DAILY NEWS Sep 17, 2012 4:59 PM - 0 comments

GOLD EXPLORATION: Kaminak raises $10M to extend Coffee drill program

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2012-09-17

YUKON – Kaminak Gold Corp. of Vancouver has completed a flow-through share offering that raised $10 million, allowing the company to extend the drilling program at its Coffee project in the White Gold district. The underwriters of the offer have also been granted an option to acquire up to an additional 15%.

Kaminak's president and CEO Rob Carpenter stated, "Drilling this year has already surpassed 65,000 metres making it one of the largest pre-resource drill programs in the entire junior resource space. New drilling will target primarily the Supremo T5 zone shallowly along trend."

This year’s program at the Coffee property successfully connected the several zones on the property as well as enlarged existing zones and drilled new discoveries.

Read all the news at Kaminak.com.

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