NYBob
12 years ago
Sona Cuts 28.1g Au/t Over 1.46 Metres at the Elizabeth Gold Deposit Property
Program Has Completed 20 Surface Drill Holes and 35 Underground Holes
Press Release: Sona Resources Corporation – Fri, Nov 18, 2011 11:00 AM EST
http://finance.yahoo.com/news/Sona-Cuts-28-1g-Au-Over-1-46-ccn-2944631052.html?x=0&l=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire -11/18/11)- Sona Resources Corp. (the "Company" or "Sona") (TSX-V: SYS.V - News)(Frankfurt: QS7.F - News) is pleased to report that it has concluded the latest diamond drilling program at its 100 percent owned Elizabeth Gold Deposit Property ("Elizabeth"), in the Lillooet Mining District of southern British Columbia. The program drilled 20 surface holes totalling 3,182 metres, and 35 underground holes totalling 4,173 metres.
The surface drilling focused on testing the Southwest Vein, to the southwest of the current resource, and areas of gold mineralization on the No. 9 Vein. The underground program included definition drilling of the Main and West Veins, as well as exploration for new areas of mineralization along the D and Southwest Veins.
"We look forward to incorporating the positive results from the 11,134 metres of diamond drilling we have completed over the past two years into a new mineral resource report, due for completion early in the new year," says John P. Thompson, Sona's President and CEO. "The updated resource will be incorporated into a new Preliminary Economic Assessment, which constitutes another step toward putting the former Blackdome Gold Mine mill back into production."
To view accompanying maps, visit the following link: http://media3.marketwire.com/docs/NRno17_maps.pdf
Surface drilling
The recently completed surface diamond drill program comprised 20 holes. Fifteen of the holes tested the southwest and northeast on-strike extensions of the Southwest Vein, to add resources to inventory, while the five holes on the No. 9 Vein tested the structure for additional gold mineralization.
Southwest Vein
Six surface diamond drill holes targeted the Southwest Vein near Hole E10-69, which in 2010 assayed 77.9g Au/t over 5.30 metres core length (news release dated March 30, 2011). Composite assays from the 2011 program include 28.1g Au/t over 1.46 metres core length (E11-05), and 8.4g Au/t over 0.50 metres core length (E11-01). The nine holes targeted the projected southwest extension (six holes, E11-07 to E11-12) and northeast extension (three holes, E11-15 to E11-17) of the Southwest Vein. Hole E11-07, approximately 30 metres to the southwest of Hole E10-69, returned a composite assay of 6.2g Au/t over 1.15 metres core length. The remaining five holes, farther to the southwest, contained lesser values. Of the three surface drill holes targeting the northeast extension, one hole (E11-05) ran 1.3g Au/t over 0.97 metres core length; the other two were lost before they reached the target zone.
No. 9 Vein
Four drill holes targeted the No. 9 Vein, and one (E11-14) was lost in overburden. Three holes (E11-18, E11-19 and E11-20) were drilled from the same location, and all intersected low-grade mineralization, returning values between 0.7g Au/t and 1.9g Au/t over 0.50 to 1.37 metres core length. Hole E11-13 was drilled on a listwanite exploration target approximately 300 metres to the west of the No. 9 Vein and returned 0.6g Au/t over 1.30 metres.
Underground drilling
In all, 35 underground diamond drill holes were collared from the Upper Adit into the West Vein (24 holes, E11-U76 to E11-U97, E11-U105 and E11-U106), the Main Vein (seven holes, E11-U98 to E11-U104) and the D and Southwest Veins (four holes, E11-U107 to E11-U110).
D and Southwest Veins
In 1945, Bralorne Mines drilled a flat hole northward from the end of the lower portal and intersected a mineralized quartz structure, which became known as the D Vein. In 2005, Sona drilled a hole (E05-36) southward from surface and interested quartz veining, which returned assays of 1.0g Au/t over 1.10 metres core length, 1.1g Au/t over 0.20 metres core length, and 1.3g Au/t over 0.50 metres core length. It was unclear whether the hole had encountered the D Vein or a projected extension of the Southwest Vein.
