=======================================================================
Re: News Release - Wednesday, February 24, 2010
Assay Results From Big Hammer -- Gold-Silver-Tellurium
=======================================================================
Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU) is pleased to
announce assay values from its proposed acquisition of the Big Hammer
gold-silver-tellurium (Au-Ag-Te) property. The acquisition of the Big
Hammer property is subject to the approval of the TSX Venture Exchange.
Big Hammer's Au-Ag-Te mineralization was first discovered in 2007 when
new logging roads revealed a thick series of sheeted, low-angle
quartz-pyrite veins. Assays from 2008 and 2009 returned significant
results. Chip samples across a one-meter-thick vein in the "380 Zone"
(at 380 meters elevation) assay up to 26.2 gpt Au (0.77 opt Au) and 264
gpt Ag (7.77 opt Ag). A single grab sample (sample #G073029) returned
50.2 gpt gold (1.48 opt), 522 gpt silver (15.4 opt) and 451 gpt Te.
Tellurium is an industrial mineral with a limited supply and a growing
demand. Demand for tellurium in solar energy cells is starting to
define the demand side of the market. It has been estimated that
tellurium will remain somewhere above $250 US/kg.
Big Hammer property consists of six tenures totaling 1,617 hectares
(3,996 acres) located 13 km southeast of Terrace B.C. on the south side
of Thornhill Mountain. Big Hammer is serviced by a paved public road
and is accessible in all seasons. Permitting for 2010 exploration was
submitted in early February. Surface exploration activities planned
for 2010 and 2011 include sequential programs of mapping, surface
sampling, trench sampling, drilling, and bulk sampling.
The newly-recognized "625 Zone" (625 m elev.) is a group of five veins
within a zone approximately 40 meters wide. The thickest of these
veins is two meters in roadcrop. Grab samples have returned values of
up to 14.6 gpt Au (0.42 opt Au).
Up to 380 ppm bismuth (Bi) is associated with Au-Ag-Te in samples from
the "380" Zone. Anomalous trace elements from veins in higher
roadcrops (to 625 meters elevation) at Big Hammer include bismuth (to
140 ppm Bi) and tungsten (to 1,900 ppm W).
Deposit analogs, given Big Hammer is in the early stages of
exploration, are the reduced intrusion-related gold systems at Fort
Knox and Dublin Gulch. These deposits include sheeted, often
low-angle, quartz veins with Au-Bi-Te-W mineralization.
Results stated in this report are non-NI 43-101 compliant and as such
are subject to change as further work is undertaken on the property.
The information contained in this news release has been reviewed and
approved by Donald G. Strachan, MSc., CPG, Geologist, a Qualified
Person as defined 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, 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.
Caution Regarding Forward-Looking Information
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.
=======================================================================
Copyright (c) 2010 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 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |