Owner
Post by Franko10 ™ on Mar 2, 2005 9:38:04 GMT -5
DECEMBER 9, 2003
NEW GOLD AND COPPER DISCOVERIES AT ELIZABETH PROJECT
J-Pacific Gold Inc. is pleased to announce the results of the 2003 Phase 2 surface exploration program on its Elizabeth Gold Project in the Lillooet Mining District of British Columbia. The work program included extension of the soil geochemical grids, prospecting and rock sampling, trenching and sampling of the West and Main Veins, along with a significant upgrading and expansion of the property road system. Two new potentially significant gold and copper mineralized zones were identified as the No. 9 Vein and Southwest Vein zones.
WEST VEIN
Past drilling, and surface and underground exploration indicates that the West Vein extends for at least 260 metres (850 feet). Phase 2, 2003 work exposed the vein over a length of 20 metres (65 feet) from which coarse gold was found in several samples. From the six samples collected, values ranged to over 100 g Au/t (>3 oz Au/t) from 1.97 g Au/t (0.06 oz Au/t), across 0.20 to 1.15 metres (0.66 to 3.77 feet). The results of the six samples are tabulated as follows:
Sample No.
Sample Type and
Description
Length (metres/feet)
Gold
(g Au/t) Gold
(oz Au/t) Metallics Gold Assay (g Au/t) Metallics Gold Assay (oz Au/t)
WV-01*
West Vein
0.65 / 2.13
>100
>2.92
134.43
3.92
WV-02
West Vein 5m N of WV-01
0.50 / 1.64
50.04
1.46
26.54
0.77
WV-03
Serpentinite and quartz 5m N of 02
1.15 / 3.77
1.97
0.06
N/A
N/A
WV-04
West Vein 5m N of 03
0.30 / 0.98
70.89
2.07
72.61
2.12
WV-05*
West Vein 2.5m N of 04
0.30 / 0.98
>100
>2.92
111.71
3.26
WV-06
West Vein 2.5m N of 05
0.20 / 0.66
6.75
0.20
8.82
0.26
* denotes coarse gold observed
MAIN VEIN
The Main Vein, which had been intermittently traced by past work for approximately 260 metres (850) feet, was trenched and sampled in detail along a 20 metre (65 foot) length to determine the vein width and gold content. In the eight samples taken, the zone of moderate to steeply dipping, parallel veins ranged from 1.25 to 4 metres (4 to 13 feet) in width and graded from over 30 g to 0.2 Au/t (>1oz to <0.03 Au/t). Results of five of these samples follow:
Sample No.
Sample Type and
Description
Length (metres/feet)
Gold
(g Au/t) Gold
(oz Au/t) Metallics Gold Assay (g Au/t) Metallics Gold Assay (oz Au/t)
MV-01B
Main Vein hanging wall
0.55 / 1.80
3.59
0.10
N/A
N/A
MV-01C
Series of parallel veins - Main Vein
3.20 / 10.50
34.73
1.01
31.29
0.91
MV-01D
Main Vein footwall
0.55 / 1.80
2.04
0.06
N/A
N/A
MV-03
Main Vein 10 m N of MV-01B, C, D
1.25 / 4.10
38.69
1.13
45.57
1.33
MV-05
Main Vein 10m N of MV-03
1.80 / 5.91
25.20
0.74
10.40
0.30
SOUTHWEST (SW) VEIN ZONE – NEW DISCOVERY
During the 2003 Phase 1 program, exploration of a strong gold-in-soil anomaly and visible gold bearing quartz rubble resulted in the discovery of a new zone of quartz veins approximately 400 metres (1,300 feet) southwest of the West and Main Veins area. This zone, which is located well beyond the historically explored area, has been traced northeasterly for approximately 150 metres (490 feet), and thus bodes well for additional new discoveries. The veins range from a few centimeters to 2.75 metres (9 feet) in width, and contain from background (0.01 g Au/t) to 194.33 g Au/t (5.67 oz Au/t) (previously reported). Coarse gold has been found in a number of locations. The vein zone is open in both directions along strike, and down dip.
In the 1940’s, underground drilling intersected a 2.15 metre (7 feet) wide quartz vein, which is at a distance of 400 metres (1,300 feet) approximately on strike of, and 275 metres (900 feet) lower than the Southwest Vein Zone. The significance of the relationship of these two occurrences is not yet known.
Twenty-five rock and 156 soil samples were collected during Phase 2 exploration. Rock values ranged from over 26 g Au/t (0.76 oz Au/t) to background, with the most significant reported as follows:
Sample No.
