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kaminak gold corp-a (KMKGF) Details

Kaminak Gold Corporation, an exploration stage company, focuses on the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada and the United States. It primarily explores the Coffee Gold Project, a 150,000 acres property located in Yukon Territory, Canada. The company also holds interests in various other properties located in Quebec, Nunavut, Ontario, Yukon, British Columbia, and Manitoba, as well as in Nevada. Kaminak Gold Corporation was incorporated in 2005 and is headquartered in Vancouver, Canada.

kaminak gold corp-a (KMKGF) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$56.5K
Vice President of Corporate Development
Total Annual Compensation: C$140.3K
Vice President of Exploration
Total Annual Compensation: C$170.0K
Compensation as of Fiscal Year 2012.

kaminak gold corp-a (KMKGF) Key Developments

Kaminak Announces Updated Mineral Resource Estimate at Coffee Gold Project

Kaminak Gold Corporation announced an updated National Instrument 43-101 Mineral Resource Estimate on the Coffee Gold Project, Yukon, Canada. At a base case cut-off of 0.5 grams per tonne gold ("g/t Au") for Oxide and Transitional material and a 1g/t Au cut-off for Sulphide material, the updated mineral resource estimate consists of an Indicated Resource of 14 million tonnes grading at 1.56g/t Au for 719,000 ounces, including 480,000 ounces gold classified as Oxide, and an Inferred Resource of 79 million tonnes grading at 1.36g/t Au for 3,434,000 ounces of gold, which includes 2,078,000 ounces gold classified as Oxide. This updated Resource Estimate will be incorporated together with the metallurgical results reported in 2013 into a Preliminary Economic Assessment ("PEA"), the next step for the Coffee Project, set to commence later January 2014. The company is fully funded through to completion of the PEA, which is budgeted at $0.5 million to completion. The company currently has $8 million in cash and no debt. 719,000 ounces gold indicated and 3,434,000 ounces gold Inferred, which translates to a 28% increase in overall gold resources since December 2012 and includes a 73% increase in total Oxide gold ounces. 57% of the Oxide and Transition resource is within 100m of surface and 80% is within 150m. Oxide resources from 0-150 metres below surface totaling 8 million tonnes at 1.77g/t Au for 467,000 ounces gold Indicated, and 48 million tonnes at 1.28g/t Au for 1,962,000 ounces gold Inferred. Metallurgical test work in 2013 returned column leach gold recoveries of >=90% on 1 inch crushed Oxide material from Latte and Supremo deposits within 40 days of leaching, including 81% gold recovery after ten days leaching. All deposits remain open along strike and at depth and the company believes that there is high potential to add near surface oxide ounces proximal to the current NI 43-101 resource.

Kaminak Validates Heap Leach Process at Coffee Gold Project

Kaminak Gold Corporation announced the results of the first phase of a comprehensive metallurgical test work program at the Coffee Gold Project, Yukon, that will provide process input data for the updated NI 43-101 Mineral Resource Estimate scheduled for completion in the 1(st) Quarter of 2014, which will in turn lead into the initiation of a Preliminary Economic Assessment. The primary objectives of the 2013 metallurgical program were to test the potential for heap leach processing of Oxide and Transitional facies at Supremo and Latte, two of the large deposits discovered to date at Coffee, at variable crush sizes (0.5", 1.0" and 6") and to establish representative gold recovery rates from cyanide soluble gold assaying for Oxide, Transitional and Sulphide facies mineralization at various depth profiles across the Coffee deposits. In the oxide samples, the recoveries of 90% and above were obtained at both a crush size of 0.5 and 1 inch material. Additional test work is currently ongoing to investigate a nominal 6 inch crush size (80% passing 150 mm) for the oxide mineralization at both Supremo and Latte. Preliminary test work reported no percolation problems; therefore, the use of cement agglomeration was not required. The column leach tests were performed at a temperature of 4 degrees Centigrade to simulate cold climate leaching, with the exception of one test at ambient lab temperature (22 degrees C) as a test control. The gold recovery difference between ambient and cold climate temperature is negligible at 1% (95% versus 94% gold recovery respectively). All of the samples leached very rapidly with 81.0% and 81.6% gold recovery from Supremo and Latte respectively within ten days leaching of the 1 inch Oxide columns. Low cyanide consumption was reported from all leach columns.

Kaminak Gold Corp. Provides Update at Coffee Gold Project

Kaminak Gold Corp. announced the delineation of new extensions of shallow oxide gold mineralization on the company's Coffee Gold Project, Yukon Territory linking the Supremo T5 and T7 zones. Drilling identified a new structure - the 'T5 Splay' - with strike extent of at least 450m trending northeast from the southern section of the T5 zone. Drilling also extended T7 up to 400m southwards along strike where it appears to intersect or merge with the T5 Splay. The total strike length of the Supremo T5 and T7 gold zones are 1.7km and 950m respectively. Furthermore, Kaminak has now delineated over 10km of mineralized strike within the Supremo-Latte-Double Double area, which is where the bulk of the inferred resource estimate resides. The T5 Splay is another example that proves that the Coffee deposits are all connected as part of a single, large, structurally controlled hydrothermal gold system. Drill highlights from the T5 Splay structure include: 6.23grams per tonne gold (g/t Au) over 12.19m from 80.77m down hole depth in CFR0545; 5.70g/t Au over 6.09m from 10.67m down hole depth in CFR0546; 2.78g/t Au over 12.19m from 4.57m down hole depth in CFR0549; 3.54g/t Au over 7m from 106m down hole depth in CFD0352.


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