Updated News on Yukon Coffee Gold Project

Coffee Gold Project, Yukon Territory

Kaminak’s core asset is the 100% owned Coffee Gold Project located in the emerging White Gold District of the Yukon Territory, Canada. In 2010, Kaminak successfully executed the first ever drill program on the 150,000 acre Coffee property and drilled 8 separate and closely-spaced gold discoveries within a 15km by 5km area. Discovery holes include:

CFD001 Supremo Zone 15.5m @ 17.1 g/t Au
CFD006 Latte Zone 83.93m @ 1.08 g/t Au
CFD027 Double Double Zone 35m @ 6.3 g/t Au
CFD053 Kona Zone 56.75m @ 2.21 g/t Au and 23m @ 1.92 g/t Au
CFD064 Americano Zone 18m @ 2.36 g/t Au
CFD069 Connector Zone 11m @ 5.5 g/t Au

Lack of glaciation over the Coffee property has allowed in-situ soil-sampling to be employed as a highly effective exploration tool. All of Kaminak’s gold discoveries to date have been found by drilling directly underneath gold-in-soil anomalies. Presently, there are over 19km of untested soil anomalies known on the property that warrant drill testing, and only 10% of the property has seen systematic grid soil sampling.

2011 Exploration Program Highlights:

The Coffee Gold Project Phase One exploration program is budgeted at $15 million and includes 40,000 metres of drilling from four drills (three diamond drills and one RC drill), geophysics and the collection of 10,000 new soil samples in previous unexplored regions of the property. The key objectives for the 2011 drill program are to:
1. Expand and define geometry on the 8 gold zones discovered in 2010
2. Work towards National Instrument 43-101 compliant inferred resources on priority zones
3. Continue to discover new gold zones across the Coffee property by drill testing high-quality soil anomalies
Each of the 8 gold zones discovered by Kaminak in 2010 will receive follow-up drilling in 2011, and newly-defined, high-quality, gold-in-soil anomalies, such as Americano West, Macchiato, and the newly recognized Sugar, will also be drill tested. The Sugar trend is located 35km east-southeast from Americano West.
Initial emphasis will be on expanding the Latte – Double Double – Supremo gold trends. Each of these gold zones begins at surface and remains open in all directions.
Up to 10,000 soil samples will be taken across the property including extensions to the existing high tenor anomalies at Coffee, systematic grid sampling over the newly defined Sugar trend gold-in-soil anomaly, and comprehensive first pass ridge and spur soil sampling across the remainder of the Coffee Property.

Updated News on Yukon Coffee Gold Project