Enter your name and email address to receive Gunpoint newsletters

Your Name:
Email Address:

News 2005

The Board of Directors of Christopher James Gold Corp (the "Company") is pleased to announce the commencement of a drilling program at the Craigmont Mine near Merritt, BC. Following the successful completion of an extensive geophysical program combining magnetics and surface and "downhole" IP programs, the drill program is the second stage of a One Million ($1,000,000.00) Dollar exploration program intended, ultimately, to examine the feasibility of the recommencement of commercial mining operations at the Craigmont Mine.

Upon completion of the geophysical program, a large, highly resistive body; - possibly a skarn, - was identified in the Embayment Block of the Craigmont Mine Site. The geophysical data was processed using "state of the art" three dimensional inversion, an enabling technology that permits the development of a 3D image showing the nature, extent, orientation and character of anomalous zones and, thereby identifies prospective drill targets.

A series of up to three drill holes are designed to test the extent of the zone of skarn mineralization. Previous drilling, undertaken while the mine was in production, produced intersections of 490 feet of 0.41% Cu; 184 feet of 0.88% Cu; and 30 feet of 2.56% Cu. These values were reported prior to NI 43-101 standards*.

The balance of the drilling program, consisting, in total, of 9 holes and 2000 metres, will test 4 other targets identified during the geophysical program. Four of these are previously untested shallow drill targets. Prospective areas for follow-up programs will be identified.

The depth of the 9 holes are expected to range from approximately 100 metres to more than 500 metres in the eastern Embayment Block Area.

Jeff Stibbard of JDS Energy & Mining Inc. (Kelowna) will coordinate drilling activities and logistics in field. Spencer Coutlee of SCS Drilling (Kamloops) will provide drilling services. Drill core from the program will be sampled and prepared for analysis according to industry standards and sent to Eco Tech Laboratories (Kamloops) for 30 gram fire assay with AA finish for gold and platinum and Aqua Regia digest for palladium along with a full 28 element ICP analysis. The entire project will be managed by Garth Kirkham, P. Geoph of Kirkham Geosystems Ltd. (Vancouver) the "qualified person" who has reviewed and approved this news release.

Background & History

By Mineral Property Option Agreement dated April 2, 2004 between the Company and Craigmont Mines Ltd., the Company acquired the option to explore, develop and acquire the base and precious metal resources upon the mineral claims, mining lease and fee simple titles comprising the formerly operating Craigmont Mines property. Under the Agreement, upon exercise of the option, the Company would be entitled to all base and precious metal resources while Craigmont retains all rights to magnetite, hematite and other industrial mineral resources. To maintain the option, the Company is obliged to expend not less than $500,000.00 (Five Hundred Thousand) Dollars upon exploration and development activities in each of the initial two years. Exercise of the option is achieved and the Company becomes owner of all base and precious metal resources upon the production of a Bankable Feasibility Report recommending the initiation, once again, of mining operations. In the event of the re-initiation of commercial mining operations, Craigmont is entitled to a royalty calculated as 2% of Net Smelter returns if, and only if, a copper resource or resources are identified exceeding, in aggregate, 300,000 tons of ore having an average grade of not less than 1% copper equivalent. The Company has the right to purchase half of Craigmont's royalty entitlement (1% NSR) for the price of $1,000,000.00 (One Million) Dollars.

The Craigmont Mine was shut down in 1982 as a policy decision of management. Over its operating life, the mine produced 36,750,000 tons of ore averaging 1.28% copper. Immediately prior to closure, with copper selling $0.60 per pound, the mine was operating profitably. Management's criteria for assessing additional mineral resources were inherently limiting including a 0.7% Cu grade cut off, severe depth limitation and the assumption that no new capital would be spent to retool facilities to permit processing different ore types.

Given the rationale for closure, the data available respecting existing reserve potential, the current price of copper, and available new technologies, the Company is very positive about the potential presented by this project. The fact that the site is currently licensed for mining operations removes prospective barriers and diminishes the prospective gap between the potential production of a Feasibility Study and the initiation of mining activities.

Christopher James Gold Corp, in addition to its option upon the Craigmont Mines property holds a 100% ownership interest in four other British Columbia mineral projects namely, Big Kidd (alkalic porphyry Au; Cu) Brassie (polymetallic skarn and manto Ag, Au, Cu, Pb, Zn, Fe): Portage Lake (vein and potential VMS Cu, Ag, Au); Worldstock (porphyry Cu, Au). The Kamloops based company is actively exploring financing and partnership arrangements to advance each of its projects.

On Behalf of the Board,
"Ab Ablett"

Albert Ablett, President & CEO

visit: www.christopher

Kamloops, B.C.
Tel: (250) 374-3737
Fax: (250) 374-0035

(*Note: This data is historical in nature and was compiled before the implementation of National Instrument 43-101 reporting standards. Investors are cautioned that recent independent verification of the data has not been performed and the Company has not completed sufficient exploration to verify the historical resource and reserve estimates. The Company is not treating the historical estimates as National Instrument defined resources or reserves verified by a qualified person and the historical estimate should not be relied upon.)

Forward Looking Statements. This Company press release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

For further information contact:
Albert A. Ablett President (250) 573-3111;