VANCOUVER, Sept. 20, 2011 /PRNewswire/ - Jet Gold
Corp. (TSX-V: JAU) today announced positive results from a
recently completed exploration and trenching program on its 100%
controlled Big Hammer gold, silver and tellurium property. Big
Hammer is a low elevation property, accessible year-round and
located 13 km southeast of Terrace,
BC. It is serviced by a paved public road, existing forest
resource roads and bridges, and CN rail. Big Hammer was discovered
in 2007 by the BC Geologic Survey and classified as a "new gold
discovery."
In announcing the results, Brad J.
Moynes, JetGold President and CEO stated: "We are
very encouraged by our recent assay results, in particular
the number of assays with gold values above 10 grams per
tonne and some as high as 93 grams per tonne. In addition, a
good number of the assays indicated grades of gold that
warrant further exploration."
Jet Gold's initial exploration of Big Hammer included 280
samples of exposed roadcuts over a total distance of 1,400m. These
roadcut samples, taken in successive five meter increments, were
taken for the purpose of geochemical prospecting. An additional 117
grab, chip and channel samples were taken elsewhere on the Big
Hammer property, including 47 samples from newly trenched sections
of the 380 vein (380 m elevation), the 380 vein extension and the
625 vein (625 m elevation). All 397 samples were analyzed by AGAT
Labratories of Mississauga,
Ontario.
16 samples collected from the 380 vein produced the following
results:
Sample
|
Type
|
Gold (Au)
grams/tonne |
Silver (Ag)
grams/tonne |
Tellurium (Te)
grams/tonne |
E5210875 |
1.2m chip |
11.0 |
66 |
50 |
E5210876 |
1.2m chip |
1.69 |
35 |
15 |
E5210877 |
1.0m chip |
4.92 |
122 |
23 |
E5210878 |
grab |
12.4 |
177 |
124 |
E5210880 |
2.0m chip |
5.91 |
194 |
87 |
E5210881 |
grab |
14.8 |
186 |
140 |
E5210882 |
grab |
10.46 |
252 |
94 |
E5210883 |
grab |
12.65 * |
202 |
119 |
E5210888 |
1.0m chip |
8.81 |
100 |
92 |
E5210889 |
2.7m channel |
48.34 * |
118 |
331 |
E5210890 |
1.0m chip |
93.89 * |
105 |
946 |
E5210895 |
grab |
8.85 |
95 |
72 |
E5210896 |
grab |
1.33 |
16 |
9 |
E5210897 |
grab |
2.99 |
77 |
1 |
E5210922 |
Grab |
0.23 |
7.0 |
2 |
E5210923 |
0.75m chip |
3.85 |
146 |
28 |
* Fire assay values
Background & Methodology
JetGold's disclosures of a technical or scientific nature in
this news release have been reviewed and approved by Donald G
Strachan, M.Sc, CPG, JetGold's Consulting Geologist, who serves as
a Qualified Person under the definition of National Instrument
43-101.
Rock samples, sampling locations, sampling methodology and
sample submission methodology, discussed in this news release, were
reviewed and approved by Donald G Strachan, M.Sc, CPG. All samples
were collected by JetGold's geologists, designated representatives,
managers, supervisors or by trained personnel under the supervision
of Donald G Strachan, M.Sc, CPG. Samples collected remained under
the control of JetGold or its designated representatives until
delivered to the laboratory responsible for sample preparation or
analysis. Rock samples were prepared for assay at AGAT Laboratories
preparation facility in Terrace,
BC, and analyzed at their Mississauga laboratory under work orders
11D5188887 and 11D5188888. Samples were analyzed for gold by fire
assay with ICP-OES finish (202052) and for 51 other elements by
conventional ICP/ICP-MS finish (201074 - aqua regia digestion).
Over limit gold (>10 g/t) samples were re-assayed by fire assay
with a gravimetric finish. The Big Hammer property represents an
early stage exploration property and does not contain any mineral
resources as defined by National Instrument 43-101.
For the purposes of this news release, the following sample
collection definitions apply:
Grab |
A high grade opportunity sample |
Chip |
A systematic, representative, vertical sample across the
thickness of a near-horizontal planar structure (vein) |
Channel |
A systematic, representative, horizontal sample along the
near-horizontal strike of a planar structure (vein) |
Tonne |
One metric tonne = 1000 kg |
JetGold is a Canadian resource exploration company
actively developing gold, silver, copper, zinc, molybdenum and
tellurium mineral resource properties in British Columbia, Canada. The company is
currently undertaking exploration of its two unique precious metal
properties [Big Hammer and Silver
Bay] and a base metal property [Kshish].
Big Hammer |
|
Gold/silver/tellurium (Au/Ag/Te) property located 13 km
southeast of Terrace |
Silver Bay |
|
Silver/zinc (Ag/Zn) property located in west central
BC |
Kshish |
|
Molybdenum (Mo) property located 15 km northeast of
Terrace |
JetGold is strategically investing in the Terrace and Smithers mining districts of British Columbia based on excellent road
access, abundant power and water supply and close proximity to the
CN rail line and the Fairview Terminal deep water container port in
Prince Rupert. The port is an
important part of the Government of Canada's "Asia-Pacific Gateway &
Corridor Initiative" and the Province of British Columbia's "Pacific Gateway"
strategy.
Additional information at: www.jetgoldcorp.com
On behalf of the Board of Directors,
Jet Gold Corp. (TSX.V: JAU)
"Brad J. Moynes"
Brad J. Moynes
President & CEO
Forward Looking Information: Neither the TSX
Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Statements containing forward-looking information express, as
at the date of this news release, the Company's plans,
estimates, forecasts, projections, expectations or beliefs as to
future events or results and are believed to be reasonable
based on information currently available to the
Company.
Forward-looking statements and information are based on
assumptions that financing and personnel will be available
when required and on reasonable terms, and all necessary
regulatory approvals and shareholder approval will be obtained,
none of which are assured and are subject to a number of
other risks and uncertainties
There can be no assurance that forward-looking statements
will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such
statements. Readers should not place undue reliance on
forward-looking information.
SOURCE Jet Gold Corp.