Posts Tagged White Gold District

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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NORTHERN TIGER RESOURCES YUKON EXPLORATION UPDATE

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

Northern Tiger Resources Inc. has provided an update on its planned $7.2-million Yukon exploration programs. The 2011 exploration programs are designed to follow up high-grade gold drill discoveries made in 2010 at both the 3Ace and Sonora Gulch projects.

Drilling at Sonora Gulch commenced last week. The primary focus of this 2,500 metre diamond drill program will be on the Gold Vein Zone – a 1.4 kilometre long geochemical anomaly averaging 161 ppb gold-in-soils. A single drill hole testing the anomaly in 2010 returned a discovery intercept of 7.6 g/t gold and 155.5 g/t silver over 6.0 metres.

Construction of the new camp at 3Ace is now advanced and the drill crew is mobilizing to the property this week. The 10,000 metre drill program will focus on the Main Zone, where two diamond drill holes have already intersected significant gold mineralization (including 4.3 g/t gold over 30.3 metres and 14.8 g/t gold over 10.9 metres – see news release dated November 4, 2010), and on Green Zone West (a 1,000 metre by 500 metre anomaly averaging 115 ppb gold-in-soils). Up to five additional targets on 3Ace and the adjoining Sprogge Property will also see preliminary drill testing this year.

“Our Yukon exploration program is well underway, although the late spring melt has caused some delays,” says Greg Hayes, President of Northern Tiger. “We were able to compensate by getting the drill turning early at Sonora Gulch and completing some additional regional exploration work earlier in the season. With the drill crew mobilizing to 3Ace, we will soon have drills turning on two Yukon properties with significant gold discovery potential.”

This News Release has been reviewed and approved by Dennis Ouellette, B.Sc., P.Geol., a Qualified Person as defined by 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 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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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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CENTRAL ANNOUNCES $750,000 FINANCING

Posted by Admin in Financings, News Releases on May 25, 2011

Central Resources Corp. has negotiated a non-brokered private placement of $750,000 through the sale of 3.75 million flow-through units at a price of 20 cents per unit.

Each flow through unit will consist of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share of the company for a period of 12 months from closing at an exercise price of 40 cents. The company may accelerate the expiry of the warrants (following the expiry of the four-month hold period) if the 20-day volume-weighted average trading price of the shares on the TSX Venture Exchange (or such other exchange on which the shares may be listed) exceeds 60 cents in which event the warrant will expire 30 calendar days after the date that the company provides notice to the holders.

The company will pay a cash finder’s fee equal to 6 per cent of the gross proceeds raised in the private placement. The company will also issue that number of finder’s warrants equal to 10 per cent of the number of units sold under the private placement. Each finder’s warrant will entitle the holder to purchase one non-flow-through common share of the company for a period of 12 months from closing at an exercise price of 40 cents. The finder’s warrant will be subject to the same acceleration provisions as the flow-through units sold in the private placement.

The proceeds from the private placement will be used for exploration work on the company’s Yukon mineral properties. The 2011 exploration program is planned to consist of soil sampling and trenching to follow up gold soil anomalies identified last year. A follow-up diamond drill program is planned for fall.

Closing is subject to a due diligence condition and the acceptance of the TSX-V. All securities issued under the private placement will be subject to a four-month hold period.

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KAMINAK COMMENCES DRILLING AT COFFEE GOLD PROJECT

Posted by Admin in Field Work, News Releases on April 20, 2011

Kaminak Gold Corp. has commenced the 2011 drill program on the company’s 100 per cent owned Coffee gold project, located in the White Gold district, Yukon Territory. This program marks the start of just the second year of drilling, which aims to significantly build upon the highly successful 2010 program, where eight gold discoveries were drilled over a 15 kilometre by 5 kilometre area of the Coffee Gold project.

Reverse circulation drilling is underway at the Supremo zone testing the T3 trend, where gold mineralization was established over a 1.7km strike length from widely spaced diamond drilling undertaken during 2010.

2010 drill highlights from the T3 Trend include:
17.1 g/t Au over 16m (CFD-1)
12.4 g/t Au over 14m (CFD-16)
3.3 g/t Au over 17m (CFD-3)
1.2 g/t Au over 51m (CFD-23)

All mineralization at Coffee commences from surface and is open along strike and at depth.

The RC drill is a track mounted unit designed to rapidly test along strike of existing gold drill intercepts and beneath previously un-drilled soil and trench anomalies. The mobility of the RC drill will enable Kaminak to quickly and effectively test the extensive mineralized trends at Coffee to a down-hole depth of 200m.

In addition to the RC Drill which has commenced drilling, two diamond core drills are scheduled to begin drilling in approximately two weeks at the Latte and Double Double Zones. A third diamond drill will be mobilized to Coffee by mid-May.

The Coffee Gold Project Phase One exploration program is budgeted at $15 million and includes 40,000 metres of drilling from four drills (three diamond drills and one RC drill), geophysics and the collection of 10,000 new soil samples in previous unexplored regions of the property. The key objectives for the 2011 drill program are to:
1. Expand and define geometry on the 8 gold zones discovered in 2010
2. Work towards National Instrument 43-101 compliant inferred resources on priority zones
3. Continue to discover new gold zones across the Coffee property by drill testing high-quality soil anomalies

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. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

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PACIFIC RIDGE COMPLETES AIRBORNE MAGNETIC SURVEY AT MARIPOSA

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

An airborne magnetometer survey has been completed over a portion of Pacific Ridge Exploration Ltd.’s Mariposa gold property in the Yukon’s White gold district. The survey covered the area of six gold-in-soil targets detected during the 2010 exploration program, including the 3,500-metre-long by 600 m wide Skookum Jim gold anomaly.

The high-resolution aeromagnetic survey was conducted by Precision GeoSurveys Inc. of Vancouver, B.C., using a helicopter-mounted cesium vapour magnetometer. A total of 900 line kilometres were flown along 100-metre-spaced lines and 1,000-metre-spaced tie lines. Results are currently being processed and will be subsequently interpreted together with geochemical datasets.

Recent work by Pacific Ridge, and also by some companies within the White gold district, has shown that structural discontinuities are favourable hosts for gold mineralization. Both airborne and ground magnetic surveys have been successfully used as mapping tools for delineation of these structures, as well as alteration patterns and underlying rock types. The integration of geophysical results with gold-in-soil geochemical trends is therefore considered an effective method for identification of drill targets.

Follow-up ground magnetic and electromagnetic surveying will also be conducted in advance of this year’s drill program at Mariposa. This survey will be conducted at greater detail than the aeromagnetic coverage and will provide optimum definition of targets for initial drill holes. Commencement of drilling is planned for mid-June.

During the period to April 7, 2011, exercise of 15-cent share purchase warrants has resulted in the issuance of 1,205,643 common shares with funds received in the amount of $180,846.

The technical information in this release has been reviewed by Janice Fingler, PGeo, who acts as the company’s qualified person for the purposes of NI 43-101.

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