To better understand the structural geology and mineralogy, Sona drilled four holes (E11-U107 to E11-U110) targeting the D and Southwest Veins. They were collared at the end of the Upper Adit, approximately 130 metres into the mountain and 95 metres below surface, at 2,200 metres above sea level. All holes were drilled northward to test for the presence of the D Vein, and to test for the northeast extension of the Southwest Vein in an area of heavy overburden. All four holes intersected gold mineralization, with two returning four intersections each, varying from 0.8g Au/t to 6.1g Au/t over core lengths of 0.45 to 1.50 metres. Visible gold was observed in hole E11-U107. Further drilling is required to confirm which assay intersections represent which vein.
NYBob
13 years ago
Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold
Deposit, Extending the Mineralization of the Southwest Vein on the Property -
Company Press Release, October 27, 2010
VANCOUVER, British Columbia --
Sona Resources Corp.
reports on five drillling holes in the third round of assay
results from the recently completed drill program at its 100
percent-owned Elizabeth Gold Deposit Property in the Lillooet
Mining District of southern British Columbia.
Highlights from the diamond drilling include:
-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.
-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres,
including one assay interval of 383g of gold/ton over 0.5 metres.
-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres,
including one assay interval of 230g gold/ton over 1 metre.
Four drill holes, E10-66 to E10-69, targeted the southwestern end
of the Southwest Vein, and three of the holes have expanded
the mineralized zone in that direction.
The Southwest Vein gold mineralization has now been intersected
over a strike length of 325 metres, with the deepest hole
drilled less than 200 metres from surface.
"The assay results from the Southwest Zone quartz vein continue
to be extremely positive," says John P. Thompson, Sona's
president and CEO.
"We are expanding the Southwest Vein, and this high-grade gold
mineralization remains wide open down dip and along strike
to the southwest."
For the company's full press release, please visit:
http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf
http://sonaresources.com/
NYBob
15 years ago
J-Pacific Commissions Micon International for Scoping Study of Blackdome and Elizabeth Properties
Wed Oct 21, 1:00 PM
http://ca.news.finance.yahoo.com/s/21102009/28/link-f-ccnmatthews-j-pacific-commissions-micon-international-scoping-study-blackdome.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2009) - J-Pacific Gold Inc. (TSX VENTURE: JPN.V) ("J-Pacific" or the "Company") has retained Micon International Limited to complete a preliminary assessment ("PA" or "scoping study") of the Blackdome Gold Mine ("Blackdome") and Elizabeth Gold ("Elizabeth") Properties in British Columbia. The Blackdome and Elizabeth Properties are respectively located approximately 250 and 220 kilometres north of Vancouver, in the Clinton and Lillooet Mining Divisions.
The PA, to be completed by Micon's "independent qualified persons", will evaluate potential underground mining operations at both sites. Any eventual production from the Elizabeth Property will be transported by road for processing at the Blackdome gravity and flotation mill. There is no certainty the PA will indicate that commercial production is viable. The PA will be based on inferred resources, which by definition are too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. As a result, there is no certainty that the preliminary assessment's findings will be realized.
SRK Consulting (Canada) Inc. has been commissioned to review and update the Blackdome resource estimate to achieve conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices, and to follow the guidelines of Canadian Securities Administrators National Instrument 43-101. Having incorporated this new information, the scoping study will assess a suitable mining tonnage rate and grade, and will determine capital and operating costs for mining, ore transportation, milling, smelting, refining, and site infrastructure to a level of accuracy appropriate for a PA.
The June 2009 Mineral Resource Statement for the Elizabeth Gold Property, prepared by SRK, estimated a total inferred resource of 522,900 tonnes grading 12.26g Au/t and containing 206,130 ounces of gold in two veins. The historical, non-CIM compliant resource on the Blackdome Property is estimated at 124,120 tonnes grading 12.8g Au/t and containing 50,834 ounces of gold. As no qualified person has done sufficient work to classify the historical Blackdome estimate as a current mineral resource, J-Pacific is not treating the estimate as such and it should not be relied upon.
The resource estimate for Elizabeth was completed by Dorota El-Rassi, P.Geo., and Dr. Jean-Francois Couture, P.Geo., both employees of SRK. Ms. El-Rassi and Dr. Couture are "independent qualified persons", as defined in NI 43-101, and have reviewed the technical information presented herein.
