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California Gold Mining Inc.
Summary
| Project: | Fremont | |
|---|---|---|
| Deposit: | Queen Specimen | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: California Gold Mining Inc. announces an Exploration/Drilling Update report for its Queen Specimen deposit at the Fremont project. Drilling results incl. 19.3m @ 2.06g/t Au from 77.4m. Toronto, Ontario – California Gold Mining Inc. (“California | |
| Resources: | (Resource): 515Koz Au (Ind.) and 364Koz Au (Inf.) contained at project | |
| CP/QP: | [Overall Report]: Vishal Gupta (Internal) | |
| ABSTRACT: | Toronto, Ontario – California Gold Mining Inc. (“California Gold” or the “Company”) announces new assay results from the ongoing resource drilling program at the Queen Specimen zone at its flagship Fremont Project (the “Project” or “Fremont”) in Mariposa County, California. Today’s assays further advance the Company’s main objective of generating a second shallow mineral resource at the Fremont Property (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. Vishal Gupta, California Gold’s President and CEO, said, “We are very excited about finding visible gold in the drill hole released today. This is the first reported instance of visible gold in the Queen Specimen zone, and it reinforces our belief that this zone is as strongly, if not more, mineralized as the Pine Tree-Josephine zone where our current NI 43-101 compliant mineral resource is hosted. Once again, quite like the previous two press releases published on April 3rd and April 9th, 2018, we have received some very high-grade assays from the hanging wall contact of the Shear Zone. The widths and grades that are now being very consistently intersected at the Queen Specimen zone lead us to believe that once the resource drilling program at this zone is complete, we will have a very substantial addition to our current mineral resource on the Property.” Highlights from today’s drill hole at Queen Specimen are displayed in the following table. A map depicting the location of the major mineralized zones at Fremont, the plan-view collar location for this latest drill hole, and the corresponding geological cross-section can be viewed in Appendices A, B and C, respectively. Images depicting the visible gold mineralization in drill core can be viewed in Appendix D. | |
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