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Post by Franko10 ™ on Mar 2, 2005 8:41:55 GMT -5
December 18, 2002
ELIZABETH GOLD PROJECT RESULTS:
High grade gold mineralization confirmed, two veins tested by drilling, new mineralization discovered.
The Board of Directors of J-Pacific Gold Inc. is pleased to announce the results of a 1,682 metre (5,518 foot) diamond drill program completed on the Elizabeth Gold Project in the Lillooet Mining Division of British Columbia. In addition to the drilling, two grid geochemical surveys, surface and underground sampling, and geologic mapping have been completed.
The Elizabeth Gold Project, consisting of 2,200 hectares (5,436 acres) of owned and optioned crown grants and mineral claims, is located 30 kilometres (18 miles) south southwest of the permitted mill at the J-Pacific-Jipangu Inc. owned Blackdome Gold Mine. Given the proximity and the easily upgradeable access to Blackdome, the Elizabeth Gold Project could be complimentary to any future production using the Blackdome facility.
DIAMOND DRILLING
The diamond drill program consisted of 16 holes, ranging in depth from 45 to 293 metres (148 to 961 feet), and was designed to test projections of the previously identified Main and West veins over a strike length of 320 metres (1,050 feet) and to a depth of 150 metres (490 feet) below surface. These veins had returned high-grade values in underground samples taken by previous operators. Although drilling of veins containing coarse gold rarely returns grades reflective of the true grade of the vein, it can demonstrate the presence and width of a vein, and that it is mineralized.
This drilling demonstrated the probable continuity of veins between the surface and the various underground exposures. Most holes encountered one or more veins, and confirmed the occurrence of significant gold mineralization in a number of intersections, the best being in drill hole 02-02, which produced results of 7.74g Au/tonne (0.226oz Au/ton) over 3.3 metres (10.83 feet), including 13.50g Au/tonne (0.394oz Au/ton) over 0.55 metres (1.80 feet). Mineralized intercepts are shown in the following table.
DDH
No.
Intersection
From - To (metres)
Core
Length (metres)
Core Length
(feet)
Gold
(g/tonne)
Gold
(oz/ton)
Zone
02-01
24.15 - 24.45
0.30
0.98
2.12
0.062
West Vein
02-02
44.25 - 44.80
0.55
1.80
13.50
0.394
West Vein
02-02
44.80 - 45.85
1.05
3.44
8.33
0.243
West Vein
02-02
45.85 - 47.55
1.70
5.58
5.52
0.161
West Vein
02-03
49.45 - 50.90
1.45
4.76
3.50
0.102
West Vein
02-03
57.75 - 58.85
1.10
3.61
3.85
0.112
West Vein
02-10
39.70 - 40.40
0.70
2.30
3.23
0.094
West Vein
02-14
57.00 - 61.60
4.60
15.09
Values to 0.40
Values to .011
Main Vein
02-14
65.05 - 65.40
0.35
1.15
0.79
0.023
New? Vein
02-14
135.20 - 135.90
0.70
2.30
1.03
0.030
New? Vein
02-14
240.05- 241.10
1.05
3.44
0.99
0.029
West Vein
02-14
245.00 - 246.25
1.25
4.10
1.09
0.032
West Vein
02-15
59.85 - 63.40
3.55
11.65
Values to 0.59
Values to 0.017
Main Vein
SAMPLING PROGRAMS
Underground sampling was carried out to verify the occurrence of high-grade gold mineralization documented by previous workers. Surface sampling targeted a newly discovered porphyry hosted quartz stockwork zone and quartz float found during the course of grid sampling.
1. Underground Sampling
The underground sampling consisted of five large “chip-channel” samples, which duplicated the location of earlier samples as closely as possible. A strong correlation was not expected because of the reported coarse nature of the gold in the veins. The samples were submitted to ALS Chemex Labs of Vancouver, BC for screened (metallics) fire assay to determine the size distribution of the gold particles.
The analyses confirmed that the majority of the gold values are contained in the coarse fraction and that a strong “nugget effect” can be expected in sample results. This work also confirmed the occurrence of high-grade gold mineralization in the West Vein and supported the occurrence of similar mineralization in other veins as indicated by previous sampling. The results are presented in the following table.
