Kaminak Intersects Multiple High-Grade Gold Zones in Deep Drilling at Latte and New Gold Zone Discovered at Connector
21 November 2011 - 10:00PM
Marketwired
Kaminak Gold Corporation (TSX VENTURE:KAM) today announced diamond
drill results from the Latte (8 holes) and Connector (4 holes)
zones, located on the Company's 150,000 acre Coffee Gold property,
Yukon Territory. The deepest hole ever drilled on the property
successfully intersected high-grade gold zones to a depth of 450m
vertical at the Latte zone. Additional drilling at the Connector
zone has extended known mineralization 100m towards the Supremo
zone, supporting the concept that Latte and Supremo are related. A
new gold zone at Connector has also been discovered occurring
parallel to the original Connector mineralization.
Latte Deep Results Connector Results
CFD-164 - 5.5 g/t Au over 14m (from CFD-149 - 1.8 g/t Au over 7m (from
353m) 70m)
1.3 g/t Au over 10m (from 1.5 g/t Au over 17m (from
375m) 139m)
5.5 g/t Au over 11m (from 10.1 g/t Au over 2m (from
433m) 166m)
20.5 g/t Au over 3m (from CFD-152 - 11.1 g/t Au over 4m (from
454m) 103m)
2.8 g/t Au over 13m (from 1.9 g/t Au over 8m (from
464m) 153m)
Summary
-- Deepest hole ever drilled on the Coffee property successfully intersects
multiple high-grade zones including; 5.5 grams per tonne gold (g/t Au)
over 14m (from 353m core length); 5.5 g/t Au over 11m (from 433m); 20.5
g/t Au over 3m (from 454m) and 2.8 g/t Au over 13m (from 464m).
-- Drilling extends Connector zone 100m along trend towards Supremo gold
zones. A new gold zone at Connector has also been discovered occurring
parallel to the original Connector mineralization, results include; CFD-
149: 1.5 g/t Au over 17m (from 139m), 10.1 g/t Au over 2m (from 166m)
and CFD-152: 11.1 g/t Au over 4m (from 103m) and 1.9 g/t Au over 8m
(from 153m).
-- Latte structure extended an additional 200m east along strike towards
Double Double zone and now extends at least 1550m long and is open in
every direction and at depth. Assays for three additional deep holes at
Latte are pending.
-- Latte is one of several closely spaced gold prospects, which also
includes the Supremo zone (900m north) and the Double Double zone (950m
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
2011 drilling programs were conducted with the objective of
extending mineralization along strike and to depth and proving
continuity of mineralized structures. In previous news releases,
the Company announced the extension of the Latte zone over 1350m
strike length and to 275 metres depth below surface (September 14,
2011) and the discovery of the Connector zone (November 16, 2010)
which returned an initial intercept of 5.5 g/t over 11m on a
north-south trend along strike of the Supremo Zone.
The drilling covered within this news release extends the
east-west trending Latte mineralized structure to at least 1550m
along strike and 450m vertical below surface and highlights the
potential for further extensions to the west and eastwards towards
the Double Double Zone (950m east). A deep step-back hole at Latte
West, CFD-164 drilled to 542.5m down hole depth, intersected a
total of over 250 gram-metres (total grade x width) down hole to a
maximum vertical depth below surface of 450m indicating that the
Latte mineralized system persists strongly to depth. Three
additional holes to test the depth potential beneath Latte West
were drilled along strike of CFD-164 with results currently
pending.
In addition, the initial Connector discovery is extended 100m
northwards (from CFD-69: 5.5g/t over 11m from 133m depth) thereby
confirming the north-south orientation and further highlighting the
potential to link this zone with Supremo 900m to the north along
strike. Significantly, a new parallel trending mineralized zone was
intersected in drill holes CFD-149 (1.5 g/t over 17m and 10.1 g/t
over 2m) and CFD-152 (11.1 g/t over 4m), which suggests the
potential for the Connector system to host multiple stacked lenses
of mineralization akin to the Supremo zones T1 to T7.
Gold mineralization in all zones at Coffee is hosted within
brittle fractures and brecciated gneisses and schists accompanied
by silica flooding and pyrite/limonite alteration. High-grade
intervals are associated with polyphase breccia, microbreccia,
quartz vein breccia, coarse sericite and high sulphide content.
