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California Gold Mining Provides Update on Fremont Property and Management Change
California Gold Mining Provides Update on Fremont Property and Management Change (NOT FOR DI...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"California Gold Mining Provides Update on Fremont Property and Management ChangeCalifornia Gold Mining Provides Update on Fremont Property and Management Change\n(NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.)\nToronto, Ontario CANADA, August 12, 2013 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture), (\"California Gold\" or the \"Company\") today announced that it has received preliminary reports from certain independent geologists concerning the recently completed drilling work at its Fremont Property.  The reports, though preliminary, have indicated that the drilling performed to date is unlikely to be sufficient to allow the Company to finalize a current NI 43-101 estimate within the timelines originally forecasted by the Company.  The Company is actively seeking clarification from its independent geologists as to what additional drilling, if any, will be required and when a current NI 43-101 estimate can be expected.  The Company estimates that it will be in a position to provide this information by the end of November.\n  \nCalifornia Gold also announces that it has elected not to renew the contract of its Chief Operating Officer, Mr. Eric Moeller.  The Company thanks Mr. Moeller for his services to the Company.  Effective immediately, Mr. Vishal Gupta, the Company's Director, Corporate Development will assume responsibility for the planning, coordination and supervision of the Company's exploration program, including any additional drilling required, at the company's flagship Fremont gold project in Mariposa County, California.  The Company will also continue to retain the services of two independent geologists to assist with clarifying what additional work is recommended on the Fremont Property.\nMr. Gupta is a P. Geo. registered with the Association of Professional Geoscientists of Ontario.  Mr. Gupta has experience working with numerous junior exploration and development stage mining companies. Most recently he worked as an equity research analyst covering junior base metals and precious metals companies for numerous Toronto-based financial institutions including Dundee Capital Markets, ...