Sample Type and Description
Length
(metres/feet)
Gold
(g Au/t)
Gold
(oz Au/t)
Silver
(g Ag/t)
Silver
(oz Ag/t)
SA-TR-02
Grab of quartz vein at 4.5m in pit
N/A
26.14
0.76
2.4
0.07
WGE-001
Grab of quartz float
N/A
8.86
0.26
4.3
0.13
WGE-003
Grab of quartz float
N/A
1.78
0.05
2.2
0.06
WGE-006
Grab of quartz float
N/A
3.72
0.11
89.3
2.61
No. 9 AREA – NEW DISCOVERY
J-Pacific’s exploration was also focused on the newly discovered No. 9 Area, located approximately 700 metres (2,300 feet) northeast of the Main and West Vein area. Soil sampling delineated a strong geochemical anomaly containing gold, arsenic, copper and molybdenum extending over a 450 metre (1,475 feet) length. Seven of the soil samples contained in excess of 1g Au/t (0.03 oz Au/t), and six of the subsequent rock samples assayed greater than 1g Au/t (0.03 oz Au/t), with many of the anomalous samples associated with a zone 15 to 30 metres (50 to 100 feet) wide, of altered feldspar porphyry and listwanite. West of the listwanite area, a granitic intrusion with characteristic porphyry copper alteration was discovered to contain copper and molybdenum mineralization ranging up to 6,547 ppm and 350 ppm respectively.
Sampling 0.75 kilometres (0.47 miles) to the south southwest revealed a 170 metre (560 feet) long anomalous gold-in-soil zone also associated with the listwanite contact.
The significance of this mineralization, and anomalous gold, silver, lead, copper, mercury, bismuth, antimony, tellurium and selenium will be assessed, as will be the discovery of native gold in the quartz veining hosted by the feldspar porphyry.
Fifty-three rock and 135 soil samples were collected during Phase 2 exploration. Rock values ranged from over 10 g Au/t (0.3 oz Au/t) to background, with the most significant reported as follows:
Sample
No.
Sample Type and
Description
Length
(metres/feet)
Gold
(g Au/t)
Gold
(oz Au/t)
Silver
(g Ag/t)
Silver
(oz Ag/t)
Copper
(ppm)
D-019
Grab of rusty quartz float
N/A
0.38
0.01
290.2
8.47
1,458
E-005
Chip across vein 750m to SSW of D019
0.60 / 1.97
0.83
0.02
117.1
3.42
<100
NBR-009
Altered, weakly veined porphyry
1.60 / 5.25
2.78
0.08
1.9
0.06
177
NBR-010
Adjacent to NBR-009
2.30 / 7.55
1.21
0.04
1.3
0.04
214
NBR-015
Altered porphyry and silicified zone
1.00 / 3.28
1.42
0.04
2.3
0.07
<100
RMR-0002 *
Grab of intrusion hosted quartz vein
2x2 / 6x6 area
14.91
0.44
1.5
0.04
<100
RMR-0003
Grab of intrusion hosted quartz vein
1x1 / 3x3 area
13.78
0.40
3.4
0.10
<100
RMR-0004
Grab of intrusion hosted quartz vein
1x2 / 3x6 area
2.64
0.08
58.0
1.69
575
RMR-0009
Grab of intrusive float
1x1 / 3x3 area
<0.1
<0.01
4.8
0.14
6,547
2+00N; 1+25W
Soil Sample
N/A
6.98
0.20
2.3
0.07
189
0+50N; 1+50W
Soil Sample
N/A
4.36
0.13
2.0
0.06
1,439
* denotes coarse gold observed
The discoveries in the No. 9 Area are developing into exciting exploration targets well removed from the historically explored areas of the property. This area, as does the Southwest Vein Zone, represents an excellent opportunity for new gold discoveries.
QA/QC PROTOCOLS
Geoquest Consulting of Vernon, BC carried out the 2003 exploration programs, with Mr. W. Gruenwald, P. Geo, a qualified person, directly supervising the work.
Acme Analytical Labs of Vancouver, B.C. carried out all the analytical work for the project. QA/QC protocols included secure sample storage, handling and shipping, and the use of sample standards, blanks and checks.
The Elizabeth Gold Project, consisting of 4,450 hectares (10,995 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’s Blackdome Gold Mine and 30 kilometres (18 miles) north northeast of the historic gold mining town of Bralorne. The Elizabeth Gold Project is an exploration stage project with no known reserves or resources outlined at this time.
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.