Sample No.
VA-1
VA-2
VA-3
VA-4
VA-5
Old Value (1990) 132.6 g/t
(3.87opt)
349.4 g/t
(10.20opt)
317.0 g/t
(9.26opt)
261.6 g/t
(7.64opt)
109.7 g/t
(3.20opt)
Width 1.2m
(3.94ft)
1.3m
(4.27ft)
0.5m
(1.64ft)
0.2m
(0.66ft)
0.3m
(0.98ft)
New Value: Total 16.25 g/t
(0.47opt)
1.64 g/t
(0.05opt)
0.46 g/t
(0.01opt)
144 g/t
(4.20opt)
2.08 g/t
(0.06opt)
Plus Fraction 156 g/t
(4.56opt)
23.2 g/t
(0.68opt)
6.97 g/t
(0.20opt)
>1000 g/t
(>29.20opt)
57.5 g/t
(1.68opt)
Minus Fraction 14.25 g/t
(0.42opt)
1.25 g/t
(0.04opt)
0.41 g/t
(0.01opt)
94.3 g/t
(2.75opt)
1.57 g/t
(0.05opt)
Sample Width 0.8m
(2.62ft)
0.7m
(2.30ft)
0.6m
(1.97ft)
0.4m
(1.31ft)
0.25m
(0.82ft)
2. Surface Sampling
Surface sampling was focused on two areas, the No. 9 Vein, which is located approximately 1 kilometre (1.6 miles) northwest of the Elizabeth veins, and a newly discovered porphyry hosted quartz stockwork zone located near the northerly projection of the West Vein.
No. 9 Vein
Fifteen rock samples from the No. 9 Vein area returned values up to 24g Au/tonne (0.70oz Au/ton) in quartz float, and 164.11g Au/tonne (4.79oz Au/ton) in a grab sample from the No. 9 Vein above the portal.
These results verify the occurrence of high-grade gold in the No. 9 Vein, and its possible extension beyond the current exposure.
Quartz Stockwork Zone
Sampling of the quartz stockwork zone returned weakly anomalous gold values and anomalous concentrations of pathfinder elements (arsenic and bismuth). The geological and geochemical evidence indicate that this zone represents a previously unrecognized type of mineral occurrence on the property.
3. Geochemical Surveys
Geochemical soil sampling was conducted over a 500 by 1,400 metre (1,640 by 4,600 feet) grid (Elizabeth Grid) covering the known gold-bearing veins and the immediate surrounding area. Another smaller grid covered the No. 9 Vein area. The purpose of the soil sampling was to determine whether the veins have a geochemical signature, and if other prospective areas could be identified. There is no record of this type of work having been carried out on the property.
Elizabeth Grid
The soil sampling produced a north northeast trending gold anomaly, approximately 700 metres (230 feet) long and containing values up to 3,080 ppb gold (0.09oz Au/ton). Several correlative pathfinder elements (arsenic, bismuth, lead) enhance the gold anomaly. The anomalous zone extends 200 metres (660 feet) farther south along the previously known location of the West and Main Veins.
In addition, a gold in soil anomaly with values up to 3g Au/tonne (0.09oz Au/ton), located uphill from the known veins, suggests the presence of additional veins
No. 9 Vein Grid
Sampling on the No. 9 Vein grid also reveals a strong gold geochemical signature with values as high as 1,450 ppb gold (0.04oz Au/ton). Only a fraction of the gold anomaly can be attributed to the known vein and therefore the anomaly points to additional areas of potential.
QA/QC PROTOCOLS
Geoquest Consulting of Vernon, BC carried out the program with Mr. W. Gruenwald, P.Geo, a qualified person as defined by NI 43-101, directly supervising the work.
ALS Chemex Labs of North Vancouver, B.C, carried out all the primary analytical work for the project. QA/QC protocols included secure sample storage, handling and shipping; the introduction of sample standards; and check assaying by Acme Analytical Labs of Vancouver, B.C.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
ELIZABETH GOLD PROJECT RESULTS:
High grade gold mineralization confirmed, two veins tested by drilling, new mineralization discovered.
