Northern Tiger Resources Inc. confirms that a number of high-priority targets have been identified by a deep-penetrating geophysical survey done by Quantec Geosciences Ltd. (the Titan 24 survey) at Sonora Gulch in the Dawson Range, Yukon. Two holes have been completed in a planned 3,000-metre diamond drilling program that commenced on June 29.
“This is a large and attractive target based on the results of the Titan 24 Survey combined with the Cu-Mo-Au-Ag geochemical signature and similar age of intrusive host rocks to the nearby Casino copper-gold-molybdenum porphyry deposit,” says Greg Hayes, President of Northern Tiger. “An intense IP response mantling around a non-chargeable core in our target area is very encouraging and further supports our porphyry exploration model.”
As disclosed in a previous news release (February 25, 2010), many common indicators of a porphyry system have been identified on the project, including a large potassic alteration zone, a copper-molybdenum soil anomaly, and flanking gold and base metal mineralization.
Based on analysis of the Titan 24 Survey and in consultation with Northern Tiger’s geologists, Quantec has recommended 14 drill holes to test 9 separate but spatially related high priority chargeability anomalies. These anomalies cover a 2 by 1-kilometre area, surrounding and draping over a less chargeable core. Chargeable zones are also associated with more conductive areas within the resistivity data. Many of the chargeability anomalies are related to a zone of intersecting structures that may be important for ground preparation. In addition, an airborne magnetic survey defined an arcuate magnetic anomaly at the contact between Cretaceous intrusions and the surrounding country rock.
The Titan 24 Survey consists of 6 lines (each 2.4 kilometres long) spaced 400 metres apart, covering an area of approximately 4.8 square kilometres. Direct current resistivity and induced polarization data are mapped to depths of approximately 750 metres. A presentation of the Titan 24 results will be posted on Northern Tiger’s website.

The company intends to use the net proceeds of the offering to conduct exploration activities on its Coffee project located in the White Gold district, Yukon, and for general working capital purposes.

Closing of the offering is anticipated to occur on or before July 29, 2010, and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. Securities issued under the offering and through the overallotment option will be subject to a four-month hold period, which will expire four months from the date of closing.

The underwriters will receive a cash commission of 6 per cent of the gross proceeds raised, and non-transferable share purchase warrants entitling the underwriters to purchase, at a price of $1.50 within 24 months after closing of the offering, common shares equal to 6 per cent of the total number of securities sold pursuant to the offering.

The company intends to use the net proceeds of the offering to conduct exploration activities on its Coffee project located in the White gold district, Yukon, and for general working capital purposes.

Closing of the offering is anticipated to occur on or before July 29, 2010, and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. Securities issued under the offering and through the overallotment option will be subject to a four-month hold period which will expire four months from the date of closing.

The Properties consist of 522 mineral claims in six separate groups, all of which are located within the Dawson Range, in the west-central portion of the Yukon-Tanana terrane. This area is underlain predominantly by metasedimentary and metavolcanic rocks of inferred Devonian to Mississippian age, which are intruded by numerous Mesozoic granitic plutons hosting copper, molybdenum and gold mineralization.

The Properties were staked by Strategic Metals to cover areas of anomalous stream sediment and soil geochemical surveys. Kaminak Gold Corp. has had recent success drilling geochemical anomalies at their Coffee project, which is underlain by similar rocks of the same terrane. A map showing the property locations can be found on the Company’s website www.centralres.ca.

Option Terms

Under the terms of the option agreement, Central can earn a 100% interest in the Properties, subject to a 3% Net Smelter Royalty (”NSR”), by making staged payments to Strategic Metals of $300,000 cash and 3,000,000 shares by February 15, 2012, as described in the table below. Central has the right to purchase 1% of the NSR at any time for a cash payment of $1,000,000. A finder’s fee is payable to Axeman Resource Capital Inc., an exempt market dealer. The agreement is subject to acceptance by the TSX Venture Exchange.