For further information, please contact Nick Ferris -Telephone 1-888-236-5200.
NEW GOLD AND COPPER DISCOVERIES AT ELIZABETH PROJECT
J-Pacific Gold Inc. is pleased to announce the results of the 2003 Phase 2 surface exploration program on its Elizabeth Gold Project in the Lillooet Mining District of British Columbia. The work program included extension of the soil geochemical grids, prospecting and rock sampling, trenching and sampling of the West and Main Veins, along with a significant upgrading and expansion of the property road system. Two new potentially significant gold and copper mineralized zones were identified as the No. 9 Vein and Southwest Vein zones.
WEST VEIN
Past drilling, and surface and underground exploration indicates that the West Vein extends for at least 260 metres (850 feet). Phase 2, 2003 work exposed the vein over a length of 20 metres (65 feet) from which coarse gold was found in several samples. From the six samples collected, values ranged to over 100 g Au/t (>3 oz Au/t) from 1.97 g Au/t (0.06 oz Au/t), across 0.20 to 1.15 metres (0.66 to 3.77 feet). The results of the six samples are tabulated as follows:
Sample No.
Sample Type and
Description
Length (metres/feet)
Gold
(g Au/t) Gold
(oz Au/t) Metallics Gold Assay (g Au/t) Metallics Gold Assay (oz Au/t)
WV-01*
West Vein
0.65 / 2.13
>100
>2.92
134.43
3.92
WV-02
West Vein 5m N of WV-01
0.50 / 1.64
50.04
1.46
26.54
0.77
WV-03
Serpentinite and quartz 5m N of 02
1.15 / 3.77
1.97
0.06
N/A
N/A
WV-04
West Vein 5m N of 03
0.30 / 0.98
70.89
2.07
72.61
2.12
WV-05*
West Vein 2.5m N of 04
0.30 / 0.98
>100
>2.92
111.71
3.26
WV-06
West Vein 2.5m N of 05
0.20 / 0.66
6.75
0.20
8.82
0.26
* denotes coarse gold observed
MAIN VEIN
The Main Vein, which had been intermittently traced by past work for approximately 260 metres (850) feet, was trenched and sampled in detail along a 20 metre (65 foot) length to determine the vein width and gold content. In the eight samples taken, the zone of moderate to steeply dipping, parallel veins ranged from 1.25 to 4 metres (4 to 13 feet) in width and graded from over 30 g to 0.2 Au/t (>1oz to <0.03 Au/t). Results of five of these samples follow:
Sample No.
Sample Type and
Description
Length (metres/feet)
Gold
(g Au/t) Gold
(oz Au/t) Metallics Gold Assay (g Au/t) Metallics Gold Assay (oz Au/t)
MV-01B
Main Vein hanging wall
0.55 / 1.80
3.59
0.10
N/A
N/A
MV-01C
Series of parallel veins - Main Vein
3.20 / 10.50
34.73
1.01
31.29
0.91
MV-01D
Main Vein footwall
0.55 / 1.80
2.04
0.06
N/A
N/A
MV-03
Main Vein 10 m N of MV-01B, C, D
1.25 / 4.10
38.69
1.13
45.57
1.33
MV-05
Main Vein 10m N of MV-03
1.80 / 5.91
25.20
0.74
10.40
0.30
SOUTHWEST (SW) VEIN ZONE – NEW DISCOVERY
During the 2003 Phase 1 program, exploration of a strong gold-in-soil anomaly and visible gold bearing quartz rubble resulted in the discovery of a new zone of quartz veins approximately 400 metres (1,300 feet) southwest of the West and Main Veins area. This zone, which is located well beyond the historically explored area, has been traced northeasterly for approximately 150 metres (490 feet), and thus bodes well for additional new discoveries. The veins range from a few centimeters to 2.75 metres (9 feet) in width, and contain from background (0.01 g Au/t) to 194.33 g Au/t (5.67 oz Au/t) (previously reported). Coarse gold has been found in a number of locations. The vein zone is open in both directions along strike, and down dip.
In the 1940’s, underground drilling intersected a 2.15 metre (7 feet) wide quartz vein, which is at a distance of 400 metres (1,300 feet) approximately on strike of, and 275 metres (900 feet) lower than the Southwest Vein Zone. The significance of the relationship of these two occurrences is not yet known.
Twenty-five rock and 156 soil samples were collected during Phase 2 exploration. Rock values ranged from over 26 g Au/t (0.76 oz Au/t) to background, with the most significant reported as follows:
Sample No.
