Jet Gold Corp.: Exploration Update
11 9월 2008 - 12:50AM
Marketwired
Robert L. Card, President, Jet Gold Corp. (TSX VENTURE: JAU) ("Jet
Gold" or the "Company") is pleased to report on activities
associated with its on ongoing exploration program at the Naskeena
Coal Project ("Naskeena") in Northern British Columbia.
Drilling has been on-going at the Naskeena with a short break at
the end of August. A second shift was added in late August to make
up this time and to generally increase productivity. Seven, HQ
holes have been drilled in and around DDH2008-2 which intersected a
promising coal bed at 178ft (54m). This coal seam is 8.5ft (2.6m)
thick with an additional 1.5ft (0.45m) of mixed material below.
More holes will be required to test continuity of this coal seam
and other possibly related beds in this area. The surrounding holes
have intersected coal seams but additional work will be required to
determine the linkage to DDH2008-2. The holes to date on this
occurrence have been drilled down the apparent dip of the coal
bearing strata and the next holes within the drill plan will pursue
the bed along strike. The core and core logs are currently being
reviewed by the project geologist to determine if the intersected
coal seams are related or separate seams and samples will be sent
for analytical work after this review.
Once the drilling in the current area, which was not drilled in
2007, is completed to the Company's satisfaction, the drill will be
moved to another area of the property where coal was intersected in
2007. This area is considered to be the lowest stratagraphically
and contains multiple beds of coal.
Samples from last years drilling will also be re-analyzed at
this time by subjecting them to beneficiation (washing) to
establish washing requirements. In 2007 the samples were analyzed
as raw coal only and a review of the Groundhog area coal data noted
that significant beneficiation was common during testing on that
project. This has prompted the review of the 2007 Naskeena
samples.
The work to date has only covered a very small portion of the
Naskeena and significant drilling will be required to tie this coal
project together. Anthracite coal does not appear in great
thicknesses or quantity in British Columbia with the Groundhog and
Klappan being the only deposits in B.C. To this end, the Company
anticipates continued drilling on the Naskeena project into the
winter months.
The information contained in this news release has been reviewed
and approved by Alex Burton, P.Geo., P.Eng., 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
This news release was prepared by JAU management, which takes
full responsibility for its contents.
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 Investor Contact (604)
687-7828 (604) 687-7848 (FAX) Email: Robertcard@shaw.ca Website:
www.jetgoldcorp.com
Jet Gold Corp. (TSXV:JAU)
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