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VanEck Vectors Global Alternative Energy ETF

Publié le 13 septembre 2007

Intersects 37.5g Au/t over 11.2 metres at the Elizabeth Southwest Gold Vein

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J-Pacific Intersects 37.5g Au/t over 11.2 metres
at the Elizabeth Southwest Gold Vein

VANCOUVER, SEPTEMBER 13, 2007 - J-Pacific Gold Inc. ("J-Pacific"; TSXV - JPN, OTCBB - JPNJF) said today that it had intersected 37.5g Au/t over 11.2 metres (1.09oz Au/t over 37.0 feet) at its Elizabeth Gold Property, located in the Lillooet Mining District of British Columbia, approximately 220 kilometres (135 miles) north of Vancouver.

In making the announcement today, Nick Ferris, J-Pacific's President and CEO, said, "This is the just the first of 12 holes to report from the 2007 Elizabeth drill program. We look forward to the results of the remaining drill holes with great anticipation."

Mr. Ferris also noted that 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 town of Bralorne, where over four million ounces of gold have been produced. "We're extremely fortunate that the Elizabeth Gold Property's proximity to the permitted gold mill at J-Pacific's Blackdome Gold Mine means any eventual production from Elizabeth could be accommodated at the Blackdome facility, adding to any future production at Blackdome," said Mr. Ferris, pointed out that the high grades identified in several veins at the Elizabeth Property as well as its location make it an attractive exploration target that can be rapidly advanced.

In response to the results, John Harrop P.Geo., J-Pacific's senior geologist, said, "We are very pleased. The presence of visible gold in core, coupled with the width of the intersection, enabled us to use subsequent holes to test the orientation of this emerging zone. The J-Pacific technical team is studying the significance of the new results in targeting prospective mineralized zones along the Southwest and adjacent veins."

Maps (CLICK HERE TO VIEW) illustrating the relative position of drill hole E07-43 with respect to others in the 2007 program and previous programs, along with photos, are posted on the J-Pacific website. The characteristics of this hole and the assay results are presented in the table below.
 
Elizabeth Gold Property 2007 Drill Program
Assay Results from Drill Hole E07-43

Hole ID 

UTM_E

UTM_N

Azimuth

(degree)

Plunge

(degree)

Length

m

Length

feet

E07-43

531220

5653773

180

55

111.9

367.0

Drill Hole

Interval

Core Width

Assays

 

From (m)

To (m)

m

feet

(g Au/t)

(oz Au/t)

 

 

 

 

 

 

 

E07-43

84.35

95.53

11.18

36.7

37.5

1.09

 

 

 

 

 

 

 

including

84.35

85.05

0.70

2.3

14.44

0.42

 

85.05

86.00

0.95

3.1

330.88

9.65

 

86.00

88.10

2.10

6.9

1.07

0.03

 

88.10

88.85

0.75

2.5

39.63

1.16

 

88.85

90.53

1.68

5.5

1.88

0.05

 

90.53

92.28

1.75

5.7

1.71

0.05

 

92.28

93.20

0.92

3.0

10.37

0.30

 

93.20

94.13

0.93

3.1

6.17

0.18

 

94.13

95.53

1.40

4.6

29.70

0.87

* Core-length intervals; true widths are approximately 70 to 80 per cent of reported core-length intervals.

BACKGROUND

The 2007 drill program comprises 14 holes, totalling approximately 1,725 metres. Twelve of the 14 holes successfully reached their intended targets. The drilling 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.

Replicate samples were analyzed for all intervals discussed in this news release. Analytical work was performed by Acme Analytical Laboratories Ltd of Vancouver, Canada, an ISO 9001 certified company. Assay work is supervised by British Columbia Certified Assayers. Samples submitted to Acme were dried and then crushed to 70% passing through a 10 mesh screen (2 millimetre or smaller fragments). Splits of 500 grams were taken from this material and pulverized so that 95% of the material passed through a 150 mesh screen. A 30 gram sample was taken for fire assay from the fine fraction. The coarse fraction was weighed and all coarse material used for assay. A weighted average was used to combine the results to represent the gold content of the 500 gram sample. Two 500 gram samples if the initial crush were used to replicate the analysis. Some difference in gold levels is expected due to the natural gold variation within the sample. Variation between the replicate s was within expected ranges and the weighted average of the combined intervals did not differ significantly. Details of the individual assays may be found on the J-Pacific web site.

Coast Mountain Geological Ltd., a Vancouver-based geological services consulting company, is undertaking the exploration program under the supervision of John Harrop P.Geo, J-Pacific's Senior Geologist and the qualified person for this project as defined by NI 43-101 regulations, who has reviewed and approved this news release.

From time to time, J-Pacific raises exploration funds from the issue of flow-through shares. This latest drilling program was made possible in part by flow-through financing arranged with the MineralFields Group.

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

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

 

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

 

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 d iffer 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 availabl E FROM THE SEC OR MAY BE OBTAINED UPON REQUEST FROM THE COMPANY.

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

VanEck Vectors Global Alternative Energy ETF

EXPLORATEUR
CODE : SYS.V
ISIN : CA83540Y1088
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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 en USA et TRUAX CLAIMS, CALLAGHAN, GOLDEN TREND, MONTGOLFIER, 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.

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