![](../style/all/img/drapeau/grand/CANADA.gif) | | Published : April 02nd, 2012 | Reports 90.4% Gold Recoveries from Simulated Heap Leach Testing |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
click here to view news release on device
|
|
|
April 2, 2012
Vancouver, B.C. - Kaminak Gold Corporation (KAM: TSXV) today announced results of initial column heap leach testing completed on oxide material at the Coffee Gold Project, Yukon Territory. A composite 30kg sample of drill core from the Supremo and Latte zones was crushed to 0.5 inch and subjected to a 80 day column cyanide leaching test. Measured head grade of this sample was 3.75 g/t Au. Results show 90.4% gold recoveries obtained over 80 days, including 83.2% recoveries over the first 15 days.
Key Point Summary:
Gold recoveries of 90.4%, achieved after 80 days column leaching obtained from a single 30kg sample of 0.5 inch crush oxidized core from the close by Supremo and Latte gold zones, includes 83.2% recoveries over the first 15 days.
High-grade sample with weighted grade of 3.75 g/t Au comprised of material blended from the Supremo and Latte gold zones. Sample depths range from 10m to 110m vertical below surface.
Lack of glaciation on the Coffee property has resulted in extensive weathering and oxidation of high-grade gold zones. Completely oxidized mineralization extends to at least 125m vertical depth at Supremo and ranges from 75m to 150m vertical depth at Latte.
Results suggest comparable recoveries are attainable at crush sizes of 0.5 inch and 1.0 inch diameter. Fourteen day bottle roll tests completed at 1.0 inch crush yielded 87% gold recoveries compared to 92% gold recoveries at 0.5 inch crush over the same time period.
Results
A single sample of blended Supremo and Latte mineralized core was derived from vertical depths ranging from 10m to 110m below surface. Lack of glaciation on the Coffee property has resulted in extensive weathering and oxidation of high-grade gold zones causing pervasive rusting of sulphides (mainly pyrite) accompanied by strong fracturing and clay development.
Test work was completed by Inspectorate Exploration and Mining Services Ltd. of Vancouver, B.C. and involved crushing drill core to 1.0 inch diameter then homogenizing and crushing a sub-sample to 0.5 inch diameter. Initial fourteen day bottle roll tests were completed on both 1.0 inch and 0.5 inch diameter crush sizes and results yielded 87% and 92% gold recoveries respectively. Based on these results, it was decided to proceed with a 80 day column leach test on 30kg of 0.5 inch material in order to maximize recoveries. Calculated weighted gold grade of this sample was 3.75 g/t Au. Results show 90.4% gold recoveries obtained over 80 days, including 83.2% recoveries over 15 days. The supporting data supplied by Inspectorate and a table of drill core assays and photographs of core utilized in the column leach test work is available on the Kaminak website at http://www.kaminak.com/projects/sections_and_maps/reports/.
Supremo drilling has defined gold zones starting from surface extending to at least 125m to 150m below surface. All mineralized rocks are heavily oxidized and rusted with no evidence of transitional or sulphide facies rocks yet to be encountered at Supremo. Conversely, deep drilling at the nearby Latte gold zone has traced gold from surface to a vertical depth of 450m. Deep oxidation is also present at Latte with visual evidence of transitional and sulphide (non-oxidized) mineralization apparent below 150m vertical.
The vertical limit of oxidized mineralization at Coffee is expected to vary and is currently constrained by visual criteria only. Additional drilling and detailed density measurements are being completed in order to accurately define oxidized, transitional and sulphide gold zones. No metallurgical work has been completed on transitional or sulphide gold mineralization on the Coffee property to date. Kaminak is currently planning to implement basic bottle-roll testing of these deeper zones and results should be expected by late 2012 or early 2013.
The metallurgical test work was completed by Inspectorate Exploration and Mining Services Ltd. of Vancouver, B.C., under the supervision of Starkey & Associates Inc. and SRK Consulting (Canada) Inc. Kaminak plans to update the NI 43-101 Coffee Technical Report with the 2012 Inspectorate report which will contain details of the metallurgical test work. Upon completion, this report will be announced and filed on SEDAR and the Kaminak website.
Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
On behalf of the Board of Directors of Kaminak
Rob Carpenter, Ph.D., P.Geo. ?President and CEO ?Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com or contact Tony Reda, Vice-President of Corporate Development, at toll free 1.888.331.2269, directly at 604.646.4534 or by email at info@kaminak.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. |
|
|
|
|
|
April 2, 2012
Vancouver, B.C. - Kaminak Gold Corporation (KAM: TSXV) today announced results of initial column heap leach testing completed on oxide material at the Coffee Gold Project, Yukon Territory. A composite 30kg sample of drill core from the Supremo and Latte zones was crushed to 0.5 inch and subjected to a 80 day column cyanide leaching test. Measured head grade of this sample was 3.75 g/t Au. Results show 90.4% gold recoveries obtained over 80 days, including 83.2% recoveries over the first 15 days.
Key Point Summary:
Gold recoveries of 90.4%, achieved after 80 days column leaching obtained from a single 30kg sample of 0.5 inch crush oxidized core from the close by Supremo and Latte gold zones, includes 83.2% recoveries over the first 15 days.
High-grade sample with weighted grade of 3.75 g/t Au comprised of material blended from the Supremo and Latte gold zones. Sample depths range from 10m to 110m vertical below surface.
Lack of glaciation on the Coffee property has resulted in extensive weathering and oxidation of high-grade gold zones. Completely oxidized mineralization extends to at least 125m vertical depth at Supremo and ranges from 75m to 150m vertical depth at Latte.
Results suggest comparable recoveries are attainable at crush sizes of 0.5 inch and 1.0 inch diameter. Fourteen day bottle roll tests completed at 1.0 inch crush yielded 87% gold recoveries compared to 92% gold recoveries at 0.5 inch crush over the same time period.
Results
A single sample of blended Supremo and Latte mineralized core was derived from vertical depths ranging from 10m to 110m below surface. Lack of glaciation on the Coffee property has resulted in extensive weathering and oxidation of high-grade gold zones causing pervasive rusting of sulphides (mainly pyrite) accompanied by strong fracturing and clay development.
Test work was completed by Inspectorate Exploration and Mining Services Ltd. of Vancouver, B.C. and involved crushing drill core to 1.0 inch diameter then homogenizing and crushing a sub-sample to 0.5 inch diameter. Initial fourteen day bottle roll tests were completed on both 1.0 inch and 0.5 inch diameter crush sizes and results yielded 87% and 92% gold recoveries respectively. Based on these results, it was decided to proceed with a 80 day column leach test on 30kg of 0.5 inch material in order to maximize recoveries. Calculated weighted gold grade of this sample was 3.75 g/t Au. Results show 90.4% gold recoveries obtained over 80 days, including 83.2% recoveries over 15 days. The supporting data supplied by Inspectorate and a table of drill core assays and photographs of core utilized in the column leach test work is available on the Kaminak website at http://www.kaminak.com/projects/sections_and_maps/reports/.
Supremo drilling has defined gold zones starting from surface extending to at least 125m to 150m below surface. All mineralized rocks are heavily oxidized and rusted with no evidence of transitional or sulphide facies rocks yet to be encountered at Supremo. Conversely, deep drilling at the nearby Latte gold zone has traced gold from surface to a vertical depth of 450m. Deep oxidation is also present at Latte with visual evidence of transitional and sulphide (non-oxidized) mineralization apparent below 150m vertical.
The vertical limit of oxidized mineralization at Coffee is expected to vary and is currently constrained by visual criteria only. Additional drilling and detailed density measurements are being completed in order to accurately define oxidized, transitional and sulphide gold zones. No metallurgical work has been completed on transitional or sulphide gold mineralization on the Coffee property to date. Kaminak is currently planning to implement basic bottle-roll testing of these deeper zones and results should be expected by late 2012 or early 2013.
The metallurgical test work was completed by Inspectorate Exploration and Mining Services Ltd. of Vancouver, B.C., under the supervision of Starkey & Associates Inc. and SRK Consulting (Canada) Inc. Kaminak plans to update the NI 43-101 Coffee Technical Report with the 2012 Inspectorate report which will contain details of the metallurgical test work. Upon completion, this report will be announced and filed on SEDAR and the Kaminak website.
Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
On behalf of the Board of Directors of Kaminak
Rob Carpenter, Ph.D., P.Geo. ?President and CEO ?Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com or contact Tony Reda, Vice-President of Corporate Development, at toll free 1.888.331.2269, directly at 604.646.4534 or by email at info@kaminak.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. |
|
|
|
|
|
|
![](http://www.kaminak.com/email/bottom3.jpg) |
Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
|
Kaminak Gold Corporation
|
|
EXPLORATION STAGE |
CODE : KAM.V |
ISIN : CA48356P2026 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kaminak Gold is a gold exploration company based in Canada. Kaminak Gold holds various exploration projects in Canada. Its main exploration properties are CHURCHILL, NEEDLE LAKE, VOIGTBERG, MATRIX, CRY LAKE (NIZI CREEK), HEMLO NORTH, LACH, IME GOLD PROPERTY, WHITE DISTRICT, TBN PROJECT, BAKER LAKE PROJECT, COFFEE PROPERTY, SY GOLD PROPERTY, SAIL VMS PROPERTY and SHARPE LAKE in Canada. Kaminak Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 501.9 millions as of today (US$ 385.0 millions, € 349.8 millions). Its stock quote reached its lowest recent point on December 12, 2008 at CA$ 0.07, and its highest recent level on July 29, 2011 at CA$ 4.71. Kaminak Gold has 186 573 847 shares outstanding. |
Corporate Presentations of Kaminak Gold Corporation |
Annual reports of Kaminak Gold Corporation |
Financings of Kaminak Gold Corporation |
Option Grants of Kaminak Gold Corporation |
Nominations of Kaminak Gold Corporation |
Project news of Kaminak Gold Corporation |
![](../style/fr/img/pixel_blanc.gif) |
Corporate news of Kaminak Gold Corporation |
7/12/2016 | Kaminak Receives Securityholder Approval of Acquisition by G... |
6/9/2016 | Kaminak Commences Exploration at Coffee Gold Project, Yukon ... |
5/26/2016 | Kaminak Announces Voting Results of Annual General Meeting |
5/12/2016 | Kaminak Announces Acquisition Transaction with Goldcorp |
1/21/2016 | Kaminak Announces Executive Management Changes Zara Boldt Ap... |
1/21/2016 | Kaminak Announces Executive Management Changes |
9/28/2015 | Kaminak Announces C$22.5 Million Investment by Electrum Stra... |
9/23/2015 | Kaminak Increases Grade, Oxide Ounces and Indicated Resource... |
9/23/2015 | Kaminak Increases Grade, Oxide Ounces and Indicated Resource... |
9/16/2015 | Kaminak Announces New, Northern Access Road Route to Coffee ... |
9/16/2015 | Kaminak Announces New, Northern Access Road Route to Coffee ... |
8/13/2015 | Kaminak Reports 2015 Infill Drill Results from Coffee Gold P... |
8/13/2015 | Kaminak Reports 2015 Infill Drill Results from Coffee Gold P... |
7/30/2015 | Kaminak Reports Up to 85% Gold Recovery from Transitional Mi... |
3/12/2015 | Kaminak Announces $21 Million, 2015 Coffee Project Feasibili... |
3/12/2015 | Kaminak Announces $21 Million, 2015 Coffee Project Feasibili... |
3/11/2015 | Kaminak Announces Closing of $21 Million Bought Deal Private... |
3/11/2015 | Kaminak Announces Closing of $21 Million Bought Deal Private... |
2/26/2015 | Yukon Ranks 1st in Mineral Potential and 9th Overall in the ... |
2/19/2015 | IIROC Trading Resumption - KAM |
2/19/2015 | Kaminak Gold Corporation Announces C$21 Million Bought Deal ... |
2/18/2015 | IIROC Trading Halt - KAM |
2/5/2015 | Kaminak Reports Infill Drill Results from the Supremo Deposi... |
1/27/2015 | Kaminak Reports Infill Drill Results and Announces New Gold ... |
1/20/2015 | Kaminak Reports High-Grade Infill Drill Results from the Dou... |
1/13/2015 | Reports Infill Drill Results from the Coffee Latte Deposit |
1/13/2015 | Kaminak Reports Infill Drill Results from the Coffee Latte D... |
11/24/2014 | Kaminak Changes Fiscal Year End |
11/24/2014 | Kaminak Changes Fiscal Year End |
10/28/2014 | Kaminak Drilling Expands Kona North Discovery at Coffee 3.12... |
10/28/2014 | Kaminak Drilling Expands Kona North Discovery at Coffee: 3.1... |
9/30/2014 | Kaminak Announces Coffee Gold Project Feasibility Program Up... |
