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Post by Franko10 ™ on Mar 2, 2005 9:24:02 GMT -5
JULY 29, 2003
NEW HIGH-GRADE GOLD DISCOVERIES AT ELIZABETH GOLD PROJECT
The Board of Directors of J-Pacific Gold Inc. is pleased to announce the results of the 2003 Phase 1 surface exploration program on J-Pacific's Elizabeth Gold Project in the Lillooet Mining District of British Columbia. The program included the construction of an access road and three spur roads to enable exploration of the Southwest gold geochemical anomaly, and the construction of two extensions to the existing roads into the No. 9 Vein area. Rock and soil sampling, prospecting, and mapping were conducted along these new roads. Trenching was completed on the high-grade zone along the West Vein, and prospecting and sampling were carried out on a potentially new vein occurrence southwest of the No. 9 Vein.
Southwest Anomaly
As a result of the new road construction, several quartz veins were exposed along four road cuts approximately 400 metres (1,300 feet) southwest of the area that was drilled in 2002. Along one road, four separate veins were uncovered over a 55-metre (180-foot) length. The veins encountered along the four road exposures form a zone that strikes northeasterly and extends for at least 110 metres (360 feet). The veins range in width from a few centimeters (inches) to 2.75 metres (9 feet) and usually dip steeply to the west. Coarse free gold was discovered in float, and in follow-up work on a vein exposed along the northernmost road cut (samples E03-028 and E03-029). At the most southwesterly roadcut, a 2.75-meter (9-foot) wide vein was exposed which is substantially larger than the average size of the veins identified to date, and was discovered at an elevation approximately 275 meters (900 feet) above the underground infrastructure developed in the 1940’s. The Southwest vein zone is open in all directions. These veins are considered to be new discoveries as there is no evidence of previous work in the area.
A total of 35 rock and 8 soil samples were taken from the Southwest Anomaly. Because the 2002 program demonstrated 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, samples taken from the Southwest Anomaly that produced significant gold values were re-tested by screened (metallics) fire assay. The significant results tabulated below demonstrate a strong “nugget effect” in a number of samples:
Sample No.
Type
Area or length
(metres/feet)
Fire Assay
(g Au/t)
Fire Assay
(oz Au/t)
Metallics Assay
(g Au/t)
Metallics Assay
(oz Au/t)
E03-006
Grab of vein float
1x1 / 3.2x3.2
194.33
5.67
14.64
0.43
E03-011
Chip sample across vein
0.32 / 1.05
3.36
0.10
0.07
0.01
E03-014
Chip sample across vein
0.09 to 0.18/
0.30 to 0.60
0.28
0.01
0.69
0.02
E03-016
Vein/footwall chip sample
2.00 / 6.56
0.47
0.01
0.57
0.02
E03-017
Vein/footwall chip sample
0.40 / 1.30
0.70
0.02
0.48
0.01
E03-022
Vein/wallrock ~ 120m west of E03-029
0.25 / 0.82
28.52
0.83
33.91
0.99
E03-024
Chip sample across vein
0.60 / 1.97
1.34
0.04
1.05
0.03
E03-026
Chip sample across vein
0.40 / 1.31
12.04
0.35
2.09
0.06
E03-027
Vein/footwall chip sample
1.00 / 3.28
1.15
0.03
2.61
0.08
E03-028
Chip sample across vein
0.50 / 1.64
110.93
3.24
53.58
1.56
E03-029
Chip sample across vein
0.75 / 2.46
13.78
0.40
49.39
1.44
E03-029A
Chip sample across 0.25m (8.33ft) of E03-029 footwall
0.25 / 0.82
8.33
0.24
5.54
0.16
E03-036
Chip sample across large vein
2.75 / 9.02
0.33
0.01
0.48
0.01
No. 9 AREA
The target of the No. 9 zone is a prominent north-northeast trending linear feature, which hosts, in part, a rusty coloured “listwanite”, (primarily a carbonate and silica rock) and an adjacent altered feldspar porphyry. In 2002, a small geochemical grid revealed highly anomalous gold in soils and rocks in this setting. During this year’s program, the new roads that were built allowed additional soil and rock sampling, and a 300 metre (985 feet) strike length of the No. 9 zone near the listwanite-feldspar porphyry contact was mapped and sampled.
