This is narrow vein but good grade, and in an interesting area. From July.
J-Pacific Intersects 15.53g Au/t and 10.42g Au/t at Montgolfier Project
Widespread anomalous gold alteration encountered in two drill holes
VANCOUVER, July 19 - J-Pacific Gold Inc. TSXV - JPN/TSXV, JPNJF/OTCBB reports final assay results from the 10,000-metre core drilling program at its Montgolfier Project. Located in the Casa Berardi greenstone belt of northwestern Quebec, the Montgolfier Project is 85 kilometres west of Matagami and 40 kilometres east of the Casa Berardi Mine.
Assay results are detailed from the final 11 holes that tested Target Areas 5, 6 and 7, located in the eastern parts of the property. Important highlights of these results include:
- Hole JPN07-17 intersects 10.42g Au/t over 1.0 metres
- Hole JPN07-21 intersects 6.44g Au/t over 3.2 metres, including a one-metre section grading 15.53g Au/t.
Located in Target Area 5, both drill intercepts are new discoveries at targets generated by J-Pacific. This is an area previously investigated by Placer Dome Inc. during the late 1980s. The gold mineralization is contained in quartz-carbonate-pyrite veining hosted in sedimentary rock and banded iron formation. Three other holes drilled in Target Area 5 (JPN07-19, JPN07-23 and JPN07-25) revealed weak gold mineralization associated with minor quartz
veining.
In Target Areas 6 and 7, six holes (JPN07-16, JPN07-18, JPN07-20, JPN07-22, JPN07-24 and JPN07-26) investigated narrow linear positive magnetic features dissected by interpreted faults. The holes intersected very strongly altered and deformed rock, but assay samples yielded low gold values.
Nick Ferris, President and CEO, said, "We're extremely pleased with the results of our initial drilling. We investigated a wide range of targets, spanning over 30 kilometres of the Casa Berardi Fault. Two of the drill holes
returned the best assay values obtained to date along this segment, with the potential for a significant new discovery in the Casa Berardi District.
Several others intersected strongly altered rocks and low-grade gold zones. The program succeeded in confirming our geological concepts, and this new information will help us prepare our next drilling program, which already looks quite promising."
Maps illustrating the relative position of the drill holes are posted on the J-Pacific website. |
