Kaminak RC Drilling at Supremo Intersects Mineralization Across the T3, T4 and T5 Structural Zones
06.06.2011 | Marketwire
Results Include: 2.5 g/t Au Over 27m; 2.3 g/t Au Over 24m; 10.4 g/t Au Over 6m and 6.1 g/t Au Over 9mVANCOUVER - June 6, 2011 - Kaminak Gold Corporation (TSX VENTURE: KAM) 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“
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.
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.
Contact Information
Kaminak Gold Corporation
Tony Reda, Vice-President of Corporate Development
Toll Free: 1.888.331.2269 or Direct: 604.646.4534
info@kaminak.com
www.kaminak.com