Kaminak Intersects Multiple High-Grade Gold Zones in Deep Drilling at Latte and New Gold Zone Discovered at Connector (MRW)

Marketwire - Mining and Metals | November 21, 2011 | 9:08 pm Precious Metals Canada Europe Gold 

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 21, 2011) – Kaminak Gold Corporation (TSX VENTURE:KAM) today announced diamond drill results from the Latte (8 holes) and Connector (4 holes) zones, located on the Company’s 150,000 acre Coffee Gold property, Yukon Territory. The deepest hole ever drilled on the property successfully intersected high-grade gold zones to a depth of 450m vertical at the Latte zone. Additional drilling at the Connector zone has extended known mineralization 100m towards the Supremo zone, supporting the concept that Latte and Supremo are related. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization.

  • Deepest hole ever drilled on the Coffee property successfully intersects multiple high-grade zones including; 5.5 grams per tonne gold (g/t Au) over 14m (from 353m core length); 5.5 g/t Au over 11m (from 433m); 20.5 g/t Au over 3m (from 454m) and 2.8 g/t Au over 13m (from 464m).
  • Drilling extends Connector zone 100m along trend towards Supremo gold zones. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization, results include; CFD-149: 1.5 g/t Au over 17m (from 139m), 10.1 g/t Au over 2m (from 166m) and CFD-152: 11.1 g/t Au over 4m (from 103m) and 1.9 g/t Au over 8m (from 153m).
  • Latte structure extended an additional 200m east along strike towards Double Double zone and now extends at least 1550m long and is open in every direction and at depth. Assays for three additional deep holes at Latte are pending.
  • Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (900m north) and the Double Double zone (950m east). Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth.
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