Micon International has reviewed and approved this news release, as has John Harrop, P.Geo., J-Pacific's senior geologist and a qualified person as defined by NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Nicholas Ferris
J-Pacific Gold Inc.
President and CEO
+1 (888) 236-5200
+1 (604) 684-6678 (FAX)
nferris@jpgold.com
www.jpgold.com
Victor Webb or Madlene Olson
Media Inquiries
Marston Webb International
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com
NYBob
15 years ago
J-Pacific Releases Technical Report for the Elizabeth Gold Property
Thu Sep 10, 9:30 AM
http://ca.news.finance.yahoo.com/s/10092009/28/link-f-ccnmatthews-j-pacific-releases-technical-report-elizabeth-gold-property.html
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2009) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE: JPN.V) announces that it has released a technical report for its Elizabeth Gold Property. The report is available for download at SEDAR and on the J-Pacific website.
On June 8, 2009, J-Pacific announced that it had received an initial inferred gold mineral resource estimate for the Elizabeth Gold Property of 522,900 tonnes, grading an average of 12.3g Au/t using a cut-off grade of 5.0g Au/t, for a total of 206,100 oz Au. The resource estimate was prepared by SRK Consulting (Canada) Inc. ("SRK").
The Elizabeth Gold Property is located in the Lillooet Mining District of British Columbia, approximately 220 kilometres north of Vancouver and 30 kilometres southwest of the Blackdome Gold Mine and mill.
Mineral Resource Statement
Elizabeth Gold Property, British Columbia
Prepared by SRK Consulting, June 4, 2009
---------------------------------------------------------------------
---------------------------------------------------------------------
Domain Grade Metal
Quantity Gold Gold
(tonnes) (g Au/t) (ounces)
---------------------------------------------------------------------
Inferred mineral resources
Southwest Vein 328,300 13.63 143,900
West Vein 194,600 9.95 62,200
Main Vein(ii) - - -
Northwest Vein(ii) - - -
Total inferred 522,900 12.26 206,100
---------------------------------------------------------------------
---------------------------------------------------------------------
(i) Mineral resources are not mineral reserves and have demonstrated
no economic viability. All figures are rounded to reflect the
relative accuracy of the estimate. Reported at a cut-off grade
of 5.0g Au/t, assuming an underground mining scenario, a gold
price of US$1,000 per ounce, and 100 percent metallurgical
recovery.
(ii) At the cut-off grade of 5.0g Au/t, the Main and Northwest veins
currently host no significant mineral resources.
---------------------------------------------------------------------
---------------------------------------------------------------------
FUTURE PLANS
J-Pacific has initiated plans for extensive surface and underground exploration programs, along with infrastructure upgrades, in an effort to further expand the resource. Permitting for this phase of work is in place, and proposals for an independent scoping study are currently being reviewed.
BACKGROUND
Since acquiring the Elizabeth Gold Property in 2002, J-Pacific has drilled 67 diamond drill holes totalling 9,053 metres, of which 38 holes totalling 5,664.2 metres have targeted the Southwest Vein system. Drilling has also targeted the West and No. 7 veins. Structural interpretation of the Elizabeth vein system by SRK in 2005 was instrumental in the design of J-Pacific's 2007 drilling program on the Southwest Vein.
The Elizabeth Gold Property, 9,811 hectares of owned and optioned Crown grants and mineral claims, is centrally located in prospective terrain 30 kilometres south-southwest of the permitted mill at the J-Pacific-owned Blackdome Gold Mine, and 30 kilometres north-northeast of the historical gold mining town of Bralorne, where over four million ounces of gold have been produced. The Elizabeth Gold Property's proximity to J-Pacific's permitted gold mill at the Blackdome Gold Mine means any eventual production from Elizabeth could be accommodated at the Blackdome facility, complementary to any future production at Blackdome. The high grades identified in several veins at the Elizabeth Gold Property and its location make it an attractive exploration target that can be rapidly advanced.
The technical content of this news release has been reviewed and approved by Dr. Jean-Francois Couture, P.Geo., and Dorota El-Rassi, P.Eng., of SRK, and J-Pacific's independent qualified persons for this project for the purpose of NI 43-101 regulations.
