California Gold begins drilling at Fremont property
CALIFORNIA GOLD Mining Inc. has provided an update on the status of the resource expansion drill program at its flagship Fremont property in Mariposa county, California.
The main objective of the drill program is to generate 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 750 metres of strike length, out of the total four-kilometre strike of the Mother Lode shear zone on the property.
Vishal Gupta, California Gold’s president and chief executive officer, said: “We are excited to initiate the second large-scale drill program at Fremont, located in the heart of central California’s Mother Lode gold belt — North America’s original and most prolific gold rush district. The results from this drill campaign will be incorporated in a brand new mineral resource at Queen Specimen that is expected to add quite substantially to the first mineral resource at Pine Tree-Josephine published last year. We anticipate initiating at least one more resource expansion program in the second half of 2018, as we continue our bid to convert the vast exploration potential at Fremont into tangible mineral resources.”
The current drill program is expected to be completed in the second quarter of 2018. It will consist of 60 to 65 HQ-sized (2.5-inch diameter) diamond drill holes, totalling 10,500 m to 12,000 m, with an average drill hole length of 180 m.
The company’s current National Instrument 43-101 mineral resource of 515,000 ounces grading 1.71 grams per tonne 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 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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Erika Flores condensed this news release ([email protected]watch.com).
Kevin Cinq-Mars, Patrick Joseph Cronin, Vishal Gupta, Larry Elias Phillips, Scott M Rasenberg, William Ralph Tomlinson
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