New Report Confirms High Grades and Structural Continuity
VANCOUVER, Aug. 13 /CNW Telbec/ - J-Pacific Gold Inc. ("J-Pacific";
TSXV - JPN) announced today that it has released an updated Technical Report
along with a digital database of historical data for the Elizabeth Gold
Property, which is available on J-Pacific's website. During the 2007 drill
program, Hole DDH E07-43 intersected 37.5g Au/t over 11.2 metres (1.09oz Au/t
over 30 feet) on the Southwest Vein at the Company's Elizabeth Gold Property,
located in the Lillooet Mining District of British Columbia, approximately 220
kilometres (135 miles) north of Vancouver.
The intersection falls within an area over 200 metres long by 100 metres
deep, with contiguous intersections ranging from 2.0g Au/t to 88.47g Au/t over
drill widths from 0.21 to 11.2 metres. This is shown in a vertical
longitudinal section, available on the J-Pacific website, along the Southwest
Vein (where 88.47g Au/t over a 2.0-metre drill width was reported in a news
release dated August 12, 2004).
The Elizabeth Gold Property is centrally located in prospective terrain
30 kilometres (18 miles) south-southwest of the permitted mill at the
J-Pacific-owned Blackdome Gold Mine, and 30 kilometres (18 miles)
north-northeast of the historic gold mining district of Bralorne-Pioneer,
where over four million ounces of gold have been produced.
In making the announcement today, J-Pacific CEO Nick Ferris said that the
high grades identified in several veins on the Elizabeth Property, together
with its location, make it a highly desirable exploration site that could be
rapidly advanced to production.
"We are very pleased with the results obtained so far at Elizabeth, which
are all the more promising because of the property's close proximity to the
permitted mill at J-Pacific's Blackdome Gold Mine. We can accommodate any
eventual production from Elizabeth at our Blackdome facility, thereby
accelerating Elizabeth's development and considerably reducing our costs."
The drill hole database, with sections, surface mapping and other
historical data, has been posted on the J-Pacific website concurrently with
this news release. J-Pacific plans to continue making data available through
its website, and encourages interested reviewers to contact the Company for
Since acquiring the Elizabeth Property in 2002, J-Pacific has drilled
53 diamond drill holes totalling 7,500.1 metres, of which 38 holes totalling
5,664.2 metres have targeted the Southwest Vein system.
The 2007 Elizabeth drill program comprised 14 holes, totalling
approximately 1,725 metres. Twelve of the 14 holes successfully reached their
targets. The program focused on infill drilling, to connect areas of known
mineralization in the Southwest Zone, with the goal of developing sufficient
new data to support a geological estimate of potential mineral resources.
John Harrop, P.Geo, J-Pacific's Senior Geologist and the qualified person
for this project as defined by NI 43-101 regulations, 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, email@example.com; Investor Relations: Renmark
Financial Communications Inc.: Neil Murray-Lyon,
firstname.lastname@example.org; Jen Power, email@example.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com; J-Pacific Gold
Inc.: 1-888-236-5200, (604) 684-6678, firstname.lastname@example.org