.55

Drill hole 11MP-06 was drilled from the same location as 11MP-05 to undercut Hole 5. Additional results are pending from core samples from downhole depths of 61.6 metres to end-of-hole at 148 metres.

The geological setting for anomalous gold intercepts in the above reported drill holes (11MP-01, 05, and 06) appears to be within a 75 metre wide (drilled section), steeply dipping corridor of strongly limonitic fractures and breccias with local quartz veining. This brittle deformation cuts a diffuse contact zone between granodiorite and quartz-biotite gneiss, which have both been variably altered and cut by local pegmatite and quartz-feldspar +/- pyrite veinlets. The extent of this geologically favorable corridor is yet to be defined by both surface work and diamond drilling.

In summary, the Company is encouraged by drilling results received to date, that being based on partial analytical results from only 3 of 21 holes drilled. These results confirm the gold potential of the Mariposa Property. On-going results will be reported as received as the Mariposa drilling program continues.

Sampling methods and analytical procedures

Drill core is cut or split in half, with one half of each sample forwarded for analysis, and the remaining half archived on site. As part of the quality assurance-quality control (“QAQC”) program, a series of certified reference standard material, blank material and core duplicate samples are inserted into each batch. Samples are sent directly by air charter to the preparation facility of Inspectorate Exploration & Mining Services in Whitehorse, YT (“Inspectorate”), where they are crushed and pulverized to 85% passing 200 mesh. Coarse reject material from each sample remain stored with Inspectorate in Whitehorse, while the pulps were couriered to Inspectorate’s laboratory in Richmond, BC, Canada, which is ISO 9001:2008 certified.

Determinations for gold were completed on a 30g subsample subjected to fire assay, followed by an atomic absorption (“AA”) finish. Results are reported as ppb (parts per billion). Sample results exceeding 10,000 ppb gold are subjected to fire assay followed by a gravimetric finish. Results are reported as grams per tonne gold. An additional 30 elements were determined by sample digestion in an aqua regia solution and analysis by ICP-MS and ICP-ES. Mercury determinations were completed by cold vapour fusion.

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NORTHERN TIGER RESOURCES REPURCHASES BACK-IN RIGHTS ON SONORA GULCH PROPERTY, YUKON

Posted by Admin in Corporate Updates, News Releases on July 27, 2011

Northern Tiger Resources Inc. has reached an agreement with Capstone Mining Corp.’s wholly owned subsidiary, into Explorations Ltd., to extinguish the back-in rights MintoEx holds on the Sonora Gulch property.”

With a nine square kilometre gold-in-soil anomaly, multiple gold intercepts in drill holes and a recent independent NI 43-101 Report recommending 16,400 metres of drilling, we believe that Sonora Gulch has significant exploration potential for intrusion related gold mineralization and porphyry copper-gold,” says Greg Hayes, President of Northern Tiger. “This transaction with MintoEx eliminates any uncertainty as to the future ownership of Sonora Gulch and unencumbers this key asset for future business opportunities or development.”

When Northern Tiger was formed in 2008 it acquired five Dawson Range properties from MintoEx that covered copper mineralization and exploration targets thought to be similar to those found at Capstone’s Minto Mine. At that time Northern Tiger and MintoEx entered into a Regional Exploration Alliance Agreement and MintoEx was granted certain back-in rights to Northern Tiger properties within a 50 kilometre radius of the Minto Mill. Now, at the request of Northern Tiger, and in order to unencumber the Sonora Gulch property, MintoEx has agreed to sell the its back-in rights in that property in consideration of $200,000. Northern Tiger shall satisfy this payment through the issuance of 421,052 common shares at a deemed issuance price of $0.475 per common share. The Regional Exploration Alliance remains intact, and MintoEx retains their back-in rights on other projects within 50 kilometres of the Minto Mill. The transaction is subject to approval of the TSX Venture Exchange.

