Kaminak Gold Corp
ontrary to what some may think, Kaminak Gold’s Coffee Gold Project and the names of its 11 gold discovery zones (Espresso, Americano, Supremo, Macchiato, Cappuccino, Mocha, Java, Arabica, Double Doublel, Latte, and Kona) were not dreamt up at a Starbucks or Tim Hortons.
In fact, the name “Coffee” has quite an historical connection with Yukon mining that dates back more than a century to a placer-stream called “Coffee Creek.”
Now, decades later, Kaminak Gold is working in the same area and has adopted the name from that same creek for its Coffee Gold Project, a 360 km2 property measuring approximately 43 km long by up to 13 km wide and containing 1,803 claims.
Located in the heart of Yukon’s popular White Gold District, the Coffee Gold Project is located directly adjacent to the Yukon River about 120 km south of Dawson City and is serviced by an increasingly popular airstrip nearby.
Since setting up camp in the White Gold District in May 2009, Kaminak has moved quickly to become one of the more aggressive prospectors in the Territory. From three properties in 2009 to 11 now, two of which produced major gold discoveries late last year, the company is quickly becoming known as “one to watch.”
The Coffee Gold Project’s Supremo and Latte gold discoveries, located 1 km apart, are both open at depth and along strike.
The Supremo Zone consists of a 2.5 km long by 2 km wide gold-in-soil anomaly containing several distinct drill targets identified through trenching. Supremo is hosted in a north-south trending structure co-incident with strong gold-in-soil values.
Kaminak’s first drill hole at this zone intersected 17.07 grams gold/tonne over 15.5 m.
The Latte Zone, again just 1 km south of Supremo, is associated with a regionally significant, east-west trending and south-dipping structural corridor co-incident with a 1-km long by 100-m wide anomaly averaging 600 ppb. Regional geophysical surveys trace the Latte structural zone for more than 8 km.
Drilling at Latte late last year intercepted wide intervals of oxidized gold mineralization and the zone remains open in all directions.
One of the highlight holes at the Latte Zone intercepted 2.35 grams gold/tonne over 51 m starting at 38 m depth.
Last year Kaminak Gold drilled about 8,000 m in 43 holes as part of its $8 million exploration program, and this year the company plans to continue with an aggressive trenching and drilling program on its way to developing a world-class discovery of 3 to 5 million ounces.