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PROJECTS
Naskeena Coal Project
Rediscovered After a Century
Jet Gold Corp.
acquired the Naskeena Coal Property after researchers uncovered a mapping error that resulted in this highly prospective
target being overlooked for nearly 100 years. Recent work by Jet Gold associates prior to acquisition confirmed
the original findings of government geologist G.F Monckton in 1914.
The report outlines a significant coal property of approximately 17 square miles (45 square kilometers) in area. (Read more)
TEXAS OIL AND GAS
Stewart Prospect Project
In August 2005,
Jet Gold acquired
a 2.5 per cent working interest in a natural gas project located in southeastern Texas from Horizon Industries
Ltd. (TSX-V: HRX). The Stewart lease, located in Goliad County, comprises 544 acres in an area of current natural
gas production. (Read more)
Deep Prospect
Marshall (Middle Wilcox) Field, Stewart Lease
Gas and condensate
were discovered in the Marshall field in the Middle Wilcox formation in 2003 by Chesapeake Energy Corporation (a
private company) operating on the Carmichael lease in the P.B. Dexter survey A-319 located in the North end of
the Marshall field. This is located approximately 1.5 miles north of the Stewart lease. The Chesapeake Carmichael
#1 well was put on production in December 2003 at an initial production rate of 5 MMCF/D and 50BBLS/MMCF/D condensate
per day. As of April 2005, the well has produced 1.31 BCF of gas and 49,132 bbls of condensate. (Read more)
The Funk Prospect
The Funk Prospect
consists of two tracts of land comprising 240 acres and 160 acres. The Funk Prospect is situated in the prolific
Middle Yegua gas trend, a formation that has produced gas and condensate in the nearby Maetze Yegua, Perdido Creek
and Jobar fields.
The Perdido Creek
hosts seven producing wells with cumulative production of approximately 3-4 Bcf and 80,000 bbl. of oil and condensate
from the Yegua sands. The best well in Perdido Creek, the Vrazel #1 produced 1.8 BCF and 30,000 barrels of oil
and condensate from a 90' sand covering 36 acres. These Yegua sands appear to be similar to that underlying the
Funk prospect which hosts 2D defined Yegua sand bodies of 35 to 50 acres in aerial extent.
The Maetze Field.
Total production from this field was approximately 5BCF. The best well in this field, the Cron Dreier, drilled
in the early 1950s blew out for over six months releasing up to 2 BCF of gas before being shut-in.
Jet Gold has
acquired a 2.5% working interest in the Funk Prospect with Horizon Industries Ltd. as the operator. This is in
addition to the 2.5% interest held in the Stewart lease also located in Goliad County. (more)
Atlin Gold
Atlin Property, British Columbia
Jet Gold has
secured an option to acquire a highly prospective gold property located on Consolation Creek in the Atlin Mining
Division of British Columbia.
The Atlin gold
camp, located in northwestern British Columbia on the eastern shore of Atlin Lake ranks as the second largest producer
of placer gold in British Columbia. Since prospectors found gold on Pine Creek in 1897, mining has been the economic
engine of the town of Atlin
The property
is comprised of a block of 18 claims that cover the highest gold sample taken by the BC Geological Survey during
its Atlin Area Regional Geochemical Stream Silt Reconnaissance Survey. The sample was taken from the silts in Consolation
Creek, which drains Surprise Mountain immediately northeast of the town of Atlin, B.C.
As part of the agreement, the Company has also acquired two gold placer leases, which overlie the hardrock claims.
(more)
A Top Notch Management Team
When it comes to
mining, JAU has assembled one of the best management teams a young company could hope for. The Jet Gold team has
backgrounds covering finance, energy and geotechnical engineering, all the ingredients needed for success.
Clicking
here will take you to Jet Gold's Management Team
Recent Developments
June 2, 2008
- Jet Gold Naskeena Drilling Update
Robert L. Card, President, Jet Gold Corp. (TSX-V: JAU) ("Jet Gold" or the "Company") is pleased to announce
that it has started its summer diamond drilling program on the Naskeena coal project ("Naskeena ") property
near Terrace, British Columbia, Canada. The property is located 65km north of Terrace and is serviced by a two
lane all-weather paved road.