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Ethos Identifies Gold Anomalies in the Coffee Fault, White Gold District, Yukon

Posted by Admin in Field Work, News Releases on July 13, 2011

Ethos Capital Corp.  is pleased to report preliminary gold soil geochemical results from ongoing exploration at the Betty Property located southeast along-strike of Kaminak Gold Corporation’s (“Kaminak”) Coffee discovery in the White Gold District west-central Yukon Territory, Canada.

Ethos is currently exploring 4,963 claims covering an area of 1,038 square kilometers in the emerging White Gold District. Ethos’ Betty Property, comprised of 730 claims covering 152 square kilometers, is situated immediately east of Kaminak’s Coffee Property and covers approximately 15 kilometers of the highly prospective Coffee Fault.

Gold mineralization at Kaminak’s flagship Coffee Property is associated with a regional scale structural corridor termed the “Coffee Fault”. The Coffee Fault is defined by a pronounced east-west trending topographic and magnetic lineament that transects Ethos’ Betty Property.

This part of the Dawson Range has not been glaciated and soil sampling, which has led to the Coffee and White Gold discoveries, is an important component in Ethos’ 2011 exploration program and is a highly effective exploration tool for locating in-situ gold mineralization.

A total of 15,752 reconnaissance ridge-and-spur soil samples have been collected to date, which represents just over half of the 32,750 samples that will be collected during the 2011 exploration program. The soil collection program has been contracted to Ground Truth Exploration Inc. of Dawson City Yukon. Results from the Betty portion of this survey are reported herein.

Betty Property Preliminary Soil Results

A total of 3,875 reconnaissance ridge-and-spur soil samples representing 194 line kilometers of soil data have been collected from the Betty Property. Results have been received for 1,153 samples representing 30% of the samples collected at Betty. Results are therefore not comprehensive or complete, however significant gold-in-soil anomalies have been discovered.

Anomalous gold soil values up to 384 ppb occur along or immediately adjacent to a 5 kilometer-long segment of the highly prospective Coffee Fault. A second highly anomalous area occurs at the intersection of the Coffee Fault and the Dip Creek Fault defining a 3 square kilometer area of anomalous gold (597 ppb) and arsenic (920 ppm). Follow-up prospecting has identified quartz vein subcrop containing pyrite and arsenopyrite hosted by altered intrusive rocks over a 70 meter by 150 meter area within this anomaly.

“We are extremely happy with the progress our field crews have made so far and we are very excited about the soil survey results that we have received to date. The anomalies outlined by the 2011 soil program indicate that the sampling methodology executed by our partner Shawn Ryan is working” stated Gary Freeman, President and CEO of Ethos. “These results are especially exciting given their close proximity to the Coffee discovery”.

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KAMINAK BEGINS COLLECTING 10,000 SOIL SAMPLES AT COFFEE GOLD PROJECT, YUKON

Posted by Admin in Field Work, News Releases on July 7, 2011

Kaminak Gold Corp. has begun an aggressive 2011 soil sampling program on its 100-per-cent-owned Coffee gold project located in the White gold district. A 20-man crew has been mobilized to the property to collect a minimum of 10,000 soil samples across the 150,000-acre Coffee property. Priority targets include extensions to the existing high-tenor anomalies within the core Coffee area, systematic grid sampling over last year’s newly defined Sugar trend gold-in-soil anomaly, and comprehensive first-pass ridge and spur soil sampling across the remainder of the property. Gold mineralization at Coffee is associated with regional-scale structural corridors and to date only approximately 10 per cent of prospective targets have been systematically sampled. A detailed plan map showing the proposed soil sample locations is available for viewing on the company’s website.

The first area of focus for the 2011 soil sampling program is the Sugar trend, a consistent zone of eight kilometres by four kilometres of elevated gold in soil, peaking at 248 parts per billion gold approximately 20 kilometres east-southeast of the known drill discoveries at Coffee. The gold-in-soil anomaly is underlain by a zone of dikes intruding granite which are intermediate to mafic. Kaminak considers the Sugar trend to be extremely significant as the scale and tenor of gold-in-soil geochemistry is similar to early sampling over the Coffee core area that produced several gold occurrences, such as Supremo and Latte. Pending favourable soil results, drilling at Sugar is expected to take place in early September, 2011.

