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California Gold to Commence Metallurgy-Dedicated Phase II Drill Program at its Flagship Fremont Project
California Gold to Commence Metallurgy-Dedicated Phase II Drill Program at its Flagship Fremon...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"California Gold to Commence Metallurgy-Dedicated Phase II Drill Program at its Flagship Fremont ProjectCalifornia Gold to Commence Metallurgy-Dedicated Phase II Drill Program at its Flagship Fremont Project\n\nToronto, Ontario CANADA, December 09, 2013 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture), (\"California Gold\" or the \"Company\") is pleased to announce that following the previously concluded Phase I drill program, the Company is poised to commence its Phase II drill program at its flagship Fremont Project (the \"Project\") in Mariposa County, California.\n\nThe Phase II drill program is scheduled to start on December 13, 2013 and is expected to be completed by mid-January, 2014. The program will consist of six to eight holes totalling 3,000 - 4,000 ft of diamond drilling. The main objectives of the drill program are as follows:\n\n- To generate enough representative rock material from each of the three metallurgical domains that have been recently identified at the Project in order to initiate preliminary economic analysis (PEA)-level metallurgical testing. The metallurgical domains are described below.\n\n- To help increase the confidence in the geological and gold-grade continuity within the Pine Tree-Josephine deposit, which is the most advanced of the four deposits at the Fremont project. The other three deposits are Queen Specimen-Succedo, Chicken Gulch and Crown Point.\n\nThe completion of the Phase II drill program, and the subsequent metallurgical test work, is considered by Company management to be a major milestone in the development of the Project. The results of the metallurgical testing will be used to identify potentially viable processing technologies suitable to the different ore types at the Project.  Additionally, the results will be used as a stepping stone for an eventual process flow-sheet for the Project. The Phase II drill program is not intended, and will not be sufficient by itself, to generate a maiden NI 43-101 compliant resource estimate for the Project. Provided sufficient funds are available, the Company anticipates being in a position to commence a third phase of drilling following satisfactory completion of Phase II drilling. Results from the Phase III drill program, along with results from the Phase I program, the Phase II program, and the extensive historical drillin...