Jet Gold Completes NI 43-101 Compliant Report on Naskeena Coal
23 Avril 2008 - 6:26PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: JAU), is pleased to
report that a National Instrument ("NI") 43-101 compliant technical
report has been completed on the Company's Naskeena Coal Project
located north of Terrace, BC. The Technical Report, prepared by
Brian Simmons, P.Eng., reports on the work done during the summer
of 2007 and outlines recommendations for additional work on the
property. The complete Report will be available for review on the
SEDAR web site at www.sedar.com and on the Company's web site at
www.jetgoldcorp.com.
During 2006, the Company carried out initial mapping and map
preparation including the acquisition of air reconnaissance and
satellite photos and the review of Ministry of Mines Reports for
the property and surrounding area. Further work consisted of
excavator trenching to expose the outcropping coal beds so that a
drilling program could be laid out. During 2007 the Company drilled
sixteen vertical NQ diamond drill holes totaling 1215 meters. A
total of $270,615 was spent on exploration.
The next phase will consist of drilling to outline open pit
mineable beds along with their thickness characteristics and
potential open pit mining attributes. In the opinion of the
qualified person, "the character of the Naskeena project is
sufficient to merit an exploration program costing $550,000". This
program would consist primarily of additional drilling to delineate
the coal seams. Contingent upon favorable results from the Phase 1
work program, a carefully thought out Phase 2 program would include
additional drilling, a bulk coal sample and a NI 43-101
resource/reserve estimate.
Brian Simmons, P.Eng., a qualified person as defined by NI
43-101, prepared the Technical Report.
On behalf of the Board of Directors of Jet Gold Corp.
Robert L. Card, President
This news release was prepared by management of JAU, which takes
full responsibility for its contents.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy of this news release.
Contacts: Jet Gold Corp. Robert L. Card President (604) 687-7828
(604) 687-7848 (FAX) Email: Jetgoldcorp@shaw.ca Website:
www.jetgoldcorp.com
Jet Gold Corp. (TSXV:JAU)
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