Kaminak Extends High-Grade Supremo 'T3 Zone': 19.6 g/t Au Over 10.7m; 45.9 g/t Au Over 3.1m and 5.7 g/t Au Over 15m
11.01.2012 | Marketwired
And Newly Defined Supremo 'T2 Zone' Yields 2.6 g/t Au Over 24.4m; 2.9 g/t Au Over 21.3m and 6.5 g/t Au Over 9.2mVANCOUVER, 01/11/12 - Kaminak Gold Corporation (TSX VENTURE: KAM) today announced final drill results from 2011 reverse circulation (RC) and diamond drilling (DD) from the closely-spaced Supremo T2 and T3 gold zones, located on the Company's Coffee Gold property, Yukon Territory. The Supremo soil anomaly comprises at least 8 structural zones (T1 to T8) occurring over an area approximately 2km long and 2km wide. The T2 and T3 zones have been traced along strike in drilling for 350m and 700m respectively and are open in all directions. Moreover, surface soil geochemistry and newly acquired geophysical data suggest the Supremo structures link with the Latte zone located 1km south. This 'gap' between Supremo and Latte, referred to as the 'Connector Zone', represents a high priority exploration target for 2012.
Key Point Summary
-- Supremo T3 high-grade oxidized gold zone extended an additional 100m
south along strike. Results include: 19.6 grams per tonne gold (g/t Au)
over 10.7m (from 120.7m hole depth); 45.9 g/t Au over 3.1m (from 25.0m
hole depth); 5.7 g/t Au over 15m (from 77m hole depth) and 6.5 g/t Au
over 12.2m (from 6.4m hole depth). Gold mineralization on T3 now extends
at least 700m along trend and remains open in all directions.
-- Surface soil geochemistry and newly acquired aeromagnetic data suggest
the Supremo 'T' structures link with the Latte zone located 1km south,
and also extends northwards for up to 800m, for a total inferred strike
length of 2.5km.
-- Newly Defined Supremo T2 oxidized zone identified approximately 150m
west of and parallel to T3. Results include: 2.6 g/t Au over 24.4m (from
12.5m hole depth); 2.9 g/t Au over 21.3m (from 53.6m hole depth) and 6.5
g/t Au over 9.2m (from 152.7m hole depth). Mineralization can be traced
at least 350m along strike and remains open in all directions.
-- Latte West deep drilling further extended mineralization down-dip.
Results include: 3.8 g/t Au over 8m (from 237m hole depth); 1.1 g/t Au
over 48m (from 281m hole depth); 1.1 g/t Au over 26m (from 337m hole
depth) and 1.9 g/t Au over 10m (from 334m hole depth).
-- Regional drilling yields new gold discovery at Macchiato soil anomaly.
Four holes spaced over 300m all intersected significant gold
mineralization. Results include: 5.4 g/t Au over 5m (from 10m hole
depth); 4.2 g/t Au over 6m (from 45m hole depth); 3.6 g/t Au over 6m
(from 56m hole depth) and 5.8g/t over 3m (from 121m).
Drill Results
All assay results from the 2011 drill program have now been released. Approximately 48,000m were drilled continuously from April to October, comprising 101 diamond drill holes and 134 reverse circulation drill holes. Planning of an aggressive 2012 drill program is ongoing with drilling expected to recommence in late March. Program details will be released in the coming weeks.
Supremo Drill Results (T3 and T2 Zones)
New drilling successfully extended the high-grade Supremo T3 gold zone an additional 100m south along strike and mineralization now totals 700m in length and remains open in all directions. Late in the 2011 field season a total of 13 holes were completed from Section 4225N to Section 4325N comprising 8 RC holes and 5 diamond holes. Results include: 19.6 grams per tonne gold (g/t Au) over 10.7m (from 120.7m hole depth), which includes 33.4 g/t Au over 6.1m; 45.9 g/t Au over 3.1m (from 25.0m hole depth); 5.7 g/t Au over 15m (from 77m hole depth) and 6.5 g/t Au over 12.2m (from 6.4m hole depth). Systematic drilling in 2011 focused on expanding the near-surface oxidized gold mineralization on the T3 structure, which extends up to 200m depth, and has outlined a significant high-grade steeply-dipping mineralized zone that remains open in all directions.
