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Sail VMS Property, BC
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Kaminak Gold Corporation owns 100% of the 5,000 ha Sail Property located in the Cry Lake area of northwestern British Columbia.
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20 kilometres from Kaminak’s Nizi Gold – Silver Property.
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Previous historical work on the Sail property by Westmin Resources Limited (“Westmin”) in 1996 and 1997 resulted in the discovery of several gold-copper-zinc-lead-silver occurrences across the property.
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Historical grab samples hosted in quartz-sericite-pyrite schist yielded up to 7.0 g/t Au and 2.24% Zn
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A historical grab sample from a fault zone yielded 32.4% Pb, 1.13% Zn, 0.25% Cu and 90.0 g/t Ag.
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Historical assays of a series of locally derived massive sulphide boulders yielded up to 8.8% Cu and 233 g/t Ag.
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Geological mapping performed by Westmin strongly suggested that mineralization on the property is related to volcanic hosted massive sulphide processes (VMS). Westmin mapped extensive hydrothermal alteration zones co-incident with large scale copper-zinc-lead soil geochemical anomalies.
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