Issue link: http://resourceworld.uberflip.com/i/318453
38 www.resourceworld.com j u n e / j u l y 2 0 1 4 MINING Yukon exploration under way by Ellsworth Dickson Following the recent closing of a $11.5 million bought deal private placement, Kaminak Gold Corp. [KAM-TSXV has launched its 2014 field programs for the continued exploration and development of its 100%-owned Coffee gold project located 130 km south of Dawson City, Yukon Territory, Canada. Kaminak has also reported the comple- tion of an independent NI 43-101 report by consultants Sim Geological Inc. and Kappes Cassiday and Associates. Situated in the emerging White Gold District, the Coffee gold project is a high-grade, oxidized, gold deposit amenable to heap leaching. In mid-April, President and CEO of Kaminak, Eira Thomas, reported that addi- tional column leach, metallurgical testing results from bulk, coarse crush, surface oxide samples collected in 2013 have been encouraging. Column leach gold recoveries of 85% and 88% were returned on 6-inch crushed material from bulk surface oxide samples from each of Supremo and Latte Zones. Corresponding bulk surface oxide samples crushed to 1-inch for both Supremo and Latte produced a recovery of 92%. The metallurgical program will provide valu- able input for the Preliminary Economic Assessment, currently in progress. Since 2010, Kaminak has drilled 16 dis- tinct gold discoveries and established a NI 43-101 compliant, indicated resource of 14 million tonnes grading 1.56 g/t gold, for 719,000 ounces, including 480,000 ounces of gold classified as oxide, and an inferred resource of 79 million tonnes of 1.36 g/t gold, for 3,434,000 ounces of gold, which includes 2,078,000 ounces gold classified as oxide at a cut-off of 0.5 g/t for oxide and transitional material and a 1 g/t cut-off for sulphide material. Another explorer, Atac Resources Ltd. [ATC-TSXV], has completed a $6.8 million flow-through financing that will be used for exploration of the 100%-owned Rackla gold project located 55 km northeast of Keno Hill in the Mayo District of east-central Yukon. In a recent press release Atac reported that the 1,700 km 2 property hosts Canada's first Carlin-type gold discoveries. The proj- ect area is divided into two distinct trends: the 50-km-long Nadaleen trend, which hosts drill-confirmed Carlin-type miner- alization at the Conrad, Osiris, Isis East, Sunrise and Anubis zones, and the 20-km- long Rau trend, which hosts the Tiger gold deposit and the Ocelot silver-lead-zinc-tin discovery. Most of the 2014 exploration program will focus on the Carlin-type gold discoveries on the Nadaleen trend. Atac's 2014 Phase I exploration objectives: • To continue expanding the western end of the Sunrise Zone toward the high-grade Osiris anticline. Step-out drilling will resume westward from the final 2013 holes that returned 19.81 metres of 5.54 g/t gold (OS-13-214) and 16.76 metres of 6.76 g/t gold (OS-13-217). • To further prepare the Anubis-area tar- gets for a second-phase drill program with extensive excavator trenching and pitting. Exploration work will be carried out at the Anubis discovery, where hole AN-12- 001 intersected 8.51 metres of 19.85 g/t gold; on eight nearby 2012-2013 surface showings; and on eight priority Carlin- type gold and/or pathfinder element soil anomalies over a 12-square-kilometre area. Diamond drilling will be conducted at the Anubis zone in 2014. "Exploration in 2013 was very suc- cessful in identifying a new region of Carlin-type gold targets within a geo- chemical anomaly comparable in size to the Osiris cluster. We are very excited to return to these virtually untested prior- ity targets. The planned Sunrise Zone expansion drilling and Anubis area trenching programs will continue to prove the resource and district potential of the Rackla gold project," said Graham Downs, CEO of Atac. "With the first-phase Nadaleen trend exploration program bud- geted at approximately $5 million, Atac will be in a very strong financial position, with approximately $20 million remain- ing to conduct an aggressive second-phase program based on initial results." Wellgreen Platinum Ltd. [WG-TSXV; WGPLF-OTCQX], formerly Prophecy Platinum, has been receiving encouraging drill results from its 100%-owned platinum group metals (PGM), copper, nickel project located 317 km northwest of Whitehorse. The latest results from the West Zone, within the main Wellgreen deposit, extend All smiles at the discovery hole on the Supremo Zone at Kaminak Gold's Coffee Project. Photo courtesy Kaminak Gold Corp.