Kaminak Gold Reports 4 G/t Gold Over 27 Meters, 6.2 G/t Gold Over 16.8 Meters in Infill Drilling at Coffee

Kaminak Gold (TSXV:KAM) reported results from its 2015 infill drilling program at the coffee project. Highlights included intersections of 4 grams per tonne of gold over 27 meters, 6.2 grams per tonne of gold over 16.8 meters and 10.5 grams per tonne of gold over 9 meters. The latest results reported came mainly from Kaminak’s Supremo deposit at Coffee.
As quoted in the press release:

In 2015, approximately 31,000 metres of infill drilling was undertaken on the series of parallel, north-south striking gold bearing structures comprising the Supremo deposit. Based on the 2014 PEA, the Supremo deposit contributes approximately 1,272,000 ounces of gold (recoverable) at an average diluted grade of 1.13 g/t Au in Oxide resources, plus an additional 44,000 ounces of gold at 1.64 g/t Au as Transitional-oxide resources. Drilling completed at Supremo has firmed up the existing geological interpretation providing additional confidence in the location, geometry and continuity of the mineralized lodes.
The location and spacing of infill drilling was determined in consultation with independent Qualified Person Robert Sim, P.Geo of SIM Geological Inc., who completed the Coffee Gold Project Mineral Resource Estimates (announced December 13, 2012, and updated January 28, 2014). The Company is now in the process of updating the Coffee mineral resource estimate for inclusion in the final feasibility study.

Kaminak also reported results of step-out drilling from its Kona North deposit:

Kaminak also announced today the results from step-out drilling at the Kona North prospect consisting of two holes, CFD0601 and CFD0602, drilled 40m east along strike from CFR0976, which was drilled earlier this year and returned 2.43 g/t Au over 50.3m. Both step-out holes intersected gold mineralization with the best intercept returning 2.4 g/t Au over 19m in CFD0602, and extending the strike length of the Kona North deposit to 330m while still remaining open along strike and at depth.
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. However there remains good potential to test for extensions of the Oxide mineralization at shallower levels of the system along strike to the east and west within the 1.8km long gold-in-soil anomaly.

Kaminak CEO Eira Thomas stated:

Our infill drilling program, which consisted of 70,000 metres, was executed on schedule and on budget in less than one year. Upgrading the confidence level of the Coffee gold resources is a big step towards de-risking Coffee as we move it through feasibility towards production.

Click here for the full press release.