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Post by Franko10 ™ on Jul 27, 2005 9:39:07 GMT -5
J-Pacific Gold to Start Drilling at HC in Nevada's Battle Mountain Trend (bwire)
VANCOUVER, British Columbia (Business Wire) -- J-Pacific Gold Inc. (TSX VENTURE:JPN)(OTCBB:JPNJF) ("J-Pacific") is pleased to report that it has commenced a reverse circulation drilling program on its HC Project in the Pipeline-Cortez area of the Battle Mountain-Eureka Gold Trend in northeastern Nevada. HC is proximal to the successful Cortez Joint Venture (Placer Dome/Kennecott) area, which includes the recently discovered Cortez Hills, Pediment and ET Blue deposits, as well as the Pipeline, South Pipeline, Gold Acres and Cortez Mines. The Battle Mountain-Eureka Gold Trend has published reserves and past production of over 20,000,000 ounces of gold, and is one of the major loci of gold exploration in Nevada.
The drilling program will consist of five reverse circulation holes to depths of approximately 1500 feet (455 metres) to test a strong geochemical anomaly associated with a northwest trending fault. The primary target is gold-bearing breccias developed at a buried formation contact (Webb-Devil's Gate) along the upthrown eastern side of this "feeder" structure.
Jipangu Inc. of Tokyo, Japan is funding exploration at the HC Project in partial fulfillment of an option to a joint venture agreement dated April 1, 2004. Jipangu Inc. is the controlling shareholder of J-Pacific, and the companies have two directors in common.
Mr. Dana Durgin C.P.G., of Reno, Nevada, a qualified person as defined by NI 43-101, has been retained to manage the exploration program.
On behalf of the Board of Directors,
N. Ferris, President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
J-Pacific Gold Inc. (TSX VENTURE:JPN) (OTC Bulletin Board:JPNJF)
J-Pacific Gold Inc.
Investor Relations
Toll Free: 1-888-236-5200
ir@jpgold.com
www.jpgold.com
VANCOUVER, British Columbia (Business Wire) -- J-Pacific Gold Inc. (TSX VENTURE:JPN)(OTCBB:JPNJF) ("J-Pacific") is pleased to report that it has commenced a reverse circulation drilling program on its HC Project in the Pipeline-Cortez area of the Battle Mountain-Eureka Gold Trend in northeastern Nevada. HC is proximal to the successful Cortez Joint Venture (Placer Dome/Kennecott) area, which includes the recently discovered Cortez Hills, Pediment and ET Blue deposits, as well as the Pipeline, South Pipeline, Gold Acres and Cortez Mines. The Battle Mountain-Eureka Gold Trend has published reserves and past production of over 20,000,000 ounces of gold, and is one of the major loci of gold exploration in Nevada.
The drilling program will consist of five reverse circulation holes to depths of approximately 1500 feet (455 metres) to test a strong geochemical anomaly associated with a northwest trending fault. The primary target is gold-bearing breccias developed at a buried formation contact (Webb-Devil's Gate) along the upthrown eastern side of this "feeder" structure.
Jipangu Inc. of Tokyo, Japan is funding exploration at the HC Project in partial fulfillment of an option to a joint venture agreement dated April 1, 2004. Jipangu Inc. is the controlling shareholder of J-Pacific, and the companies have two directors in common.
Mr. Dana Durgin C.P.G., of Reno, Nevada, a qualified person as defined by NI 43-101, has been retained to manage the exploration program.
On behalf of the Board of Directors,
N. Ferris, President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
J-Pacific Gold Inc. (TSX VENTURE:JPN) (OTC Bulletin Board:JPNJF)
J-Pacific Gold Inc.
Investor Relations
Toll Free: 1-888-236-5200
ir@jpgold.com
www.jpgold.com
