Kaminak Drills 3.99 G/t Gold Over 22.9 Meters at Latte Deposit

Kaminak Gold Corporation (TSXV:KAM) reported results from infill drilling at the Latte deposit at its Coffee project in Yukon. Highlights of results included 3.99 grams per tonne of gold over 22.9 meters, 4.85 grams per tonne of gold over 16.8 meters and 24.1 grams per tonne of gold over 3 meters.

As quoted in the press release:

A total of 5200 metres of infill drilling from 43 holes, was completed at Latte in 2014 with the objective of verifying and upgrading the open-pit resource defined in the 2014 PEA from largely “Inferred” to the higher confidence category of “Indicated.” Infill drilling generally confirmed the existing geological interpretation and resource model; updated resource modeling is now underway. 2014 infill drilling results for Kona and Double Double are in the process of being compiled and will be reported in the coming weeks.

Kaminak president and CEO, Eira Thomas, said:

Latte plays a key role in the current mine plan for Coffee, contributing the majority of the gold ounces during the payback period (years 1 and 2) and offering the lowest strip ratio of all the Coffee deposits. We are pleased to report that infill drilling in 2014 continued to confirm the continuity of the mineralization at Latte; there were no surprises. Coffee remains on track to complete the feasibility study and initiate the permitting phase of the Project in early 2016.

Click here to read the Kaminak Gold Corporation (TSXV:KAM) press release