Kaminak Drilling Increases Length of the Latte Gold Zone to 1350 Meters Remains Open in All Directions
14 September 2011 - 10:00PM
Marketwired Canada
Kaminak Gold Corporation (TSX VENTURE:KAM) 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 CFD-113 - 8.5 g/t Au over 7m (from
133m) 84m)
CFD-91 - 8.6 g/t Au over 10m (from CFD-114 - 6.4 g/t Au over 10m (from
40m) 246m)
CFD-92 - 7.8 g/t Au over 5m (from CFD-127 - 2.3 g/t Au over 12m (from
75m) 122m)
CFD-99 - 1.9 g/t Au over 41m (from CFD-131 - 1.8 g/t Au over 18m (from
138m) 208m)
CFD-103 - 3.9 g/t Au over 17m (from CFD-140A - 2.0 g/t Au over 19m (from
166m) 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 approx.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 8.96 g/t over 3m (CFD-97 from
30m). Four additional drill holes (CFD-128, 130, 132 and 134) were designed to
test the gold potential of the Splay zone successfully outlining a southeast
trending alteration zone over 200m strike (CFD-132 & 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)(i) 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(ii) 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(ii) 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(ii) 90 99 9 5.55
---------------------------------------------------------------------------
CFD-50(ii) 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
---------------------------------------------------------------------------
No significant values (holes not targeted for Latte
CFD-132, 134 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
---------------------------------------------------------------------------
(i) True width estimated at approximately 2/3 core length. (ii) 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, Ph.D., P.Geo., President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release,
please visit our website at www.kaminak.com. Kaminak is a member of the
Discovery Group of companies. For more information on the group please visit
www.discoveryexp.com.
Certain disclosures in this release, including management's assessment of plans
and projects and intentions with respect to listings of securities, use of
proceeds and future exploration programs, constitute forward-looking statements
that are subject to numerous risks, uncertainties and other factors relating to
Kaminak's operations as a mineral exploration company that may cause future
results to differ materially from those expressed or implied in such
forward-looking statements, including risks as to the completion of the plans
and projects. Readers are cautioned not to place undue reliance on
forward-looking statements. Kaminak expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events, or otherwise.
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