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.
Contacts
Nick Ferris
J-Pacific Gold Inc.
President & CEO
+1 (888) 236-5200
+1 (604) 684-6678 (FAX)
info@jpgold.com
www.jpgold.com
Victor Webb/Madlene Olson
Marston Webb International
Media Inquiries
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com
NYBob
15 years ago
J-Pacific Releases Initial Resource Estimate for the Elizabeth Gold Property
http://www.marketwire.com/press-release/J-Pacific-Gold-Inc-TSX-VENTURE-JPN-1000641.html
Plans under way for comprehensive surface and underground exploration programs
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN) today announced that it has received an initial inferred gold mineral resource estimate for the Elizabeth Gold Property of 522,900 tonnes, grading an average of 12.3g Au/t using a cut-off grade of 5.0g Au/t, for a total of 206,100 oz Au. The Elizabeth Gold Property is located in the Lillooet Mining District of British Columbia, approximately 220 kilometres north of Vancouver. The resource estimate was prepared by SRK Consulting (Canada) Inc. ("SRK").
J-Pacific has initiated plans for extensive surface and underground exploration programs, along with infrastructure upgrades, in an effort to further expand the resource.
In making the announcement today, J-Pacific CEO Nick Ferris said, "We're encouraged by this initial resource estimate. Since acquiring the Elizabeth Gold Property in 2002, J-Pacific has incurred exploration and discovery expenses of approximately $2.4 million, a very cost-effective endeavour. Moving forward, J-Pacific plans to increase this resource substantially and improve the property's overall economics."
Mineral Resource Statement
Elizabeth Gold Property British Columbia
Prepared by SRK Consulting, June 4, 2009
---------------------------------------------------------
Grade Metal
Quantity Gold Gold
Domain (tonnes) (g Au/t) (ounces)
---------------------------------------------------------
Inferred mineral resources
Southwest Vein 328,300 13.63 143,900
West Vein 194,600 9.95 62,200
Main Vein(ii) - - -
Northwest Vein(ii) - - -
Total inferred 522,900 12.26 206,100
---------------------------------------------------------
(i) Mineral resources are not mineral reserves and have
demonstrated no economic viability. All figures are
rounded to reflect the relative accuracy of the
estimate. Reported at a cut-off grade of 5.0 grams
of gold per tonne, assuming an underground mining
scenario, a gold price of US$1,000 per ounce, and
100 percent metallurgical recovery.
(ii) At the cut-off grade of 5.0g Au/t, the Main and
Northwest veins host no significant mineral
resources.
---------------------------------------------------------
The Mineral Resource Statement was prepared by SRK using a geostatistical block modelling approach constrained by gold mineralization wireframes. Four auriferous quartz vein wireframes were modelled from 68 core boreholes, surface and underground mapping, and underground chip samples collected on the property between 2002 and 2005. After reviewing the exploration database, SRK estimated gold grades into a block model (measuring 5 by 10 by 10 metres) using ordinary kriging and capped composite gold data. In the absence of specific gravity data, SRK used an average specific gravity of 2.70 for converting quartz vein volumes into tonnages. SRK is of the opinion that the mineral resources for the Elizabeth Gold Property are appropriately classified as an inferred mineral resource within the meaning of CIM Definition Standards for Mineral Resources and Mineral Reserves (December 2005). The Mineral Resource Statement for the Elizabeth Gold Property is reported a cut-off grade of 5.0g Au/t, considering an underground mining scenario, a gold price of US$1,000 per ounce of gold, and without considering metallurgical recovery, as no metallurgical data is available for this project.
In preparing the Mineral Resource Statement, SRK noted that the mineral resources are sensitive to the selection of cut-off grade. The global quantities and grade estimates for the Elizabeth Gold Property are summarized at selected cut-off grades in the following table. The reader is cautioned that these figures should not be construed as representing a mineral resource. The reported quantities and grades are only presented as a sensitivity of the resource model to the selection of cut-off grade.