CFR124 intersected the highest gold grade from Supremo T3 drilling to date, comprising a fire assay result of 86.8 g/t Au over 1.5 metres from 126.8m to 128.3m down hole. As part of Kaminak's standard QA / QC procedures, screen fire assaying was conducted to verify the initial high grade fire assays, returning a closely comparable result of 91.3 g/t Au. In addition, a field duplicate sample collected over the same interval returned 93.1 g/t Au from fire assay and 97.0 g/t Au from screen fire assay. The duplicates and screen fire assays (which are used in the calculation of the drill intercept reported in the table below) further support the consistency, repeatability and overall reliability of drill assaying results at the Coffee Gold Project.
Surface soil geochemistry and newly acquired aeromagnetic data suggest the Supremo 'T' structures link with the Latte zone located 1km south, and also extends northwards for up to 800m, for a total inferred strike length of 2.5km. South of the currently drilled T3 zone, the Connector zone lies at the southern-most extent of the interpreted 'T' structures where they intersect or merge with the Latte structure. Recently, the discovery of a new zone at Connector was announced (news release November 21, 2011) comprising drill intercepts up to 11.1 g/t Au over 4m. The 'gap' in drilling on the Supremo 'T' structures between Supremo and Latte/Connector represents a top priority exploration target for 2012. Approximately 800m of inferred strike on the T structures in this 'gap' zone will be systematically tested by step-out drilling in 2012.
North of the Supremo T3 zone, four additional diamond holes were drilled on aggressive step-outs of up to 800m along strike of the previous T3 drilling, and all of these new holes successfully intersected alteration and mineralization consistent with the T3 structure. Results include: 4.2 g/t Au over 2m (from 149m hole depth) and 5.2 g/t Au over 3m (from 302m hole depth).
A new oxidized gold trend is emerging on the Supremo T2 structure located approximately 150m west of the well-defined T3 gold zone. Gold mineralization within the T2 and T3 structures are geologically and geochemically similar and are interpreted to be related. Results from T2 include: 2.6 g/t Au over 24.4m (from 12.5m hole depth); 2.9 g/t Au over 21.3m (from 53.6m hole depth) and 6.5 g/t Au over 9.1m (from 152.7m hole depth), in addition to 3.7 g/t Au over 16m from CFD29 drilled in 2010. Mineralization can be traced at least 350m along strike and remains open in all directions. To date, the T2 structure has received fewer drill holes than the neighboring T3 zone; however, results to date at T2 are consistent with multiple plunging gold zones hosted in steeply-dipping deeply oxidized structures.
Two additional diamond core drill holes tested other structures in the Supremo area east of T3: holes CFD168 and 173 tested the inferred T6 and T8 structures respectively. Both drill holes returned multiple encouraging intercepts including from CFD168: 5.2 g/t Au over 2m (from 101m hole depth) and 8.6 g/t Au over 1m (from 254m hole depth); and from CFD173: 1.2 g/t Au over 7m (from 144m hole depth).
Overall, the Supremo drill results from 2011 built strongly upon the initial discoveries made in 2010 with the key targets achieved, including proving continuity of structure, consistency of high grade plunging zones, and significant strike length. Furthermore, the results indicate potential for additional significant mineralization to be delineated, both on the high grade T3 structure and in multiple sub-parallel 'stacked' structures over an area of at least 2km x 2km. All zones discovered to date remain open along strike and to depth.
Latte
Three additional diamond core holes were drilled late in the 2011 field season targeting down-dip extensions of the broad gold mineralized zones intersected throughout the 2011 Latte drill program. The three drill holes comprised step-outs along strike of the significant deep drill intercepts in CFD164 which were announced in late 2011 (news release 21 November 2011) including 5.5 g/t Au over 11m and 20.5 g/t Au over 3m at vertical depths of up to 450m below surface. The follow-up drilling on 50m spaced sections returned intercepts including; 1.1 g/t Au over 48m (from 281m hole depth) and 1.1 g/t Au over 26m (from 337m hole depth).
Regional Drill Results
Three previously undrilled gold-in-soil anomalies were drilled in 2011 including the Macchiato, Cappuccino and Americano West areas.
The best results were returned from Macchiato located approximately 1.5km NNW of Supremo T3, which comprises an ENE striking gold-in-soil zone over 800m strike to a maximum of 237ppb Au. Significant gold mineralization was intersected in every drill hole over +400m strike length, thereby confirming a new bedrock gold discovery. Drill assay results included: 4.2 g/t Au over 6m (from 45m hole depth), 5.4 g/t Au over 5m (from 10m hole depth), and 3.6 g/t Au over 6m (from 56m hole depth). Follow-up drilling is planned in 2012.
