Choice Gold Corp.
CNSX : CHF

Choice Gold Corp.

November 17, 2011 09:00 ET

Choice Gold Corp. Releases Sampling Results from Sugarloaf Peak Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Choice Gold Corp. (CNSX:CHF) ("Choice Gold" or the "Company") is pleased to report the results of recently completed mapping campaign on its Sugarloaf Peak Gold Project ("Sugarloaf Peak") in western Arizona. The results include one sample grading 11.9 g/t gold and another three samples grading 1.53%, 4.71%, and 6.72% copper.

A total of 130 grab samples were collected over several parts of the property surrounding the central area of historically known mineralization. All samples were analyzed by the fire assay method. 29 samples returned values higher than 100 ppb gold including 5 samples exceeding 1 g/t gold. One sample, verified by the gravity method, grades 11.9 g/t gold and was collected from a silicified outcrop of blue schist found in the southeast part of the property. The blue schist was historically renowned as a favourable host rock by prospectors seeking gold mineralization in the Middle Camp district that Sugarloaf Peak lies within. Follow up work into this lithology, which was never drill tested historically, will be performed over the coming months. The data collected during the mapping program has helped to better define the mineralized areas at Sugarloaf Peak and has locally extended the auriferous zones laterally by several hundreds of meters. The main gold surficial anomalous zone now extends over 2 square kilometers.

In addition to the fire assay results, a portion of the grab samples taken from quartz-calcite veins containing malachite and iron oxides in the northern portion of the property have returned interesting results from ICP analysis. These results have started to define copper-silver anomalous zones in the northern part of the property at the contact between the granodiorite pluton and the andesite, and still more results are pending. The best copper results are 1.53%, 4.71% and 6.72% with significant silver values of 95.7 g/t (over 3 oz/t) and 63 g/t (over 2 oz/t) associated with the last two copper results. The northern portion of the property also hosts gold mineralization not displaying a direct relation to the copper-silver occurrences. The presence of gold and copper in proximity to a felsic intrusion combined with the potassic propyllitic and phyllic alterations observed on different parts of the property suggests that this mineralization could be related to a Cu-Au porphyry system. This assumption will be verified by more extensive field work in the following months with a particular focus on the alteration zoning and the distribution of the different elements given by the ICP values. Arizona holds huge potential for porphyry copper (gold) deposits: the Ajo district, which produced 350,000,000 tons of ore averaging approximately 0.8% Cu, 0.05 oz/t Ag and 0.004 oz/t Au, is located less than 200 km southeast of Sugarloaf.

"We're excited to be finding zones of higher grade gold and new promising copper-silver mineralization," said Gianni Kovacevic, Choice Gold's CEO. "This will influence our follow up drilling program and assist us in expanding the scale of our Sugarloaf Peak property."

Brigitte Dejou, P.Eng., Choice Gold's Manager of Exploration, is the non-independent, Qualified Person, 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 1950s through to the 1990s. 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.

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