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Kaminak drills gold zones near Kona


Last updated 6/14/2015 at Noon

Kaminak Gold Corp. June 4 provided results from follow-up drilling at Kona North and Dolce, new gold discoveries at the Coffee gold project in the Yukon Territory.

CFR0976, a recent step-out hole at Kona North, cut 50.3 meters averaging 2.43 grams per metric ton gold, the best intercept to date from this zone.

Kona North, which lies less than 1,000 meters north of the main Kona deposit, is associated with a 1,800-meter-long gold-in-soil anomaly of which only 300 meters has been systematically drill-tested to date.

Kaminak said a 10-hole (718 meters) program completed at Kona North in April confirmed the east-west strike and steep southerly dip of mineralization.

The company reports, however, the depth of oxide and transitional mineralization appears to be shallow at Kona North compared to other Coffee gold deposits.

The company said there is good potential to test for extensions of the oxide mineralization to the east.

Kona North is now pending further analysis to determine if it will be included in the overall Coffee feasibility study.

The Dolce zone, situated about 1,100 meters south of the main Kona deposit, is associated with a semi-contiguous 1,000-meter-long gold-in-soil anomaly originally drilled in 2014 as part of the condemnation program within areas adjacent to proposed mine infrastructure.

Recent results from Dolce include 4.57 meters of 2.93 g/t gold in hole CFR0974.

Mineralization is now confirmed over at least 100 meters of strike and dipping steeply to the south.

Kaminak says all intercepts at Dolce comprise oxide and upper transitional mineralization.

Like Kona, both Dolce and Kona North are broadly east-west striking.

All three trends are located close to the mine infrastructure proposed for the Coffee project.


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