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California Gold Announces Continued Positive Assays from Resource Drilling at Queen Specimen Zone - Intersects 28.4 m of 1.22 g/t Au, Including 6.3 m of 2.66 g/t Au at Its Fremont Gold Project
TORONTO, ON / ACCESSWIRE / February 21, 2018 / California Gold Mining Inc. (OTCQX: CFGMF) (T...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"California Gold Announces Continued Positive Assays from Resource Drilling at Queen Specimen Zone - Intersects 28.4 m of 1.22 g/t Au, Including 6.3 m of 2.66 g/t Au at Its Fremont Gold ProjectTORONTO, ON / ACCESSWIRE / February 21, 2018 / California Gold Mining Inc. (OTCQX: CFGMF) (TSXV: CGM) (\"California Gold\" or the \"Company\") announces the second set of assay results from the recently commenced 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 three holes from the current program at Queen Specimen were announced in a press release dated February 8, 2018.\nToday'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 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.\nThe 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.\nVishal Gupta, California Gold's President and CEO, said, \"We continue to see results that support our long-term plans for the Fremont Project. The consistency with which we are intersecting mineralization at Queen Specimen demonstrates the robustness of the Project. Not only do today's results correlate extremely well with previously released assays from Queen Specimen, but to-date the overall style and tenor of mineralization at Queen Specimen match that of the Pine Tree-Josephine zone in a very consistent way. These continued successful results from Queen Specimen give us a lot of confidence that the eventual near-surface mineral resource at this new zon...