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Detailed Option Terms
———————————————————–
Date Cash Payment Share Issuance
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Upon Exchange Acceptance $115,000 500,000
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February 15, 2011 $35,000 1,000,000
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February 15, 2012 $150,000 1,500,000
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Peter Thiersch, M.Sc., P.Geo., a “Qualified Person” as defined by National Instrument 43-101, has reviewed and approved the technical disclosure in this news release.

About Central Resources

Central Resources Corp., is a junior mineral exploration company created to leverage the extensive knowledge and expertise of an experienced team of financial and resource industry professionals.

Kaminak will host a news release presentation in Vancouver, British Columbia on Tuesday, July 6th at 1:00pm Pacific Time (4:00pm Eastern Time) to outline the significance of the drill results announced today.  For those who cannot attend the event, the presentation will be aired live on the Kaminak website.  Details regarding the event and live video webcast are located at the end of this release and on the Kaminak website, www.kaminak.com.

 Drill Results

• CFD-009 – 1.12 grams per tonne gold (g/t Au) over 40m with hole beginning in mineralization
• CFD-010 – 3.71 g/t Au over 16m starting at 119m depth
• CFD-011 -  2.35 g/t Au over 51m starting at 38m depth
• CFD-012 – 1.27 g/t Au over 78m starting at 24m depth plus a newly recognized high-grade deep zone yielding 17.4 g/t Au over 1m starting from 176m depth

Key Point Summary

• Latte step-out holes extend strike length of strongly oxidized mineralization for a total of 400m and mineralization remains open in all directions
• Gold at Latte is associated with an untested 10km long structure known as the “Latte shear zone”
• The drill is currently located on the Supremo Zone and is  focused on extending the strike length of high-grade and shallow gold mineralization
• A total of 21 drill holes have been completed on the Coffee property. Additional assay results are pending from the Double Double zone and Supremo zone.
• Second drill planned to mobilize to the Coffee property in mid-July

The Latte Zone is associated with a regionally-significant, east-west trending structural corridor co-incident with a 1 km long by 100m wide gold-in-soil anomaly. Gold mineralization is preferentially concentrated in the structural corridor and consists of silicification and oxidized sulphides hosted in brittle fractures and breccia zones that appear to overprint older fabrics.

Drill hole CFD-009 to CFD-012 were drilled facing north and were designed to test the strike extent of gold mineralization discovered by Kaminak earlier this spring. A detailed plan map, cross-section, assay sheet and photo montage of select core samples from these holes are available on the Kaminak website at www.kaminak.com.  Gold mineralization at Latte is hosted in ribbon-quartz mylonite, quartz-feldspar-muscovite schist and breccia. Drill hole data suggests the Latte zone is east-west trending and moderately south dipping. Continued drilling at Latte will continue to focus on extending the strike length and depth extent.

Alteration minerals consist of dominantly silica, clay and limonite (after pyrite). Rock fabrics within mineralized zones are variable and range from schistose and mylonitic to local silicified clast breccia. Overall, the alteration mineralogy and chemistry is consistent with other significant discoveries in the White District, including Kaminak’s nearby Supremo gold zone.

*true width is estimated at 70-100% of core length

News Release Presentation and Live Video Webcast Information

Kaminak will host a presentation and live video webcast to explain the significance of the drill results announced today.  The presentation will be followed by a question and answer period.  Presentation and webcast details are below.

Vancouver Presentation Details

• Date:  Tuesday, July 6th, 2010
  Time:  1:00pm Pacific Time (4:00pm Eastern Time)

• Because the Vancouver presentation will be aired live, we request that all interested parties attend the presentation promptly at 1:00pm.
   
• Location:  Four Seasons Hotel Vancouver
  Aspen Room – located on the 3rd floor
  791 West Georgia Street

Live Video Webcast Details:

• To view the live video webcast, please click on the following link at 1:15pm Pacific Time (4:15pm Eastern Time):  www.kaminak.com/investors/webcasts/

Video Webcast Playback:

• The video webcast will be archived on Kaminak’s website within 48 hours of the presentation.

