It's also the home of Kaminak Gold's (KAM-V) Coffee project, 130 km south of Dawson, and 30 km south of White Gold, optioned from the same now-famous prospector who discovered White Gold, Shawn Ryan.

Last year was a big one for Kaminak, with its market cap mushrooming tenfold to $200 million from $20 million on the strength of results from its 100%-owned Coffee project, which saw its first-ever drillhole in 2010. The early entrant into the White Gold district (it optioned Coffee in 2009) made eight major gold discoveries last year in a 15 by 5-km area of the 607-sq.-km property, starting with the very first hole (17.1 grams over 15.5 metres from 15 metres depth) at the high-grade, Supremo zone last May.

Kaminak's exploration program will be the biggest in the White Gold district this year. As of early May, the prospect generator, which has projects all over Canada, had working capital of more than $30 million, more than enough to support the $15-million exploration program it plans for Coffee.

This year the company is more than doubling the amount of drilling it did last year (16,000 metres) to 40,000 metres. The drill program, which began in April, will see three diamond-drill rigs and one reverse-circulation (RC) drill rig on the property. Kaminak will conduct expansion drilling of previously discovered zones - all of which are open in all directions and are near surface - starting at Supremo, Latte and Double Double. It will also drill test new targets Sugar, Americano West, Macchiato and Cappuccino in the fall.

The company also plans to take 10,000 soil samples in unexplored areas of the property to generate new targets for drilling in 2012, and follow up on an 8 by 4-km gold-in-soil anomaly 20 km southeast of the Supremo zone, and a new soil/geochemical anomaly 25 km northwest of Coffee, dubbed Apollo.

As with White Gold, soil sampling has proven a highly effective exploration method at Coffee and is what has made the rapid discoveries possible, explains Kaminak president and CEO Rob Carpenter.

"This part of the Yukon was never glaciated, which means when you take a soil sample, it's reflective of the bedrock below," he said in a presentation in Toronto in May. "(There's a) very good correlation between gold-in-soil trends and structures - you drill below that and 100% of the time you hit a gold-bearing structure."

The lack of glaciation also means the zones at Coffee are weathered to at least 100 metres depth, making the gold easier to recover. Initial metallurgical testing of oxide mineralization at Coffee has recovered about 97% of the contained gold.

The property, which hosts mineralization very similar to that at White Gold, shows potential for both high-grade and bulk-tonnage gold.

Gold mineralization at the project is widespread and associated with fractured and hydrothermally altered rocks. It occurs in quartz veins, stockwork and breccia zones, pyrite veinlets and disseminations and is hosted in both granite and metasedimentary rocks.

Drills began turning in April this year at the north-trending Supremo zone, where Kaminak drilled 550 metres of the T3 trend's 1.7-km strike length last year. Supremo is actually made up of five parallel mineralized structures over an 800 by 800-metre area. Aside from the discovery intercept, drilling last year at the steeply east-dipping T3 trend returned 14 metres of 12.4 grams gold per tonne (from 53 metres) and 51 metres of 1.2 grams gold (from 83 metres).

Latte, 1 km south of Supremo, is an east-west trending, steeply south-dipping structure, coincident with a 1 km long by 100-metre-wide gold-in-soil anomaly. Regional geophysical surveys show the Latte structural zone is about 10 km long. Highlights from Latte last year included 70 metres of 1.9 grams gold (from 19 metres depth) and 16 metres of 3.7 grams gold (from 119 metres). A stepout hole drilled 900 metres west of Latte hit 6 metres of 3 grams gold per tonne, and is believed to be an extension of Latte (Latte West).

The Connector zone, meanwhile, is the presumed intersection of the Supremo and Latte zones and has returned up 5.5 grams gold over 11 metres.

East of Connector, the east-northeast trending Double Double zone, returned 35 metres of 6.3 grams gold. Double Double consists of two parallel zones, and is coincident with a 300 by 100-metre gold-in-soil anomaly.

Kona, 5 km west of Supremo, is a northeast-trending soil anomaly 1,500 metres long and up to 500 metres wide. It returned up to 57 metres of 2.2 grams gold.

The 700 metre-plus Americano trend consists of two parallel gold-in soil anomalies more than 4 km long, linked by a 700 metre-long mineralized structure. It has returned 18 metres of 2.4 grams gold and 36 metres of 0.9 gram gold.

And 1 km south of the Americano link structure, the northeast-trending Espresso zone is a 1,200 by 750-metre wide soil anomaly where drilling has cut 8 metres of 1.4 grams gold.

http://www.miningmarkets.ca/news/the-yukon-the-new-address-for-gold/1000484680/

http://agoracom.com/ir/NewYukonReloaded/forums/discussion/topics/488851-the-yukon-the-new-address-for-gold/messages/1565266#message