Kaminak Gold Corporation
TSX VENTURE : KAM

Kaminak Gold Corporation

September 13, 2010 08:30 ET

Kaminak Drills New Gold Discoveries at Supremo: At Least Five Gold-Bearing Structures Are Open Along Trend and at Depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to report assays from exploration drilling from the Supremo trend, located on the Company's 100% owned Coffee property, located in the newly-recognized White Gold District, Yukon Territory. The Supremo trend is one of three significant gold discoveries made to date by Kaminak in 2010 on the Coffee property. The other two discoveries are the Latte and Double Double trends which are located approximately 1.5km south and southeast of the Supremo trend, respectively.

Drilling earlier this season by Kaminak at Supremo focused entirely on testing the north-south trending "T3" structural zone where results include 17.1 g/t Au over 15.5m; 3.26 g/t Au over 17.35m and 21.3 g/t Au over 8m (see Kaminak news releases dated May 26 2010, June 10 2010 and August 5 2010). The T3 trend has been traced for at least 550m along strike and remains open. Field work at Supremo by Kaminak in 2010 successfully identified several new structural zones parallel to the high-grade T3 structure (T2, T4, T6, and T7) all occurring within a 600m wide envelope with individual structures ranging from 5-50m wide each. Gold-in-soil data and ground geophysical surveys suggest these new structures are traceable for several hundred meters along trend. This release provides results from the first ever holes drilled on these newly defined structural trends.

"Gold mineralization at Supremo consists of several steeply-dipping and stacked structures which are all open along trend and at depth," stated Rob Carpenter, Kaminak's President and CEO. "These results significantly increase the potential for Supremo to host high-grade and bulk tonnage gold deposits.

Key Results

T2 Structure - 3.73 grams per tonne gold (g/t Au) over 16m starting at 92m core depth and a lower intercept of 7.07 g/t Au over 2m starting at 178m core depth (both from hole CFD-29)

T6 Structure - 2.11 g/t Au over 14m starting at 4m core depth and a lower intercept of 2.38 g/t Au over 19m starting from 33m core depth (both intercepts from hole CFD-34)

T7 Structure – Two holes collared in alteration and mineralization with hole CFD-26 yielding 4.65 g/t Au over 4m starting at 8m core depth

Drill Hole #   Zone   From (m)   To (m)   Length (m)*   Weighted Grade (g/t)
CFD-25   T7   4   10   6   1.37
                     
CFD-26   T7   8   12   4   4.65
                     
CFD-29   T2   92   108   16   3.73
and       178   180   2   7.07
                     
CFD-30   T2   175   176   1   2.15
                     
CFD-33   T6   77   84   7   3.63
                     
CFD-34   T6   4   18   14   2.11
and       33   52   19   2.38
                     
CFD-36   T6   118   120   2   0.39
                     
CFD-37   T4   60   67   7   1.57
        90   97   7   1.11
                     
CFD-39   T6   118   129   11   1.64
and       175   186   11   1.00
and       199   209   10   1.04
*true width is estimated at 70-100% of core length

A detailed plan map, cross-section, assay sheet and photo montage of select core samples are available on the Kaminak website at www.kaminak.com.

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. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly by charter plane to the ALS CHEMEX preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

On behalf of the Board of Directors of Kaminak

Rob Carpenter, Ph.D., P.Geo., President and CEO

Kaminak Gold Corporation

For more information on the group please visit www.discoveryexp.com.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Kaminak Gold Corporation
    Tony Reda
    Vice-President of Corporate Development
    Toll Free: 1.888.331.2269 or direct: 604.646.4534
    info@kaminak.com
    www.kaminak.com