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PROJECTS
Kshish Molybdenum
Kshish Molybdenum Property - British Columbia
The Kshish molybdenum property is located 15 kilometres northeast
of the town of Terrace and is serviced by nine kilometres of public road and eight kilometres of logging road.
As well, the access road to the Kshish property is within one kilometre of the Canadian National rail line. The
Kshish property covers an area of 4,082 hectares and ranges in elevation from 400 metres to 1,500 metres.
The core property, 730 hectares, consists of molybdenum geochemical
anomalies occurring over approximately five kilometres and a large block of additional claims, 3,352 hectares,
staked by the Company in October 2007 on the recommendation of Alex Burton, PGeo. Mr. Burton recommended the staking
of this additional ground based on observed conditions as well as anomalous B.C. Geologic Survey geochemical samples
located farther to the northwest on Lean-to Mountain.
The Kshish property was discovered in 1966 and sat unnoticed
until new logging roads were built into the area which exposed significant amounts of bedrock. Exposures along
these roads prompted a review of the 1960s exploration work. This exploration work, undertaken in 1967 and 1968
for Amax Exploration, included 675 geochemical samples. The results of this work were summarized in a non-National
Instrument 43-101-compliant report titled, "Geological and Geochemical Report on the Mt. Vanarsdoll Property
Nar Claims, Gambardella & Allan 1968 ARIS 1661." The report identified two zones of anomalous molybdenum
values.
Based on this, the Company is currently planning an exploration
program to begin in the first-half of 2010 which will include stream sediment sampling for the entire area as well
as prospecting and geologic mapping with a view to establishing diamond drill targets. The geological team will
also lay out trails to provide 4-Quad access to upper levels of the claims.
VIRGINIA GOLD
Virginia Gold Property -- Arizona USA
The Company has entered into an option agreement to acquire the
Virginia gold property located in the Sheep Tanks Mining District in La Paz County, Arizona a well known gold producing
area.
The property is located about two miles northwest of the former producing Verdstone gold mine which was mining
grades of 0.5oz/T gold and 5oz/T silver when it was in production.
The Virginia gold property is an epithermal type of deposit typical of the Verdstone and former producing Sheep
Tanks mines in the District. The Virginia has a well developed epithermal alteration system around it. The previous
owner reported gold and silver values in the vein at surface. These reports are anecdotal and therefore not to
be relied upon.
The property has excellent infrastructure in place, located about 100 miles west of Phoenix and 14 miles south
of Highway I-10, and serviced by all-weather roads from the nearby towns of Quartzite and Salome, AZ.
A work program of trenching, sampling and geological reconnaissance along with an IP survey to develop drill targets
is planned for the first quarter of 2010.
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
February 25, 2010
- Assay Results
From Big Hammer - Gold-Silver-Tellurium
Robert L. Card, President, Jet Gold Corp. (TSX-V:JAU.v - News) 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. (more)
February 25, 2010 - Jet
Acquires Rare Metals - Gold-Silver-Tellurium (Au-Ag-Te)
Robert L. Card, President, Jet Gold Corp. (TSX-V:JAU.v - News)
is pleased to announce that the Company has negotiated an option
agreement to acquire a 100% interest in the Big Hammer property near Terrace, British Columbia, Canada. The Big
Hammer property hosts a new rare metals, Gold-Silver-Tellurium (Au-Ag-Te), discovery made by the British Columbia
Geologic Survey in 2007. (more)
The terms of the option agreement calls for the payment of $250,000, the issue of one million common shares and
the expenditure of one million dollars for exploration work over a four year period. The option agreement is subject
to the approval of the TSX Venture Exchange.
October 1, 2009 - Jet
Gold Acquires Gold Property in Well Known Gold District
Robert L Card, President, Jet Gold Corp. (the "Company") (TSX VENTURE:JAU
- News) is pleased to report that the Company has entered into
an option agreement to acquire the Virginia gold property (the "Property") located in the Sheep Tanks
Mining District in La Paz County, Arizona (the "Acquisition") a well known gold producing area.
The property is located about two miles northwest of the former producing Verdstone gold mine which was mining
grades of 0.5oz/T gold and 5oz/T silver when it was in production.
The Virginia gold property is an epithermal type of deposit typical of the Verdstone and former producing Sheep
Tanks mines in the District. The Virginia has a well developed epithermal alteration system around it. The previous
owner reported gold and silver values in the vein at surface, as well as a 0.6 opt sample in a shaft. These reports
are anecdotal and therefore not to be relied upon. The possibility of finding and proving a mineable oreshoot close
to the surface as well as at depth makes this property an attractive geological exploration target. (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 high price of gold and the potential for this company to strike
it rich.
Jet Gold Corporation
(JAU) "JAU",holdings
include natural gas, gold, silver, the much needed molybdenum and the more rare Tellurium. 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;
- Tellurium and Molybdenum are much needed minerals;
- 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 near rock bottom.
One of the biggest
reasons I like Jet Gold is that part of it's strategy is to buy 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, Jet Gold is a strong stock that offers that opportunity for the "bigger rewards".
It's the management!
Many investors have confidence in this team and many are loyal shareholders.
With the stock
trading at the bottom of the trading range, producing properties, new irons in the fire, and I would not be surprised
if more on on the way, 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.
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
Clicking
here will take you to other
"FEATURED"
Spotlight stocks
J.R. Budke became a stock broker in 1981, an options principle
since 1982 and a branch office manager since 1987. He is currently inactive as a stockbroker as of 12/31/99. J.R.
writes the articles and opinions for the Stocks in the Spotlight. The
stories and stocks found on this site, or any "Stocks in the Spotlight" written material, are the opinions
of J.R. Budke unless other wise stated, and should not be considered as advice. You should not purchase any stocks solely on the opinions found on the "Stocks in
the Spotlight's" web site or in any of its written material. You should also be aware that options are not
for everybody and carry a high degree of risk.
The "Stocks in the Spotlight" provides information only, this is not meant to be a recommendation to
buy or sell the profiled security, nor is this an offer to buy or sell the security. The publishers of "Stocks in the Spotlight" are not investment advisors and are
not acting in any way to influence the purchase or sale of the security. Before purchasing or selling any security profiled, it is encouraged and recommended that
you consult a stockbroker or other registered financial advisor. The reader must understand that the companies
we select may involve a high degree of investment risk. Potential investors must understand that they may lose
all or a portion of their investment due to the risk involved.
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