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Post by Franko10 ™ on Jun 29, 2005 14:35:02 GMT -5
J-Pacific Commences Drill Program at the Elizabeth Southwest Gold Vein
13:04 EDT Wednesday, June 29, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2005) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce that a 3,000-metre (10,000 feet) diamond drilling program has commenced on the Elizabeth Project in the Lillooet Mining District of south central British Columbia. The mineralized zones of the Southwest Vein area discovered in 2003 and drilled in 2004 will be targeted. Highlights of the 2004 drill program included 88.47 g Au/t over 2 metres (2.60 oz Au/t over 6.6 feet), 5.33 g Au/t over 7.85 metres (0.16 oz Au/t over 25.75 feet), 4.53 g Au/t over 4.5 metres (0.13 oz Au/t over 14.76 feet) and 20 g Au/t over 1 metre (0.65 oz Au/t over 3.3 feet). The new program will test the continuity and the northern extent of the gold mineralization and the host structures, and will further define the gold zones within the structures.
The Elizabeth Gold Property, consisting of 8,625 hectares (21,217 acres) of owned and optioned crown grants and mineral claims, is centrally located in prospective terrain 30 kilometres (18 miles) south southwest of the permitted mill at the J-Pacific owned Blackdome Gold Mine, and 30 kilometres (18 miles) north northeast of the historic gold mining town of Bralorne, where over four million ounces of gold have been produced. Given the proximity to our permitted gold mill at the Blackdome Gold Mine, any eventual production from the Elizabeth Property could be accommodated at the Blackdome facility, and could be complimentary to any future production at Blackdome. The high grades identified in several veins and the property location make the Elizabeth Project an attractive exploration target that can be rapidly advanced.
Gregory Z. Mosher, P.Geo. of Wardrop Engineering Inc. of Vancouver, B.C., a qualified person as defined by National Instrument 43-101, has been retained to manage the exploration program.
On behalf of the Board of Directors,
N. Ferris, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
13:04 EDT Wednesday, June 29, 2005
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 29, 2005) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce that a 3,000-metre (10,000 feet) diamond drilling program has commenced on the Elizabeth Project in the Lillooet Mining District of south central British Columbia. The mineralized zones of the Southwest Vein area discovered in 2003 and drilled in 2004 will be targeted. Highlights of the 2004 drill program included 88.47 g Au/t over 2 metres (2.60 oz Au/t over 6.6 feet), 5.33 g Au/t over 7.85 metres (0.16 oz Au/t over 25.75 feet), 4.53 g Au/t over 4.5 metres (0.13 oz Au/t over 14.76 feet) and 20 g Au/t over 1 metre (0.65 oz Au/t over 3.3 feet). The new program will test the continuity and the northern extent of the gold mineralization and the host structures, and will further define the gold zones within the structures.
The Elizabeth Gold Property, consisting of 8,625 hectares (21,217 acres) of owned and optioned crown grants and mineral claims, is centrally located in prospective terrain 30 kilometres (18 miles) south southwest of the permitted mill at the J-Pacific owned Blackdome Gold Mine, and 30 kilometres (18 miles) north northeast of the historic gold mining town of Bralorne, where over four million ounces of gold have been produced. Given the proximity to our permitted gold mill at the Blackdome Gold Mine, any eventual production from the Elizabeth Property could be accommodated at the Blackdome facility, and could be complimentary to any future production at Blackdome. The high grades identified in several veins and the property location make the Elizabeth Project an attractive exploration target that can be rapidly advanced.
Gregory Z. Mosher, P.Geo. of Wardrop Engineering Inc. of Vancouver, B.C., a qualified person as defined by National Instrument 43-101, has been retained to manage the exploration program.
On behalf of the Board of Directors,
N. Ferris, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
(604) 684-6677 or Toll Free: 1-888-236-5200
(604) 684-6678 (FAX)
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