Highly anomalous gold in soil samples (up to 2 g Au/t or 0.06 oz Au/t) was discovered over a 150 metre (490 feet) length of a newly constructed road located just east of the contact between a granitic intrusion and the listwanite zone. During this program a 0.6 metre (2 feet) quartz vein was discovered approximately 0.75 kilometres (0.5 miles) to the south along this contact zone. This vein is approximately 300 metres (985 feet) southwest of the No. 9 Vein and is probably a separate, parallel structure.
A total of 18 rock and soil samples were taken in the No.9 area, all with anomalous gold content. The more important results are tabulated below:
Sample No.
Type
Area or length
(metres/feet)
Fire Assay
(g Au/t)
Fire Assay
(oz Au/t)
Metallics Assay
(g Au/t)
Metallics Assay
(oz Au/t)
NA-02R
Chip sample of altered granite
2.00 / 6.60
0.43
0.01
N/A
N/A
NA-05R
Chip sample of altered granite
6.00 / 19.70
0.16
0.01
N/A
N/A
NA-06R
Chip sample of altered granite
2.65 / 8.70
0.28
0.01
N/A
N/A
NA-07R
Chip sample of altered granite
4.25 / 13.9
0.36
0.01
N/A
N/A
NA-08R
Chip sample of stockwork
3.05 / 10.00
0.17
0.01
N/A
N/A
E03-005
Chip sample across vein 750m SW of above samples
0.60 / 2.00
0.83
0.02
1.78
0.05
NA 1+ 25
Soil sample
N/A
1.59
0.05
N/A
N/A
NA 1+ 50
Soil sample
N/A
0.73
0.02
N/A
N/A
NA 2+ 25
Soil sample
N/A
1.33
0.04
N/A
N/A
NA 2+ 50
Soil sample
N/A
0.49
0.01
N/A
N/A
NA 2+ 75
Soil sample
N/A
2.00
0.06
N/A
N/A
NEW HIGH-GRADE GOLD DISCOVERIES AT ELIZABETH GOLD PROJECT
The Board of Directors of J-Pacific Gold Inc. is pleased to announce the results of the 2003 Phase 1 surface exploration program on J-Pacific's Elizabeth Gold Project in the Lillooet Mining District of British Columbia. The program included the construction of an access road and three spur roads to enable exploration of the Southwest gold geochemical anomaly, and the construction of two extensions to the existing roads into the No. 9 Vein area. Rock and soil sampling, prospecting, and mapping were conducted along these new roads. Trenching was completed on the high-grade zone along the West Vein, and prospecting and sampling were carried out on a potentially new vein occurrence southwest of the No. 9 Vein.
Southwest Anomaly
As a result of the new road construction, several quartz veins were exposed along four road cuts approximately 400 metres (1,300 feet) southwest of the area that was drilled in 2002. Along one road, four separate veins were uncovered over a 55-metre (180-foot) length. The veins encountered along the four road exposures form a zone that strikes northeasterly and extends for at least 110 metres (360 feet). The veins range in width from a few centimeters (inches) to 2.75 metres (9 feet) and usually dip steeply to the west. Coarse free gold was discovered in float, and in follow-up work on a vein exposed along the northernmost road cut (samples E03-028 and E03-029). At the most southwesterly roadcut, a 2.75-meter (9-foot) wide vein was exposed which is substantially larger than the average size of the veins identified to date, and was discovered at an elevation approximately 275 meters (900 feet) above the underground infrastructure developed in the 1940’s. The Southwest vein zone is open in all directions. These veins are considered to be new discoveries as there is no evidence of previous work in the area.
A total of 35 rock and 8 soil samples were taken from the Southwest Anomaly. Because the 2002 program demonstrated 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, samples taken from the Southwest Anomaly that produced significant gold values were re-tested by screened (metallics) fire assay. The significant results tabulated below demonstrate a strong “nugget effect” in a number of samples:
Sample No.
