VANCOUVER, June 14, 2011 /PRNewswire/ - Brad J. Moynes, President of Jet Gold Corp. (the "Company" or "Jet Gold") (TSX-V: JAU) is pleased to announce that the exploration and drill program on the Big Hammer Gold discovery located in Terrace, British Columbia started June 10, 2011. Excavation and trenching will further increase exposure of mineralization along the previously identified (380 Vein). Developed road and bridge infrastructure exists on the property enabling premium access to all diamond drill site locations. Extensive airborne geophysics and mapping will also be completed.
Recent activity on the property by the local forestry licensee includes upgrading 3 kilometers of the Branch 100 road a replaced bridge and many drainage systems. The work has upgraded the road from inactive to active status allowing the timber to be hauled from several clear cut areas within the Company's claim groups. Timber harvesting is also ongoing along the main valley-bottom road and has exposed many acres for further exploration that otherwise would have been covered by heavy timber. The combined timber harvesting, road and bridge construction have provided Jet Gold major cost savings and has accelerated efforts required to define immediate drill targets.
In addition, the Company has submitted a multi-year exploration permit (Notice of Work) on the Kshish molybdenum property. This permit is for a multi-phase program which includes diamond drilling on the known mineralized zones as well as drilling on areas of anomalous molybdenum in soils. Airborne geophysics, general prospecting and geological mapping are scheduled for July 2011. This work will follow-up on work completed in 2007 and assist in defining drill targets.
For more information about the Company, please visit www.jetgoldcorp.com.
On behalf of the board of directors,
Jet Gold Corp.
"Brad J. Moynes"
Brad J. Moynes
President & CEO
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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.