Global Block Model Quantities and Grade Estimates(i)
at Various Gold Cut-off Grades
---------------------------------------------------
Gold cut-off Quantity Grade Ounces
(g Au/t) (M tonnes) (g Au/t) (000s)
---------------------------------------------------
1 1,244 6.22 248.8
2 747 9.57 230.0
3 679 10.29 224.7
4 566 11.66 212.3
5 523 12.26 206.1
6 480 12.85 198.3
7 393 14.23 179.7
8 361 14.83 171.9
9 288 16.38 151.7
10 270 16.84 146.1
---------------------------------------------------
(i) The reader is cautioned that the figures presented
in this table should not be construed as a mineral
resource statement. They are only presented to show
the sensitivity of the mineral resources to the
selection of cut-off grade.
CAUTIONARY STATEMENT
Mineral resources were estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserve Best Practices" Guidelines. Mineral resources are not mineral reserves and do not have demonstrated economic viability. SRK is unaware of any known environmental, permitting, legal, title, taxation, socio-economic, marketing or other relevant issues that could potentially affect this estimate of mineral resources. The mineral resources may be affected by further infill and exploration drilling that may result in increases or decreases in subsequent resource estimates. The mineral resources may also be affected by subsequent assessments of mining, environmental, processing, permitting, taxation, socio-economic and other factors. There is insufficient information in this early stage of study to assess the extent to which the resources will be affected by such factors, which are more suitably assessed in a conceptual study. Mineral reserves can only be estimated based on the results of an economic evaluation as part of a preliminary feasibility study or feasibility study. As such, no mineral reserves have been estimated by SRK as part of the present assignment. There is no certainty that all or any part of the mineral resources will be converted into a mineral reserve.
QUALITY ASSURANCE AND QUALITY CONTROL
J-Pacific follows strict sampling and QA/QC protocols. Details of this diamond drilling program are provided in the J-Pacific news release dated October 16, 2007. The results of the drilling programs have been reviewed, verified (including sampling, analytical and test data) and compiled by the J-Pacific geological staff.
The resource estimate was completed by Dorota El-Rassi, P.Geo, with the assistance of Dr. Jean-Francois Couture, P.Geo. Both Ms. El-Rassi and Dr. Couture are "independent qualified persons" as defined in NI 43-101, and have reviewed the technical information presented herein. The effective date of this resource estimate is June 4, 2009. A technical report prepared following the NI 43-101 and Form 43-101F1 guidelines will be filed on SEDAR within 45 days.
FUTURE PLANS
Permitting is under way for a three-year underground and surface exploration program designed to continue development of the Southwest and West veins. Underground exploration is planned for the Upper and Lower adits, with an exploration extension in the Lower Adit to the "D" and Southwest Veins. A new portal is also planned for the Southwest Vein, at a similar level to the Upper Adit. Additional work is planned for the West Vein, to correlate historical data with current standards.
BACKGROUND
Since acquiring the Elizabeth Gold Property in 2002, J-Pacific has drilled 67 diamond drill holes totalling 9,053 metres, of which 38 holes totalling 5,664.2 metres have targeted the Southwest Vein system. Drilling has also targeted the West and No. 7 veins. Structural interpretation of the Elizabeth vein system by SRK in 2005 was instrumental in the design of J-Pacific's 2007 drilling program on the Southwest Vein.
The Elizabeth Gold Property, 9,811 hectares of owned and optioned Crown grants and mineral claims, is centrally located in prospective terrain 30 kilometres south-southwest of the permitted mill at the J-Pacific-owned Blackdome Gold Mine, and 30 kilometres north-northeast of the historical gold mining town of Bralorne, where over four million ounces of gold have been produced. The Elizabeth Gold Property's proximity to J-Pacific's permitted gold mill at the Blackdome Gold Mine means any eventual production from Elizabeth could be accommodated at the Blackdome facility, complimentary to any future production at Blackdome. The high grades identified in several veins at the Elizabeth Gold Property and its location make it an attractive exploration target that can be rapidly advanced.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
J-Pacific Gold Inc.
