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Company Spotlight
Allana Potash Corp. (TSX: AAA)
Allana Resources Inc. (TSX: AAA) is a well financed Canadian potash company focusing on the + Read More
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The Ubika Research Junior Resource stock watchlist
Kaminak Gold Corp.(Symbol: V.KAM) |
| Company Name: |
Kaminak Gold Corp. |
| HQ Location: |
Vancouver, British Columbia |
| Company Website: |
www.kaminak.com |
| Shares Outstanding |
47.4 Million |
| Closing Price (May 10, 2010) |
$0.80 |
| Market Cap: |
$37.90 Million |
| Average Daily Volume |
208,000 |
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Share Highlight / 1-Year Stock Chart
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Business Overview
Kaminak Gold Corporation (TSXV- KAM) is a Canada-based exploration-stage company focusing on the acquisition, exploration and development of gold and other precious and base metal properties. The company has a pipeline of 16 projects in different regions across Canada. The company is active in the high profile and emerging Yukon High Gold District. Kaminak Gold controls a large land position (Coffee, Cream and Kirkman mineral claims) in the west-central Yukon, approximately 95 kilometres south of Dawson City and its current focus is the Coffee Gold Project.
+ More info
What is interesting about Kaminak Gold Corp.(V.KAM)?
- An advanced stage gold exploration company with a large exploration area in an emerging gold district. The company controls over 90,000 acres in the emerging High Gold District in Yukon.
- The current focus of the company is the Coffee Gold Project that is near Underworld Resources’ (TSXV: UW) White Gold project and has similar characteristics in terms of geology.
- The company has identified 8 Gold Trends Identified Spanning an 11km Strike Length at the Coffee Gold Project.
- Kaminak Gold’s Yukon gold projects are surrounded by good infrastructure and have easy accessibility.
- Kaminak Gold’s projects are in Canada, a relatively safe and stable mining jurisdiction.
- The recent interest in the area, as evidenced by the recent takeover of Underworld Resources (TSXV- UW) by Kinross Gold Corp (TSX-K) bodes well for companies like Kaminak.
- The company has a very active drilling plan for 2010, which consists of over 5000 meters of planned drilling, which could provide strong exploration catalysts.
- Kaminak also controls a 100% interest in the TNB platinum-palladium project, located 50 kilometres north of Thunder Bay, Ontario. The company conducted an airborne geophysical survey during 2009 and initiated a follow-up field program consisting of prospecting and sampling of geophysical targets.
- The company has a strong and stable management team with professional geologists managing the operations. The senior management of the company has significant experience in the mining industry.
- The company has good financial position with over $9 million in working capital. A strong treasury should ensure that the company continues with an active and aggressive drilling program throughout 2010 and beyond.
Risks
Kaminak Gold is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although currently well financed, Kaminak may still require additional financing. This could result in shareholders’ dilution.
Kaminak Gold Corp. News
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