Resource News

Kaminak Gold Corporation (TSXV:KAM) announced drill results from their Coffee Gold Project.

Kaminak Gold Corporation (TSXV:KAM) announced drill results from their Coffee Gold Project.

As quoted in the press release:

Key Point Summary

  • New oxide gold discovery at Supremo T1; results include: 3.18 g/t Au over 22.86m (from 115.82m) and 6.34 g/t Au over 4.57m (from 82.30m). Drilling has defined 300m of strike and mineralization remains open in all directions. Soil and geophysical magnetic data suggest the T1 structure is over 1km in length. The T1 mineralized trend is one of eight Supremo soil trends labeled T1-T8 that occur within a 2km by 2km area.

Kaminak Gold’s President and CEO, Eira Thomas, said:

Kaminak continues to add ounces with each successive drilling campaign and confirms the strong correlation between surface soil geochemistry and magnetics with the underlying mineralized structures. Drilling new oxide gold zones early in the 2013 season highlights the excellent exploration upside that exists at Coffee and the opportunity to continue to grow the 3.2Moz Inferred Resource.

To view the whole press release, click here. 

MARKETS

Markets
TSX19991.88+105.94
TSXV673.02+3.30
DOW33336.67+27.16
S&P 5004207.27-2.97
NASD12779.91-74.89
ASX7071.00+78.30

COMMODITIES

Commodities
Gold1787.09-1.91
Silver20.32+0.05
Copper3.69-0.02
Palladium2280.50+4.50
Platinum955.50+0.50
Oil93.78-0.56
Heating Oil3.47-0.01
Natural Gas8.69-0.18

DOWNLOAD FREE REPORTS

×