Geological similarities between all zones and at all scales suggest
these zones are related to the same mineralizing event and, as a
result, are potentially connected along trend and at depth.
Latte/Connector is one of several closely spaced gold prospects,
which also includes the Supremo zone (900m north) and the Double
Double zone (950m east). The 2011 drilling has extended
mineralization at Latte West 400m beyond the western limit of the
gold-in-soil anomaly, and interpretation of geophysical data
supported by gold-in-soil anomalies has reinforced the potential
for linkages between the known gold zones. All zones are
interpreted to come to surface and remain open along strike and at
depth. Drilling in 2012 will continue to test for strike and depth
extensions and across-strike for multiple stacked lenses of
mineralization.
All maps, sections and assay sheets are currently available on
the Kaminak website, www.kaminak.com.
Assay Table
---------------------------------------------------------------------------
Weighted
From To Width grade
Drill Hole # (m) (m) (m)(i) (g/t Au)
---------------------------------------------------------------------------
Latte West
---------------------------------------------------------------------------
Section 2850E
---------------------------------------------------------------------------
CFD-164 320 324 4 1.16
---------------------------------------------------------------------------
and 344 348 4 1.54
---------------------------------------------------------------------------
and 353 367 14 5.47
---------------------------------------------------------------------------
and 375 385 10 1.31
---------------------------------------------------------------------------
and 433 444 11 5.49
---------------------------------------------------------------------------
and 454 457 3 20.52
---------------------------------------------------------------------------
and 464 477 13 2.81
---------------------------------------------------------------------------
Section 2550E
---------------------------------------------------------------------------
CFD-133 169 170 1 0.63
---------------------------------------------------------------------------
CFD-138 14 15 1 0.61
---------------------------------------------------------------------------
CFD-145 239 248 9 2.38
---------------------------------------------------------------------------
and 307 311 4 1.05
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Latte East
---------------------------------------------------------------------------
Section 4000E
---------------------------------------------------------------------------
CFD-135 79 82 3 1.50
---------------------------------------------------------------------------
and 126 131 5 3.23
---------------------------------------------------------------------------
CFD-136 273 274 1 7.46
---------------------------------------------------------------------------
Section 4100E
---------------------------------------------------------------------------
CFD-139 217 219 2 2.51
---------------------------------------------------------------------------
Section 4200E
---------------------------------------------------------------------------
CFD-142 92 93 1 1.62
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Connector
---------------------------------------------------------------------------
Section 3400N
---------------------------------------------------------------------------
CFD-144 130 135 5 3.52
---------------------------------------------------------------------------
and 199 202 3 1.58
---------------------------------------------------------------------------
and 207 211 4 3.99
---------------------------------------------------------------------------
CFD-146 62 65 3 1.03
---------------------------------------------------------------------------
and 99 105 6 1.00
---------------------------------------------------------------------------
and 158 160 2 1.22
---------------------------------------------------------------------------
and 302 305 3 0.98
---------------------------------------------------------------------------
CFD-149 70 77 7 1.84
---------------------------------------------------------------------------
and 127 133 6 2.10
---------------------------------------------------------------------------
and 139 156 17 1.51
---------------------------------------------------------------------------
and 166 168 2 10.12
---------------------------------------------------------------------------
and 195 196 1 9.39
---------------------------------------------------------------------------
and 311 313 2 1.26
---------------------------------------------------------------------------
and 324 325 1 2.90
---------------------------------------------------------------------------
and 362 370 8 1.99
---------------------------------------------------------------------------
CFD-152 88 92 4 1.91
---------------------------------------------------------------------------
and 103 107 4 11.09
---------------------------------------------------------------------------
and 153 161 8 1.90
---------------------------------------------------------------------------
and 173 175 2 6.50
---------------------------------------------------------------------------
and 230 234 4 0.86
---------------------------------------------------------------------------
(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 to the ALS Minerals 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
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kaminak Gold Corporation Tony Reda Vice-President of
Corporate Development 604-646-4534 or Toll Free:
1-888-331-2269info@kaminak.comwww.kaminak.com
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