California Gold Intersects 8.2 M of 4.43 G/T and 11.4 M of 2.70 G/T at its Fremont Gold Project

TORONTO, ONTARIO -- May 30, 2016 / California Gold Mining Inc. ("California Gold" or the "Company") announces new assay results from the Company's recently completed Phase III drill program at its flagship Fremont Project (the "Project") in Mariposa County, California.

 

Vishal Gupta, California Gold's President and CEO, said, "We have now released the complete set of assay results from the infill component of the Phase III drill program at Fremont. We are extremely pleased with the consistency with which the mineralized zone has been intersected on every section of infill drilling during this campaign."

 

Mr. Gupta goes on to say, "The four holes released today were all deep holes drilled substantially below the previous depth of drilling at Fremont. We are delighted that these deep holes have all successfully intersected the same mineralized structure as the shallow holes, demonstrating significant depth extension to the gold-bearing zone. The first resource estimate for the Project is expected to be released in a few weeks. In the meantime, we are excited for the upcoming assay results from the exploratory drilling at some of the newly discovered mineralized zones at Fremont."

 

This press release discusses the assay results and corresponding geological interpretation for four holes of the Phase III drill program, namely DD-15-053, 055, 057 and 060. Highlights from these four holes are displayed in the following table. The plan-view collar locations and interpreted geological cross-sections for all four holes can be viewed in Appendices A and B of this press release, respectively.