VANCOUVER, Nov. 3, 2011 /PRNewswire/ - Jet Gold Corp. (TSXV: JAU) today announced the completion of the phase-one drilling program at its Big Hammer property near Terrace, BC. Mineralized core from the 830-meter Big Hammer gold drilling program has been shipped to AGAT Laboratories' facility in Missassuga, ON for assay. Results are expected by mid-November.
Trench samples at the original "380" roadcrop with up to 93 g/t gold (see September 28th press release) were followed up in October by seven close-spaced drill holes (20-meter centers) and four step-out holes at the Big Hammer gold property. Quartz -sulfide-telluride vein and shear mineralization within quartz-chlorite alteration envelopes the low-angle "380 Fault" at Big Hammer, extending 260 meters horizontally and at least 120 meters down structural dip from outcrop.
Five new surface grab samples 200 meters east of the original "380" roadcrop returned the following results - Gold: 29.9 g/t, 20.9 g/t, 17.7 g/t, 9.9 g/t and 0.2 g/t; Silver: 429 g/t, 284 g/t, 335 g/t, 174 g/t and 15.7 g/t; Tellurium: 314 g/t, 213 g/t, 145 g/t, 104 g/t and 5.2 g/t.
Donald G. Strachan, JetGold's Consulting Geologist and QP at Big Hammer, says " I am grateful for the geologic continuity of structure, alteration and mineralization seen in every hole to date, and am confident this structural horizon will be extended by future drilling phases. Banded quartz-sulfide-telluride vein intercepts up to one meter are present in seven of the 11 holes drilled through the quartz-chlorite-flooded 380 Fault. Multiple quartz-sulfide-telluride vein intercepts within the 380 Fault were encountered by four of the 11 holes. Substantial vein thicknesses and grades are reasonable expectations along the 380 Fault at Big Hammer."
Further information, including assay results, will be provided upon receipt from AGAT.
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.
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 two precious metal properties [Big Hammer and Silver Bay] and one 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||Copper/Molybdenum (Mo/Cu) 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 CN Rail lines 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
Jet Gold Corp. TSX.V: JAU
"Brad J. Moynes"
Brad J. Moynes
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SOURCE Jet Gold Corp.