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California Gold Mining Inc.
Summary
| Project: | Fremont | |
|---|---|---|
| Deposit: | Queen Specimen | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 3/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2018: California Gold Mining Inc. announces an Exploration/Drilling Update report for its Queen Specimen deposit at the Fremont project. Drilling results incl. 29.1m @ 1.25g/t Au from 241.3. 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 the third set of 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. Assays for the first six holes from the current program at Queen Specimen were announced in separate press releases dated February 8, 2018 and February 21, 2018, respectively. Today’s results advance the Company’s main objective of generating a second mineral resource on the Property covering the newly identified Queen Specimen mineralized zone. This zone is located in the northwest 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. The Company’s current NI 43-101 open pit-constrained mineral resource of 515,000 ounces grading 1.71 g/t gold in the Indicated category, and an additional 364,000 ounces grading 1.44 g/t gold in the Inferred category, only encompasses the Pine Tree-Josephine zone within the Property (the NI 43-101 Technical Report is available on SEDAR and at the Company’s website www.caligold.com). The Pine Tree-Josephine zone hosts two historical underground gold mines, and covers a strike length of roughly one kilometre, out of a total strike of four kilometres over which the Shear Zone is interpreted to extend on the Property. | |
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