+1 (888) 236-5200
+1 (604) 684-6678 (FAX)
info@jpgold.com
www.jpgold.com
or
Marston Webb International
Victor Webb/Madlene Olson
Media Inquiries
+1 (212) 684-6601
+1 (212) 725-4709 (FAX)
marwebint@cs.com
NYBob
16 years ago
J-Pacific Gold Announces 2008 Exploration Plans -
Aggressive programs designed to advance gold properties
VANCOUVER, Jan. 31 /CNW Telbec/ -
J-Pacific Gold Inc. =
("J-Pacific" or "The Company") (TSXV - JPN) today released
its exploration and development plans for 2008.
In making the announcement, J-Pacific CEO Nick Ferris said
that the planned exploration programs are some of the most
aggressive undertaken by the Company to date, following on
several programs successfully completed during 2007.
The exploration and development plans for 2008 include core drilling on the Montgolfier Project in Quebec, and on the Blackdome Gold Mine in British Columbia.
As well, core drilling and underground exploration sampling are planned for the Elizabeth Gold Property, also in British Columbia, just 30 kilometres from the Blackdome Gold Mine.
Corporate Developments
The Company is pleased to report that Dominick & Dominick LLC of New York has successfully arranged for the divestiture of J-Pacific shares held by Jipangu Inc., a long-time Japanese investor in the Company.
J-Pacific has been advised that approximately 12 million
shares previously owned by Jipangu have been purchased by
a number of well-qualified investors, including
industry-leading investment funds, strengthening
the Company's shareholder base.
Montgolfier Gold Project, Quebec
In the first three months of 2007, J-Pacific executed an initial drill program at Montgolfier that yielded very encouraging results.
Eight priority targets generated by SRK Consulting ("SRK") were investigated by 26 core holes totalling 9,710 metres. Highlights of the 2007 program included intercepts of host
rock in several targets, and strong gold mineralization encountered in holes JPN07-17 (10.42g Au/t over 1.0 metre)
and JPN07-21 (6.44g Au/t over 3.2 metres).
See news releases dated March 22 and July 19, 2007, for
more detailed information on drill results, on
the J-Pacific website.
On January 24, 2008, J-Pacific announced the commencement of drilling for the 2008 campaign, which consists of an initial
18 holes (news release 03, 2008).
This program is designed to test the lateral and depth extensions of gold mineralization encountered during the 2007 program. An additional 1,200 metres of drilling is included
as a contingency, to allow testing of other targets on
the project.
Maps detailing the planned drill holes are
available for download on the Company's website.
The Montgolfier Project straddles the Casa Berardi Tectonic Zone, approximately 30 kilometres east of the Casa Berardi Mine, where -
Aurizon Mines Ltd.
has outlined a mineral reserve of 4.7 million tonnes
grading 7.7g Au/t (equivalent to 1,169,000 oz Au), with
an indicated mineral resource of 3.1 million tonnes
grading 5.3g Au/t (equivalent to 526,000 oz Au), and
an inferred mineral resource of 5.1 million tonnes
grading 6.6g Au/t (equivalent to 1,060,000 oz Au) (Source:
Aurizon Mines Ltd. website).
Elizabeth Gold Property, British Columbia
Also in 2007, J-Pacific completed a highly successful drill program at the Elizabeth Gold Property, consisting of 14 holes totalling 1,725 metres. Highlights of the program included gold holes E07-43 (37.5g Au/t over 11.2 metres), E07-42 (10.45g Au/t over 4.5 metres), E07-44 (10.52g Au/t over 4.53 metres), E07-48 (12.38g Au/t over 3.24 metres), and E07-50 (21.26g Au/t over 1.15 metres). See news releases dated September 13 and October 16, 2007, for more detailed information on drill results. The program focused on infill drilling, to connect areas of known mineralization in the Southwest Zone.
Given these promising results, J-Pacific plans an aggressive exploration program designed to move the Elizabeth Gold Property toward potential development. Planned exploration will include surface drilling, trenching, mapping, and underground exploration sampling and drilling.
The Elizabeth Gold Property is centrally located in prospective terrain 30 kilometres (18 miles) south-southwest of the permitted mill at the J-Pacific-owned Blackdome Gold Mine, and 30 kilometres (18 miles) north-northeast of the historic gold mining town of Bralorne, where over four million ounces of gold have been produced. The Elizabeth Gold Property's proximity to J-Pacific's permitted gold mill at the Blackdome Gold Mine means any eventual production from Elizabeth could be accommodated at the Blackdome facility.
