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california gold mining inc (CGM) Snapshot

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08/20/13 - C$0.10
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california gold mining inc (CGM) Details

California Gold Mining Inc. focuses on mining of gold properties in California. The company has interests in the Fremont property that covers 3,351 acres and is located to the north of Mariposa, California; and the Queen Specimen Succedo project. It also has an interest in the Dingman project located to the north of Belleville, Ontario, Canada. The company was formerly known as Upper Canada Gold Corporation and changed its name to California Gold Mining Inc. in April 2013. California Gold Mining Inc. is based in Toronto, Canada.

california gold mining inc (CGM) Top Compensated Officers

Chief Financial Officer and Secretary
Total Annual Compensation: C$57.0K
Consultant and Director
Total Annual Compensation: C$131.5K
Compensation as of Fiscal Year 2013.

california gold mining inc (CGM) Key Developments

California Gold Mining Inc. Announces Executive Changes

California Gold Mining Inc. announce that it has entered into an agreement with Red Cloud Mining Capital Inc. Red Cloud will provide strategic advisory services, prioritize growth opportunities, gather market intelligence, and market the Company. The agreement with Red Cloud is for an initial term of six months. In addition, as part of this agreement, Mr. Chad Williams, P.Eng, will assume the role of Interim President and CEO of California Gold. Mr. Pat Cronin will remain Chairman of the Company.

California Gold Mining Inc. Releases New Assay Results from the Fremont Project Including 56.1 M Grading 2.47 G/T Gold

California Gold Mining Inc. announced new assay results from the company's recently completed Phase II drill program at its Fremont Project in Mariposa County, California. The Phase II drill program commenced on December 17, 2013 and drilling was concluded on January 29, 2014. During the program, four PQ-sized diamond holes were drilled totaling 568 meters. The main objective of the Phase II drill program was to generate sufficient representative material from each of the three metallurgical domains that have recently been identified at the Fremont Property, in order to initiate Preliminary Economic Assessment (PEA)-level metallurgical testing. The results of the metallurgical test-work are expected to be received by the end of May, 2014. Assay results released pertain to diamond drill holes DD-13-15, DD-14-16, DD-14-17 and DD-14-18. Highlights from these four holes include the results in the following table. The results from all four Phase II drill holes correlated extremely well with the geology documented during historic RC drilling campaigns, detailed historic underground mapping, and historic mine development sampling. The Phase II drill program successfully generated sufficient representative rock material from each of the three metallurgical domains that have been identified on the Fremont Property in order to conduct PEA-level metallurgical studies. The three metallurgical domains are Oxide cap mineralization, Sulphide replacement mineralization, Quartz-hosted gold mineralization. The mineralization observed while logging the diamond drill core from the Phase I and Phase II drill programs is variable dependent upon whether it is hosted in the Mariposa Formation volcanic-sedimentary sequence, or the tectonic mélange of the Mariposa Fault Zone. The mineralization has thus been divided into two distinct types, as gold mineralization situated within the serpentinite-matrix tectonic mélange, gold mineralization hosted in the Mariposa Formation.

California Gold Mining Inc. Appoints Vishal Gupta as Chief Operating Officer

California Gold Mining Inc. announced that Vishal Gupta, P.Geo., who has served as the company's Director of Corporate Development since May 2013 has been appointed as Chief Operating Officer. Mr. Gupta has been responsible for the planning, coordination and supervision of the company's exploration programs at the company's Fremont gold project since August 12, 2013. Mr. Gupta is a P. Geo. registered with the Association of Professional Geoscientists of Ontario and has experience working with numerous junior exploration and development stage mining companies. Most recently he worked as an equity research analyst covering junior base metals and precious metals companies for numerous Toronto-based financial institutions including Dundee Capital Markets, Fraser Mackenzie and Global Financial.


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