Sample Type and Description
Length
(metres/feet)
Gold
(g Au/t)
Gold
(oz Au/t)
Silver
(g Ag/t)
Silver
(oz Ag/t)
SA-TR-02
Grab of quartz vein at 4.5m in pit
N/A
26.14
0.76
2.4
0.07
WGE-001
Grab of quartz float
N/A
8.86
0.26
4.3
0.13
WGE-003
Grab of quartz float
N/A
1.78
0.05
2.2
0.06
WGE-006
Grab of quartz float
N/A
3.72
0.11
89.3
2.61
No. 9 AREA – NEW DISCOVERY
J-Pacific’s exploration was also focused on the newly discovered No. 9 Area, located approximately 700 metres (2,300 feet) northeast of the Main and West Vein area. Soil sampling delineated a strong geochemical anomaly containing gold, arsenic, copper and molybdenum extending over a 450 metre (1,475 feet) length. Seven of the soil samples contained in excess of 1g Au/t (0.03 oz Au/t), and six of the subsequent rock samples assayed greater than 1g Au/t (0.03 oz Au/t), with many of the anomalous samples associated with a zone 15 to 30 metres (50 to 100 feet) wide, of altered feldspar porphyry and listwanite. West of the listwanite area, a granitic intrusion with characteristic porphyry copper alteration was discovered to contain copper and molybdenum mineralization ranging up to 6,547 ppm and 350 ppm respectively.
Sampling 0.75 kilometres (0.47 miles) to the south southwest revealed a 170 metre (560 feet) long anomalous gold-in-soil zone also associated with the listwanite contact.
The significance of this mineralization, and anomalous gold, silver, lead, copper, mercury, bismuth, antimony, tellurium and selenium will be assessed, as will be the discovery of native gold in the quartz veining hosted by the feldspar porphyry.
Fifty-three rock and 135 soil samples were collected during Phase 2 exploration. Rock values ranged from over 10 g Au/t (0.3 oz Au/t) to background, with the most significant reported as follows:
Sample
No.
Sample Type and
Description
Length
(metres/feet)
Gold
(g Au/t)
Gold
(oz Au/t)
Silver
(g Ag/t)
Silver
(oz Ag/t)
Copper
(ppm)
D-019
Grab of rusty quartz float
N/A
0.38
0.01
290.2
8.47
1,458
E-005
Chip across vein 750m to SSW of D019
0.60 / 1.97
0.83
0.02
117.1
3.42
<100
NBR-009
Altered, weakly veined porphyry
1.60 / 5.25
2.78
0.08
1.9
0.06
177
NBR-010
Adjacent to NBR-009
2.30 / 7.55
1.21
0.04
1.3
0.04
214
NBR-015
Altered porphyry and silicified zone
1.00 / 3.28
1.42
0.04
2.3
0.07
<100
RMR-0002 *
Grab of intrusion hosted quartz vein
2x2 / 6x6 area
14.91
0.44
1.5
0.04
<100
RMR-0003
Grab of intrusion hosted quartz vein
1x1 / 3x3 area
13.78
0.40
3.4
0.10
<100
RMR-0004
Grab of intrusion hosted quartz vein
1x2 / 3x6 area
2.64
0.08
58.0
1.69
575
RMR-0009
Grab of intrusive float
1x1 / 3x3 area
<0.1
<0.01
4.8
0.14
6,547
2+00N; 1+25W
Soil Sample
N/A
6.98
0.20
2.3
0.07
189
0+50N; 1+50W
Soil Sample
N/A
4.36
0.13
2.0
0.06
1,439
* denotes coarse gold observed
The discoveries in the No. 9 Area are developing into exciting exploration targets well removed from the historically explored areas of the property. This area, as does the Southwest Vein Zone, represents an excellent opportunity for new gold discoveries.
QA/QC PROTOCOLS
Geoquest Consulting of Vernon, BC carried out the 2003 exploration programs, with Mr. W. Gruenwald, P. Geo, a qualified person, directly supervising the work.
Acme Analytical Labs of Vancouver, B.C. carried out all the analytical work for the project. QA/QC protocols included secure sample storage, handling and shipping, and the use of sample standards, blanks and checks.
The Elizabeth Gold Project, consisting of 4,450 hectares (10,995 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’s Blackdome Gold Mine and 30 kilometres (18 miles) north northeast of the historic gold mining town of Bralorne. The Elizabeth Gold Project is an exploration stage project with no known reserves or resources outlined at this time.
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.
For further information, please contact Nick Ferris -Telephone 1-888-236-5200.
