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Kaminak Gold* (KAM : TSX-V : $2.86), Net Change: -0.20, % Change: -6.54%, Volume: 290,840 The insider buying continues. According to insider reports, a director of Kaminak purchased 50,000 shares at an average cost of $2.90 on September 26. This follows reports that Kaminak's CFO purchased 20,000 shares of Kaminak on September 23 atan average cost $3.00 per share. Shares of Kaminak have fell significantly of late (down nearly 30% in the past month), as investors liquidate junior gold stocks without any preference. The good is getting thrown out with the bad. Kaminak is one of the highest-quality junior golds out there, with the very impressive Coffee project, and should be one of the first and best performers when the market stabilizes and the junior gold sector bounces back. Recently, the company released another set of impressive assay results from drilling at its Coffee Gold property in the Yukon Territory. The company released results from 44holes from the Latte Zone where drilling has extended the zone from about 600 m to about 1,350 m, and from surface down to275 m depth. The company suggests recent airborne magnetic data could indicate the Latte structure continues about 2.5 km towards the Kona (west) and about 1 km east towards the Double Double zone. A total of 42 holes tested Latte in the 2011program on 100 m step outs. The company appears to be on schedule to complete the 40,000 m program (budgeted at $15million) at the Coffee property during the 2011. Three diamond drills and one reverse circulation drill (RC) are currently active on the property. Assays from Kona (35 RC, five diamond holes) are currently pending. Before the end of the 2011 program, Kaminak expects to also drill test the Americano West, Macchiato, Cappuccino, and potentially the Sugar zones.
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