Lack of glaciation over the Coffee property has allowed in situ soil sampling to be employed as a highly effective exploration tool. All of Kaminak’s gold discoveries to date have been found by drilling directly underneath gold-in-soil anomalies. Approximately 19 kilometres of untested soil anomalies are known on the property, each warranting drill follow-up. Only 10 per cent of the property has experienced systematic grid soil sampling.

Kaminak has contracted Ground Truth Exploration Inc. of Dawson City, Yukon, to complete the 2011 soil sampling program.

Drill update

Presently, three diamond drills are located at the Latte zone and are focused on expansion drilling and targeting the newly discovered high-grade zone of 9.6 grams per tonne gold over 17 metres and 17.4 g/t Au over seven metres.

Reverse circulation drilling at the Supremo zone is complete and assays are pending. The RC drill has now been mobilized to the Kona zone for follow-up on the 2010 drill discovery of 2.2 g/t Au over 57 metres. The total strike length of the untested Kona gold-in-soil trend exceeds two kilometres.

Kaminak’s disclosures of a technical or scientific nature in this press release have 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.

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ASHBURTON TO START WORK IN THE YUKON

Posted by Admin in Field Work, News Releases on June 22, 2011

Ashburton Ventures Inc. has disclosed that the 2011 work program has been established and mobilization to the site will begin prior to July 1, 2011. The White Gold property is situated north of and immediately contiguous with the Golden Saddle claim groups where Underworld Resources had their new gold discoveries in 2009. This property area was then acquired by Kinross Gold Corp. in early 2010.

The area of the White Gold property was soil sampled in 2009 and the results from this sampling campaign have highlighted a significant gold, copper, zinc and arsenic northwest-southeast trend that extends across the Ashburton claims to the boundary of the Kinross White Gold claims. The 2011 White Gold property exploration includes trenching with detailed mapping and sampling followed by a selective drill program.

UTM Exploration Services Ltd. of Smithers, B.C., has been contracted to provide exploration support and geological services for White Gold.

The technical contents of this release were approved by Dr. Tom McCandless, PGeo, vice-president, exploration, for Ashburton and a qualified person as defined by National Instrument 43-101.

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PACIFIC RIDGE DRILLING AT MARIPOSA STARTS IN WHITE GOLD DISTRICT

Posted by Admin in Field Work, News Releases on June 21, 2011

Pacific Ridge Exploration Ltd.’s diamond drilling is now under way on the Pacific Ridge Mariposa gold property located in the Yukon’s White gold district. This 4,000-metre diamond drilling program comprises a significant part of Pacific Ridge’s $3-million phase 1 exploration budget. There is no history of previous drilling at Mariposa.

Diamond drilling will test the Skookum Jim and Hackly zones, two of five gold-in-soils geochemical anomalies defined in 2010 within the 262-square-kilometre Mariposa property. It is currently estimated that the initial drill program will comprise 20 to 25 drill holes.

Initial drilling will be directed to the 3,500-metre-by-600-metre Skookum Jim target containing gold-in-soil anomalies ranging from 100 to 1,570 parts per billion (ppb) gold that are coincident with magnetic and electromagnetic geophysical anomalies interpreted to represent underlying structures. The Skookum Jim target is in a favourable geological setting that hosts coincident geochemical and geophysical signatures that are also associated with gold mineralization recently discovered elsewhere within the White gold district. Trenching conducted by Pacific Ridge in 2010 within the anomaly further confirmed the presence of gold with composite rock sample results of up to 1.25 grams per tonne (g/t) gold over 30 metres of strongly fractured, brecciated and oxidized rock. A strongly oxidized hematitic rock sample in the trenching area also returned 8.1 g/t gold.

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KAMINAK DRILLS HIGH-GRADE GOLD AT LATTE ZONE: NEW INTERCEPTS INCLUDE 9.6 G/T AU OVER 17M AND 17.4 G/T AU OVER 7M

Posted by Admin in Drill Results, News Releases on June 13, 2011

Kaminak Gold Corp. has released results from the first three diamond core holes drilled in 2011 at the Latte zone located on the company’s 100-per-cent-owned Coffee property in the White Gold district, Yukon Territory. These holes successfully extended the strike of mineralization an additional 100 metres toward the west beyond the extent of the gold-in-soil trend and intersected a wide high-grade zone over two successive drill sections.

