Wednesday, August 11, 2010

Kaminak's Coffee Property Looks Like a Winner

The White Gold District in the Yukon has received a lot of attention over the last couple of years with Underworld discovery and subsequent buyout by Kinross. Since then there has been a mad staking and exploration rush that started last year and as some of the results of this little explored area in the Yukon are starting to become known, it seems like anywhere explorers are putting drills in to the ground in White Gold... They are coming up with large intervals of economical amounts of gold.

One of my favorites to be another winner and so far looks like it has the potential to surpass Underworld is Kaminak. Today they released results of a third discovery on their Coffee property which is laden with high priority targets. This latest result of 6.3 g/t au over 35 meters is nothing short of spectacular and add to that their 2 other discoveries at Supremo and Latte Zones.

What is significant is that these zones could all be related with the Double Double Discovery being 1km south of the Supremo zone and 1 km east of the of the Latte Zone. Kaminak released news yesterday that identifies a huge gold in soil anomaly zone covering 15km by 5km.

Kaminak has one of the highest potential properties for another mulitmillion ounce discovery and so far it looks like very good with the discovery of 3 zones this exploration season as well as several trends and large gold in soil anomaly area.

Things are looking great for Kaminak and is my pick for being the next big discovery in White Gold, Yukon.

Northern Tiger is another great company that I am banking on making a discovery in the area as well, but is more blue sky than Kaminak and less advanced. If you are looking for a project that has a lot of the risk taken out of it with the work done this summer, its Kaminak.

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