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News 2006

CJGC Acquires Option on Chesapeake Gold's Cucaracha Dorada Gold Property in Durango, Mexico

June 15, 2006

Christopher James Gold Corp. (the “Companyâ€) has reached agreement with Chesapeake Gold Corp. (“Chesapeakeâ€) to acquire up to a 65% interest in the Cucaracha Dorada gold project located in southern Durango State, Mexico.

Cucaracha Dorada is low-sulphidation epithermal gold system comprising multiple veins, stockworks and breccia zones associated with a major regional fault.  Exploration conducted by Chesapeake in 2004 confirmed the presence of surface gold mineralization over at least 1.2 kilometres of a larger regional structure.

Company President, Dr. Max Baker, commented, “Cucaracha Dorada is a new, drill-ready epithermal gold system with surface results indicative of a potentially economic deposit. We intend to commence drilling before the end of the year.  Our agreement with Chesapeake, which includes an exclusive opportunity, under a working alliance, to option projects offered for joint venture by Chesapeake in both Durango and Chihuahua States, provides the Company with a unique opportunity to expand outside of British Columbia, without many of the risks and costs normally associated with commencing exploration in another country.â€

The Cucaracha Dorada Project

The Chesapeake exploration program in 2004 consisted of detailed surface mapping, geochemical sampling, mechanized trenching and an induced polarization (“IPâ€)/resistivity survey.  The bulk of outcropping mineralization was discovered in the North and South Zones, situated approximately 900 metres apart.  The resistivity and chargeability results indicate that the North and South Zones are a continuous zone.  The survey also indicated that the major mineralized trend remains open both to the north and south.

The South Zone is an area 300 metres by 400 metres that contains multiple mineralized veins and stockwork zones including a broad, sub-vertical, north-south vein system.  Rock chip samples and trenching results across this wide structure returned significant gold grades, including 15 metres of 5.1 grams per tonne (“g/tâ€), 20 metres of 2.2 g/t, 9 metres of 13.6 g/t, 34 metres of 1.2 g/t and 35 metres of 1.2 of g/t gold.

The North Zone, situated 900 meters away and 150 meters lower in elevation than the South Zone, is centered on an area of 300 metres by 500 metres.  In this area, much of the vein swarm corridor is covered with a veneer of colluvium restricting continuous channel sampling.  Ten rock chip samples collected along a 500 metre-long section of the Zone returned gold values ranging between 2 g/t and 34 g/t over minimum channel widths of 2 metres.  Two mechanized trenches in between the North and South Zones, returned intervals of 34 metres of 1.20 g/t gold in one and 35 metres of 1.15 g/t gold, indicating near-surface continuity of mineralization between the North and South Zones.

The Option Agreement

To earn an initial 51% interest in the property, the Company must pay Chesapeake US$100,000 and issue it 800,000 common shares of Company during the first year of the agreement, and either pay an additional US$250,000, or issue an additional 500,000 common shares, on each of the second and third anniversaries of the agreement.  The Company must also incur exploration expenditures totaling US$3 million over four years, US$500,000 of which must be incurred during the first year of the agreement.

The Company can earn a further 14% interest in the property by either completing a bankable feasibility study, or incurring additional exploration expenditures of US$7 million, during the five year period following the acquisition of its initial 51% interest.

The option agreement provides the Company with a right of first refusal on any other mineral exploration projects in the States of Durango and Chihuahua which Chesapeake may wish to offer to third parties during the option period.  The Company will have 30 days in which to accept the option terms specified by Chesapeake in respect of any such project.

The property is subject to a 2% net smelter return royalty in favor of the original owner, one-half of which may be purchased for US$1.0 million.  The option agreement is subject to completion by Christopher James of a due diligence review of the project and receipt of regulatory approval.

About Christopher James Gold

Christopher James Gold Corp. is a Canadian mineral company trading on the TSX Venture Exchange under the trading symbol “CJGâ€.  The Company owns 100% of the copper and gold rights to the historic Craigmont mine, in southern British Columbia.  It also holds a portfolio of 100% owned gold projects in British Columbia, including the Brassie Creek, Big Kidd and Portage Lake properties, and is currently conducting first phase exploration under option on the Valle Grande project in Catamarca Province, Argentina and the Olympic-Sun and Cedar Mountain projects in Nevada.

The Company has assembled a strong management team with the extensive experience in project generation and development, a proven track record of exploration capital fundraising and extensive international alliances.  Plans for 2006 include the continued exploration of its British Columbia projects and an active program of project generation and assessment in North and South America.

You are invited to visit out web site at

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 - 43-101â€) of the Canadian Securities Administrators.  While the results of previous exploration conducted by Chesapeake reported herein are believed to be accurate, the exploration work to which they relate was not supervised by the Company.

Christopher James Gold Corp.
Max Baker, President

Christopher James Gold Corp.
Max Baker, President
John Glanville, Investor Relations
Tel: 604 408 8829

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

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