Key drill results

 

CFD-078:  1.11 grams per tonne gold (g/t Au) over 44 metres starting from 226 metres

CFD-080:  2.83 g/t Au over 62 metres starting at a depth of 60 metres, including 17.36 g/t over seven metres

CFD-082:  9.61 g/t Au over 17 metres starting at a depth of 109 metres, including 24.50 g/t over three metres

 

Key point summary

 

  • CFD-080 and CFD-082 returned the highest-grade gold intersections to date at Latte: 9.6 g/t Au over 17 metres and 17.6 g/t Au over seven metres. The new high-grade zones at Latte represent a significant new style of mineralization.
  • CFD-078 and CFD-080 extended the updip and downdip continuity on the 2,950-metre east drill section. Mineralization is interpreted to commence from surface and remains open at 200 metres vertical depth.
  • CFD-082 extended the mineralized zone an additional 100 metres along strike beyond the western limit of the gold-in-soil anomaly. Two thousand ten and 2011 drilling at Latte has now established gold mineralization over a 700-metre strike length.
  • Presently, two diamond core drills are turning at Latte: one drill exploring along strike on 100-metre step-outs to the west and the other drill completing systematic drill fences and 100-metre step-outs along strike to the east.

 

“Drilling two of the highest-grade intervals to date and outside of the gold-in-soil anomaly are major milestones for the Coffee property,” stated Dr. Rob Carpenter, Kaminak’s president and chief executive officer. “This significant achievement by our technical team opens up the exploration potential of the Coffee property by allowing us to evaluate completely new target types elsewhere on the property.”

The Latte zone is associated with a regionally significant, east-west-trending structural corridor co-incident with a one-kilometre-long-by-100-metre-wide gold-in-soil anomaly. Drilling in 2010 intersected mineralization over a strike length of 600 metres with intercepts including 1.86 g/t over 70 metres and 1.83 g/t over 58 metres. The 2011 drilling program aims to extend the mineralization along strike and to depth.

The new high-grade mineralized zones, intersected over two successive drill sections located 100 metres apart, represent a highly significant new style of mineralization comprising both low-sulphide, intensely silica-altered schist in addition to high-sulphide grey-blue-to-white quartz vein breccias exhibiting crackle, mosaic and cockade to plumose textures. The high-grade intercept in CFD-082 (9.61 g/t over 17 metres) lies 100 metres beyond the western limit of the Latte gold-in-soil anomaly, thereby confirming that mineralization on the Latte structure is continuous to the west beneath five to 10 metres of overburden that obscures the detection of the zone at surface via traditional soil sampling. Geophysics and drill data suggest the Latte structure continues for at least another 800 metres to the west of the soil grid as demonstrated by a 2010 drill hole (CFD-061), located 800 metres to the west of CFD-082, which intersected 3.04 g/t over six metres.

Continuing drilling at Latte will continue to focus on extending the strike length and depth extent, with two diamond core drills currently drilling.

 

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

CFD-078                       175         180                 5               1.17
And                           191         194                 3               5.00
And                           226         270                44               1.11
CFD-080                         7           9                 2               7.29
And                            46          49                 3               2.79
And                            60         122                62               2.83
Including                      60          67                 7              17.36
CFD-082                        94          97                 3               3.19
And                           109         126                17               9.61
Including                     122         125                 3              24.50

(i) True width is estimated at 70 per to 100 per cent of core length.

 

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

QA/QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. 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 (QA/QC) procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly by charter plane to the ALS Chemex preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early-stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

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Kaminak RC Drilling at Supremo Intersects Mineralization Across the T3, T4 and T5 Structural Zones:

Posted by Admin in Drill Results, News Releases on June 7, 2011

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSXV) today announced results from reverse circulation (RC) drilling completed to date on the Company’s Coffee Gold Project, located in the White Gold District, Yukon Territory. Assay results from 22 RC holes are reported here from the Supremo Zone.

