VANCOUVER – J-Pacific Gold Inc. (JPN-TSXV) 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 additional details.
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 more information, visit www.jpgold.com, or call or e-mail:
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J-Pacific Gold Inc.
802–1166 Alberni St.
Vancouver, BC, Canada V6E 3Z3
Tel: +1 (888) 236-5200
Fax: +1 (604) 684-6678