Third third significant drill discovery...
I have waited a long time to have a significant position in a company that has a legitimate chance of making its share holders rich. Could Kaminak be the one? Thank you Paul Van Eeden!
Good luck to all.
CCK
Kaminak Drills Third Gold Discovery on the Coffee Property: Double Double Zone Yields 6.3 g/t Au over 35m
Kaminak Gold Corporation (TSX VENTURE:KAM) today announced the third significant drilldiscovery on the Company's 100% owned Coffee Project, located in the WhiteGold District, Yukon Territory. Drill hole CFD-27 from the "Double Double"zone returned a high-grade intercept of 6.3 grams per tonne gold (g/t Au) over35m core length. The Double Double zone is located 1km east of the Latte zoneand 1km south of the Supremo zone and was discovered through drillingunderneath a high-quality gold-in-soil anomaly.Drill Highlights-- New gold discovery drilled at "Double Double Zone" - 1 km to the southof the Supremo Zone gold discovery and 1km east of the Latte Zone golddiscovery-- CFD-027 intersected an upper zone of 2.04 grams per tonne gold (g/t Au)over 9m (from 34m core depth) and a lower zone of 6.3 g/t Au over 35m(from 139m core depth)-- Double Double Zone is associated with a regionally significant, east-northeast trending and steeply north dipping structural splay of theLatte shear zone and remains open along strike and at depth-- Gold-bearing rocks at Double Double closely resemble rocks from thenearby Supremo and Latte Zones, i.e. extensive silicification, clayalteration, oxidized pyrite and brecciation accompanied by As-Ag-Sb-Baenrichment-- A total of 4 drill holes have been completed at the Double Double Zoneover a 200m length. Samples for hole CFD-28 are currently beingprocessed at the assay laboratory"Double Double was discovered by drilling high quality gold-in-soil anomaliescoincident with favourable structure, stated Rob Carpenter, Kaminak'sPresident & CEO. "This proven exploration strategy has resulted in three golddiscoveries on the property so far in 2010. We will continue to drill testother soil anomalies across the property."Drill ResultsThe Double Double Zone is associated with a regionally significant,east-northeast trending and steeply north dipping structure co-incident with a300m long by 100m wide gold-in-soil anomaly. The structure is comprised ofshear zone and breccia fabrics overprinting variably-textured schist givingthe overall appearance of a high-strain fault zone. Gold occurs in this faultzone and alteration typically consists of silicification, clay alterationlocal sericite and oxidized sulphides.Drill hole CFD-27 and CFD-28 were drilled to the north at -50 and -70 anglesrespectively and are located 200m east of previously drilled holes CFD-13 andCFD-14. Drill hole CFD-13 intersected 1.43 g/t Au over 5m within highlysheared and altered rocks (see Kaminak news release dated August 5th, 2010).This result prompted Kaminak's technical team to re-evaluate the overallsetting of gold at the Double Double prospect resulting in the subsequentdrilling of CFD-27. Two significant gold zones were encountered in CFD-27comprising an upper zone of 2.04 g/t Au over 9m (from 34m core depth) and alower high-grade intercept of 6.3 g/t Au over 35m (from 139m), including 18mgrading 10.42 g/t Au (from 156m). Assays from CFD-28 are pending.Data from oriented core measurements combined with detailed geological corelogging from CFD-27 and CFD-28 suggest the high-grade lower intercept fromCFD-27 is hosted in a north dipping orientation and as a result the undercuthole CFD-28 may not have intersected the mineralization. Follow-up drillingdirected north to south will be required to properly determine the correctorientations; however, Kaminak considers these new results as highlyencouraging.A detailed plan map, cross-section, assay sheet and photo montage of selectcore samples are available on the Kaminak website at www.kaminak.com.----------------------------------------------------------------------------Drill Hole # From (m) To (m) Length (m) Weighted Grade (g/t)----------------------------------------------------------------------------CFD-27 34 43 9 2.04----------------------------------------------------------------------------and 139 174 35 6.30----------------------------------------------------------------------------including 156 174 18 10.42----------------------------------------------------------------------------(i)true width is estimated at 70-100% of core lengthQA/QC