Kaminak Reports New Gold Discovery at Coffee

Kaminak Gold Corporation (TSXV:KAM) reported results of infill drilling at its Coffee project in the Yukon, and announced a new discovery, now being referred to as “Dolce.”

As quoted in the press release:

A total of 1685 metres of infill drilling from 12 holes was completed at Kona in 2014 with the objective of verifying and upgrading the open-pit resources defined in the 2014 PEA from “Inferred” to the higher confidence category of “Indicated” for inclusion in the Coffee Mining Feasibility Study. Infill drilling confirmed the existing Kona geological interpretation, providing additional confidence in the location, geometry and continuity of the mineralized lodes. Drilling at Kona was completed concurrently with exploration at the Kona North Target (3.12 g/t over 29m, announced October 28, 2014), and was prioritized over other Coffee infill drilling programs in order to collect metallurgical samples which are currently undergoing analysis.

The Coffee 2014 condemnation drilling program principally targeted lower priority gold-in-soil anomalies, which occur within the vicinity of proposed (PEA) mining infrastructure. Drilling 900m south of the Kona gold deposit, within the buffer zone of the proposed valley-fill heap leach (VFHL) facility, returned an intercept of 3.24 g/t Au over 13.72m (CFR0652). This new discovery is being referred to as “Dolce”. While additional follow up at Dolce is required, it is not expected to impact the proposed location or design of the VFHL facility.

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