Enter your name and email address to receive Gunpoint newsletters
Christopher James Gold Corp. (“the Company”) (TSX.V:CJG) announces that exploration work is continuing at its Big Kidd Project, located 30 km. southwest of Merritt, B.C:
The Big Kidd Area was worked on a small scale during the early 1900’s, with the focus being narrow high-grade quartz-carbonate -sulphide veins carrying high grade copper-silver-gold mineralization. During this period, the Big Sioux zone reportedly produced 41 tons of ore grading 12% copper, 68g/t silver and 0.57g/t gold. The Golden Sovereign vein reportedly produced 10 tons of ore grading 4.5% copper during the same period. Rock-chip samples of vein mineralization in the Big Sioux – Big Kidd area have returned values typically ranging between 1 and 7 g/t gold, with the highest value to date being 32.6 g/t gold from a sulphide rich fracture zone south of Big Sioux.
Early exploration drilling and trenching by Noranda in 1956, and Amax in the 1970s produced intercepts in the 0.1 to 0.4% copper range at both Big Sioux and Big Kidd. The intercepts were not analyzed for gold. Subsequent work by Placer Dome in 1992, and Christopher James in 1997-2003 led to the recognition of Big Kidd as a breccias pipe with an alkaline porphyry copper-gold affinity, similar to the nearby Copper Mountain Deposit. Drilling of the breccia pipe has resulted in the definition of three tabular zones of mineralization each approximately 50m wide, 200m long and delineated to a depth of 250m below surface, with average grades of approximately 0.13% Cu and 0.4g/t Au. Mineralization has not been closed off at depth, and the intercepts from several of the deeper holes suggest that the grade could be increasing with depth (EG: PDI92-01 (71m @ 0.75g/t Au and 0.20% Cu), BK97-04 (59.56m @ 0.93g/t Au and 0.18% Cu).
Meanwhile, at the nearby Craigmont Mine Property, located 15 km. northwest of Merritt, B.C., Christopher James Gold Corp has compiled all surface drill data into a digital data base as part of its continuing assessment of the area. Craigmont was shut down in 1982, at a time when the copper price was approximately $0.60 per pound, reportedly resulting in 50 million pounds of copper ore being left in a sub-level cave. A further consequence of the shut-down was that several remaining exploration targets, one of which reportedly contained 269,260 tons of ore grading 1.68% copper, were not adequately explored at the time. Over its operating life, the mine produced 36,750,000 tons of ore averaging 1.28% copper, making the surrounding area an attractive exploration play. Unfortunately, most of the exploration data for Craigmont was lost when the mine was closed making it necessary for Christopher James to basically start from scratch using the recently completed drill -hole data base. Work this year will focus on understanding the distribution and importance of the various structures, intrusive plugs, and calcareous units which are particularly favorable for the development of additional skarn mineralization. A limited program of reconnaissance soil and rock survey on the under-explored and western-most section of the property is also planned.
Christopher James Gold Corp has approximately $ 2.3 million in funds and is actively pursuing quality projects in North and Central America which are sufficiently prospective and advanced to warrant a concerted exploration program.
Christopher James Gold Corp presently has six advanced stage mineral exploration properties situated in British Columbia known as Big Kidd, Brassie, Little Fort, Copper Creek, and Craigmont projects.
The Company is a reporting issuer in British Columbia and Alberta, and trades on the TSX Venture Exchange under the symbol CJG. Please visit www.christopherjamesgold.com
This news release was prepared by E. Max Baker, President and CEO of Christopher James Gold Corp.
On behalf of the Board,
Max Baker
FURTHER INFORMATION
Christopher James Gold Corp.
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.