Supremo is comprised of a 2km by 2km gold-in-soil anomaly, which hosts at least 7 parallel gold-bearing structures (named T1 to T7) that each extend along trend for several hundred metres. Diamond core drilling on the T3 structure in 2010 by Kaminak identified high-grade oxidized gold mineralization in widely-spaced drill holes. The primary objective of the ongoing RC drilling is to confirm the continuity of the 2010 results.

Key Point Summary:

  • Results confirm lateral and vertical continuity of the T3 structure. Key intercepts include: 2.5 g/t Au over 27m; 10.4 g/t Au over 6m; 6.1 g/t Au over 9m; 4.5 g/t Au over 16.8m and 2.3 g/t Au over 24m
     
  • Current drilling is focused on tracing the high-grade T3 structure along trend to the south where the most encouraging grades and widths have been encountered to date
     
  • Track-mounted RC drilling is proving to be an effective and cost efficient method of systematically testing widespread gold-in-soil anomalies. Kaminak is in the process of securing a second RC drill in addition to the current rig on-site
     
  • The 2011 exploration season at Coffee is now in full swing with a total of 4 drills currently turning, including three diamond drills and one RC drill. Diamond drills are now testing the Latte and Double Double Zones
     

Supremo Drill Summary

A total of 16 RC holes were drilled across a 100m strike length of the T3 structure (25m to 50m spaced sections) and an additional 6 RC holes tested select parts of the nearby T4 and T5 structures. All holes were drilled on a 270 degree azimuth (west facing) angled between 50 and 70 degrees. Soil geochemistry combined with 2010 drill results indicate the T3 structure is north-south trending and extends for at least 600m along trend.

The Supremo 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 sections (4500N and 4525N) consistently returned strong mineralized intervals down-dip to approximately 100m vertical. Sections drilled indicate that mineralization comes to surface and remains open at depth. For example, hole CFR-003 returned 2.5 g/t Au over 27m core length and the T3 mineralized zone remains open at 90m vertical.

Current drilling is focused on continuing follow-up drilling towards the south in order to explore the extent of this mineralization.

Assay Table

Drill Hole #
Zone
From
(m)
To
(m)
Length
(m)
Weighted Grade
(Au g/t)
CFR-001
T3*
36.88
53.64
16.76
4.51
 
 
 
 
 
 
CFR-002
T3*
52.12
79.55
27.43
2.36
 
 
 
 
 
 
CFR-003
T3
89.31
116.74
27.43
2.52
 
 
 
 
 
 
CFR-004
Above T3
17.07
18.59
1.52
1.06
 
 
 
 
 
 
CFR-005
T3
15.24
21.34
6.10
10.41
 
 
 
 
 
 
CFR-006
Abandoned T3
42.67
64.01
21.34
2.39
 
 
 
 
 
 
CFR-006A
T3
47.24
71.63
24.39
2.28
 
 
 
 
 
 
CFR-007
T3
78.94
94.18
15.24
2.04
 
 
 
 
 
 
CFR-008
T3
17.07
36.88
19.81
1.22
 
 
 
 
 
 
CFR-009
T3
41.15
50.29
9.14
6.12
And
 
65.53
70.10
4.57
4.85
 
 
 
 
 
 
CFR-010
Above T4
 
No
Significant
Results
 
 
 
 
 
 
CFR-011
T4
94.49
97.54
3.05
2.07
 
 
 
 
 
 
CFR-012
T4
24.38
36.58
12.2
1.39
 
 
 
 
 
 
CFR-013
T3
79.86
95.1
15.24
1.96
And
 
102.72
108.81
6.09
4.62
And
 
124.05
130.15
6.10
2.39
 
 
 
 
 
 
CFR-014
T3
24.08
25.60
1.52
1.41
And
 
92.66
98.76
6.10
0.82
 
 
 
 
 
 
CFR-015
 
 
No
Significant
Results
 
 
 
 
 
