Jet Gold Corp

Published : October 01st, 2009

Acquires Gold Property in Well Known Gold District

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Gold Mine | Rare Earth | Silver |
=======================================================================
      Jet Gold Acquires Gold Property in Well Known Gold District
=======================================================================

Robert L. Card, President of Jet Gold Corp., (the "Company") (TSXV:
JAU) is pleased to report that the Company has entered into an option
agreement to acquire the Virginia gold property (the "Property")
located in the Sheep Tanks Mining District in La Paz County, Arizona
(the "Acquisition") a well known gold producing area.

The property is located about two miles northwest of the former
producing Verdstone gold mine which was mining grades of 0.5oz/T gold
and 5oz/T silver when it was in production.

The Virginia gold property is an epithermal type of deposit typical of
the Verdstone and former producing Sheep Tanks mines in the District.
The Virginia has a well developed epithermal alteration system around
it.  The previous owner reported gold and silver values in the vein at
surface, as well as a 0.6 opt sample in a shaft.  These reports are
anecdotal and therefore not to be relied upon. The possibility of
finding and proving a mineable oreshoot close to the surface as well as
at depth makes this property an attractive geological exploration
target.

The property has excellent infrastructure in place, located about 100
miles west of Phoenix and 14 miles south of Highway I-10, and serviced
by all-weather roads from the nearby towns of Quartzite and Salome, AZ.

The terms of the acquisition include a payment of US$5,000 upon
signing, additional annual payments of US$5,000 for the next three
years, or after the expenditure on the property of US$100,000 per year,
for an aggregate of US$300,000.  In addition, the Company will issue
100,000 common shares after the expenditure of each US$100,000 in the
above three years. A 2% NSR is payable on production which the Company
may acquire by the payment of one million US dollars.

A work program of trenching, sampling and geological reconnaissance
along with an IP survey to develop drill targets is planned for
November/December 2009.
The Company is reviewing several gold properties with plans to expand
and develop gold assets in North America.  The Kshish molybdenum
property is very promising and the Company plans to continue its work
program scheduled for October.  Part of the program is to complete
testing of the property samples for precious, rare earth and exotic
minerals.

This news release has been reviewed and approved by Alex Burton,
P.Eng., P.Geo., a qualified person as defined in National Instrument
43-101.

On behalf of the Board of Directors
Jet Gold Corp

"Robert L. Card"

Robert L. Card
President

Investor Contact:
Robert L. Card, President
604-687-7828
Jetgoldcorp@shaw.ca
www.jetgoldcorp.com

Neither 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

=======================================================================
Copyright (c) 2009 JET GOLD CORP. (JAU)  All rights reserved.  For more
information visit our website at http://www.jetgoldcorp.com/ or send
mailto:info@jetgoldcorp.com
=======================================================================
.
<

Jet Gold Corp

EXPLORATION STAGE
CODE : JAU.V
ISIN : CA47712W3075
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

JetGold is a gold exploration company based in Canada.

JetGold holds various exploration projects in Canada.

Its main exploration properties are VIRGINIA in USA and KSHISH in Canada.

JetGold is listed in Canada. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.2 millions, € 1.1 millions).

Its stock quote reached its highest recent level on May 25, 2007 at CA$ 97.55, and its lowest recent point on September 04, 2015 at CA$ 0.03.

JetGold has 13 069 728 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Jet Gold Corp
4/27/2011ANNOUNCES FLOW THROUGH AND NON FLOW THROUGH FINANCING
9/12/2008Private Placement
4/29/2008Private Placement
4/4/2006Arranges private placement
Nominations of Jet Gold Corp
10/24/2012Appoints New Chairman & CEO
2/23/2011Jet Gold Appoints Mr. Tyrone Docherty to Board
Project news of Jet Gold Corp
4/12/2011Announces Spring 2011 Work Program
9/25/2009(Naskeena)Naskeena Update
7/14/2008(Naskeena)Adds Area to Naskeena Coal Property
6/2/2008(Naskeena)Naskeena Drilling Update
4/23/2008(Naskeena)Completes NI 43-101 Compliant Report On Naskeena Coal
Corporate news of Jet Gold Corp
6/14/2011PROVIDES BIG HAMMER GOLD EXPLORATION UPDATE
2/24/2010Assay Results From Big Hammer -- Gold-Silver-Tellurium
10/1/2009Acquires Gold Property in Well Known Gold District
8/14/2008Exploration Update
3/19/2008Naskeena Drilling Update
12/3/2007Acquires Kshish Molybdenum property
9/28/2007And Leeward Capital Suspending Myanmar Operations
3/23/2006acquires lost coal property
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (JAU.V)
0.125-3.85%
TSX-V
CA$ 0.125
11/14 14:42 -0.010
-3.85%
Prev close Open
0.130 0.115
Low High
0.115 0.150
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.125 -3.85%
Volume 1 month var.
126,500 -3.85%
24hGold TrendPower© : 2
Produces
Develops
Explores for Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/17/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.11+2.21%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.90%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.47+3.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.25-3.42%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-3.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.57+0.84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :