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California Gold Mining Inc.
Summary
| Project: | Fremont | |
|---|---|---|
| Deposit: | Queen Specimen | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-11-2018: California Gold Mining Inc. announces an Exploration/Drilling Update report for its Queen Specimen deposit at the Fremont project. Drilling results incl. 3.4m @ 10.64g/t Au from 53.6m. 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 Property (the “Property” or “Fremont”) in Mariposa County, California. Assays for the previously drilled holes from the current program at Queen Specimen were announced in separate press releases dated February 8, 2018, February 21, 2018, March 5, 2018, April 3, 2018, April 9, 2018 and May 2, 2018, respectively. Today’s results provide additional data in support of a second shallow 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. Vishal Gupta, California Gold’s President and CEO, said, “We continue to set new records for the highest grades ever received at the Queen Specimen zone through our current resource drilling campaign. The three holes released today were designed to test the continuity of the newly discovered high-grade mineralization hosted on the hanging wall side of the Shear Zone. All three holes unquestionably achieved their design objectives, and have now solidified the core of this high-grade mineralization within the Queen Specimen zone. It must be noted that all these holes are very shallow, with the deepest of them having a down hole depth of only 242.9m. Our next objective is to demonstrate the extent of this new discovery through along-strike stepout holes, while continuing to develop a substantial shallow mineral resource for the Queen Specimen zone.” Highlights from today’s three holes 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 locations for the three drill holes, and the corresponding geological cross-sections can be viewed in Appendices A, B and C, respectively | |
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