Value Microcaps Junior Miners

[dr_airtime]

KAM.V - Just Out - 2.68M Indicated Au Oz @ 1.68 g/t

Very important press release to read for Kaminak that lays out resource update from 70,000m drill program. Indicated ounces are 50m spacing and become probable reserve ounces in a feasibility study. Since this is a heap-leach project perhaps they are determining they don't need to go down to 25m spacing to get Measured Ounces (become proven reserve ounces after feasibility study).

http://finance.yahoo.com/news/kaminak-increases-grade-oxide-ounces-120000644.html

I would think feasibility study should provide support for PEA assumptions and LOM production should top 2M Probable reserve ounces, and increase from LOM 1.86M gold ounces produced per the 2014 PEA:

http://www.kaminak.com/news_releases/2014/index.php?&content_id=575

From today's PR:

"Resource and conversion drilling has gone very well and most of the assumptions used in the PEA remain relevant and defensible. Coffee remains a strong project and one of the few development track gold projects located in Canada that can deliver sizeable, high margin production in excess of 160,000 ounce per annum in the current gold price environment."

Only thing I have no idea on is how well heap leaching works in the Yukon in below freezing temperatures in the winter months but I am sure there are precedent examples of heap leach operations this far north - please chime in if you have any examples (maybe one of Agnico Eagle's northern mines or something in Russia or Southern Chilean Patagonia alpine?)