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Kaminak Gold (TSXV:KAM) announced results from follow up drilling at its Kona North discovery at the Coffee Gold project in Canada’s Yukon. Results from step-out drilling included 3.12 grams per tonne of gold over 28.95 meters and 4.85 grams per tonne of gold over 16 meters.
Kaminak Gold (TSXV:KAM) announced results from follow up drilling at its Kona North discovery at the Coffee Gold project in Canada’s Yukon. Results from step-out drilling included 3.12 grams per tonne of gold over 28.95 meters and 4.85 grams per tonne of gold over 16 meters.
As quoted in the press release:
A total of 1,600m of drilling across 8 additional drill holes were completed as part of a second phase exploration drilling program at Kona North this fall, bringing the total number of holes and metres drilled at Kona North to 10 and 2,000 metres, respectively. All holes intercepted mineralization with estimated true widths of between 5m and 25m. Mineralization appears to be associated with a broadly east-west trending structural corridor that remains open along strike in both directions and to depth. Oxidization is variable, but appears well developed near surface extending to an average depth of 40 metres below surface. Additional drilling is scheduled for Kona North early in 2015 with the aim of delineating a near surface oxide resource for consideration and potential inclusion in the Coffee Feasibility study, now underway.
Click here to read the Kaminak Gold (TSXV:KAM) press release