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Re: News Release - Monday, July 14, 2008
Jet Gold Adds Area to Naskeena Coal Property
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July 14, 2008, Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU)
("Jet Gold" or the "Company") is pleased to announce that the Company
has applied to the British Columbia Department of Energy, Mines and
Petroleum Resources for an additional coal license adjoining its
present coal tenures.
This coal license is located adjacent to and on the southern boundary
of the Company's present coal licences which cover the Naskeena
property. The application, which must be reviewed and offered by the
government, is for 1,500 hectares or approximately 3,750 acres. It
adds about 33% to the Company's Naskeena property bringing the total
area under licence or application to approximately 6,000 hectares
(14,800 acres). The Company's Geological Consultant, Alex Burton,
P.Eng. P.Geo., has recommended the additional area based on a review of
the surface geology and coal cuttings found adjacent to an old drill
hole. This recommendation and promising early results from the 2008
drill program have prompted the application for additional ground by
the Company.
The Company is presently engaged in its summer program of diamond
drilling on the property and will have some drilling results to report
in the near future. Drilling is going well at this time and is focused
on an apparent upper coal bearing section. As well, the switch to
larger 2.5" diameter core, versus the 1.75" diameter core used in 2007
is yielding better results with regard to more core recovery and less
core grinding. At this time it is observed that there may be up to
three sedimentary regimes containing coal beds within the sedimentary
suite and significant drilling will be required to report on them with
regard to linkage or connectivity.
The Naskeena property is located near Terrace, British Columbia, Canada
about 60km north of Terrace and is serviced by a two lane all weather
paved highway. Access to the Naskeena is exceptional due to this road
and the proximity to the Port of Prince Rupert.
The information contained in this news release has been reviewed and
approved by Alex Burton, P.Eng. P.Geo., a qualified person under the
definitions established by 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
Jet Gold Corp.
604-687-7828
Robertcard@shaw.ca
www.jetgoldcorp.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release.
All statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks and
uncertainties, including, without limitation, statements regarding the
potential extent of mineralization and reserves, exploration results
and future plans and objectives of Jet Gold Corp. These risks and
uncertainties include, but are not restricted to, the amount of
geological data available, the uncertain reliability of drilling
results and geophysical and geological data and the interpretation
thereof, and the need for adequate financing for future exploration and
development efforts. There can be no assurance that such statements
will prove to be accurate. Actual results and future events could
differ materially from those anticipated in such statements. These and
all subsequent written and oral forward-looking statements are based on
the estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice. The Company
assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.
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Copyright (c) 2008 JET GOLD CORP. (JAU) All rights reserved. For more
information visit our website at http://www.jetgoldcorp.com/ or send
mailto:info@jetgoldcorp.com
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