NR - Kaminak Coffee Drilling Links Supremo T5 and T7 Gold Zones
posted on
Nov 20, 2013 08:29AM
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.
http://www.marketwired.com/press-release/kaminak-coffee-drilling-links-supremo-t5-and-t7-gold-zones-tsx-venture-kam-1854571.htm
November 20, 2013 08:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 20, 2013) - Kaminak Gold Corporation (TSX VENTURE:KAM) today announced the delineation of new extensions of shallow oxide gold mineralization on the Company's Coffee Gold Project, Yukon Territory linking the Supremo T5 and T7 zones. Drilling identified a new structure - the 'T5 Splay' - with strike extent of at least 450m trending northeast from the southern section of the T5 zone. Drilling also extended T7 up to 400m southwards along strike where it appears to intersect or merge with the T5 Splay. The total strike length of the Supremo T5 and T7 gold zones are 1.7km and 950m respectively. Furthermore, Kaminak has now delineated over 10km of mineralized strike within the Supremo-Latte-Double Double area, which is where the bulk of the inferred resource estimate resides. The T5 Splay is another example that proves that the Coffee deposits are all connected as part of a single, large, structurally controlled hydrothermal gold system.
Drill highlights from the T5 Splay structure include:
About the Supremo T5-7 Zone
Drilling targeted the broad contiguous north and northeast trending +25ppb gold-in-soil anomalies coincident with a NE trending magnetic lineament, located between the southern portion of the Supremo T5 and T7 gold zones. Drilling intersected multiple oxidized bedrock mineralized structures with both N-S and NE-SW strike orientations:
Drill Results
Drill Hole | Structure/Target | From (m) | To (m) | Core Length (m)* | Weighted Average Grade (g/t Au) |
CFR0530 | Supremo T5 Splay | 160.02 | 163.07 | 3.05 | 1.94 |
CFR0531 | Supremo T5 Splay | 60.96 | 62.48 | 1.52 | 0.96 |
CFR0532 | Supremo T5 Splay | 173.74 | 175.26 | 1.52 | 1.91 |
CFR0533 | Supremo T5 Splay | No Significant Values | |||
CFR0534 | Supremo T5 Splay | 62.48 | 65.53 | 3.05 | 3.41 |
CFR0535 | Supremo T5 Splay | 71.63 | 73.15 | 1.52 | 2.50 |
CFR0545 | Supremo T5 Splay | 80.77 | 92.96 | 12.19 | 6.23 |
CFR0546 | Supremo T5 Splay | 10.67 | 16.76 | 6.09 | 5.70 |
CFR0547 | Supremo T7 | 150.88 | 153.92 | 3.04 | 2.36 |
CFR0548 | Supremo T7 | 67.06 | 70.10 | 3.04 | 1.38 |
CFR0549 | Supremo T5 Splay | 4.57 | 16.76 | 12.19 | 2.78 |
And | Supremo T7 | 86.87 | 91.44 | 4.57 | 1.46 |
And | Supremo T7 | 111.25 | 118.87 | 7.62 | 2.11 |
CFR0550 | Supremo T7 | 103.63 | 106.68 | 3.05 | 1.24 |
CFR0551 | Supremo T7 | No Significant Values | |||
CFR0596 | Supremo T5 Splay | 51.82 | 53.34 | 1.52 | 7.6 |
And | Supremo T5 Splay | 64.01 | 68.58 | 4.57 | 1.81 |
And | Supremo T5 Splay | 73.15 | 79.25 | 6.1 | 0.83 |
CFR0597 | Supremo T5 Splay | 28.96 | 30.48 | 1.52 | 1.71 |
CFD0352 | Supremo T5 Splay | 106 | 113 | 7 | 3.54 |
CFD0312 | Supremo T5 | No Significant Values | |||
CFD0332 | Supremo T7 Infill | 81.00 | 87.00 | 6.00 | 5.69 |
CFD0333 | Supremo T7 Infill | 37.00 | 39.00 | 2.00 | 2.83 |
And | Supremo T7 Infill | 151.00 | 155.00 | 4.00 | 2.13 |
CFD0334 | Supremo T7 Infill | 64.00 | 67.00 | 3.00 | 1.72 |
CFD0335 | Supremo T7 Infill | 53.00 | 57.00 | 4.00 | 3.11 |
And | Supremo T7 Infill | 95.00 | 97.00 | 2.00 | 5.19 |
*In general, the true width is estimated at approximately 2/3 of the core length.
All maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.
New Results include: 6.2g/t Au over 12.2m, 5.7g/t over 6.1m and 2.8g/t Au over 12.2m