Does this CJG deal include a working mill or a mothballed mill. Anybody know any details? Thanks, Michael
Christopher James Gold Acquires the Lawyers Gold Project
Vancouver, B.C. - Christopher James Gold Corp (CJG – TSX.V) (the “Company”) announces that the Lawyers Gold Project (the “Lawyers Project”) has been acquired by Guardsmen Resources Inc., (“Guardsmen”) 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/t”) 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.”
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. (“Bishop”) 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. |
