Posts Tagged Underworld Resources

STINA ANNOUNCES RESULTS FROM FIRST 2011 DRILL HOLE – DDH-11-06

Stina Resources Ltd. has released results from DDH-11-06, on its 100-per-cent-owned Dime property located 67 kilometres southwest of Dawson City in the South Klondike/White Gold district. This hole was drilled from the same drill pad as DDH-10-03 and DDH-10-04 in 2010 on the West anomaly, but at a steeper angle. The drill hole confirmed the presence of a steeply south-dipping east-west-trending structure with strong silicification, brecciation and pyrite-arsenopyrite sulphide mineralization. DDH-11-06 was drilled at an azimuth of 20 degrees and an angle of minus 80 degrees dip. The hole was drilled to a 245-metre (804 feet) depth.

Assay results are encouraging and confirm that the structure, silicification and brecciation are hosts to gold-bearing pyrite-arsenopyrite mineralization.

From            To     Interval      Au
(m)            (m)          (m)   (g/t)

7.5           66.0         58.5    0.31
includes
23.65        25.10         1.45    8.32
69.25        73.75         4.50    0.36
79.50        106.3         26.8    0.37
157.75      166.88         9.13    0.20
173.9       185.93        12.03    0.90
or
173.9        213.0        39.10    0.40
includes
173.90      175.50          1.6    5.37

A rigorous quality assurance/control protocol has been put in place. Core samples were processed by Acme Analytical Laboratories at facilities in Dawson and Whitehorse, Yukon. A one-kilogram split is crushed to 80 per cent passing 10 mesh. A second 250-gram split is pulverized to 85 per cent passing 200 mesh. A 30-gram-silver in-quart fire-assay fusion by ICP-ES methods and a 31-element ICP analysis are completed in Vancouver. Each batch of 36 sample included standards, blanks and duplicates.

R. Allan Doherty, PGeo, is a qualified person as defined in National Instrument 43-101 and has reviewed and approved this news release.

Results for additional 2011 holes will be released shortly after the data are compiled in the near future.

, , , ,

No Comments

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.

, , , , ,

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

PACIFIC RIDGE PROVIDES EXPLORATION UPDATE FROM THE MARIPOSA GOLD PROPERTY

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

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

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

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

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

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

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

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

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

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

, , , ,

No Comments

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

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

Key Point Summary

 

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

 

Drill Results

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

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

 

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

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

 

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

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

Drill Update

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

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

 

Table 2 - Complete Assay Table                                           

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

 

QA / QC

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak’s President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly by charter plane to the ALS CHEMEX preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

, , ,

No Comments

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

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.

, , , , , ,

No Comments

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

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”.

, , , , ,

No Comments

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

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.

, , , , , ,

No Comments

CENTRAL COMMENCES WORK ON SELWYN CREEK PROJECT, DAWSON RANGE, YUKON

Central Resources Corp. has begun the 2011 exploration program on its Selwyn Creek properties located in the Dawson Range area of the White Gold district, Yukon.

Initial work consisting of wide-spaced and detailed soil sampling, prospecting, geological mapping and trenching will be focused on the L block to identify potential drill targets for subsequent testing. The detailed soil sampling will follow up soil anomalies generated last year, the largest of which defined a roughly linear northeast-trending, greater-than-20-parts-per-billion gold anomaly, at least 1,000 metres long and up to 500 metres wide. This anomaly remains open to the northeast and southwest. Within this anomaly, 16 samples ran greater than 50 ppb gold, and six samples ran better than 100 ppb gold, with the highest sample running 470 ppb gold (see news release dated Oct. 13, 2010).

The L block consists of 777 claims with an area of 16,250 hectares. The properties were staked on the basis of historic sampling conducted by Archer Cathro & Associates (1981) Ltd. Central has the right to earn a 100-per-cent interest in the properties from Strategic Metals Ltd.

The 2011 fieldwork will be carried out by Archer Cathro and Associates and will be supervised by Heather Smith, PGeo. Ms. Smith is responsible for all aspects of the work including the quality control/quality assurance program.

Paul Reynolds, PGeo, president of Central, and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure made in this press release.

, , ,

No Comments