Issue link: http://resourceworld.uberflip.com/i/162873
Rosebute properties based on the 2013 work currently underway. The company currently has $1.2 million in the bank but will require additional funding to complete the proposed 2014 exploration program. KAMINAK GOLD CORP. [KAM-TSXV] The Coffee Gold Project, Kaminak's 100%owned core asset, is located in the White Gold District of the Yukon Territory, Canada. Since my last visit to Coffee, the project has transitioned from an interesting exploration prospect to a multi-million ounce gold project heading toward development. The company is on track to produce a maiden PEA in 2014, however, the property still boasts good exploration upside with many discoveries requiring follow up drilling and numerous gold-in-soils waiting to be tested. To that end the company has made changes to their board of directors that will allow it to not only meet the demands of the project today but also for tomorrow. The transition from exploration to development is natural, but can become complex if companies do not recognize the different skill sets needed. A company's overall ability to attract the necessary capital and talent to complete advanced exploration, engineering and permitting activities in advance of a production decision is crucial to the success of the project. The changes to the board included taking on Eira Thomas to succeed Rob Carpenter as President and Chief Executive Officer reflects Kaminak's understanding and appreciation of what it takes to successfully progress a project through to development. Kaminak completed 69,000 metres of drilling in 2012, the year it completed a maiden inferred resource estimate of 3.2 million ounces of gold at a depth of primarily less than 200 metres, and over 40,000 metres in 2013. The results from this year's program will inform an updated NI 43-101 expected to be completed by the end of this year and a PEA in 2014. And yet, only 20% of the Coffee Project has been explored. The Coffee Project is well situated in SEPTEMBER 2013 High-Grade Oxide Gold at Surface 3.2 million ounces inferred, maiden NI 43-101 Dec 2012 $11 million drill program includes 40,000m of drilling underway All zones begin at surface, open along trend and at depth High-grade and extensive oxide/transitional mineralization present in all zones Positive preliminary oxide metallurgy 100% owned Coffee Gold Project located in the Yukon Territory, Canada FOR INFORMATION VISIT: WWW.KAMINAK.COM OR CONTACT: INFO@KAMINAK.COM TOLL FREE: 1.888.331.2269 KAM:TSX-V Eagle Gold Project Yukon, Canada Alaska Dawson City Mayo YUKON Whitehorse TSX-V: VIT Eagle Gold Project Yukon's Next Gold Mine of Opportunities www.resourceworld.com 11