[Marinir] {Disarmed} Choice Gold Drills 114.0 Metres of 0.41 g/t Gold, Incl. 59.5 Metres of 0.54 g/t Gold

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Thu Mar 15 14:40:44 CET 2012


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http://choicegoldcorp.com/ 

Choice Gold Corp. drills 114.0 metres at 0.41 g/t Au (including 59.5 m 
at 0.54 g/t) at Sugarloaf Peak Gold Project 

Choice Gold Corp. ( CHF 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=CHF&region=C&lookup=symbol&snapshot=default 

: CNSX) (MUN: OCG) is pleased to announce results from the first 6 of 13 
holes from the phase 1B drilling program at its Sugarloaf Peak Gold 
Project, located in southwest Arizona. Highlights include hole SGR-12-09 
and SGR-12-10 that intersected a thick sequence of mineralized felsic 
tuffs returning respectively 93.0 metres at 0.44 g/t Au (including 21.3 
m at 0.53 g/t Au and 33.5 m at 0.51 g/t Au) and 114.0 metres at 0.41 g/t 
Au (including 59.5 m at 0.54 g/t Au) . The central mineralized zone now 
extends over 1.1 km along a NE-SW strike between SGR-12-09 and 
SGR-12-11. The holes were collared in a strongly hematite altered unit 
up to 25 metres thick that then intersected supergene altered tuffs over 
a variable thickness (from 12 metres to over 100 metres thick). The 
holes were mineralized from surface down and bottomed in mineralization. 
Readers are encouraged to view the detailed cross section on the home 
page of the Company web site ( www.choicegoldcorp.com 

http://www.choicegoldcorp.com 

). The drilling campaign consisted of 13 reverse circulation holes 
testing the historically known central mineralized area, as well as new 
areas to the West, South and South East which have been identified based 
on rock gold anomalies at surface. A total of five holes were drilled 
into the historically known mineralized area, of which the Company has 
now received results from four of these (SGR-12-09, SGR-12-10, SGR-12-11 
and SGR-12-12), here presented. 

Gianni Kovacevic, CEO of Choice Gold, commented: "The clear objective of 
the phase 1B drill program was to corroborate some of the vast 
quantities of available historical information. There has been over 
10,000 m of drilling on the property between 1963 and 1995 all 
concentrated in the same central area and performed by at least four 
different mining companies which produced two historical non-43-101 
resource estimates for the Sugarloaf Peak Gold Project. Our technical 
team is working hard to confirm and expand upon that historical 
information in order to better define the historical mineralized area. 
We are looking to assess, and if applicable, accelerate plans for a 
Phase 2 drill program in 2012 to follow-up on today's results and test 
the potential extension of mineralization at depth." 

Hole SGR-12-09 was drilled to test the northeastern extension of the 
mineralized zone as defined by the available historical information. 
This hole successfully demonstrates the potential to expand upon the 
large footprint of the Sugarloaf Peak project on strike and to depth by 
intersecting continuous mineralization through the entire hole. Hole 
SGR-12-09 bottomed in mineralization at a vertical depth of 117 metres. 

Hole SGR-12-10 was drilled to corroborate the historical information of 
hole CS-7, which reflected the highest grade-thickness ratio amongst the 
historical holes. Choice Gold was able to confirm the higher grade 
intervals at similar and greater depths than historical hole CS-7 with a 
broad mineralized intersection and grades reaching 3.3 g/t Au. 

The calculated intervals for all the 2012 drill holes received to date 
are presented in the following table. All intervals were calculated 
using a 0.15 g/t Au cut-off, a minimal thickness of 25 feet or 7.6 
metres and a maximal dilution thickness limited to 3.0 metres. 

RC Hole No 

From 

m 

To 

m 

Interval* 

m 

Grade 

g/t Au 

SGR-12-07 

33.5 

41.2 

7.6 

0.66 

SGR-12-08 

None 

SGR-12-09 

0.0 

93.0 

93.0 

0.44 

including 

4.6 

25.9 

21.3 

0.53 

including 

53.4 

86.9 

33.5 

0.51 

SGR-12-10 

0 

114.0 

114.0 

0.41 

including 

4.6 

64.0 

59.5 

0.54 

SGR-12-11 

7.6 

44.2 

35.1 

0.33 

including 

28.9 

39.6 

10.7 

0.52 

83.8 

99.1 

15.2 

0.27 

SGR-12-12 

6.1 

44.2 

38.1 

0.21 

57.9 

85.4 

27.5 

0.22 

* Intervals represent core length; true thickness is unknown 

Hole SGR-12-11 was drilled to test the Western extension of the 
historical information and returned 0.33 g/t Au over 35.0 m. 

Hole SGR-12-07 tested the extension of hole SGL-11-04 and intersected 
7.6 m at 0.66 g/t Au from a depth of 33.5 metres in a clay rich fault 
zone, including 1.36 g/t Au over 3.0 m. 

Strong structural controls on gold mineralization have been one of the 
focuses of the current drill program. Shallowly dipping faults through 
the central zone of mineralization are believed to control disseminated 
gold mineralization by acting as conduits to transport the mineralizing 
fluids through porous tuffaceous host units. Combined with structural 
mapping, aeromagnetics and Titan 24 surveys performed in 2011, the 
development of this model has helped define a variety of targets 
throughout the entire 24 km 2 SugarloafPeak property. Structural 
controls on gold mineralization have been recognized in several adjacent 
low grade, large tonnage gold deposits of the northern Sonora desert 
such as Herradura, El Chanate and Mesquite. Further work on the 
Sugarloaf Peak property will focus on the recognition and targeting of 
these controlling faults with the aim of advancing the property towards 
an NI 43-101 compliant mineral resource. 

All the RC holes were sampled successively from the top to the bottom of 
each hole following rigorous QAQC procedures. These QAQC procedures 
included the insertion of blanks, standards, and duplicates. All the 
samples were shipped to American Assay Lab, Reno, NV, to be pulverised 
and analyzed for Au by the fire assay method and for a suite of trace 
elements using the ICP method. 

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-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 and small-scale mining from the 1950s through to the 1990s. The 
project is the subject of a historical, non-National Instrument 43-101 
compliant mineral resource. For more information about Choice Gold 
please visit our website at www.choicegoldcorp.com 

http://www.choicegoldcorp.com 

. 

For further information, please contact: 

Mac Bell, Senior Vice President, at: 

Tel: 1.800.975.7152 

info at 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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