J-Pacific Gold Finalizes Plans for New Drill Program at its Montgolfier Project in Quebec



    VANCOUVER, Dec. 13 /CNW Telbec/ - J-Pacific Gold Inc. ("J-Pacific")
(TSXV - JPN, OTCBB - JPNJF), announced today that it is finalizing plans for a
12,000-metre core drilling program at its Montgolfier Project, scheduled to
commence in early January 2008. 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.
    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
7.7 g Au/t (equivalent to 1,169,000 oz Au), with an indicated mineral resource
of 3.1 million tonnes grading 5.3 g Au/t (equivalent to 526,000 oz Au), and an
inferred mineral resource of 5.1 million tonnes grading 6.6 g 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, J-Pacific's qualified
person for this project as defined by NI 43-101 regulations, who has reviewed
and approved this news release.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Statements in this press release, other than statements of historical
information, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and
results may differ materially from those projected or suggested due to certain
risks and uncertainties, some of which are described below. Such
forward-looking statements include comments regarding the establishment and
estimates of mineral reserves (and non-reserve mineralized material), future
increases in mineral reserves, the recovery of any mineral reserves,
construction cost estimates, construction completion dates, equipment
requirements and costs, production, production commencement dates, grade,
processing capacity, potential mine life, results of feasibility studies,
development, costs and expenditures. Factors that could cause actual results
to differ materially include timing of and unexpected events during
construction, expansion and start-up; variations in ore grade, tonnes mined,
crushed or milled; delay or failure to receive board or government approvals;
timing and availability of external financing on acceptable terms for
equipment, construction, working capital and other purposes; the availability
of adequate power and water supplies; the availability of adequate mining
equipment; technical, permitting, mining or processing issues; and
fluctuations in gold price and costs. There can be no assurance that future
developments affecting the Company will be those anticipated by management.
    The forecasts contained in this press release constitute management's
current estimates, as of the date of this press release, with respect to the
matters covered thereby. We expect that these estimates will change as new
information is received and that actual results will vary from these
estimates, possibly by material amounts. While we may elect to update these
estimates at any time, we do not undertake to update any estimate at any
particular time or in response to any particular event. Investors and others
should not assume that any forecasts in this press release represent
management's estimate as of any date other than the date of this press
release. Additional information concerning certain risks and uncertainties
that could cause actual results to differ materially from those projected or
suggested is contained in the Company's filings with the Securities and
Exchange Commission (SEC) over the past 12 months, copies of which are
available from the SEC or may be obtained upon request from the Company.




For further information:

For further information: visit www.jpgold.com, or call or e-mail: Media
Inquiries: Victor Webb; Madlene Olson, Marston Webb International, +1 (212)
684-6601, Fax: +1 (212) 725-4709, marwebint@cs.com; Investor Relations:
Renmark Financial Communications Inc.: Neil Murray-Lyon:
nmurraylyon@renmarkfinancial.com; Jen Power: jpower@renmarkfinancial.com, +1
(514) 939-3989, Fax: +1 (514) 939-3717, www.renmarkfinancial.com; J-Pacific
Gold Inc.: +1 (888) 236-5200, Fax: +1 (604) 684-6678, info@jpgold.com

Organization Profile

J-PACIFIC GOLD INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890