Kaminak Gold Corporation is pleased to announce that the Company was honoured this week with the prestigious J.C. Sproule Northern Exploration Award by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).
The award recognizes Kaminak's exploration success and the continuing delineation of mineral resources at the Company's Coffee Gold Project located in the Yukon Territory of Canada. Founded in 1898, the CIM is the leading technical society of professionals in the Canadian minerals, metals, materials and energy industries.
Eira Thomas, CEO, commented, "Kaminak is very proud to have been selected as the recipient of the J.C. Sproule Northern Exploration Award by the CIM, recognizing success in northern mineral exploration and development. Coffee was discovered in 2010 and through the vision, hard work and dedication of the Kaminak Team, has been advanced to become a multi-million ounce gold resource in a few short years. We look forward to another banner year in 2014 as we work to deliver our first Preliminary Economic Assessment at Coffee, and continue to evaluate priority targets that have the potential to contribute additional near-surface oxide ounces."
About Kaminak Gold Corporation
Kaminak is exploring the 100% owned Coffee Gold Project, a multi-million ounce, high-grade oxide gold district that is amenable to heap leaching and located in the Yukon Territory, Canada. Since making the initial discovery in 2010, the company has spent $65 million and drilled over 185,000 metres resulting in 16 separate and distinct discoveries and a NI 43-101 Mineral Resource Estimate consisting of an Indicated Resource of 14 million tonnes grading at 1.56g/t Au for 719,000 ounces and an Inferred Resource of 79 million tonnes grading at 1.36g/t Au for 3,434,000 ounces of gold at a base case cut-off of 0.5g/t Au for Oxide and Transitional material and a 1g/t Au cut-off for Sulphide material.
On behalf of the Board of Directors of Kaminak
Eira Thomas, President and CEO
Kaminak Gold Corporation
Source: http://www.kaminak.com/