Jet Gold samples up to 93.89 g/t Au at Big Hammer

VANCOUVER, Sept. 20, 2011 /CNW/ - Jet Gold Corp. (TSX-V: JAU) today announced positive results from a recently completed exploration and trenching program on its 100% controlled Big Hammer gold, silver and tellurium property. Big Hammer is a low elevation property, accessible year-round and located 13 km southeast of Terrace, BC. It is serviced by a paved public road, existing forest resource roads and bridges, and CN rail. Big Hammer was discovered in 2007 by the BC Geologic Survey and classified as a "new gold discovery."

In announcing the results, Brad J. Moynes, JetGold President and CEO stated: "We are very encouraged by our recent assay results, in particular the number of assays with gold values above 10 grams per tonne and some as high as 93 grams per tonne. In addition, a good number of the assays indicated grades of gold that warrant further exploration."

Jet Gold's initial exploration of Big Hammer included 280 samples of exposed roadcuts over a total distance of 1,400m. These roadcut samples, taken in successive five meter increments, were taken for the purpose of geochemical prospecting. An additional 117 grab, chip and channel samples were taken elsewhere on the Big Hammer property, including 47 samples from newly trenched sections of the 380 vein (380 m elevation), the 380 vein extension and the 625 vein (625 m elevation). All 397 samples were analyzed by AGAT Labratories of Mississauga, Ontario.

16 samples collected from the 380 vein produced the following results:

Gold (Au)
Silver (Ag)
Tellurium (Te)
E5210875 1.2m chip 11.0 66 50
E5210876 1.2m chip 1.69 35 15
E5210877 1.0m chip 4.92 122 23
E5210878 grab 12.4 177 124
E5210880 2.0m chip 5.91 194 87
E5210881 grab 14.8 186 140
E5210882 grab 10.46 252 94
E5210883 grab 12.65 * 202 119
E5210888 1.0m chip 8.81 100 92
E5210889 2.7m channel 48.34 * 118 331
E5210890 1.0m chip 93.89 * 105 946
E5210895 grab 8.85 95 72
E5210896 grab 1.33 16 9
E5210897 grab 2.99 77 1
E5210922 Grab 0.23 7.0 2
E5210923 0.75m chip 3.85 146 28

* Fire assay values

Background & Methodology

JetGold's disclosures of a technical or scientific nature in this news release have been reviewed and approved by Donald G Strachan, M.Sc, CPG, JetGold's Consulting Geologist, who serves as a Qualified Person under the definition of National Instrument 43-101.

Rock samples, sampling locations, sampling methodology and sample submission methodology, discussed in this news release, were reviewed and approved by Donald G Strachan, M.Sc, CPG. All samples were collected by JetGold's geologists, designated representatives, managers, supervisors or by trained personnel under the supervision of Donald G Strachan, M.Sc, CPG. Samples collected remained under the control of JetGold or its designated representatives until delivered to the laboratory responsible for sample preparation or analysis. Rock samples were prepared for assay at AGAT Laboratories preparation facility in Terrace, BC, and analyzed at their Mississauga laboratory under work orders 11D5188887 and 11D5188888. Samples were analyzed for gold by fire assay with ICP-OES finish (202052) and for 51 other elements by conventional ICP/ICP-MS finish (201074 - aqua regia digestion). Over limit gold (>10 g/t) samples were re-assayed by fire assay with a gravimetric finish. The Big Hammer property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

For the purposes of this news release, the following sample collection definitions apply:

Grab A high grade opportunity sample
Chip A systematic, representative, vertical sample across the thickness of a near-horizontal planar structure (vein)
Channel A systematic, representative, horizontal sample along the near-horizontal strike of a planar structure (vein)
Tonne One metric tonne = 1000 kg

JetGold is a Canadian resource exploration company actively developing gold, silver, copper, zinc, molybdenum and tellurium mineral resource properties in British Columbia, Canada. The company is currently undertaking exploration of its two unique precious metal properties [Big Hammer and Silver Bay] and a base metal property [Kshish].

Big Hammer   Gold/silver/tellurium (Au/Ag/Te) property located 13 km southeast of Terrace
Silver Bay   Silver/zinc (Ag/Zn) property located in west central BC
Kshish   Molybdenum (Mo) property located 15 km northeast of Terrace

JetGold is strategically investing in the Terrace and Smithers mining districts of British Columbia based on excellent road access, abundant power and water supply and close proximity to the CN rail line and the Fairview Terminal deep water container port in Prince Rupert. The port is an important part of the Government of Canada's "Asia-Pacific Gateway & Corridor Initiative" and the Province of British Columbia's "Pacific Gateway" strategy.

Additional information at:

On behalf of the Board of Directors,
Jet Gold Corp. (TSX.V: JAU)

"Brad J. Moynes"

Brad J. Moynes
President & CEO

Forward Looking Information: Neither the 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.

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.

SOURCE Jet Gold Corp.

For further information:

Brad Moynes (604-601-2070)

Investor Relations, contact:
Gus Garisto (416-805-3106)

JetGold Corp.
885 West Georgia Street, Suite 1500, Vancouver, BC V6C-3E8
T: 604-601-2070 / F: 604-683-8125

Profil de l'entreprise

Jet Gold Corp.

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