Assay Results From Big Hammer - Gold-Silver-TelluriumBy Jet Gold Corp, PRNE
Wednesday, February 24, 2010
VANCOUVER, February 25, 2010 - Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU) is pleased to
announce assay values from its proposed acquisition of the Big Hammer gold-
silver-tellurium (Au-Ag-Te) property. The acquisition of the Big Hammer
property is subject to the approval of the TSX Venture Exchange.
Big Hammer's Au-Ag-Te mineralization was first discovered in 2007 when
new logging roads revealed a thick series of sheeted, low-angle quartz-
pyrite veins. Assays from 2008 and 2009 returned significant results. Chip
samples across a one-meter-thick vein in the "380 Zone" (at 380 meters
elevation) assay up to 26.2 gpt Au (0.77 opt Au) and 264 gpt Ag (7.77 opt
Ag). A single grab sample (sample No.G073029) returned 50.2 gpt gold (1.48
opt), 522 gpt silver (15.4 opt) and 451 gpt Te. Tellurium is an industrial
mineral with a limited supply and a growing demand. Demand for tellurium in
solar energy cells is starting to define the demand side of the market. It
has been estimated that tellurium will remain somewhere above $250 US/kg.
Big Hammer property consists of six tenures totaling 1,617 hectares (3
,996 acres) located 13 km southeast of Terrace B.C. on the south side of
Thornhill Mountain. Big Hammer is serviced by a paved public road and is
accessible in all seasons. Permitting for 2010 exploration was submitted in
early February. Surface exploration activities planned for 2010 and 2011
include sequential programs of mapping, surface sampling, trench sampling,
drilling, and bulk sampling.
The newly-recognized "625 Zone" (625 m elev.) is a group of five veins
within a zone approximately 40 meters wide. The thickest of these veins is
two meters in roadcrop. Grab samples have returned values of up to 14.6 gpt
Au (0.42 opt Au).
Up to 380 ppm bismuth (Bi) is associated with Au-Ag-Te in samples from
the "380" Zone. Anomalous trace elements from veins in higher roadcrops (to
625 meters elevation) at Big Hammer include bismuth (to 140 ppm Bi) and
tungsten (to 1,900 ppm W).
Deposit analogs, given Big Hammer is in the early stages of
exploration, are the reduced intrusion-related gold systems at Fort Knox
and Dublin Gulch. These deposits include sheeted, often low-angle, quartz
veins with Au-Bi-Te-W mineralization.
Results stated in this report are non-NI 43-101 compliant and as such
are subject to change as further work is undertaken on the property.
The information contained in this news release has been reviewed and
approved by Donald G. Strachan, MSc., CPG, Geologist, a Qualified Person as
defined by National Instrument 43-101.
On behalf of the Board of Directors
Jet Gold Corp
"Robert L. Card"
Robert L. Card
For further information: Investor Contact: Robert L. Card, President,
+1-(604)-687-7828, Jetgoldcorp@shaw.ca, www.jetgoldcorp.com
Tags: canada, February 25, Jet Gold Corp, Vancouver