 
CFR-016
T3
109.73
121.92
12.19
1.98
And
 
129.54
149.35
19.81
1.54
 
 
 
 
 
 
CFR-017
 
88.39
91.44
3.05
0.78
 
 
 
 
 
 
CFR-018
T3
149.35
153.92
4.57
2.25
 
 
 
 
 
 
CFR-019
T5
13.72
25.91
12.19
2.95
 
 
 
 
 
 
CFR-020
T4
12.19
21.34
9.15
1.83
 
 
 
 
 
 
CFR-021
T4
36.58
70.1
33.52
1.28

*Holes CFR-001 and -002 were twins of diamond core holes drilled in 2010 (see details below).
Additional Notes: The RC drill rig utilizes 5ft rods, with one sample collected per rod length for assay. Rod length ‘From’ and ‘To’ depths are converted to metric to be consistent with other drill data within the Coffee Project Drill Database, thus each 5ft sample interval is calculated to be 1.52m length. All holes were drilled at -50° to -60° dip angle. True widths are estimated at 60-80% of drill intercept length.

Detailed plan maps, cross-sections, and assay sheets of RC holes at Supremo, including comparatives between twinned RC and diamond holes are available on the Kaminak website at www.kaminak.com

Reverse Circulation (RC) Drill Methods

Kaminak is employing a Northspan Explorations Ltd ‘Super Grasshopper’ track mounted RC drill rig with capacity to drill to 600ft depth. The mobile drill is proving highly effective at rapidly testing along strike of existing drill intercepts and beneath previously un-drilled soil and trench anomalies. The rig utilizes a centre sampling (face sampling) drill bit and auxiliary compressor and booster to deliver clean dry sample. All drill samples are passed through a riffle splitter to obtain a homogenized and representative 2-3kg sample for assay. Results of twinning (i.e. drilling immediately adjacent to) existing diamond core holes indicate that the RC method is of comparable quality to the core. The Company is therefore confident in the employment of RC drilling as a highly effective tool to compliment ongoing diamond core drilling over the Coffee Gold Project. Kaminak is currently seeking a second RC drill to add to the 2011 program in order to maximize the number of targets able to be drilled during this current field season.

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 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”

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STINA ANNOUNCES 2011 YUKON EXPLORATION PLANS AND BUDGET

Posted by Admin in Field Work, News Releases on June 1, 2011

Stina Resources Ltd. has released further 2011 exploration details and an exploration budget on its wholly owned Dime and Kodiak properties in the highly active White Gold and South Klondike districts, Yukon. The Dime property is 67 kilometres southwest of Dawson City within the Ten Mile placer gold area. The Kodiak property is located 15 km south of the White gold deposit held by Kinross.

The total exploration budget for the Yukon in 2011 has been set at $1.55-million.

Dime Property

Work on Dime in 2009-2010 included 3,200-soil samples, outlining three distinct gold anomalies over an area measuring 4,500m by 1800m. All three soil anomalies appear to be structurally controlled. 5 Core holes were drilled (657 m), with all holes showing gold mineralization. 1,235m of trenching was conducted on two of the anomalies, and the property was expanded from 128 to 308 claim blocks. $470,000 was spent on the Dime in 2010.

This year the Company has budgeted the following expenditures for Dime: $80,000 on Geology; $150,000 on Soil Sampling; $76,000 on Trenching; $67,500 on Assaying; $165,000 on Transportation; $53,000 on an Aeromagnetic Survey; $86,500 on Base Camp Overhead; $497,000 on Drilling; $122,300 on Contingency funds.

The total budget for the Dime Property in 2011 is set at $1.35 million, with 37% of the budget allocated to drilling.

Exploration for the Dime is expected to start in early June with an aeromagnetic survey, as well as an extensive trenching program designed to refine last year’s drill targets and establish new ones. Trenching is expected to last into July and include 4,000 to 5,000m. Deep Auger Soil Sampling of up to 3,000 samples to expand the Dime system will start in early June and last between 2 and 3 weeks. Core Drilling will start in the middle of July and last 2 to 3 weeks, with 15 to 20 holes and up to 3,000 metres planned. Further Soil sampling and Trenching will follow in August and September to follow up on Drilling and prepare future targets. Pending exploration results, further follow up Drilling may be done in September.

