Vancouver, B.C. - Kaminak Gold Corporation (KAM: TSX-V) today announced that exploration has begun on the company's Washburn Uranium and Yathkyed IOCG (iron-oxide-copper-gold) Projects.
The Washburn Uranium Property is under option to Mega Uranium Ltd. (MGA: TSX) who have commenced an initial program of geological mapping and prospecting in a geological setting analogous to the prolific Athabasca Basin.
The Yathkyed IOCG Project is 100% owned by Kaminak. The initial exploration program at Yathkyed is operated by Kaminak's in-house technical team and involves baseline geological mapping and prospecting designed to generate drill targets. Preliminary research has led Kaminak's technical team to believe the Yathkyed property has potential for numerous mineral deposit types including bulk tonnage-style IOCG (iron-oxide-copper-gold) mineralization.
About Kaminak
Kaminak Gold Corporation is a prospect generator employing a joint venture strategy that maximizes opportunities for discovery while minimizing exploration risk to the company. A critical component of Kaminak's business model is working with strong project partners to advance the company's exploration projects. Covering several million acres, Kaminak holds one of the largest land positions in Canada devoted to metallic mineral exploration. Kaminak's projects offer world-class exploration potential and present exposure to strategic commodities including, gold, uranium and nickel.
On behalf of the Board of Directors
"Rob Carpenter"
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, Investor Relations, at 604.646.4534.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain disclosures in this release, including management's assessment of Kaminak's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. 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.