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News 2006

CJGC Reports Bonanza Grades From Ranch Project

November 1, 2006

Vancouver, B.C. - Christopher James Gold Corp. (the “Company”) has completed drilling and surface sampling for this year at the Ranch Project, in the Toodoggone District of northern British Columbia.  Assay results for surface sampling and the first three drill holes have been received and are summarized below.

Company President, Dr. Max Baker, commented: “The assay results for the first three drill holes at the Thesis III Zone, confirm the presence of bonanza-grade high-sulfidation epithermal mineralization at the Ranch Project that was previously demonstrated by extensive shallow drilling in the 1980s.  The 2006 drilling indicates that the Thesis III Zone hosts a mineralized structure of at least 10 metres in true width, with a likely average grade of  more than 5 grams per tonne (“g/t”) gold (0.14 ounces per ton (“oz/ton”)), containing a high-grade core of several metres of more than 40 g/t gold (1.16 oz/ton).

“Based on this year’s results to date, and a compilation of previous drill data from the 1980s, we feel that the Ranch Project, has the potential to develop into a high-grade, multi-million ounce deposit, similar to El Indio, in Chile.  We look forward to starting a major drill program at the Ranch Project in 2007, to test the along-strike and down-dip potential of known zones of high-grade mineralization, while exploring for additional high-grade within the four mineralized structures that have been identified to date.”

DETAILED DRILL RESULTS

Assay results from the mineralized intervals of the first three drill holes follow.  The holes were drilled to a down hole depth of approximately 65 metres, to the southwest at an angle of 45 degrees to intersect the steeply-dipping Thesis III Zone:

  • Hole A06-01 - 25 metres (from 24m to 49m) @ 8.00 g/t gold (“Au”) (82 feet @ 0.23 oz/ton), including 16 metres @ 11.87 g/t Au (52.5 feet  @ 0.34 oz/ton) and 4 metres @ 40.18 g/t Au (13.1 feet @ 1.17 oz/ton)
     
  • Hole A06-02 - 38 metres (from 17.5m to 55.5m) at 7.29 g/t Au (124.6 feet @ 0.21 oz/ton), including 24 metres @ 10.75 g/t (78.7 feet @ 0.31 oz/ton) and 4 metres @ 42.75 g/t (13.1 feet @ 1.24 oz/ton)
     
  • Hole A06-03  - 14 metres (from 12m to 26m) @ 4.73 g/t Au (45.9 feet @ 0.14 oz/ton), including 3 metres @ 11.75 g/t Au (9.8 feet @ 0.34 oz/ton)

The remaining three drill holes, for which results should be available within several weeks, contained comparable thicknesses of similar alteration and mineralization.  A seventh hole, which penetrated the hanging wall of the same mineralized zone at a depth of 63 metres (down hole), was terminated because of problems with the drilling equipment.

Drill holes A06-02 and A06-05 (results pending) contain intervals with visible gold.  The Bonanza and BV Zones, which were not drilled this year, exhibit similar epithermal-type alteration to Thesis III. Based on the results of drilling in the 1980s, they are interpreted as being of similar grade to Thesis III.

The Bonanza, BV and Thesis III zones are hosted within separate structures, each with strike lengths in excess of 1000 metres.  High-grade zones of mineralization similar to Thesis III, with lengths of up to several hundred metres are developed intermittently along these structures, indicating potential for a multi-million ounce gold deposit.

2006 Surface Sampling

Surface mapping and sampling in the 2006 work program delineated two previously-untested mineralized zones and an additional structure:

  • BV South Zone: - a zone extending approximately 1000 metres to the southeast of the BV Pit.  Rock chip and panel samples of the mineralized outcrops ranged between 0.2 g/t Au and 59.7 g/t Au.
     
  • Mickey Structure: - a 780 metre long, north-south trending structure located between the Thesis III and Bonanza zones.  Mineralized outcrop is limited, with preliminary sample results ranging between 0.44 g/t Au and 80.56 g/t Au.
     
  • Bonanza West Zone: - an outcrop of mineralized andesite, surrounded by glacial till, approximately 500 metres to the northwest of the Bonanza Pit.  The outcrop is interpreted as being on strike of the Bonanza structure, indicating that the known mineralization could extend further to the northwest than previously believed.  The mineralized outcrop assayed 0.919 g/t Au.

The Ranch Project

In June 2006, the Company acquired an exclusive option to purchase all of the shares of Guardsmen Resources Inc (“Guardsmen”), the private company that holds the Ranch property and a number of other gold and base-metal projects in northern British Columbia.  Shallow drilling on the Ranch property in the 1980s defined several zones of high-grade mineralization, with typical intersections of 5 metres to 10 metres of more than 20 g/t gold.  Only the near-surface (less than 50 metres) oxide mineralization was tested systematically.

A map showing the Ranch Project zones may be viewed on the Company’s web site at www.christopherjamesgold.com.

The Company’s objectives for 2006 were to drill test previously-reported, near-surface, high-grade mineralization in the Thesis III Zone; demonstrate the likely continuation of this mineralization to depth; and explore for extensions and additions to the previously-tested zones of mineralization by surface mapping and sampling.

Quality Assurance and Quality Control (“QA/QC”)

The 2006 exploration program was conducted under the supervision of Cam Graham, M.Eng., P.Eng., a qualified person under National Instrument 43-101. Max Baker, PhD, Member, AusIMM is the qualified person responsible for the contents of this news release.

Drill core was sawn in half, with one half stored for future reference.  Sampling and assaying procedures were subject to a rigorous QA/QC program, which included insertion of standards and blanks for each batch of samples.  All samples were shipped in sealed packages to Acme Analytical Labs in Vancouver for preparation and analyses.

Intervals quoted are down-hole rather than true widths.  The Company’s belief as to the potential quantity and grade of gold mineralization at the Ranch Project is conceptual in nature, based on the results to date of drilling, sampling and geological mapping.  There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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:

  • Most notably, it has the exclusive option to acquire 100% of Guardsmen Resources Inc., a private company that owns a number of highly-prospective properties in the Toodoggone mining district in northern British Columbia, including the high-grade Ranch gold and copper project.
     
  • In Durango State, Mexico, the Company has an option to acquire up to a 65% interest in Chesapeake Gold Corp.’s Cucaracha Dorada gold project.
     
  • In Nevada, the Company is currently conducting first-phase exploration under option on the Olympic-Sun and Cedar Mountain gold and silver projects.
     
  • In southern British Columbia, it owns 100% of the copper and gold rights to the historic Craigmont mine, as well as the Brassie Creek, Big Kidd, and Portage Lake gold properties.

The Company has assembled a strong management team with extensive experience in project generation and development, a proven track record of exploration capital fundraising and extensive international alliances.

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, including, without limitation, those relating to the Company’s belief as to the number of ounces of gold that the Ranch Project may contain.  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.