Gold mineralization at Macchiato is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite/limonite alteration. High-grade intervals are associated with intense quartz-sericite alteration and high sulphide content. Geological similarities between Macchiato and other gold zones at Coffee suggest these zones are related to the same mineralizing event, and, as a result, are potentially connected along trend and at depth.
All maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.
Assay Table
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Weighted
Width grade
Drill Hole # Zone From (m) To (m) (m)(i) (g/t Au)
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Supremo - Section 6974225mN
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CFD-175 T3 98.0 105.0 7.0 4.04
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And Below T3 203.0 205.0 2.0 3.27
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And Below T3 219.0 225.0 6.0 2.43
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CFD-176 T3 77.0 92.0 15.0 5.74
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CFD-177 T3 122.0 126.0 4.0 12.07
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And T3 149.0 151.0 2.0 1.05
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Supremo - Section 6974250mN
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CFR-129 T2 15.54 18.59 3.05 3.11
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And T2 61.26 64.31 3.05 2.30
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And T1 137.46 142.04 4.58 2.06
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CFR-130B T2 73.46 76.50 3.04 1.65
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And T1 152.70 161.85 9.15 6.48
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CFR-131 Above T2 12.50 18.59 6.09 4.38
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And T2 78.03 96.32 18.29 1.06
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And T1 187.76 189.28 1.52 2.09
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CFR-132A Above T2 9.45 10.97 1.52 2.20
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And Above T2 20.12 21.64 1.52 2.86
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And Above T2 65.84 67.36 1.52 7.30
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Supremo - Section 6974275mN
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CFR-121 T3 24.99 28.04 3.05 45.91
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And T3 50.90 52.43 1.53 2.43
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And T3 60.05 64.62 4.57 3.45
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CFR-122 T3 52.12 59.74 7.62 9.09
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And T3 87.17 88.70 1.53 2.32
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CFR-123 T3 87.17 90.22 3.05 5.95
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CFR-124 T3 120.70 131.37 10.67 19.56
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Incl. T3 125.27 131.37 6.10 33.42
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Supremo - Section 6974300mN
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CFR-117 T3 6.40 18.59 12.19 6.52
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CFR-118 T3 49.07 58.22 9.15 4.21
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CFR-119 T3 84.43 92.05 7.62 3.07
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CFR-120 T3 111.86 121.01 9.15 4.68
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CFR-125 T2 14.02 21.64 7.62 0.98
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CFR-126 T2 17.07 18.59 1.52 4.33
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And T2 27.74 33.83 6.09 2.12
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And Below T2 76.5 79.55 3.05 1.46
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And T1 199.95 203 3.05 11.52
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CFR-127 T2 35.36 41.45 6.09 1.33
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And T2 53.64 74.98 21.34 2.89
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And Below T2 116.13 120.7 4.57 0.63
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CFR-128 T2 52.12 53.64 1.52 3.50
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And T2 76.50 81.08 4.58 1.46
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And T2 90.22 96.32 6.10 1.18
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And Below T2 120.70 138.99 18.29 1.09
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Supremo - Section 6974325mN
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CFD-156 T3 157.0 158.0 1.0 4.06
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Supremo - Section 6974350mN
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CFR-113 T2 3.96 18.59 14.63 2.66
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And T2 29.26 32.31 3.05 0.90
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CFR-114 T2 12.50 36.88 24.38 2.56
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CFR-115 T2 35.97 37.49 1.52 3.01
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CFR-116 T2 65.84 70.41 4.57 1.06
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And T2 74.98 81.08 6.10 1.03
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And T2 99.36 102.41 3.05 3.09
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Supremo - Section 6974400mN
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CFR-108 T2 12.5 17.07 4.57 2.03
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CFR-109 T2 53.95 58.52 4.57 1.26
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CFR-110 T2 36.88 42.98 6.10 0.67
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And T2 81.08 84.12 3.04 2.56
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CFR-111 T2 73.46 79.55 6.09 1.15
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CFR-112 T2 91.74 97.84 6.10 2.06
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Supremo - Section 6974450mN
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CFR-102 T2 0 7.01 7.01 3.34
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And Below T2 33.83 38.4 4.57 0.74
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CFR-103 T2 31.09 34.14 3.05 1.44
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CFR-104 T2 61.26 67.36 6.10 2.25
