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News 2007

Christopher James Gold Acquires the Lawyers Gold Project

August 29, 2007

Vancouver, B.C. - Christopher James Gold Corp (CJG â€" TSX.V) (the “Companyâ€) announces that the Lawyers Gold Project (the “Lawyers Projectâ€) has been acquired by Guardsmen Resources Inc., (“Guardsmenâ€) and now forms part of the portfolio of projects available to the Company under its ongoing option to acquire 100% of the shares of Guardsmen.

The Lawyers Project is located approximately 20 km southeast of Guardsmen’s Ranch Project in the Toodoggone District of Northern B.C.  At the time of the commencement of mining at the Lawyers Project in 1989, proven and probable project reserves were estimated to be 1,037,600 tonnes grading 7.2 grams per tonne (“g/tâ€) gold and 260 g/t silver.

Between 1989 and 1992, Cheni Gold Mines Inc. produced approximately 173,678 ounces of gold and 3,638,934 ounces of silver from 619,869 tons of ore (all but 50,000 tonnes of which came from the Lawyers Project).  The Phoenix Zone, which was discovered and mined in 1992, contained a total of 4,852 tonnes of ore at a calculated head grade of 46.2 g/t gold and 2155.8 g/t silver.

Company President and CEO, Dr. E. Max Baker, commented: “We are very pleased to add the Lawyers Project to our exploration portfolio in the Toodoggone District.  Our initial exploration objective will be to evaluate the potential for larger zones of lower-grade, bulk-tonnage stockwork/breccias-hosted mineralization.  In addition, we believe that there remains potential for the discovery of additional smaller-tonnage, high-grade vein zones.â€

The Company is currently acquiring and reviewing previous data and hopes to drill-test specific targets on the Lawyers Project during the 2008 field season.

Details of the Lawyers Project

The project consists of at least three mineralized vein/stockwork/breccia zones hosted within the Lower Jurassic Toodoggone Formation that, in the mine area, comprises a lower quartz-andesite crystal tuff overlain by trachyandesite volcanics.  The mineralization is low-sulfidation epithermal in nature, consisting of banded chalcedony and quartz with acanthite, native gold, electrum, pyrite and minor sphalerite, galena and chalcopyrite.  The nature of mineralization changes from discrete high-grade veins in the lower andesitic unit to more extensive brecciation and argillic alteration within the overlying trachyandesite volcanics with widths of as much as 50 metres.  Historical exploration focused on the high-grade vein potential of the area.

The three principal zones of mineralization that have been defined and partially mined to date are: the AGB zone, with a strike length of at least 548 metres and a width of up to 12 metres: the Cliff Creek zone, with a strike length of at least 1,609 metres; and the Duke Ridge zone, which extends for at least 1,219 metres and is a cross structure between the Cliff Creek and AGB zones.

In 2004, Bishop Gold Inc. (“Bishopâ€) completed a trenching program at the Lawyers Project that exposed a 300 to 400 metres long vein system, northwest and along strike from the Silver Pond (South).  On February 15, 2005, Bishop announced a small resource for the Cliff Creek and Duke Ridge Zones with average grades of approximately 7 g/t gold and plus 200 g/t silver, indicating the likely grade of ore remaining in the known structures.

Overview of Investments

The Company currently has approximately $7.5 million in cash and cash equivalents.  None of its funds is held in asset backed commercial paper, the value of which has been adversely affected by recent uncertainty in the global credit markets.

Resignation of Director

Marc Sandercombe has resigned as a director of the Company to pursue other ventures.  The Company expresses its appreciation to Mr. Sandercombe for his service.

Quality Assurance and Control

Reserves estimates and mineral production data relating to the Lawyers Project are historical and representing ore which has already been mined.  These data are believed to be reliable; however, they pre-date and are not compliant with National Instrument 43-101 (“NI â€" 43-101â€) of the Canadian Securities Administrators and have not been independently verified by the Company.  They are provided for indicative purposes only and should not form the basis of an investment decision.

This news release was prepared under the supervision of Dr. E. Max Baker, PhD, a “qualified person†as that term is defined in NI 43-101.

About Christopher James Gold Corp.

Christopher James Gold Corp. is a Canadian mineral exploration company trading on the TSX Venture Exchange, under the symbol “CJGâ€.

  • 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 northern British Columbia, including the Ranch and Lawyers properties.
  • In Durango State, Mexico, the Company has an exploration office with three full-time geologists and is actively reviewing projects, while it completes this year’s program on the Cucaracha Dorada gold project, under option from Chesapeake Gold Corp.
  • In southern British Columbia, the Company owns 100% of the copper and gold rights to the historic Craigmont mine, in addition to 100% ownership of the Brassie Creek, Big Kidd, and Portage Lake gold properties.
  • In Nevada, the Company has recently completed a three-hole drill program to test for Carlin-type mineralization beneath pediment cover at the Garcia Flats project.  Alteration with anomalous geochemical values was intersected in the carbonate rocks and samples have been submitted for petrographic analysis to determine the stratigraphy and style of alteration. 

Christopher James Gold Corp.
Dr. E. Max Baker, President and CEO

FURTHER INFORMATION

Dr. E. Max Baker, President and CEO
John Glanville, Investor Relations
Tel: 604 408 8829
Visit the Company’s website at www.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 “mayâ€, “shouldâ€, “expectsâ€, “plansâ€, “anticipatesâ€, “believesâ€, “estimatesâ€, “predictsâ€, “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 news release.