Kodiak Property

Work on the Kodiak in 2009-2010 included 1,886 soil samples with values as high as 856.8 ppb gold, and 383m of trenching, extending the Main Northwest trend to a strike length of 4,000m. An anomalous gold soil zone at the junction of the northerly Zipper Trend and the Main Northwest trend was also identified, as well as elevated nickel values in soil which occur either with or in the proximity of anomalous gold zones indicating underlying mafic or ultramafic rocks. In 2010 the Company spent $192,775 on Kodiak exploration.

The Company has budgeted $219,263 for 2011 Kodiak exploration as follows: $10,000 in Geological consulting; $75,000 in Soil Sampling; $20,000 in Trenching; $37,500 in Assaying; $30,000 in Transportation; $26,830 in Geophysics; $19,993 in Contingency. The budget may be revised, particularly if the Company decides to drill the Kodiak late in the season.

Exploration on Kodiak is expected to start in early June with an aeromagnetic survey. Soil Sampling (up to 1,500 soils) and Trenching (up to 1,500m) is expected to start in July and last several weeks.
Kluane Drilling of Whitehorse has been contracted to conduct drilling, with Ground Truth Exploration and Ryanwood Exploration contracted to conduct soil sampling and trenching, consistent with last year. Precision Geosurvey of Vancouver has been contracted for aero-magnetic surveys, with ACME Laboratories of Vancouver conducting all assaying. Company Director and VP of Exploration, Al Doherty – P. Geo, will direct the exploration program in the Yukon, with additional consultation being provided by Jean Pautler – P. Geo, and Shawn Ryan of Ryanwood Exploration.

Al Doherty of Whitehorse, YT is a designated Qualified Persons acting for the Company and assisted in the preparation of this news release.

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MARIPOSA PROPERTY EXPANDED TO OVER 1,400 CLAIMS AND PACIFIC RIDGE EXPLORATION TO ATTEND THE VANCOUVER WORLD RESOURCE INVESTMENT CONFERENCE

Posted by Admin in News Releases, Property Acquisitions on June 1, 2011

Pacific Ridge Exploration Ltd., by way of recent claim staking plus option of an adjacent property, has expanded its Mariposa property holdings by 44 per cent, to over 1,400 claims that now cover 262 contiguous square kilometres within the Yukon’s white gold district.
The recently completed staking of 387 mineral claims has extended the northwestern and southeastern boundaries of the Mariposa property.

These claims were staked to cover airborne magnetic features which have been interpreted to represent geologic structures with potential to host gold mineralization. The northwestern claim block lies to the north of the plateau of the Skookum Jim gold-in-soil anomaly, while the southeastern block covers an area drained by creeks with anomalous gold-in-silt results of 12 and 34 ppb gold, obtained from government geochemical surveys.

In the northwestern area of the property, Pacific Ridge also has an option to acquire an additional 39 claims by way of a letter of understanding with a private vendor. To exercise the option and earn a 100% interest in the property, Pacific Ridge will issue 200,000 common shares and pay $85,000 in staged payments over the ensuing three-year period. The property will be subject to a 2% net smelter return royalty (NSR) that allows Pacific Ridge the exclusive right to buy 50% of the NSR (1%) for $1,000,000 upon receiving a production notice in respect of the property. The letter of understanding is subject to acceptance for filing on behalf of Pacific Ridge by the TSX Venture Exchange.

On June 5th and 6th, Pacific Ridge Exploration will be represented at the Cambridge House Vancouver World Resource Investment Conference, booth number 1012. Management will be in attendance and pleased to update shareholders and all interested parties. In addition, John Brock, President and CEO will provide a corporate presentation on Sunday, June 5th at 12:00 pm in Workshop Room 1.

Janice Fingler, P. Geo., Vice-President Exploration for Pacific Ridge Exploration Ltd. is the Qualified Person, as defined by NI 43-101, for the property and has reviewed the technical information in this release.

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