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Kaminak Gold Corporation

11:50 AM EST - Kaminak Gold Corporation : Announced that the Phase I, 2016 exploration program at the Coffee Gold Project, located 130 km south of the city of Dawson, Yukon, has now commenced. The program is designed to test resource expansion potential proximal to the proposed mine site as well as to further investigate priority gold-in-soil anomalies identified from previous exploration campaigns regionally throughout the landholdings. The Phase I program will include soil sampling, trenching and drilling under a budget of approximately $2.6 million. Kaminak Gold Corporation shares V.KAM are trading down $0.01 at $2.51.