The Conversation (0)
Kaminak Gold (TSXV:KAM) reported results from follow up drilling at its Kona North and Dolce discoveries at its Coffee Gold project in Yukon. Kona north is approximately 1 kilometer north of the Kona deposit, while Dolce lies 1.1 kilometers south.
Kaminak Gold (TSXV:KAM) reported results from follow up drilling at its Kona North and Dolce discoveries at its Coffee Gold project in Yukon. Kona north is approximately 1 kilometer north of the Kona deposit, while Dolce lies 1.1 kilometers south.
As quoted in the press release:
Recent step-out drilling at Kona North returned 2.43g/t Au over 50.3m from 32m downhole (CFR976), the best intercept to date from this zone. Kona North is associated with a 1.8km long gold-in-soil anomaly of which only 300m has been systematically drill tested to date. A ten hole program totaling 718 metres was completed at Kona North in April, 2015, with the objective of confirming continuity and extending the strike of the known mineralization and mapping the distribution of Oxide facies mineralization. Drilling confirmed the east-west strike and steep southerly dip and intersected wholly to partially oxidized mineralization in all holes except for CFR963 and CR976. However, the depth extent of Oxide and Transitional mineralization appears to be quite shallow at Kona North compared to other Coffee gold deposits resulting from localized erosion of the upper sections of the mineralized structure. There remains good potential to test for extensions of the Oxide mineralization at shallower levels of the system along strike to the east. Kona North is now pending further analysis to determine if it will be included in the overall Coffee feasibility study. Overall, Kona North continues to yield high tenor gold results highlighting the future prospectivity of the under-tested, granite-hosted terrain that hosts several large undrilled gold-in-soil anomalies west of the main Coffee Gold resource area.
The Dolce Zone is associated with a semi contiguous 1km long gold-in-soil anomaly originally drilled in 2014 (3.24g/t Au over 13.72m) as part of the condemnation program within areas adjacent to proposed mine infrastructure. Mineralization is now confirmed from drilling to be E-W striking over at least 100m of strike and dipping steeply to the south. Additional drill holes located approximately 250m to the east and west did not intersect bedrock mineralization; however, these step out holes may not have been optimally positioned with respect to strike of the Dolce trend. All intercepts achieved to date at Dolce comprise Oxide and Upper Transitional facies mineralization.
Click here to read the Kaminak Gold (TSXV:KAM) press release