Kaminak Gold Provides Update on Coffee Feasibility

Kaminak Gold Corporation (TSXV:KAM) reported that feasibility activities are now underway and are progressing according to plan and within budget. The company is also conducting exploration drilling at its new gold discovery, Kona North, with results anticipated in coming weeks.

As quoted in the press release:

Feasibility programs now underway include infill drilling, metallurgical sampling, condemnation sampling and drilling, geotechnical studies, environmental baseline studies and further assessment of the potential all-weather access road to Coffee outlined in the PEA. Programs are progressing according to plan and within budget with all field related activities scheduled to conclude late November, 2014. A total of six drills are presently active on site, and Kaminak is anticipating steady news-flow through to year-end as results from many of these programs, including in-fill and condemnation drilling, are received. The metallurgical sampling program is nearing completion (see tables below) with first column leach results anticipated in early 2015. Planning for the 2015 feasibility field programs is now underway and scheduled to commence in March 2015. The targeted completion date for the final feasibility study remains late 2015 within a total budget of approximately $30 million.

Kaminak Gold CEO, Eira Thomas, said:

After ramping up from one to six drills in the third quarter, feasibility activities are now in full swing with steady news flow anticipated through to year end. Kona North, our new gold discovery of 2014, remains a priority for our Phase II exploration drilling campaign, which continues to highlight the potential for significant resource upside at Coffee.

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