Kaminak Drilling Increases Length of the Latte Gold Zone to 1350 Meters Remains
posted on
Sep 14, 2011 05:20PM
Kaminak Gold Corporation is advancing the 100% owned Coffee Gold Project, a multi-million ounce, high-grade oxide gold district that is amendable to heap leaching and located in the Yukon Territory, Canada.
Kaminak Gold Corporation TSX VENTURE : KAM ![]() |
September 14, 2011 16:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2011) - 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 133m) | CFD-113 – 8.5 g/t Au over 7m (from 84m) | |
CFD-91 – 8.6 g/t Au over 10m (from 40m) | CFD-114 – 6.4 g/t Au over 10m (from 246m) | |
CFD-92 – 7.8 g/t Au over 5m (from 75m) | CFD-127 – 2.3 g/t Au over 12m (from 122m) | |
CFD-99 – 1.9 g/t Au over 41m (from 138m) | CFD-131 – 1.8 g/t Au over 18m (from 208m) | |
CFD-103 – 3.9 g/t Au over 17m (from 166m) | CFD-140A – 2.0 g/t Au over 19m (from 215m) |
Summary
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 ~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)* | 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** | 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** | 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** | 90 | 99 | 9 | 5.55 | |
CFD-50** | 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 | |
CFD-132, 134 | No significant values (holes not targeted for Latte 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 |
* True width estimated at approximately 2/3 core length. ** 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.
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.