June 26, 2007
Vancouver, B.C.
- Christopher James Gold Corp. (CJG: TSX.V, the "Company") has commenced first-phase drilling at the Garcia Flats gold project, located at the southern extension of the Carlin Trend, in north-central Nevada. The Company has the option to acquire up to 70% of the Garcia Flats project from Harvest Gold Corp. (TSXV-HGV, "Harvest").
Company President, Dr. E. Max Baker, commented: "The Garcia Flats gold project is the type of highly-prospective, drill-ready project in a mining-friendly district that we are keen to get involved in and that we have the ability to explore expeditiously. The project is supported by good exploration data, which has identified three large geochemical anomalies that display characteristics similar in both direction and extent to existing ore trends found in major Carlin-style, gold-bearing systems. We are excited by the potential of the property to host another multi-million ounce Carlin-style deposit."
Details of the Drilling Program
The Company has contracted Lang Exploration Drilling to conduct this first-phase drill program. A flooded reverse circulation drill rig will be used to complete up to six holes, totaling up to 2,000 metres (6,400 feet). Initial drill testing of the Garcia Flats property will focus on locating evidence of mineralization in the units underlying the pediment cover. Three sizeable target zones have been developed with dimensions ranging up to 1,000 metres (3,280 feet) in width and 3,500 metres (11,480 feet) in length, comparable in size to the larger Carlin-style gold systems in Nevada.
The drill holes will test the Eastern and Central anomalies to a maximum depth of approximately 650 metres (2,000 feet). The Eastern anomaly is approximately 1,000 metres (3,280 feet) wide and at least 3,500 metres (11,480 feet) long. The Central anomaly is 600 metres (1,968 feet) wide and at least 1,800 metres (5,900 feet) long. These anomalous zones are adjacent to an interpreted buried intrusion in the southern portion of the claim block and have been defined by a combination of enzyme-leach soil geochemistry, gravity, and magnetic data.
The Garcia Flats project comprises 250 unpatented mining claims covering approximately 20 sq. km. (approximately 5,000 acres) in two claim blocks within a covered pediment setting. Permitting for this drill program has been completed and the program has received approval from the Bureau of Land Management.
Christopher James Gold has the option to earn an undivided 70% interest in the property by expending a total of $2,500,000 on exploration and issuing a total of 225,000 shares to Harvest over three years, including expenditures of at least $500,000 in the first year. Harvest is the operator of the project.
Quality Assurance and Control
This news release was prepared under the supervision of E. Max Baker, PhD, the Company's President and a "qualified person" as that term is defined in National Instrument 43-101 of the Canadian Securities Administrators. This news release contains geological concepts which should be considered speculative in nature. While the Company feels there is adequate justification to warrant the expenditure required to explore for Carlin-style mineralization at the Garcia Flats project, there is no guarantee of success.
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 $11 million in treasury and is well-funded to explore its 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 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 65% in Chesapeake Gold Corp.'s Cucaracha Dorada gold project.
- In Elko County, Nevada, the Company has an option to acquire up to 70% in Harvest Gold Corp.'s Garcia Flats gold project.
- 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.
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
Visit the Company's website at www.christopherjamesgold.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.