J-Pacific Commences Drilling Program
at the Elizabeth Southwest Gold Vein
Drill program to follow up on discovery of high-grade intercepts
VANCOUVER, JUNE 19, 2007 – J-Pacific Gold Inc. (TSXV – JPN, OTCBB – JPNJF) is pleased to announce that it has commenced a 2,000-metre drill program at the Elizabeth Gold Property. The property is located in the Lillooet Mining District of British Columbia, approximately 220 kilometres north of Vancouver and 70 kilometres north-northwest of the town of Lillooet.
The mineralized zones of the Southwest Vein area, discovered by J-Pacific in 2003 and drilled in 2004 and 2005, will be targeted along with other zones on the No. 9 Vein. Highlights of the 2004 and 2005 Southwest Vein drill programs included 88.47g Au/t over two metres, 5.33g Au/t over 7.85 metres, 4.53g Au/t over 4.5 metres, and 20.0g Au/t over one metre (reported as drill hole intervals and not true widths). The latest program targets potential zones of gold mineralization in the No. 9 area while seeking to extend the zones of known mineralization in the Southwest Zone, with the goal of developing a mineral resource base.
In making the announcement today, Nick Ferris, J-Pacific’s President and CEO, said the planned drilling build on the successes of the 2004 and 2005 results. “Our goal is to develop a resource base at Elizabeth. If we’re successful, then we’ll add considerable value to the entire Blackdome-Elizabeth camp,” Mr. Ferris said.
J-Pacific currently holds permits for the work, which it plans to complete by the end of July 2007.
Coast Mountain Geological Ltd., a Vancouver-based geological services consulting company, is undertaking the exploration program under the supervision of John Harrop, J-Pacific’s qualified person for this project as defined by NI 43-101 regulations, who has reviewed and approved this news release.
OTHER BACKGROUND
The Elizabeth Gold Property, 11,590 hectares of owned and optioned Crown grants and mineral claims, is centrally located in prospective terrain 30 kilometres south-southwest of the permitted mill at the J-Pacific-owned Blackdome Gold Mine, and 30 kilometres north-northeast of the historic gold mining town of Bralorne, where over four million ounces of gold have been produced. The Elizabeth Gold Property’s proximity to J-Pacific’s permitted gold mill at the Blackdome Gold Mine means any eventual production from Elizabeth could be accommodated at the Blackdome facility, complimentary to any future production at Blackdome. The high grades identified in several veins and its location make the Elizabeth Property an attractive exploration target that can be rapidly advanced.
On behalf of the Board of Directors
“N. Ferris”
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, visit www.jpgold.com, or call or e-mail:
Contact:
Nick Ferris, President & CEO
J-Pacific Gold Inc.
Tel: +1 (888) 236-5200
Fax: +1 (604) 684-6678
E-mail: info@jpgold.com
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Media Inquiries:
Victor Webb/Madlene Olson
Marston Webb International
Tel: +1 (212) 684-6601
Fax: +1 (212) 725-4709
E-mail: marwebint@cs.com
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Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward-looking statements include comments regarding the establishment and estimates of mineral reserves [and non-reserve mineralized material], future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause
actual results
to
differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues; and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by
management.
The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management’s estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested is contained in the Company’s filings with the Securities and Exchange
Commission (SEC) over the past 12 months,
copies
of which are available from the SEC or may be obtained upon request from the Company.
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