Type
Area or length
(metres/feet)
Fire Assay
(g Au/t)
Fire Assay
(oz Au/t)
Metallics Assay
(g Au/t)
Metallics Assay
(oz Au/t)
E03-006
Grab of vein float
1x1 / 3.2x3.2
194.33
5.67
14.64
0.43
E03-011
Chip sample across vein
0.32 / 1.05
3.36
0.10
0.07
0.01
E03-014
Chip sample across vein
0.09 to 0.18/
0.30 to 0.60
0.28
0.01
0.69
0.02
E03-016
Vein/footwall chip sample
2.00 / 6.56
0.47
0.01
0.57
0.02
E03-017
Vein/footwall chip sample
0.40 / 1.30
0.70
0.02
0.48
0.01
E03-022
Vein/wallrock ~ 120m west of E03-029
0.25 / 0.82
28.52
0.83
33.91
0.99
E03-024
Chip sample across vein
0.60 / 1.97
1.34
0.04
1.05
0.03
E03-026
Chip sample across vein
0.40 / 1.31
12.04
0.35
2.09
0.06
E03-027
Vein/footwall chip sample
1.00 / 3.28
1.15
0.03
2.61
0.08
E03-028
Chip sample across vein
0.50 / 1.64
110.93
3.24
53.58
1.56
E03-029
Chip sample across vein
0.75 / 2.46
13.78
0.40
49.39
1.44
E03-029A
Chip sample across 0.25m (8.33ft) of E03-029 footwall
0.25 / 0.82
8.33
0.24
5.54
0.16
E03-036
Chip sample across large vein
2.75 / 9.02
0.33
0.01
0.48
0.01
No. 9 AREA
The target of the No. 9 zone is a prominent north-northeast trending linear feature, which hosts, in part, a rusty coloured “listwanite”, (primarily a carbonate and silica rock) and an adjacent altered feldspar porphyry. In 2002, a small geochemical grid revealed highly anomalous gold in soils and rocks in this setting. During this year’s program, the new roads that were built allowed additional soil and rock sampling, and a 300 metre (985 feet) strike length of the No. 9 zone near the listwanite-feldspar porphyry contact was mapped and sampled.
Highly anomalous gold in soil samples (up to 2 g Au/t or 0.06 oz Au/t) was discovered over a 150 metre (490 feet) length of a newly constructed road located just east of the contact between a granitic intrusion and the listwanite zone. During this program a 0.6 metre (2 feet) quartz vein was discovered approximately 0.75 kilometres (0.5 miles) to the south along this contact zone. This vein is approximately 300 metres (985 feet) southwest of the No. 9 Vein and is probably a separate, parallel structure.
A total of 18 rock and soil samples were taken in the No.9 area, all with anomalous gold content. The more important results are tabulated below:
Sample No.
Type
Area or length
(metres/feet)
Fire Assay
(g Au/t)
Fire Assay
(oz Au/t)
Metallics Assay
(g Au/t)
Metallics Assay
(oz Au/t)
NA-02R
Chip sample of altered granite
2.00 / 6.60
0.43
0.01
N/A
N/A
NA-05R
Chip sample of altered granite
6.00 / 19.70
0.16
0.01
N/A
N/A
NA-06R
Chip sample of altered granite
2.65 / 8.70
0.28
0.01
N/A
N/A
NA-07R
Chip sample of altered granite
4.25 / 13.9
0.36
0.01
N/A
N/A
NA-08R
Chip sample of stockwork
3.05 / 10.00
0.17
0.01
N/A
N/A
E03-005
Chip sample across vein 750m SW of above samples
0.60 / 2.00
0.83
0.02
1.78
0.05
NA 1+ 25
Soil sample
N/A
1.59
0.05
N/A
N/A
NA 1+ 50
Soil sample
N/A
0.73
0.02
N/A
N/A
NA 2+ 25
Soil sample
N/A
1.33
0.04
N/A
N/A
NA 2+ 50
Soil sample
N/A
0.49
0.01
N/A
N/A
NA 2+ 75
Soil sample
N/A
2.00
0.06
N/A
N/A
