Vancouver, B.C., April 6, 2009, Robert L. Card, President, Jet Gold Corp., ("Jet Gold" or the "Company") is pleased to announce it has received a National Instrument ("NI") 43-101 compliant report entitled "Technical Report on the Kshish Molybdenum Property, British Columbia, Canada (the "Kshish Property")" authored by Alex Burton P.Eng, P.Geo. This report, to be filed on SEDAR, documents the work under taken by Jet Gold on the Kshish Property in 2008.
The Kshish Property is situated on the south west flank of Mount Vanarsdoll 11.5 Km (seven miles) northeast of Terrace, British Columbia and consists of 15 contiguous claims totaling 4,363 hectares (10,780 acres). Jet Gold has an exclusive option agreement to acquire 100% interest in the Kshish Molybdenum Property.
The Technical Report recommends a multi faceted exploration program with geologic mapping and sampling, geochemical and geophysical surveys over a large area of altered granite bedrock. A northwest trending ellipse, roughly 4 km (2.5 miles) long by 2 km (1.2 miles wide) has been identified through soil samples with anomalous molybdenum values which encompasses several historic molybdenum showings as well as newly discovered mineralization.
There is indication that this zone may be longer, as exploration and the historic soil grid lines are incomplete and anomalous molybdenum values are present further to the northwest. Within this zone of alteration, the young granite intrusive is highly fractured and these near horizontal fractures contain quartz veins carrying molybdenite in them. Because of this, the deposit type has the potential to have a high Mo grade and tonnage over a large area. Values ranging from 38.6 ppm Mo to 857 ppm Mo were collected from exposed molybdenum and mica in-filled fractures in the altered granite. It is anticipated that values from un-weathered exposures will be significant. As an example, an intrusive breccia zone was discovered along Newtown Creek from which a 2.15kg sample (H229917) returned 2,330 ppm Mo.
In this report, Mr. Burton summarizes that, "The character and distribution of the molybdenum mineralization observed on the property and the extent of alteration to the host rock is sufficient to recommend that Jet Gold proceed with additional work on this property of merit. Of note, the outer boundaries of this large area of alteration and mineralization have not yet been established."
Robert Card, President of Jet Gold, stated, "Given the current market conditions, the Company will be concentrating on low cost, value-added surface exploration to define and further expand the bounds of the molybdenum mineralization on the Kshish Property and if time and the market allows, we will move forward aggressively with drilling identified targets."
Terrace, located in northwestern British Columbia, is the service hub, on the Skeena River at the junction of Highway 16, the major highway in the region, and Highway 37 south to Kitimat. The community sits on the Canadian National Railway and the Yellowhead Highway. CN Rail's subdivision line to Kitimat and the main route to Prince Rupert. Terrace is 58 km (36 miles) inland from the port of Kitimat, 145 km (90 miles) east of the port of Prince Rupert and 584 km (365 miles) west of Prince George. The community is serviced by a major regional airport and is
the service center for logging activity, First Nation communities, industrial support for the RioTinto Alcan smelter and government services.
This news release has been reviewed and approved by Alex Burton P.Eng, P.Geo, a Qualified Person as defined by NI 43-101, and Robert Card, President of Jet Gold.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jet Gold Corp. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
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