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California Gold Mining Inc.
Summary
| Project: | Fremont | |
|---|---|---|
| Deposit: | Fremont | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2017: California Gold Mining Inc. announces an Exploration/Drilling Update report for its Fremont deposit at the Fremont project. Drilling results incl. 24.4m @ 2.11g/t Au from 44.2m. Toronto, Ontario – California Gold Mining Inc. (“California Gold” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Vishal Gupta (Internal) | |
| ABSTRACT: | Toronto, Ontario – California Gold Mining Inc. (“California Gold” or the “Company”) is pleased to provide an update on the status of the resource expansion drill program at its flagship Fremont Property (“Fremont” or the “Property”) in Mariposa County, California. Following the successful completion of its recently announced private placement financing for $1.2 million, the Company commenced the drill program on December 2, 2017. The main objective of the drill program is to generate a second mineral resource on the Property covering the newly identified Queen Specimen mineralized zone. This zone is located in the north-west portion of the Property, and constitutes roughly 750m of strike length, out of the total four kilometers strike of the Mother Lode shear zone (the “Shear Zone”) on the Property. For a Property map illustrating the location of the various mineralized zones, please refer to Appendix A. Vishal Gupta, California Gold’s President and CEO, said, “We are excited to initiate the second large-scale drill program at Fremont, located in the heart of Central California’s Mother Lode gold belt – North America’s original and most prolific gold rush district. The results from this drill campaign will be incorporated in a brand new mineral resource at Queen Specimen that is expected to add quite substantially to the first mineral resource at Pine Tree-Josephine published last year. We anticipate initiating at least one more resource expansion program in the second half of 2018, as we continue our bid to convert the vast exploration potential at Fremont into tangible mineral resources.” | |
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