The Board of Directors of J-Pacific Gold Inc. is pleased to announce the results of a 1,682 metre (5,518 foot) diamond drill program completed on the Elizabeth Gold Project in the Lillooet Mining Division of British Columbia. In addition to the drilling, two grid geochemical surveys, surface and underground sampling, and geologic mapping have been completed.
The Elizabeth Gold Project, consisting of 2,200 hectares (5,436 acres) of owned and optioned crown grants and mineral claims, is located 30 kilometres (18 miles) south southwest of the permitted mill at the J-Pacific-Jipangu Inc. owned Blackdome Gold Mine. Given the proximity and the easily upgradeable access to Blackdome, the Elizabeth Gold Project could be complimentary to any future production using the Blackdome facility.
DIAMOND DRILLING
The diamond drill program consisted of 16 holes, ranging in depth from 45 to 293 metres (148 to 961 feet), and was designed to test projections of the previously identified Main and West veins over a strike length of 320 metres (1,050 feet) and to a depth of 150 metres (490 feet) below surface. These veins had returned high-grade values in underground samples taken by previous operators. Although drilling of veins containing coarse gold rarely returns grades reflective of the true grade of the vein, it can demonstrate the presence and width of a vein, and that it is mineralized.
This drilling demonstrated the probable continuity of veins between the surface and the various underground exposures. Most holes encountered one or more veins, and confirmed the occurrence of significant gold mineralization in a number of intersections, the best being in drill hole 02-02, which produced results of 7.74g Au/tonne (0.226oz Au/ton) over 3.3 metres (10.83 feet), including 13.50g Au/tonne (0.394oz Au/ton) over 0.55 metres (1.80 feet). Mineralized intercepts are shown in the following table.
DDH
No.
Intersection
From - To (metres)
Core
Length (metres)
Core Length
(feet)
Gold
(g/tonne)
Gold
(oz/ton)
Zone
02-01
24.15 - 24.45
0.30
0.98
2.12
0.062
West Vein
02-02
44.25 - 44.80
0.55
1.80
13.50
0.394
West Vein
02-02
44.80 - 45.85
1.05
3.44
8.33
0.243
West Vein
02-02
45.85 - 47.55
1.70
5.58
5.52
0.161
West Vein
02-03
49.45 - 50.90
1.45
4.76
3.50
0.102
West Vein
02-03
57.75 - 58.85
1.10
3.61
3.85
0.112
West Vein
02-10
39.70 - 40.40
0.70
2.30
3.23
0.094
West Vein
02-14
57.00 - 61.60
4.60
15.09
Values to 0.40
Values to .011
Main Vein
02-14
65.05 - 65.40
0.35
1.15
0.79
0.023
New? Vein
02-14
135.20 - 135.90
0.70
2.30
1.03
0.030
New? Vein
02-14
240.05- 241.10
1.05
3.44
0.99
0.029
West Vein
02-14
245.00 - 246.25
1.25
4.10
1.09
0.032
West Vein
02-15
59.85 - 63.40
3.55
11.65
Values to 0.59
Values to 0.017
Main Vein
SAMPLING PROGRAMS
Underground sampling was carried out to verify the occurrence of high-grade gold mineralization documented by previous workers. Surface sampling targeted a newly discovered porphyry hosted quartz stockwork zone and quartz float found during the course of grid sampling.
1. Underground Sampling
The underground sampling consisted of five large “chip-channel” samples, which duplicated the location of earlier samples as closely as possible. A strong correlation was not expected because of the reported coarse nature of the gold in the veins. The samples were submitted to ALS Chemex Labs of Vancouver, BC for screened (metallics) fire assay to determine the size distribution of the gold particles.
The analyses confirmed that the majority of the gold values are contained in the coarse fraction and that a strong “nugget effect” can be expected in sample results. This work also confirmed the occurrence of high-grade gold mineralization in the West Vein and supported the occurrence of similar mineralization in other veins as indicated by previous sampling. The results are presented in the following table.
