Kaminak Gold Corporation
Kaminak Gold Corporation is advancing the 100% owned Coffee Gold Project, a multi-million ounce, high-grade oxide gold district that is amendable to heap leaching and located in the Yukon Territory, Canada.
Kaminak Gold Corporation, TSX.V : KAM, is an opportunity focused prospect generator.
Kaminak's technical strength and entrepreneurial drive is complemented by a proven, successful business model designed to create shareholder value.
Kaminak's business model employs a joint venture strategy that exposes Kaminak shareholders to multiple opportunities for discovery. Kaminak projects offer world-class exploration potential and present exposure to strategic commodities with an emphasis on gold.
OBJECTIVE: Expose our shareholders to multiple opportunities for discovery while minimizing exploration risk!
Early-stage projects have the potential to expose our shareholders to the “Discovery Stage” – the most profitable stage of exploration and mining for an investor.
- Kaminak is opportunity driven. We generate projects that create shareholder value, and we are not restricted by commodity type or provincial region.
- Low cost (in-house) project generation
PART II: Joint Venture Philosophy
- Form strategic partnerships to advance the project
- Project partner spends their money to advance the project in order to earn an interest in the project
- Advantages of the Joint Venture Philosophy
- Allows Kaminak to generate and advance multiple projects
- More opportunities for discovery
- Minimizes exploration risk
- Preserves Kaminak’s capital and corporate structure
THE BUSINESS MODEL IN ACTION
Uranium Spin-out Complete
- Created and designed a new uranium spin-out company, Kivalliq Energy Corporation (KIV: TSX-V) to reward the Kaminak shareholder by giving them Kivalliq shares at no additional cost.
- A landmark partnership between Kaminak and the Inuit of Nunavut resulted in Kaminak being awarded the right to explore and advance the historic, high-grade, near surface Lac Cinquante Uranium Deposit which is reported to contain 11.6 million pounds of uranium oxide (non compliant with National Instrument 43-101)** with an average grade of 1.03% U3O8. This asset and Kaminak’s other uranium assets were spun-out into a new, uranium exploration and development company called Kivalliq Energy Corporation. Kaminak and now Kivalliq, is the first company in Canada to sign a comprehensive agreement to explore on Inuit lands for uranium.
- Kaminak owns and controls 3,646,753 common shares of Kivalliq, representing approximately 12.6% of the issued common shares of Kivalliq.
Effectively leveraged Kaminak’s technical talent and money to create multiple discovery opportunities
- 9 Joint Ventures
- 8 Strategic Project Acquisitions
Preserved Corporate Structure
- $6.6 million in working capital
- Last financing was in March 2006
- Monthly burn rate approx. $75,000
- No outstanding warrants
The Discovery Group is an alliance of seven companies led by some of the brightest minds in the mineral exploration industry.