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Post by Franko10 ™ on Dec 15, 2005 15:12:45 GMT -5
J-Pacific Intersects Gold Mineralization at the Golden Trend Property in Nevada's Cortez District (ccnm)
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2005) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce the initial results from the 2,000 foot (600 metre) diamond drill program that commenced in November on the Golden Trend Property in the Cortez District of Nevada's productive Battle Mountain - Eureka Trend.
INITIAL 2005 RESULTS - GT05-01
The Golden Trend Property is an early-stage project located on the south side of the Cortez Mountains along the prolific Battle Mountain-Eureka Gold Trend of northeastern Nevada. Golden Trend is contiguous with the large Cortez Joint Venture (Placer Dome/Kennecott) area, which contains the Cortez Hills, Pediment and ET Blue discoveries, as well as the Pipeline, South Pipeline, Gold Acres and Cortez Mines.
This phase of the 2005 drilling program, which concluded on December 11, consisted of a single diamond drill hole to a depth of 2,000 feet (600 metres) located in the north-central part of the property. Initial assay results were received from a 290 foot (88 metre) section from a depth of 180 to 470 feet (55 to 142 metres), with samples taken on 5 foot (1.5 metre) intervals. No sampling was taken above a depth of 180 feet (55 metres), as the rocks encountered in this section were interpreted to be gravel overburden. The significant gold intersections from the program are listed below. (Multi-element pathfinder analysis was also completed.)
------------------------------------------------------------------------
Inter-
DDH section Length Length Gold Gold Interval
No. From To (feet) (metres) (g Au/t) (oz Au/t) Description
(feet)
------------------------------------------------------------------------
------------------------------------------------------------------------
GT05-1 185 190 5 1.5 1.334 0.039 Dark grey rubble
of very siliceous,
very fine grained
siltstone with
disseminated
pyrite
------------------------------------------------------------------------
GT05-1 190 195 5 1.5 0.063 0.002 Black siltstones
--------------------------------------------------- and minor shales,
GT05-1 195 200 5 1.5 0.456 0.013 intensely fractured
to crushed - minor
black siliceous
siltstone
------------------------------------------------------------------------
In addition, anomalous gold values were encountered throughout this section of the hole, ranging from 20 to 96 ppb gold; and anomalous mercury, barium and zinc values, which are interpreted to indicate the presence of a hydrothermal system. Final assays for this section are available at the Golden Trend Property page on the J-Pacific Web site. Additional results will be released as they are received from the assay lab.
BACKGROUND
J-Pacific's 2004 drilling program at Golden Trend consisted of two holes: diamond drill hole GT04-1 was completed at 2,000 feet (600 metres), and GT04-2, a reverse-circulation hole, was terminated at 1,140 feet (347 metres) before reaching its target horizon because of poor drilling conditions. These holes were drilled to test targets with coincident geochemical anomalies and structural traps, which occur in favourable geological settings for hosting mineralization, analogous to Placer Dome's Cortez Hills discovery less than 10 miles (16 kilometres) to the north.
Both drill holes cut significant intervals of hydrothermal alteration associated with anomalous intersections up to 80 ppb gold, and pathfinder elements including mercury (to 1,020 ppm) and zinc (to 4,020 ppm), which correlated well with the gold content. Zinc is particularly indicative of Cortez Hills style mineralization, the target type at Golden Trend. The geochemical signature was the same in both holes, although the values in GT04-1 were somewhat higher overall.
QA/QC PROTOCOLS
Mr. Dana Durgin, CPG, of Reno, Nevada, a qualified person as defined by National Instrument 43-101, has been retained to manage the exploration program.
BSi Inspectorate of Sparks, Nevada, 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 and repeat analysis.
FINANCIAL SUPPORT OF JIPANGU INC.
Jipangu Inc. of Tokyo, Japan, is funding exploration at the Golden Trend 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.