Sample No.
VA-1
VA-2
VA-3
VA-4
VA-5
Old Value (1990) 132.6 g/t
(3.87opt)
349.4 g/t
(10.20opt)
317.0 g/t
(9.26opt)
261.6 g/t
(7.64opt)
109.7 g/t
(3.20opt)
Width 1.2m
(3.94ft)
1.3m
(4.27ft)
0.5m
(1.64ft)
0.2m
(0.66ft)
0.3m
(0.98ft)
New Value: Total 16.25 g/t
(0.47opt)
1.64 g/t
(0.05opt)
0.46 g/t
(0.01opt)
144 g/t
(4.20opt)
2.08 g/t
(0.06opt)
Plus Fraction 156 g/t
(4.56opt)
23.2 g/t
(0.68opt)
6.97 g/t
(0.20opt)
>1000 g/t
(>29.20opt)
57.5 g/t
(1.68opt)
Minus Fraction 14.25 g/t
(0.42opt)
1.25 g/t
(0.04opt)
0.41 g/t
(0.01opt)
94.3 g/t
(2.75opt)
1.57 g/t
(0.05opt)
Sample Width 0.8m
(2.62ft)
0.7m
(2.30ft)
0.6m
(1.97ft)
0.4m
(1.31ft)
0.25m
(0.82ft)
2. Surface Sampling
Surface sampling was focused on two areas, the No. 9 Vein, which is located approximately 1 kilometre (1.6 miles) northwest of the Elizabeth veins, and a newly discovered porphyry hosted quartz stockwork zone located near the northerly projection of the West Vein.
No. 9 Vein
Fifteen rock samples from the No. 9 Vein area returned values up to 24g Au/tonne (0.70oz Au/ton) in quartz float, and 164.11g Au/tonne (4.79oz Au/ton) in a grab sample from the No. 9 Vein above the portal.
These results verify the occurrence of high-grade gold in the No. 9 Vein, and its possible extension beyond the current exposure.
Quartz Stockwork Zone
Sampling of the quartz stockwork zone returned weakly anomalous gold values and anomalous concentrations of pathfinder elements (arsenic and bismuth). The geological and geochemical evidence indicate that this zone represents a previously unrecognized type of mineral occurrence on the property.
3. Geochemical Surveys
Geochemical soil sampling was conducted over a 500 by 1,400 metre (1,640 by 4,600 feet) grid (Elizabeth Grid) covering the known gold-bearing veins and the immediate surrounding area. Another smaller grid covered the No. 9 Vein area. The purpose of the soil sampling was to determine whether the veins have a geochemical signature, and if other prospective areas could be identified. There is no record of this type of work having been carried out on the property.
Elizabeth Grid
The soil sampling produced a north northeast trending gold anomaly, approximately 700 metres (230 feet) long and containing values up to 3,080 ppb gold (0.09oz Au/ton). Several correlative pathfinder elements (arsenic, bismuth, lead) enhance the gold anomaly. The anomalous zone extends 200 metres (660 feet) farther south along the previously known location of the West and Main Veins.
In addition, a gold in soil anomaly with values up to 3g Au/tonne (0.09oz Au/ton), located uphill from the known veins, suggests the presence of additional veins
No. 9 Vein Grid
Sampling on the No. 9 Vein grid also reveals a strong gold geochemical signature with values as high as 1,450 ppb gold (0.04oz Au/ton). Only a fraction of the gold anomaly can be attributed to the known vein and therefore the anomaly points to additional areas of potential.
QA/QC PROTOCOLS
Geoquest Consulting of Vernon, BC carried out the program with Mr. W. Gruenwald, P.Geo, a qualified person as defined by NI 43-101, directly supervising the work.
ALS Chemex Labs of North Vancouver, B.C, carried out all the primary analytical work for the project. QA/QC protocols included secure sample storage, handling and shipping; the introduction of sample standards; and check assaying by Acme Analytical Labs of Vancouver, B.C.
On behalf of the Board of Directors,
“N. Ferris”<br>President and CEO
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
