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 | | | Wed Feb 24, 2010
Assay Results From Big Hammer -- Gold-Silver-Tellurium
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| | Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU) is pleased to announce assay values from its proposed acquisition of the Big Hammer gold-silver-tellurium (Au-Ag-Te) property. The acquisition of the Big Hammer property is subject to the approval of the TSX Venture Exchange.
Big Hammer's Au-Ag-Te mineralization was first discovered in 2007 when new logging roads revealed a thick series of sheeted, low-angle quartz-pyrite veins. Assays from 2008 and 2009 returned significant results. Chip samples across a one-meter-thick vein in the "380 Zone" (at 380 meters elevation) assay up to 26.2 gpt Au (0.77 opt Au) and 264 gpt Ag (7.77 opt Ag). A single grab sample (sample #G073029) returned 50.2 gpt gold (1.48 opt), 522 gpt silver (15.4 opt) and 451 gpt Te. Tellurium is an industrial mineral with a limited supply and a growing demand. Demand for tellurium in solar energy cells is starting to define the demand side of the market. It has been estimated that tellurium will remain somewhere above $250 US/kg.
Big Hammer property consists of six tenures totaling 1,617 hectares (3,996 acres) located 13 km southeast of Terrace B.C. on the south side of Thornhill Mountain. Big Hammer is serviced by a paved public road and is accessible in all seasons. Permitting for 2010 exploration was submitted in early February. Surface exploration activities planned for 2010 and 2011 include sequential programs of mapping, surface sampling, trench sampling, drilling, and bulk sampling.
The newly-recognized "625 Zone" (625 m elev.) is a group of five veins within a zone approximately 40 meters wide. The thickest of these veins is two meters in roadcrop. Grab samples have returned values of up to 14.6 gpt Au (0.42 opt Au).
Up to 380 ppm bismuth (Bi) is associated with Au-Ag-Te in samples from the "380" Zone. Anomalous trace elements from veins in higher roadcrops (to 625 meters elevation) at Big Hammer include bismuth (to 140 ppm Bi) and tungsten (to 1,900 ppm W).
Deposit analogs, given Big Hammer is in the early stages of exploration, are the reduced intrusion-related gold systems at Fort Knox and Dublin Gulch. These deposits include sheeted, often low-angle, quartz veins with Au-Bi-Te-W mineralization.
Results stated in this report are non-NI 43-101 compliant and as such are subject to change as further work is undertaken on the property.
The information contained in this news release has been reviewed and approved by Donald G. Strachan, MSc., CPG, Geologist, a Qualified Person as defined by National Instrument 43-101.
On behalf of the Board of Directors
Jet Gold Corp
"Robert L. Card"
Robert L. Card
President
Investor Contact: Robert L. Card, President
604-687-7828
Jetgoldcorp@shaw.ca
www.jetgoldcorp.com
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.
Caution Regarding Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.
Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.
There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information. |
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| | You can view the Next News Releases item: Mon Apr 12, 2010, Jet Gold Investor Relations
You can view the Previous News Releases item: Mon Feb 22, 2010, Jet Acquires Rare Metals - Gold-Silver-Tellurium (Au-Ag-Te)
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