YUKON – Kaminak Gold Corp. of Vancouver has finished 70,000 metres of infill drilling at its Coffee gold project 130 km south of Dawson City. Highlights of the results include 4.0 g/t Au over 27 metres; 6.2 g/t Au over 16.8 metres; 10.5 g/t Au over 9.1 metres, 18.6 g/t over 5.0 metres; and 2.8 g/t Au over 32.0 metres.
The company said the drilling demonstrated good agreement with the existing block model, and an opportunity to upgrade inferred to indicated resources in the planned pit. A feasibility should be available in Q1 2016.
The bulk of the drill program targeted the Supremo deposit, estimated to contain 1.27 million oz of recoverable gold in oxide ore that has a diluted grade of 1.13 g/t Au plus an additional 44,000 oz in transitional-oxide material that grades 1.64 g/t Au.
A detailed table from the Kona North as well as the Supremo drilling this year is available in the news release dated Aug, 13, 2015.