9/15/2014 | Kaminak Grants Stock Options |
2/3/2014 | Mourns the Loss of Dr. Craig Finnigan |
12/2/2013 | Validates Heap Leach Process at Coffee Gold Project; Oxide G... |
11/7/2013 | ’s Coffee Infill Drilling Program at Latte Deposit Demonstra... |
9/24/2013 | Announces Closing of $2.8 Million Bought Deal Private Placem... |
9/19/2013 | Initiates Comprehensive Metallurgical Testwork Program at Co... |
8/8/2013 | Drilling Extends Near-Surface Oxide Gold Mineralization Alon... |
7/9/2013 | Announces Closing of $5 Million Bought Deal Private Placemen... |
5/31/2013 | Adopts Advance Notice Policy and Amends Employee Stock Optio... |
5/8/2013 | Drilling Extends Supremo T2; Multiple Gold-Bearing Structure... |
4/15/2013 | Coffee Gold Project Yields New Drill Discoveries and Adds Hi... |
1/10/2013 | Files NI 43-101 Technical Report for Coffee Gold Project |
10/11/2012 | Announces Closing of $12 Million Bought Deal Private Placeme... |
9/17/2012 | Announces $10 Million Bought Deal Private Placement and Exte... |
9/5/2012 | Extends Supremo T3 Zone at Depth and Drills New Gold Discove... |
5/31/2012 | Announces Closing of $6 Million Bought Deal Private Placemen... |
5/11/2012 | Announces $5 Million Bought Deal Private Placement Proceeds ... |
3/19/2012 | Begins Coffee Drill Program |
2/2/2012 | Scheduled to Begin Coffee Drill Program in March: Fully Fun... |
12/7/2011 | Options Michigan Potash Properties |
6/6/2011 | RC Drilling at Supremo Intersects Mineralization Across the ... |
7/12/2010 | Announces An Increase To Over-Allotment Option Of Equity Fin... |
7/7/2010 | Webcast Presentation |
6/10/2010 | Step-Out Drilling Extends Latte and Supremo Zones Along Tren... |
6/7/2010 | Makes Second Yukon Gold Discovery: Latte Zone Yields 1.08 g/... |
2/8/2010 | Receives CDN $2.2 Million From Warrant Exercises |
1/14/2010 | Exhibiting, Presenting and Sponsoring Yukon Events at Upcomi... |
10/15/2009 | Kaminak’s Partner Completes Drilling on Cry Lake, British Co... |
9/22/2009 | Stakes 210 Additional Claims in the Yukon’s White District B... |
9/14/2009 | BCGold Corp. Amend Agreement on Voigtberg Au-Cu Project, Nor... |
8/10/2009 | Commences Exploration Program on the TBN Platinum-Palladium ... |
6/10/2009 | Expands Yukon Gold Work Program to Accommodate Drilling |
6/5/2009 | Stakes Platinum-Palladium Targets in the Thunder Bay Area, N... |
5/20/2009 | Stakes Additional Claims in the White Gold District, Yukon T... |
1/21/2009 | Presents Educational Workshop and Exhibits at Upcoming Vanco... |
10/1/2008 | Seeks Approval for Share Buy-Back Program Through Normal Cou... |
7/4/2008 | Closes Spin-out of Kivalliq Energy Corporation and Sharehold... |
6/27/2008 | Receives Shareholder and Court approval for spin-out of Kiva... |
6/23/2008 | Proposes Timetable for Closing of Spin-out Transaction and A... |
5/9/2008 | Formalizes Agreement on Angilak Property with Nunavut Tunnga... |
4/3/2008 | Featured in Financial Post Business Magazine |
3/20/2008 | Completes Warrant Exercise and Provides Corporate Update |
3/10/2008 | Exhibit at the Paul van Eeden Investing in 2008 Conference |
2/21/2008 | Shareholders to Receive Shares in New Uranium Spin-out call... |
1/31/2008 | Signs Landmark Agreement with Nunavut Tunngavik Incorporated... |
1/15/2008 | Commences Airborne Geophysical Surveys on Quebec Nickel Pro... |
11/22/2007 | Confirms copper-uranium-silver mineralization along the BOG... |
11/15/2007 | Management Increases Share Position |
11/5/2007 | Reports New Gold-Rich Surface Samples from Its YAT Copper-Ur... |
10/3/2007 | Investment Workshop - Evaluating a Mineral Exploration Compa... |
9/17/2007 | Partners Commence Exploration Programs on Three Separate Gol... |
8/22/2007 | Options Needle Gold Property to TerraX Resource Corp. |
7/18/2007 | Options SY Gold Property to Corsa Capital Ltd. and Signs Exp... |
7/5/2007 | Begins Exploration Programs on Washburn and Yathkyed Project... |
5/4/2006 | to receive up to $5,000,000 of additional geological data se... |
|
|
|
| |