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Re: News Release - Monday, June 02, 2008
Jet Gold Naskeena Drilling Update
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June 2, 2008 - Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU)
("Jet Gold" or the "Company") is pleased to announce that it has
started its summer
Diamond drilling program on the Naskeena coal
project ("Naskeena ") property near Terrace, British Columbia, Canada.
The property is located 65km north of Terrace and is serviced by a two
lane all-weather paved road.
Jet Gold has executed a
Diamond drilling contract for further
development at the Naskeena coal project with a Terrace based
contractor. The contract covers a minimum first phase program of
10,000 feet and an open ended amount in a second phase. The Company
has laid out the drill program to take advantage of the existing road
network which covers the entire property as well as to work within the
logistical constraints of the property. On the advice of the project
geologist, the drill core size has been increased this year to HQ
(63mm) from NQ (47mm) to increase coal bed recovery and reduce grinding
of some coal beds which did occur last year. As well, the contractor
is also set up for HQ3 which is a triple tube configuration designed to
provide maximum recovery and minimal disruption of soft core. This
year's program will also see the drill move from the discovery area
near the boundary of the basin to the main central part of the basin.
WHC Drilling of Terrace has purchased a track mounted Longyear 38
specifically for drilling on the Naskeena and its crew has been
selected based on coal drilling experience. The Company anticipates
that the drilling will continue well into fall or early winter.
Now that the Company has a firm contract with a local driller, the
Company is poised for a full season of work on its coal property in
northwest British Columbia. With the current high demand for coal the
Company's work program is expected to capitalize on this trend.
The Naskeena project encompasses an area of approximately 17 square
miles and is located 60-65 kilometers from Terrace, B.C., adjacent to
the highway and about 160 kilometers from the coal port at Prince
Rupert, BC. Previous historical reports on the property have suggested
a potential large tonnage resource of high-grade coal, however, these
reports were only estimates and not National Instrument
43-101compliant.
The information contained in this news release has been reviewed and
approved by Alex Burton, P.Geo., P.Eng., 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
This news release was prepared by JAU management, which takes full
responsibility for its contents. The TSX-V has not reviewed and does
not accept responsibility for the adequacy or accuracy 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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