On behalf of the Board of Directors,
N. Ferris, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
Toll Free: 1-888-236-5200
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2005) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce the initial results from the 2,000 foot (600 metre) diamond drill program that commenced in November on the Golden Trend Property in the Cortez District of Nevada's productive Battle Mountain - Eureka Trend.
INITIAL 2005 RESULTS - GT05-01
The Golden Trend Property is an early-stage project located on the south side of the Cortez Mountains along the prolific Battle Mountain-Eureka Gold Trend of northeastern Nevada. Golden Trend is contiguous with the large Cortez Joint Venture (Placer Dome/Kennecott) area, which contains the Cortez Hills, Pediment and ET Blue discoveries, as well as the Pipeline, South Pipeline, Gold Acres and Cortez Mines.
This phase of the 2005 drilling program, which concluded on December 11, consisted of a single diamond drill hole to a depth of 2,000 feet (600 metres) located in the north-central part of the property. Initial assay results were received from a 290 foot (88 metre) section from a depth of 180 to 470 feet (55 to 142 metres), with samples taken on 5 foot (1.5 metre) intervals. No sampling was taken above a depth of 180 feet (55 metres), as the rocks encountered in this section were interpreted to be gravel overburden. The significant gold intersections from the program are listed below. (Multi-element pathfinder analysis was also completed.)
------------------------------------------------------------------------
Inter-
DDH section Length Length Gold Gold Interval
No. From To (feet) (metres) (g Au/t) (oz Au/t) Description
(feet)
------------------------------------------------------------------------
------------------------------------------------------------------------
GT05-1 185 190 5 1.5 1.334 0.039 Dark grey rubble
of very siliceous,
very fine grained
siltstone with
disseminated
pyrite
------------------------------------------------------------------------
GT05-1 190 195 5 1.5 0.063 0.002 Black siltstones
--------------------------------------------------- and minor shales,
GT05-1 195 200 5 1.5 0.456 0.013 intensely fractured
to crushed - minor
black siliceous
siltstone
------------------------------------------------------------------------
In addition, anomalous gold values were encountered throughout this section of the hole, ranging from 20 to 96 ppb gold; and anomalous mercury, barium and zinc values, which are interpreted to indicate the presence of a hydrothermal system. Final assays for this section are available at the Golden Trend Property page on the J-Pacific Web site. Additional results will be released as they are received from the assay lab.
BACKGROUND
J-Pacific's 2004 drilling program at Golden Trend consisted of two holes: diamond drill hole GT04-1 was completed at 2,000 feet (600 metres), and GT04-2, a reverse-circulation hole, was terminated at 1,140 feet (347 metres) before reaching its target horizon because of poor drilling conditions. These holes were drilled to test targets with coincident geochemical anomalies and structural traps, which occur in favourable geological settings for hosting mineralization, analogous to Placer Dome's Cortez Hills discovery less than 10 miles (16 kilometres) to the north.
Both drill holes cut significant intervals of hydrothermal alteration associated with anomalous intersections up to 80 ppb gold, and pathfinder elements including mercury (to 1,020 ppm) and zinc (to 4,020 ppm), which correlated well with the gold content. Zinc is particularly indicative of Cortez Hills style mineralization, the target type at Golden Trend. The geochemical signature was the same in both holes, although the values in GT04-1 were somewhat higher overall.
QA/QC PROTOCOLS
Mr. Dana Durgin, CPG, of Reno, Nevada, a qualified person as defined by National Instrument 43-101, has been retained to manage the exploration program.
BSi Inspectorate of Sparks, Nevada, 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 and repeat analysis.
FINANCIAL SUPPORT OF JIPANGU INC.
Jipangu Inc. of Tokyo, Japan, is funding exploration at the Golden Trend 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.
On behalf of the Board of Directors,
N. Ferris, President and CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
J-Pacific Gold Inc.
Investor Relations
Toll Free: 1-888-236-5200
ir@jpgold.com
www.jpgold.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
