Christopher James Gold Corp. ("CJGC or the "Company) announces that, due to the discouraging results from the 2007 drill program on the Ranch Project, the Company has decided not to continue with the option agreement signed in June 2006, which gave the Company control of the property through the purchase of Guardsmen Resources Inc (Guardsmen).�
Drill results from the first 29 drill holes at the Ranch completed in the third quarter of 2007, indicated that mineralization at the Bonanza Zone, one of three principal areas of known mineralization at the Ranch, did not extend laterally beyond the limits shown by previous drilling. Furthermore mineralization did not extend vertically for more than 75 metres below the current surface (see News Releases� August 14, 2007 and September 26, 2007).� The results from �the Thesis II, Thesis III and Mickey Zones were also discouraging.�
Company President Dr. E Max Baker commented; "The Company's exploration philosophy is to continue evaluating exploration targets which have potential for far larger resources than the Ranch Property demonstrated.� In the meantime we are focusing on the Little Fort and Big Kidd properties.
"During 2007 we worked on our Little Fort projects, a 4300 hectare package 5 km southwest of Newmac's Crazy Fox tungsten-molybdenum project.� CJGC has delineated an area of anomalous copper, gold, molybdenum, with values of up to 10 g/t gold, and 0.12% molybdenum, in the northeast part of our property, the area closest to the Crazy Fox prospect. �In addition, Candorado Operating Co. have been intersecting significant gold and copper values in skarns, immediately south of our Little Fort property.
"The detailed airborne magnetic and electromagnetic surveys flown by the Company in 2007 show that the sedimentary package which hosts the skarn mineralization on the Little Fort property extends for approximately 3000 metres of strike length (see www.christopherjamesgold.com for more details).� A number of high-priority skarn-type targets identified from the detailed magnetic data will be trenched during the 2008 exploration season.
"The Company will also re-evaluate data from the Big Kidd project situated south of Merritt, B.C., �emphasizing the potential for high-grade gold mineralization adjacent to the large low-grade gold-bearing breccias body discovered by previous operators. "
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 has over $5 million in treasury and is well-funded to explore its portfolio of gold projects in British Columbia and Nevada.� In southern British Columbia, the Company owns 100% of the copper and gold rights to the historic Craigmont mine, as well as the Brassie Creek, Big Kidd, and Little Fort gold properties.� The Company is actively pursuing other advanced gold exploration projects, through JV and/or acquisition.�
Visit the Company's website at www.christopherjamesgold.com.
Christopher James Gold Corp.
Dr. E. Max Baker, President and CEO
FURTHER INFORMATION
Christopher James Gold Corp.
Dr. E. Max Baker, President and CEO
John Glanville, Investor Relations
Tel: 604 408 8829
Email: info@christopherjamesgold.com
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.� The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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