VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 07/14/11 — Choice Gold Corp. (CNSX: CHF) (“Choice Gold” or the “Company”) is pleased to announce results from the mapping and surface sampling campaign recently conducted on its Sugarloaf Peak Gold Project (“Sugarloaf Peak” or the “Property”). The mapping and surface sampling was performed by MagmaChem Exploration Inc. in April and May and extended mapping coverage outside of the historically known mineralized area. The mapping has allowed Choice Gold to better define the zoning and distribution of the alteration, while the grab sampling has permitted the Company to extend the known mineralized area to both the southwest and the north. A total of 214 samples were prepared at Skyline Laboratories in Tucson, Arizona. They were analyzed by fire assay for their content in Au and Ag and the most significant gold and silver values were then verified by gravity method. The samples returned results ranging from less than 5 ppb to 3.26 g/t Au and less than 5 ppm to 284 g/t Ag. Pulps were then shipped to ActLabs in Ancaster, Ontario, to be analysed by ICP MS – the results identified interesting copper values outside of the known mineralized area. Other elements will be the subject of a study to characterize the metal and alteration zoning, as well as to understand the geochemical assemblages.
Follow-up work will be performed in the field to investigate the gold distribution and its controls: Recent observations suggest that a gold porphyry model should be considered. Choice Gold’s upcoming drilling program will evaluate recognized structures at depth and also test the 2.5 km long Titan 24 chargeability anomaly (see the Company’s May 24, 2011 press release). Sugarloaf Peak’s gold target zone covers an area of over 200 hectares.
Sugarloaf Peak is located in western Arizona within 100 km of each of the Mesquite, American Girl, and Copperstone gold mines. The geology of the property is dominated by Jurassic volcanics that were intruded by late Jurassic monzonite and aplite stocks and dykes, while the southeast of the Property contains mainly sediments of a Jurassic to Cretaceous age. Gold is associated with quartz-sericite-pyrite alteration, quartz veins, and iron oxide veinlets. The district is characterized by well-developed NNW structures that run sub-parallel to the Sonora-Mojave Megashear, which hosts several large gold deposits. These NNW structures have been recognized on the Property, particularly in the historically known mineralized area.
Brigitte Dejou, P.Eng., Choice Gold’s Manager of Exploration, is the non-independent, 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.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Choice Gold Corp.
President & CEO
Choice Gold Corp.
Senior Vice President
Source: Choice Gold Corp.
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