Kaminaks Partner Completes Drilling on Cry Lake, British Columbiaadmin
Kaminak Gold Corporation announced that project partner Solomon Resources Ltd. completed a diamond drill program on Kaminak’s 100% owned Cry Lake Gold-Silver Project located in north western British Columbia, Canada. The program was funded by Kaminak’s partner who completed two diamond drill holes totalling 416 metres as well as geological mapping and sampling of an extended soil geochemical grid. Solomon has informed Kaminak that the company will compile the 2009 results with historical data and apply for exploration permits over the coming months in order to undertake a significantly larger drill program on the Cry Lake property in 2010. Assay results from this season’s drilling are expected to be received within eight weeks. Selected samples have also been taken for petrographic examination and whole rock analysis.
The purpose of the 2009 drilling was to confirm the presence of the Discovery/Surprise Vein and extend the depth of mineralization. Drill Hole DDH-CL09-01 was drilled to a depth of 185 meters at -47 degree dip and 215 degree azimuth and DDH-CL09-02 was drilled from the same collar at -60 degree dip and 215 degree azimuth and completed to a depth of 231 meters. The core has now been processed and logged by Solomon geologists in Dease Lake and assay splits sent to Acme – Global Discovery Labs of Vancouver, British Columbia for analysis.
Historical channel samples of the Discovery Vein returned the following selected near surface high-grade values: 27.09 grams per tonne (g/t) gold and 1220.6 g/t per tonne silver over 2.0 meters; 15.09 g/t gold and 1073.2 g/t silver over 3.5 meters and 8.91 g/t gold and 596.6 g/t silver over 1.0 meter (British Columbia Geological Branch Assessment Report 22840). Limited shallow historical drilling by earlier operators, including Madrona Mining Limited in the mid 1990′s, confirmed the presence of gold-silver mineralization on the Cry Lake property.