CALGARY, March 1, 2012 /CNW/ - CVG Mining Ltd., (the "Company"), is pleased to announce that it has commenced the bulk-sampling process on the Wingdam Gold Project, near Quesnel, British Columbia.
To date, the Company has completed a 12.5-foot long cross-cut drift into the estimated 110-foot wide Lightning Creek paleochannel floor.
The material extracted from the cross-cut drift is being processed by an underground trommel washplant and jig utilizing gravity separation methods. All processing is under the supervision of the Company's chief geologist.
While it is too preliminary at this stage to discuss results in detail, management indicates that gold recoveries to date are meeting or exceeding expectations.
Work is on going to complete the cross-cut drift and further information will be compiled and reported upon once the bulk sample is complete.
The Wingdam Property (the Property) is situated within the Cariboo Gold Fields; a world-class producer of placer gold that includes a history of mining that began during the 1861 gold rush. The Property is located 45 km east from the City of Quesnel along Provincial Highway 26. The Property lies within the Lightning Creek valley and is located immediately downstream from both the former Sanderson and Melvin mines.
The information in this news release has been reviewed and approved by Chief Geologist Stephen Kocsis, BSc, P.Geo, a qualified person as defined in National Instrument 43-101.