J-Pacific Gold Commences New Drill Program at its Montgolfier Project in Quebec
VANCOUVER, JANUARY 24, 2008 - 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.
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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 rep
orted 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 G�oscientifiques 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 more information, visit www.jpgold.com, or call or e-mail:
MEDIA INQUIRIES:
VICTOR WEBB/MADLENE OLSON
MARSTON WEBB INTERNATIONAL
TEL: +1 (212) 684-6601
FAX: +1 (212) 725-4709
E-MAIL: MARWEBINT@CS.COM
J-PACIFIC GOLD INC.
802-1166 ALBERNI ST.
VANCOUVER, B.C., CANADA  V6E 3Z3
TEL:+1 (888) 236-5200
FAX: +1 (604) 684-6678
E-MAIL: INFO@JPGOLD.COM
INVESTOR RELATIONS:
RENMARK FINANCIAL COMMUNICATIONS INC.
NEIL MURRAY-LYON : NMURRAYLYON@RENMARKFINANCIAL.COM
JEN POWER : JPOWER@RENMARKFINANCIAL.COM
TEL: +1 (514) 939-3989
FAX: +1 (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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Sona Resources est une société d’exploration minière d'or basée au Canada. Sona Resources détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont ZENDA, CALLAGHAN et GOLDEN TREND en USA et MONTGOLFIER, TRUAX CLAIMS, ELIZABETH et BLACKDOME au Canada. Sona Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,8 millions (2,2 millions US$, 1,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 14 septembre 2007 à 5,00 , et son plus bas niveau récent le 08 avril 2016 à 0,01 . Sona Resources possède 47 442 200 actions en circulation. |