Vancouver B.C. - Christopher James Gold Corp. (the “Company”) has commenced drilling on the Betty claims adjoining its Craigmont Copper Project, located 18 kilometres west of Merritt, B.C.
The Craigmont Mine, which produced 37 million tons of ore with an average grade of 1.28% copper up to its closure in 1982, has not been systematically explored since that time. The program will consist initially of a single deep hole, to target the contact of the unit which hosted the skarn-type mineralization at Craigmont, with the intrusive responsible for the mineralization.
Company President, Dr. Max Baker, commented: “It is a rare opportunity to have a mine with substantial past production that has not been systematically explored over the past 20 years or so. In addition, we are fortunate to have the assistance of Cliff Rennie, the former Chief Geologist of the Mine, to locate the drill hole and supervise the program.”
The Betty Claims - Craigmont Copper Project
The drilling plan on the Betty claims consists of one deep vertical diamond drill hole (CJG06-01), three kilometres (“km”) west of the historic Craigmont copper mine. The hole will test for skarn mineralization near the contact between the limestone unit that hosted the Craigmont mine and the Guichon Creek Batholith. The limestone has been traced by historic diamond drill holes and outcrop for five km through the Craigmont property to the west boundary of the Betty claims, but has not been drilled below 1250 metres (“m”) (4000 ft.) elevation in the western portion.
Hole CJG06-01 is located between two previous drill holes, where the structure has been re-interpreted to dip steeply between these holes - similar to the structures in the mine area. Information gathered from the hole will facilitate the planning of further deep drilling. If sufficient mineralization is found, the project could be developed through the re-opening of the old underground workings.
The five Betty claims comprise 16 units contiguous to the Craigmont claims, mineral leases, and fee simple surface rights. The Company has the right to earn an undivided 50% interest in the Betty claims pursuant to a Mineral Property Option Agreement (see April 20, 2005 News Release) with Bluerock Resources Ltd. (formerly Better Resources Ltd.).
The Craigmont mine was developed by Placer Development Limited in the 1950s and ‘60s by open pit and three underground adits at 1067 m (3500 ft.), 933 m (3060 ft.), with the mill elevation at 732 m (2400 ft.). The mine milled 36 million ton of 1.3 % copper from 1961 to 1981. Original reserves (non NI 43-101 compliant) were 1.8 % to 2.00 % copper but were diluted by the inclusion of low grade ore from the open pit, and by the highly diluting sub-level caving underground mining method. A vertical hole through the No.1 ore body averaged 4.4% copper over 195m (640 ft.) and a hole across the No.2 ore body averaged 6.0% copper over 36.6 m (120 ft.).
Other Matters
Separately, the Company expresses its appreciation to Brian Groves who has stepped down as a director for personal reasons. Mr. Groves served as a director of the Company since October 2004 and provided able technical and business counsel to the Company during his tenure.
The Company also reports that it has withdrawn from the Valle Grande Project, in Argentina, having concluded its initial exploration and review of the project. As announced December 15, 2005, the Company had the right to earn up to a 60% interest in the project.
Quality Assurance and Control
This news release was prepared under the supervision of Dr. Max Baker, PhD, the Company’s President and a “qualified person”, as that term is defined in National Instrument 43-101 (“NI 43-101”) of the Canadian Securities Administrators.
About Christopher James Gold Corp.
Christopher James Gold Corp. is a Canadian mineral exploration company trading on the TSX Venture Exchange, under the symbol “CJG”.
The Company holds interests in a large portfolio of gold projects in British Columbia, Nevada and Mexico:
The Company has assembled a strong management team with extensive experience in project generation and development, a proven track record of exploration capital fund-raising, and extensive international alliances.
Visit our website at www.christopherjamesgold.com
Christopher James Gold Corp.
Dr. Max Baker, President
FURTHER INFORMATION
Christopher James Gold Corp.
Dr. Max Baker, President
John Glanville, Investor Relations
Tel: 604 408 8829
Email: info@christopherjamesgold.com
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled “Risk Factors” in the Company's periodic filings with the British Columbia Securities Commission, which can be viewed at www.SEDAR.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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