VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/24/11 — Choice Gold Corp. (CNSX: CHF) (“Choice Gold” or the “Company”) is pleased to announce that the Quantec Titan 24 deep penetrating induced polarization (IP) survey recently performed at its Sugarloaf Peak Gold Project has revealed a large high chargeability anomaly that extends underneath and outside the historically delineated gold resource. This chargeable zone is observed between the survey-limited depths of 200 to 600 metres. The anomalous zone has a strike length of approximately 2,500 metres and reaches a width of up to 1,000 metres in its central part. We invite the reader to refer to the following link for more information and diagrams illustrating the Titan 24 results: choicegoldcorp.com/sugarloaf-peak/quantec-titan– .. : . Simultaneously to the IP survey, a magnetotellurics (MT) survey was performed and indicates the presence of major deep structures believed to play a role in the gold mineralizing event.
Choice Gold now plans to expand its 2011 diamond drill program at Sugarloaf Peak to beyond the previously announced 10,000 metres in order to test this target and verify the extension of the surficial mineralization at depth.
“We are very excited by the results of the Titan 24 survey, which was undertaken to explore the possibility of expanding the boundaries of known mineralization along strike and at depth,” said Gianni Kovacevic, Choice Gold’s President & CEO. “These results will allow us to more effectively locate drill holes and we’re eager to test the potential for this anomaly to help Sugarloaf Peak grow beyond what the historical, non-NI 43-101 compliant resource calculation had estimated.”
Brigitte Dejou, P.Eng., Choice Gold’s Manager of Exploration, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein.
About Choice Gold Corp.
Choice Gold Corp. was created to acquire and advance select, high-potential mineral projects and thereby unlock shareholder value. With this goal in mind, the company has entered an option agreement with Riverside Resources Ltd. (TSX VENTURE: RRI) to acquire a 100% interest in the Sugarloaf Peak Gold Project just west of Quartzsite, Arizona. Sugarloaf Peak covers over 24 km2 and was the subject of intermittent drilling and small-scale mining from the 1950’s through to the 1990’s. The project is the subject of an historical, non-National Instrument 43-101 compliant mineral resource and Choice Gold has a mandate to prove its economic viability. For more information about Choice Gold please visit our website at www.choicegoldcorp.com : .
Certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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Choice Gold Corp.
President & CEO
Choice Gold Corp.
Senior Vice President