Owner
Post by Franko10 ™ on Feb 28, 2006 12:03:54 GMT -5
J-Pacific Plans Callaghan Drill Program, Permitting Submitted
11:58 EST Tuesday, February 28, 2006
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2006) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce that a reverse-circulation drilling program for its Callaghan gold property has been planned, and that it has been submitted to the U.S. Bureau of Land Management for permitting. A soil geochemical sampling program completed during 2005 helped define exploration targets suggested by prior work. Several drill sites are being permitted to test three targets; two contain mineralization intersected in previous drilling, and one is a new structural coincident and geochemical target.
The Callaghan Property is an early-stage project located approximately 50 kilometres (30 miles) west of the Roberts Mountains, in northeastern Nevada. Callaghan is approximately 65 kilometres (40 miles) south of the large Cortez Joint Venture (Placer Dome and Kennecott) area, which contains the Cortez Hills, Pediment and ET Blue discoveries, as well as the Pipeline, South Pipeline, Gold Acres and Cortez mines.
The property is underlain by a sequence of lower-plate carbonate rocks, including the Roberts Mountain Formation, which hosts significant gold deposits in northern Nevada. Siliceous upper-plate rocks above the Roberts Mountain thrust locally overlie the carbonate rocks. Previous mapping, sampling, trenching and drilling have identified a structural and stratigraphic setting with associated geochemical anomalies, permissive for high-grade, structurally controlled replacement gold deposits. Drill targets based on the intersection of favourable structures and host rocks, which were identified by previous workers, will be the initial focus of J-Pacific's exploration program.
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.
11:58 EST Tuesday, February 28, 2006
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2006) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce that a reverse-circulation drilling program for its Callaghan gold property has been planned, and that it has been submitted to the U.S. Bureau of Land Management for permitting. A soil geochemical sampling program completed during 2005 helped define exploration targets suggested by prior work. Several drill sites are being permitted to test three targets; two contain mineralization intersected in previous drilling, and one is a new structural coincident and geochemical target.
The Callaghan Property is an early-stage project located approximately 50 kilometres (30 miles) west of the Roberts Mountains, in northeastern Nevada. Callaghan is approximately 65 kilometres (40 miles) south of the large Cortez Joint Venture (Placer Dome and Kennecott) area, which contains the Cortez Hills, Pediment and ET Blue discoveries, as well as the Pipeline, South Pipeline, Gold Acres and Cortez mines.
The property is underlain by a sequence of lower-plate carbonate rocks, including the Roberts Mountain Formation, which hosts significant gold deposits in northern Nevada. Siliceous upper-plate rocks above the Roberts Mountain thrust locally overlie the carbonate rocks. Previous mapping, sampling, trenching and drilling have identified a structural and stratigraphic setting with associated geochemical anomalies, permissive for high-grade, structurally controlled replacement gold deposits. Drill targets based on the intersection of favourable structures and host rocks, which were identified by previous workers, will be the initial focus of J-Pacific's exploration program.
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.
