VANCOUVER, Jan. 24 /CNW Telbec/ - J-Pacific Gold Inc.
("J-Pacific")(TSXV - JPN), said today that has commenced a 12,000-metre core
drilling program at its Montgolfier Project. The Montgolfier Project is
located in the Casa Berardi region of northwestern Quebec, some 85 kilometres
west of Matagami and 40 kilometres east of the Casa Berardi gold deposit.
The drill program is based on recommendations by SRK Consulting (Canada)
Inc. ("SRK"), following an in-depth review of results from the 2007 drill
program. The 2008 program, consisting of an initial 18 holes, is designed to
test the lateral and depth extensions of gold mineralization encountered
during the 2007 program. The 2008 program will focus on three main target
areas. In the western part of the project, two holes will test the depth
extensions of quartz-carbonate-arsenopyrite veining intersected in hole
JPN07-01. Six holes are planned to test the extensions of hole JPN07-06 (1.44g
Au/t over 12.0 metres) on three 100-metre sections. Finally, 10 holes will
test the lateral and depth extensions of gold mineralization intersected in
hole JPN07-17 (10.42g Au/t over 1.0 metre) and hole JPN07-21 (6.44g Au/t over
3.2 metres), on seven 100-metre sections over a strike length of 1.3
kilometres. Currently, there is insufficient information to determine if the
reported core intervals represent true widths (see J-Pacific news releases
dated March 22 and July 19, 2007). An additional 1,200 metres of drilling is
included as a contingency, to allow testing of other targets on the project.
Maps detailing the location of the planned drill holes are available for
download on the J-Pacific website.
The Montgolfier Project straddles the Casa Berardi Tectonic Zone,
approximately 30 kilometres east of the Casa Berardi Mine, where Aurizon Mines
Ltd. has outlined a mineral reserve of 4.7 million tonnes grading 7.7g Au/t
(equivalent to 1,169,000 oz Au), with an indicated mineral resource of
3.1 million tonnes grading 5.3g Au/t (equivalent to 526,000 oz Au), and an
inferred mineral resource of 5.1 million tonnes grading 6.6g Au/t (equivalent
to 1,060,000 oz Au) (Source: Aurizon Mines Ltd. website).
Drilling is being performed by Major Drilling Group International Inc.,
and the on-site geological expertise is being provided by IOS Services
Géoscientifiques Inc., a Quebec-based geological services consulting company,
under the supervision of Dr. Jean-Francois Couture, P.Geo. of SRK, J-Pacific's
qualified person for this project for the purpose of NI 43-101, who has
reviewed and approved this news release.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: visit www.jpgold.com, or call or e-mail: Media
Inquiries: Victor Webb; Madlene Olson, Marston Webb International, (212)
684-6601, Fax: (212) 725-4709, firstname.lastname@example.org; Investor Relations: Renmark
Financial Communications Inc.: Neil Murray-Lyon,
email@example.com; Jen Power, firstname.lastname@example.org,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com; J-Pacific Gold
Inc., (888) 236-5200, Fax: (604) 684-6678, email@example.com