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CFR-105 T2 87.17 93.27 6.10 1.28
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CFR-106 T2.5 5.49 9.45 3.96 2.51
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And T2 140.51 142.04 1.53 1.28
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Supremo - Section 6974600mN
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CFR-133 T2 45.72 48.77 3.05 1.41
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CFR-134 T2 99.06 112.78 13.72 1.50
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Supremo Area
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CFD-158 T3 12.0 14.0 2.0 1.35
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CFD-162 T3 113.0 114.0 1.0 2.56
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And T3 122.0 123.0 1.0 2.57
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CFD-166 T3 127.0 128.0 1.0 1.98
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And T3 139.0 141.0 2.0 0.96
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And T3 149.0 151.0 2.0 4.23
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And T3 208.0 217.0 9.0 0.75
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And T3 230.0 231.0 1.0 4.84
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CFD-168 T6 36.0 38.0 2.0 1.74
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And T6 101.0 103.0 2.0 5.16
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And T6 254.0 255.0 1.0 8.59
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And T6 292.0 294.0 2.0 1.55
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CFD-170 T3 142.0 144.0 2.0 5.21
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And T3 174.0 177.0 3.0 2.43
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And T3 194.0 196.0 2.0 1.42
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And T3 302.0 305.0 3.0 5.15
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And T3 364.0 365.0 1.0 2.57
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And T3 420.0 421.0 1.0 1.91
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CFD-173 T8 86.0 89.0 3.0 1.47
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And T8 116.0 119.0 3.0 0.68
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And T8 130.0 132.0 2.0 1.28
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And T8 144.0 151.0 7.0 1.20
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And T8 263.0 270.0 7.0 1.08
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Latte - Section 582750mE
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CFD-169 - 237.0 245.0 8.0 3.80
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And - 256.0 257.0 1.0 11.50
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And - 262.0 265.0 3.0 3.74
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And - 281.0 329.0 48.0 1.12
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Latte - Section 582800mE
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CFD-174 - 276.0 279.0 3.0 0.76
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And - 337.0 363.0 26.0 1.14
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And - 390.0 392.0 2.0 0.93
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Latte - Section 582900mE
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CFD-171 - 273.0 275.0 2.0 4.33
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And - 302.0 304.0 2.0 1.43
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And - 313.0 316.0 3.0 0.87
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And - 327.0 329.0 2.0 1.10
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And - 334.0 344.0 10.0 1.91
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And - 351.0 356.0 5.0 1.44
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Latte North
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CFD-172 - 171.0 177.0 6.0 0.83
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Macchiato
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CFD-148 - 39.0 41.0 2.0 0.88
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And - 45.0 51.0 6.0 4.22
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And - 106.0 115.0 9.0 0.86
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CFD-151 - 10.0 15.0 5.0 5.43
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And - 89.0 94.0 5.0 0.58
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CFD-154 - 59.0 61.0 2.0 3.60
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And - 121.0 124.0 3.0 5.78
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CFD-159 - 56.0 62.0 6.0 3.60
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And - 84.0 89.0 5.0 1.01
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And - 117.0 123.0 6.0 1.13
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Cappuccino
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CFD-160 - 24.0 26.0 2.0 1.73
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CFD-163 - 60.0 61.0 1.0 1.49
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And - 123.0 124.0 1.0 1.46
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Americano West
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CFD-157 - 211.0 214.0 3.0 1.32
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And - 253.0 254.0 1.0 3.69
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CFD-161 - 17.0 19.0 2.0 2.77
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CFD-165 - 135.0 136.0 1.0 2.69
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Drill holes CFR-100, CFR-101, CFR-107, CFD-155 and CFD-167 returned no significant values.
Drill holes CFR-130, CFR-130A and CFR-132 were abandoned due to ground conditions.
Drill holes prefixed CFD: diamond core holes. Drill holes prefixed CFR: reverse circulation holes.
(i) True width estimated at approximately 2/3 down-hole length.
QA / QC
Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly to the ALS Minerals preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
On behalf of the Board of Directors of Kaminak,
Rob Carpenter, Ph.D., P.Geo.
President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.
Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Kaminak Gold Corporation
Tony Reda, Vice President of Corporate Development
604.646.4534 or Toll Free 1.888.331.2269
info@kaminak.com
www.kaminak.com
