Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) CEO Eira Thomas says the company’s high grade, high margin Coffee gold project in the Yukon would be simple to mine and process.
“What we really like about this project is it’s very straightforward. It’s about as vanilla as it gets,” she said in an early September presentation.
Since discovering the multi-deposit project in 2010, the debt-free junior has drilled 200,000 metres and delineated 4 million oz of gold in indicated and inferred.
The project, located 130 km south of Dawson City, contains 14 million indicated tonnes grading 1.56 g/t Au for 719,000 oz, plus 79 million inferred tonnes at 1.36 g/t Au for 3.4 million oz. Those resources are on the Latte, Supremo, Double Double and Kona deposits.
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