Blackdome Gold Mine, British Columbia
In the spring of 2007, J-Pacific completed a Phase 2 core
drill program consisting of 13 holes totalling 2,079 metres.
Twelve of the 13 holes successfully reached their targets.
The drilling focused on obtaining sufficient new data about
the structural formations under the Blackdome basalt cap.
The program provided a better understanding of the
geological structures under the Blackdome peak and
demonstrated the presence of gold mineralization in
the No. 17 Vein.
In 2008, J-Pacific plans a 3,000-metre surface drill program
focusing primarily on the Giant Vein and associated structures.
This program will test the vein to the south of previous drilling, and explore a structural intersection where 2007 surface sampling of float and a 0.5-metre-wide vein
returned values of 0.30, 1.99, 2.04, 2.66 and 9.32g Au/t.
Located in the Clinton Mining District of British Columbia, approximately 250 kilometres north of Vancouver and 70 kilometres west-northwest of the town of Clinton,
the Blackdome Gold Mine -
yielded 240,000 ounces of gold from 338,000 tonnes of
ore between 1986 and 1991.
Currently,
the Blackdome Gold Mine -
has an inferred mineral resource (A. Boronowski, 1999),
as reclassified by SRK Consulting (2001), of 124,120 tonnes,
averaging 12.8g Au/t and 33.7g Ag /t,
totalling 50,834 ounces of gold and 134,386 ounces of silver.
The infrastructure and processing facilities remain at
the mine, as do the majority of permits for operation.
In summary, Mr. Ferris said that J-Pacific was especially fortunate to have not one but three promising gold projects located in Canada. "Our properties are secure, unhampered by country risks and regulatory restrictions that bedevil many junior exploration companies with overseas properties. With the Montgolfier Property, we can rely upon the encouragement and financial support of the Quebec government. In British Columbia, our promising Elizabeth Project is ideally located just 30 kilometres from the Blackdome Gold Mine, complete with all of its surface infrastructure ready to be utilized by both projects just as soon as we can move into production," he said.
Other Projects
J-Pacific continues to maintain drill permits for its Callaghan and Golden Trend Projects in northeastern Nevada, in preparation for future drill programs.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Source: Canada NewsWire (January 31, 2008 - 12:00 PM EST)
http://investorshub.advfn.com/boards/board.asp?board_id=7231
NYBob
17 years ago
J-Pacific Intersects 37.5g Au/t over 11.2 metres at the Elizabeth Southwest Gold Vein
Thursday September 13, 9:31 am ET
VANCOUVER, Sept. 13 /CNW Telbec/ -
J-Pacific Gold Inc. -
("J-Pacific"; TSXV - JPN, OTCBB - JPNJF) said today that it
had intersected 37.5g Au/t over 11.2 metres
(1.09oz Au/t over 37.0 feet) at its
Elizabeth Gold Property,
located in the Lillooet Mining District of British Columbia,
approximately 220 kilometres (135 miles) north of Vancouver.
In making the announcement today, Nick Ferris,
J-Pacific's President and CEO, said, "This is the just
the first of 12 holes to report from the 2007 Elizabeth
drill program.
We look forward to the results of the remaining drill
holes with great anticipation."
Mr. Ferris also noted that
the Elizabeth Gold Property
is centrally located in prospective terrain 30 kilometres
(18 miles) south-southwest of the permitted mill at
the J-Pacific-owned Blackdome Gold Mine,
and 30 kilometres (18 miles) north-northeast of the
historic gold mining town of Bralorne,
where over four million ounces of gold have been produced.
"We're extremely fortunate that the Elizabeth Gold Property's
proximity to the permitted gold mill at
J-Pacific's Blackdome Gold Mine
means any eventual production from Elizabeth could be
accommodated at the Blackdome facility, adding to any
future production at Blackdome," said Mr. Ferris,
pointed out that the high grades identified in several
veins at the Elizabeth Property as well as its location
make it an attractive exploration target that can be
rapidly advanced.
In response to the results, John Harrop P.Geo.,
J-Pacific's senior geologist, said, "We are very pleased.