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”
Rob Carpenter, Ph.D., P.Geo.
President and CEO
Kaminak Gold Corporation

The Mariposa property, covering an area of approximately 40 square kilometres and held under option from the Tintina syndicate, is located 25 kilometres southeast of Underworld Resource’s White Gold property and about 35 kilometres northeast of Kaminak Gold’s Coffee Creek property. Pacific Ridge’s 2009 exploration program included prospecting, historic data compilation, geologic mapping and initial soil geochemical surveys. Results from this first year of exploration indicated similar geological and aeromagnetic signatures to the nearby White Gold and Coffee Creek discoveries. In addition to which, Mariposa has seen a 100-year history of placer gold mining that has produced hackly gold nuggets suggesting proximity to potential lode gold sources. Mariposa contains a 7-kilometre-long open-ended zone of favourable rocks for hosting gold mineralization where selected grab sample assays have assayed to three grams per tonne gold. Yet to be fully defined gold geochemical anomalies in soils range from 20 parts per billion to 1300 parts per billion gold.

Pacific Ridge’s 2010 exploration program includes expanding geochemical sampling grids to further delineate the ultimate dimensions of already established gold anomalies. Backhoe trenching will then follow in order to facilitate sampling of near-surface bedrock. Contingent on the results of which work drilling of selected gold targets would then be proposed.

With a priority being placed on exploration at Mariposa, exploration plans for Pacific Ridge’s Gold Cap, Polar/Stewart and Eureka Dome will be deferred until later in the season.

Pacific Ridge’s disclosure of a technical or scientific nature has been reviewed by George Norman, PGeo, exploration manger for Pacific Ridge and a qualified person under the definition of National Instrument 43-101

Under the supervision of Equity Exploration Consultants Ltd., the drill program is intended to test the depth extension of mineralization discovered in 2008 as well as other recently defined targets. Mineralization occurs along a 2.5-kilometre-long gold-arsenic-antimony-barium soil geochemical anomaly as well as in trenches located within the anomalous area. The drill program will include approximately 2,500 metres of diamond drilling in 13 drill holes.

David Pawliuk, PGeo, is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release.

The Company’s Yukon gold projects consist of the Green Gulch and the Touleary properties, immediately adjacent to the Underworld Resources White Gold property and the Dan Man property, immediately adjacent to the Kaminak Gold Coffee property. Maps showing the locations of the properties can be viewed on the Arcus website.

The Company also announces that it has increased the size of its Dan Man property through the addition of 203 new mineral claims. These new claims are located immediately north of the Company’s original Dan Man claims and were acquired through staking. “Based on the encouraging results from Kaminak’s initial drilling on its Coffee claims, Arcus has significantly increased the size of its Dan Man claim block and is accelerated its 2010 exploration programs in the White Gold area,” reported Ian Talbot, the Company President.

Phase one of the Company’s 2010 Yukon program will focus on mechanically trenching soil and rock geochemical anomalies identified at each of the Dan Man, Green Gulch and Touleary properties in 2009. The phase two program will consist of the drill testing of targets identified during the stage one trenching program.

Exploration trenching on the property will also be conducted concurrently, lasting approximately 20 days, followed by electromagnetic surveying where necessary. Stina plans to drill on the former Teck target, as well as other indicated targets on the Dime property, in August, 2010, and has signed a contract with Kluane Drilling Ltd. of Whitehorse. The budget for the Dime property is approximately $600,000.

In the fall of 2009 a smaller 191-soil sample program was conducted, collected on a grid covering about 37 hectares on the Dime property. The gold values in the survey reached as high as 6,082 parts per billion, or six parts per million with a trend on the bottom claims of the property.

Exploration on the Kodiak property, approximately 75 kilometres to the south of Dime, will also be initiated early next week, with news forthcoming, and will also include soil grid sampling and trenching.

The Kodiak property lies directly south of Underworld’s (recently acquired by Kinross) White Gold property and directly to the north of Kaminak’s Kirkman and Coffee properties.