Apr 29, 2008
- Jet Gold Closes Private Placement
Robert L Card, President, Jet Gold Corp. (the "Company") (TSX VENTURE:JAU - News) announces that the private placement
originally reported on February 15, 2008 has been approved by the TSX Venture Exchange and has closed.
Apr 23, 2008
- Jet Gold Completes NI 43-101 Compliant Report on Naskeena Coal
Jet Gold Corp.
(TSX-V: JAU) (the "Company") is pleased to report that a National Instrument ("NI") 43-101
compliant technical report has been completed on the Company's Naskeena Coal Project located north of Terrace,
BC. The Technical Report, prepared by Brian Simmons, P.Eng., reports on the work done during the summer of 2007
and outlines recommendations for additional work on the property. Read more.
Mar 19, 2008
- Jet Gold Naskeena Drilling Update
Jet Gold Corp.
(TSX-V: JAU) (the "Company") is pleased to report that it has executed a diamond drilling contract for
further development at the Naskeena coal project. The contract covers a first phase program of 10,000 feet and
a like amount in a second phase. The Company has laid out a potential 80 drill hole program on the Naskeena coal
project.. Drilling is to begin as weather permits in the area. Read More.
Click here to read all
the news announcements.
In My Opinion
The main reason
for "Spotlighting" the Jet Gold Corp. right now is the tremendous potential for the company to strike it rich. The
Naskeena Coal Project offers a strong opportunity for Jet Gold to become a strong and very profitable company.
Recent news above is telling us this may be the
best time to buy shares of Jet Gold. With drilling already starting the odds of great news sooner has increased.
From what has
been discovered, this property contains a large-scale, high-grade coal bed that could produce high-energy, low-sulfur
coal ideal for both electrical generation and industrial markets it just so happens to be the type of coal that
Asian markets will need to keep the fast growing economies in China and other countries.
According to
the latest report from the United States Energy Information Administration, coal demand will become much more in
demand for several years going forward. Consumption is expected to rise by 3.0 percent per year between now and
2015 and is expected to double in demand by 2030.
Monckton claims
to have found a large, relatively high grade coal deposit much of which can be mined at low cost because it is
close to the surface and, because much of the deposit lies above rail grade, and it won't have to be hauled up
to transportation. The property, 12 miles long and up to 2.5 miles in width, is bisected by a paved road, and is
located 27 miles from the Terrace BC rail head and within easy distance of the Prince Repeat deep water port. That
means coal mined at the Naskeena will make for a good export product because of low transportation to port costs.
Jet Gold Corporation
(JAU) "JAU",
now holds natural gas, coal, and gold. It is producing cash flow from the natural gas to support its ongoing development
and acquisition of new properties without excessive shareholder dilution.
Jet Gold is
an interesting stock for this current market.
- The U.S. dollar is expected to remain weak, helping to keep the price
of gold strong;
- Coal-fired electrical generators produce more than 40 per cent of
all electricity world wide;
- It is in a great industry;
- The float is extremely low, making the possibility of strong moves
on positive activity;
- Already an operating company with active projects;
- Current trading price is still considered low.
One of the biggest
reasons I like Jet Gold is its strategy. It buys pieces of potential and producing properties. This way management
is not tied to the project with the company's financial being, but part of what comes out of the ground is Jet
Gold's.
This strategy
allows the Company to grow without heavy investment, but when the individual project calls for more money, because
it is worth it, Jet Gold will be ready to step up to the plate. They are not afraid to spend, if the need is there.
The whole idea
of investing in growth companies with a low priced stock, is to find those that offer bigger rewards for taking
a risk. Because of this newest addition, Jet Gold becomes a strong short or long term stock that offers that opportunity
for the "bigger rewards".
It's the management!
Many investors have confidence in this team and now it looks like it may pay back much sooner than any of them
had expected, and much bigger.
With the stock
trading in the middle of the trading range, producing properties, many irons in the fire and now the addition of
the biggest venture of all, Jet Gold is priced right for the buyer. For those of us that can handle the risk, the
promise of big rewards is in the works.
I recommend
Jet Gold for the long, or short term, for those that can handle the risk. Buy
here!
(QUOTE)
(NEWS)
There is much to learn by visiting Jet Gold Corporation's web site.
A link has been provided below for JAU's Home Page
Click
Here To Visit Jet Gold's Web Site
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