The presence of visible gold in core, coupled with the
width of the intersection, enabled us to use subsequent
holes to test the orientation of this emerging zone.
The J-Pacific technical team is studying the significance
of the new results in targeting prospective mineralized
zones along the Southwest and adjacent veins."
Maps illustrating the relative position of drill hole
E07-43 with respect to others in the 2007 program and
previous programs, along with photos, are posted on
the J-Pacific website.
The characteristics of this hole and the assay results are presented in the table below.
http://files.newswire.ca/357/REM16355_JPN_MAP.pdf
<<
Elizabeth Gold Property 2007 Drill Program
Assay Results from Drill Hole E07-43
-------------------------------------------------------------------------
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Hole ID UTM_E UTM_N Azimuth Plunge Length Length
(degree) (degree) m feet
-------------------------------------------------------------------------
E07-43 531220 5653773 180 55 111.9 367.0
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-------------------------------------------------------------------------
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Drill Hole Interval Core Width Assays
From To m feet (g Au/t)(oz Au/t)
(m) (m)
-------------------------------------------------------------
E07-43 84.35 95.53 11.18 36.7 37.5 1.09
including 84.35 85.05 0.70 2.3 14.44 0.42
85.05 86.00 0.95 3.1 330.88 9.65
86.00 88.10 2.10 6.9 1.07 0.03
88.10 88.85 0.75 2.5 39.63 1.16
88.85 90.53 1.68 5.5 1.88 0.05
90.53 92.28 1.75 5.7 1.71 0.05
92.28 93.20 0.92 3.0 10.37 0.30
93.20 94.13 0.93 3.1 6.17 0.18
94.13 95.53 1.40 4.6 29.70 0.87
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-------------------------------------------------------------
(x) Core-length intervals; true widths are approximately 70 to 80 per
cent of reported core-length intervals.
>>
BACKGROUND
The 2007 drill program comprises 14 holes, totalling approximately 1,725 metres. Twelve of the 14 holes successfully reached their intended targets. The drilling focused on infill drilling, to connect areas of known mineralization in the Southwest Zone, with the goal of developing sufficient new data to support a geological estimate of potential mineral resources.
Replicate samples were analyzed for all intervals discussed in this news release. Analytical work was performed by Acme Analytical Laboratories Ltd of Vancouver, Canada, an ISO 9001 certified company. Assay work is supervised by British Columbia Certified Assayers. Samples submitted to Acme were dried and then crushed to 70% passing through a 10 mesh screen (2 millimetre or smaller fragments). Splits of 500 grams were taken from this material and pulverized so that 95% of the material passed through a 150 mesh screen. A 30 gram sample was taken for fire assay from the fine fraction. The coarse fraction was weighed and all coarse material used for assay. A weighted average was used to combine the results to represent the gold content of the 500 gram sample. Two 500 gram samples if the initial crush were used to replicate the analysis. Some difference in gold levels is expected due to the natural gold variation within the sample. Variation between the replicates was within expected ranges and the weighted average of the combined intervals did not differ significantly. Details of the individual assays may be found on the J-Pacific web site.
Coast Mountain Geological Ltd., a Vancouver-based geological services consulting company, is undertaking the exploration program under the supervision of John Harrop P.Geo, J-Pacific's Senior Geologist and the qualified person for this project as defined by NI 43-101 regulations, who has reviewed and approved this news release.
From time to time, J-Pacific raises exploration funds from the issue of flow-through shares. This latest drilling program was made possible in part by flow-through financing arranged with the MineralFields Group.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward-looking statements include comments regarding the establishment and estimates of mineral reserves (and non-reserve mineralized material), future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues; and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.
The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
For further information
visit
http://www.jpgold.com
or call or e-mail: Media Inquiries: Victor Webb/Madlene Olson, Marston Webb International, (212) 684-6601, Fax: (212) 725-4709, marwebint@cs.com
Investor Relations: Renmark Financial Communications Inc.: Neil Murray-Lyon: nmurraylyon@renmarkfinancial.com
Jen Power: jpower@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717
www.renmarkfinancial.com
J-Pacific Gold Inc.: (888) 236-5200, Fax: (604) 684-6678, info@jpgold.com
Source: J-Pacific Gold Inc.
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