WELCOME TO 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 Inc. (TSX-V: 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 from the 1950s through to the 1990s and small-scale mining for over a century. The project is the subject of a historical, non-National Instrument 43-101 compliant mineral resource and Choice Gold has a mandate to prove its economic viability, thus creating an attractive takeover target for a major gold producer.
The Sugarloaf Peak Gold Project covers over 24 km² and has been the object of intermittent drilling and small scale mining during the 1950s through 1990s resulting in a historical, non 43-101 compliant, estimated resource of more than 1.2 million ounces of 0.6 g/t gold average grade with higher grade zones to be delineated. This is an historical resource and the company has not yet completed sufficient work to confirm it and it therefore cannot be relied upon.
In 2009 Riverside Resources Inc. completed a drill program on the property that successfully substantiated a portion of the historical data, while testing the geologic model at depth. Drilling targeted the southern portion of the 4 km² surface gold anomaly and was not focused on duplicating previous work by twinning historical drill holes. Riverside completed five angled diamond drill holes on the property for a total of 1,125 meters to a maximum true depth of over 200 meters in any one hole.
The drill program consistently intercepted gold mineralization comparable to operating mines in the region, which include the El Chanate Mine (operated by Capital Gold), the Herradura Mine (operated by Newmont), and the Mesquite Mine (operated by New Gold). Results from the drill program can be found on the Property Details Page. Historical Information
Riverside Resources Inc. completed an independent NI 43-101 technical report for the Sugarloaf Peak Gold Project near Quartzsite, Arizona (November 14, 2008). The report describes a number of historical non-NI 43-101 compliant resource estimations. These estimates are of historical resources and the Riverside geologic team did not complete sufficient work to confirm a NI 43-101 compliant resource. Therefore, the estimates cannot, and should not be relied upon. This historical resource estimation along with other estimations are summarized in the NI 43-101 technical report which is filed on www.sedar.com as well as made available on Choice Gold's website.
2009 Drill Program
Drilling by Riverside identified continuous mineralization in all five holes, confirming the presence of an extensive mineralized body to a depth greater than more than double the depth of that previously recorded in historical gold assay drill data. The drill program targeted mineralization that is associated with the geologic models found at the Herradura Mine (Newmont Mining Corp. Industrias Penoles), Mesquite Mine (New Gold Inc.), and El Chanate Mine (Capital Gold Corporation). Disseminated gold mineralization appears similar to that found with this drill program on the Sugarloaf Peak Gold Project. All of the mentioned deposits are large low cost open pit gold mines extracting low grade gold near surface.
Gold mineralization with continuously strong hydrothermal alteration was intersected in all five drill holes, confirming the presence of an extensive mineralized gold system. The mineralization includes shallow oxides transitioning to sulfides at varying depths of 10 to 15 meters from the surface and deeper zones along shear zone structures. All five drill holes confirmed the presence of an extensive mineralized gold system with gold mineralization from the top to bottom of the holes. The intervals were determined using a 0.2 g/t gold (Au) cut off with a maximum gap of two meters between intervals below the cut off grade. Historical results prepared by previous companies on the property presented the data using different parameters which identified longer intervals with no cut off grade. Riverside's parameters show numerous shorter intervals from the drilling rather than extended intervals.
Drilling intersected wide zones of mineralization within an altered rhyolite unit. The mineralization appears to be controlled geologically by both shallow and steeply dipping structures and quartz stockwork veining. This stratigraphic unit and associated structures have been traced across the property in surface mapping and extends for more than 3 kilometers NW-SE along strike. This undrilled structural corridor gives more than six other drill target areas that remain to be tested. In addition, mineralization has been sampled to the north, east and west of the historical resource outline.
Quantec Geoscience performed a Titan 24 deep penetrating IP survey at the Sugarloaf Peak Gold Project during the month of April, 2011. This cutting edge survey discovered a high chargeability anomaly with strike length of approximately 2,500 metres and width of up to 1,000 metres at places. The anomaly is located between depths of 200 metres and 600 metres as per the following diagrams listed in sections A-H. Red indicates high chargeability.
MANAGEMENT & BOARD OF DIRECTORS
Gianni Kovacevic - CEO & Chairman
Mr. Kovacevic is a development strategist focused on the natural resource space. Formerly with Petaquilla Minerals (TSX: PTQ) and Petaquilla Copper (TSX: PTC) as Manager of Corporate Development, he assisted in raising over $200M in equity and debt financing. Mr. Kovacevic is currently the Chairman of Romulus Resources (TSX-V: ROM) and a Director of Legend Gold (TSX-V: LGN).
Dr. John-Mark Staude - Director
Dr. Staude has over 20 years of diverse mining and exploration experience in precious and base metals. He currently serves as President & CEO of the optionor of the Sugarloaf Peak Gold Project, Riverside Resources (TSX-V: RRI). He previously held positions of increasing responsibility with a number of major international mining companies including Kennecott, BHP-Billiton, and most recently Teck Cominco. Dr. Staude earned an MSc from Harvard University in 1989 and a PhD in Economic Geology from the University of Arizona in 1995.
Terence S. Ortslan - Director
Mr. Ortslan is the Managing Director of TSO & Associates, a firm focusing on independent mining, metals and fertilizer research for a select few financial institutions. Involved in the investment industry since 1975, he is a mining engineer that has worked for various resource companies in Ontario and Quebec. His government, corporate and industry advisories are at an international scale. Mr. Ortslan also serves on a few select mining boards as Director and Committee Chairperson.
Brigitte Dejou - Manager of Exploration
Ms. Dejou is a professional engineer with over 20 years of experience in mineral exploration. Prior to joining Choice Gold, she spent 2 years as a Senior Geological Engineer with Osisko Mining Corporation and 18 years within Cominco and Teck Cominco managing various exploration programs. Ms. Dejou brings to Choice Gold vast experience in running extensive, multimillion dollar exploration projects from grass-roots to pre-feasibility stage across North America. She holds both a Bachelor of Engineering degree and a Masters of Applied Science degree from Ecole Polytechnique de Montréal and is a member of the Ordre des Ingénieurs du Québec.
Jamie Lewin - CFO
Mr. Lewin is a professional accountant who has more than 15 years experience in accounting and finance for private and public companies. He has served as CFO of several public companies, is a Director and on the Audit Committee of Abenteuer Resources (TSX-V: ABU), and is a former Director of Lucky Minerals (TSX-V: LJ). Mr. Lewin holds the CMA designation, an MBA with specialization in financial management from City University, and a Certification in Public Companies from Simon Fraser University. In addition, Mr. Lewin holds a LLB from Laval University and a BA in Economics from the University of Western Ontario.
Board of Directors:
Gianni Kovacevic - President, CEO, Chairman and Director
John-Mark Staude - Director
Terence S. Ortslan - Director
Registered & Principal Office:
Choice Gold Corp.
1250 West Hastings St.
Stock Exchange Listings:
Canadian National Stock Exchange (CNSX) - Symbol CHF
ACAL Group Chartered Accountants
Suite 1850-1066 West Hastings St.
Robson Court, 1000-840 Howe St.
Computershare Trust Company of Canada
510 Burrard St., 2nd Floor
V6C 3B9 Tel: 604.661.9400