GOLD – Kaminak Gold Corp. Oct. 28 reported results from drilling at Kona North, a new gold discovery at the Coffee Gold project in the Yukon. The Kona North discovery returned 3.55 grams per metric ton gold over 28 meters in its first hole, and mineralization has now been traced over a minimum strike length of 240 meters. A total of 1,600 meters of drilling in eight additional holes were completed as part of a second phase exploration drilling program at Kona North, bringing the total number of holes and meters drilled at Kona North to 10 and 2,000 meters, respectively. Kaminak reports that all holes intercepted mineralization with estimated true widths of between 5 meters and 25 meters. Highlights include: 3.12 g/t gold over 28.95 meters in hole CFR657; 4.85g/t gold over 16 meters and 2.90 g/t gold over 22 meters in hole CFD435; and 6.99 g/t gold over 9.14 meters in hole CFR654. Kaminak says mineralization appears to be associated with a broadly east-west trending structural corridor that remains open along strike in both directions and to depth. Oxidization is variable, but appears well developed near surface extending to an average depth of 40 meters below surface. Additional drilling is scheduled for Kona North early in 2015 with the aim of delineating a near-surface oxide resource for consideration and potential inclusion in the Coffee feasibility study, now underway. Kaminak recently announced the results from a preliminary economic assessment at Coffee demonstrating a robust, high-margin, rapid pay-back, 11-year open pit mining project using a US$1250/oz gold price. In conjunction with the closing of a C$13.52 million private placement in July, the company began the feasibility study on the Coffee Gold Project. Drilling and related field programs have been extended into the fall of 2014 with the objective to complete critical path and long lead time work programs. Three RC percussion drills are still turning on the property, undertaking resource delineation infill drilling. Environmental and heritage baseline studies and engineering studies into the optimal route and design of the access road are also advancing as planned.

GOLD – Atac Resources Ltd. Oct. 28 provided an update on exploration conducted in the Anubis area within the Nadaleen Trend of the company’s Rackla gold project, Yukon Territory. During 2014, Atac completed an extensive surface exploration program at the 18-square-kilometer (seven square miles) Anubis area, which is located 10 kilometers (six miles) west of the Osiris cluster of gold zones – the primary focus of Atac’s exploration since 2011. The Anubis area hosts more than 10 gold exploration targets, including the Anubis discovery outcrop, where prospecting grab sample assays ranged from below detection to 139 grams per metric ton gold. Subsequent drilling beneath the discovery outcrop returned 8.51 metric of 19.85 g/t gold. The Anubis area displays many of the same structural controls and mineralizing characteristics as the Osiris area and is now considered Atac’s second district-scale Carlin-type gold target within the broader Nadaleen Trend. The 2014 exploration work in the Anubis area consisted of systematic prospecting, mapping, excavator trenching and overburden auger drilling. The goal was to evaluate the distribution of gold mineralization and pathfinder element anomalies within and adjacent to two major northwest-trending extensional faults. Excavator trenching and overburden drilling were specifically used to locate the bedrock source of subdued gold-in-soil response typically associated with Carlin-type mineralization in areas of shallow overburden. The 2014 program at the Anubis area resulted in the completion of 1,050 m of trenching, 50 overburden drill holes and the collection of 172 soil samples and 786 rock samples. The company says this work has outlined a cumulative strike length of eight kilometers (five miles) of elevated pathfinder element-gold response in overburden and bedrock along favorable northwest-trending extensional faults. These anomalies and elevated gold response are strongest where major and secondary faults intersect. The 2014 program results have enabled Atac to better define geochemical anomalies and track the geochemical response back to areas of bedrock alteration; trace known faults; and identify new intersecting structures that are the potential feeder systems for mineralizing fluids. Excavator trenching along the Anubis fault was particularly successful in identifying areas of complex faulting that are enveloped by zones of hydrothermal alteration. Trenching of host limestone and calcareous shale returned gold values from below detection up to 2.30 g/t gold over five meters. The identification of these structures in relation to geochemical anomalies and characteristic Carlin-type alteration is a critical milestone for developing drill targets. Now that the hydrothermal footprint has been outlined, the next step will be targeted drilling to test the intersection of feeder fault systems with favorable host rock units, such as the Anubis area silty limestones. The company says 10 priority exploration targets within the system have been identified for follow-up drilling. “The systematic 2014 exploration program was very successful in achieving ATAC’s objective of tracing known gold-bearing faults and identifying new mineralized crosscutting faults over the largely untested regional-scale mineralizing system that underlies the Nadaleen Trend,” said Rackla Project Manager Julia Lane. “As with many Carlin-type deposits in Nevada, understanding mineralizing structures and where they interact with receptive calcareous host rocks is a critical step before targeting drill holes. The focused 2014 exploration program at Anubis generated a large amount of exploration data that will be compiled in the coming months to prioritize drill targets.”