Canadian Mining Journal


Goldcorp takes stake in Independence Gold

VANCOUVER — Thumbing through a feasibility report on Kaminak Gold’s (TSXV: KAM; US-OTC: KMKGF) Coffee gold project, it’s easy to see why Goldcorp (TSX: G; NYSE: GG) – just six weeks after announcing its $520-million takeover of Kaminak – decided to scoop up a 19.9% position in junior explorer Independence Gold (TSXV: IGO).

The Vancouver-based junior holds the 185 km2 Boulevard gold property, which is referenced in the Kaminak report as hosting mineralization that’s likely the next-of-kin to Coffee’s multi-million ounce, structurally controlled gold deposit.

Boulevard falls along the western edge of Kaminak’s land holdings and is 135 km south of Dawson City in the Yukon Territory – a historic placer mining town in the heart of the Klondike gold fields.

“Goldcorp looked at our land holdings and recognized the property’s potential to host a similar discovery to Coffee,” Randy Turner, Independence Gold’s president and CEO, told The Northern Miner. “We’re pleased to welcome Goldcorp as our shareholder and we see their investment as a validation of our exploration results.”

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