Kaminak Gold Corp. (KAM.V) rose 2.3% as it announced results for
37 drill holes from the ongoing 2013 drilling campaign at the
Coffee Gold Project in Canada's Yukon Territory.
Drilling intersected gold mineralization in 32 out of the 37
drill holes and identified new, shallow, predominately oxidized
gold-bearing structures within the Supremo-Latte area which is host
to the majority of the 3.2 million ounce NI 43-101 Inferred Mineral
Resource Estimate consisting of 64 million tonnes grading at 1.56
grams per tonne gold at a base case cut-off of 0.5 grams per
Amongst the highlights, at the Supremo - Latte Connector Zone
multiple oxide gold-bearing structures intersected within this
complex fracture zone marking the intersection point between the
Supremo and Latte mineralized structures.
At T2, drilling intercepted additional, near surface oxide gold
mineralization and extended T2 by 750 meters to the south, linking
it to the Latte trend with total strike length now exceeding 1.5
kilometers. At the Supremo-T1-2 Link, drilling confirmed the
presence of a mineralized structure linking the Supremo T1 & 2
Kaminak's President and CEO Eira Thomas said: "Kaminak remains
focused on delineating those zones within the Supremo-Latte-Double
Double area that have the greatest potential to impact future
mining economics. The initial results from Connector, located at
the intersection of Supremo and Latte are encouraging, providing
evidence of a potentially important dilation zone that will require
further drill testing in the near term."
Monday morning, shares were up at $0.90 in the 52-week range of
$0.76 - $2.42.
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