Kaminak
Identifies Additional Gold-in-Soil Trends on the Coffee Property: New Soil
Results Yield up to 3.16 g/t Au
August 24, 2009
Vancouver, B.C. � Kaminak
Gold Corporation (KAM: TSX-V) is pleased to report geochemical results from over 1,700 soil samples
taken from the Company�s 100% owned Coffee property, located in the White
District, Yukon. These samples were taken over previously unexplored
portions of the property in order to generate additional trenching targets
for the ongoing 2009 exploration program.
Key
Point Summary:
- Gold-in-soil
results up to 3.16 g/t Au recovered from a new 450m long geochemical
anomaly located over 1
km from current trenching areas
- Main
Coffee gold-in-soil anomaly extended to the north by at least 500m and
now measures 3.2 km
long by 1.2 km
wide
- Gold
geochemical anomalies associated with distinctive pathfinder signature
of arsenic (As) and antimony (Sb)
�Soil sampling
remains the most effective exploration tool in the non-glaciated White
District, � stated Rob Carpenter, President and CEO of Kaminak. �Our soil
sampling has uncovered several new priority trenching targets, and we are
still awaiting results for an additional 1,300 soil samples. �
Soil Sample Results
Highlights include the delineation of a new,
gold-in-soil anomaly located over 1 km from current trenching work. This new
linear trend can be traced over at least 450m in length and is defined by six
consecutive samples with assay values ranging from 131 ppb Au to a high of
3,156 ppb Au or 3.156 g/t Au. The trend remains open in both directions and
appears to be <100m wide. Subsequent prospecting and grab sampling along
this trend resulted in the collection of approximately 10 rock samples which
have been submitted for geochemical analysis. Follow-up trenching is
scheduled to be completed this field season.
Additional soil sampling was completed along the
margins of the previously known main anomaly area where trenching is ongoing.
Of note, a cluster of eight soil samples all yielded values >75 ppb Au. These
results extend the limits of the core soil anomaly by at least 500m to the
north with the core center anomaly now measuring 3.2 km by 1.2 km. Trench lines are
to be extended over this new area as well this field season.
A total of 1,787 soil samples were analysed and 51
of these samples yielded results > 75 ppb Au (highest threshold). Overall,
results ranged from background (< 15 ppb Au) to a high of 3,156 ppb Au or
3.156 g/t Au. Gold-in-soil anomalies are also associated with high arsenic
(As) and antimony (Sb). Ninety three samples
yielded arsenic values >100 ppm As (range 1 to
967 ppm) and twenty two samples assayed >8 ppm Sb (range 0 to 17 ppm).
QA / QC
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. Samples were shipped to Acme Laboratories of Vancouver,
B.C. for analyses. Samples were crushed and pulverized using a mild steel
ring and puck mill. 30
gram aliquots were then weighed into fire assay
crucibles and the samples are placed in a cupel and
fired at 950 degrees Celsius. After cooling, 10 ml of HCl is added in order to dissolve gold particles. Solutions
are analysed for Au on a Varian 735 ICP-ES. Certified reference materials are
inserted into the batch and results were verified by a British Columbia
Certified assayer. The Coffee property represents an early stage exploration
property and does not contain any mineral resources as defined by National
Instrument 43-101.
About Kaminak
Kaminak Gold Corporation is an opportunity focused, prospect generator whose
technical strength and entrepreneurial drive is complemented by a proven,
successful business model designed to create shareholder value. The company
has an extensive portfolio of discovery-stage projects that offer world-class
exploration potential and present exposure to strategic commodities with an
emphasis on gold.
Kaminak�s financial discipline has enabled the company to acquire a healthy
treasury, remain debt-free and maintain a very low corporate burn-rate.
Well positioned to take advantage of the current market, Kaminak is actively
engaged in seeking out market-friendly opportunities that are value-driven
with high-potential for discovery.
On behalf of the Board of Directors of Kaminak
�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 toll free
1.888.331.2269, directly at 604.646.4534 or by email at info@kaminak.com.
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 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.
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