Jet Gold Adds Area to Naskeena Coal Property
17 7월 2008 - 1:02AM
Marketwired
VANCOUVER, BRITISH COLUMBIA ("Jet Gold" or the "Company") is
pleased to announce that the Company has applied to the British
Columbia Department of Energy, Mines and Petroleum Resources for an
additional coal license adjoining its present coal tenures.
This coal license is located adjacent to and on the southern
boundary of the Company's present coal licences which cover the
Naskeena property. The application, which must be reviewed and
offered by the government, is for 1,500 hectares or approximately
3,750 acres. It adds about 33% to the Company's Naskeena property
bringing the total area under licence or application to
approximately 6,000 hectares (14,800 acres). The Company's
Geological Consultant, Alex Burton, P.Eng. P.Geo., has recommended
the additional area based on a review of the surface geology and
coal cuttings found adjacent to an old drill hole. This
recommendation and promising early results from the 2008 drill
program have prompted the application for additional ground by the
Company.
The Company is presently engaged in its summer program of
diamond drilling on the property and will have some drilling
results to report in the near future. Drilling is going well at
this time and is focused on an apparent upper coal bearing section.
As well, the switch to larger 2.5" diameter core, versus the 1.75"
diameter core used in 2007 is yielding better results with regard
to more core recovery and less core grinding. At this time it is
observed that there may be up to three sedimentary regimes
containing coal beds within the sedimentary suite and significant
drilling will be required to report on them with regard to linkage
or connectivity.
The Naskeena property is located near Terrace, British Columbia,
Canada about 60km north of Terrace and is serviced by a two lane
all weather paved highway. Access to the Naskeena is exceptional
due to this road and the proximity to the Port of Prince
Rupert.
The information contained in this news release has been reviewed
and approved by Alex Burton, P.Eng. P.Geo., a qualified person
under the definitions established by National Instrument
43-101.
On behalf of the Board of Directors
Jet Gold Corp.
Robert L. Card, President
All statements, other than statements of historical fact, in
this news release are forward-looking statements that involve
various risks and uncertainties, including, without limitation,
statements regarding the potential extent of mineralization and
reserves, exploration results and future plans and objectives of
Jet Gold Corp. These risks and uncertainties include, but are not
restricted to, the amount of geological data available, the
uncertain reliability of drilling results and geophysical and
geological data and the interpretation thereof, and the need for
adequate financing for future exploration and development efforts.
There can be no assurance that such statements will prove to be
accurate. Actual results and future events could differ materially
from those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice. The
Company assumes no obligation to update forward-looking statements
should circumstances or management's estimates or opinions
change.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news
release.
Contacts: Jet Gold Corp. Robert L. Card (604) 687-7828 (604)
687-7848 (FAX) Email: Robertcard@shaw.ca Website:
www.jetgoldcorp.com
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