Jilbey Intersects 6 Meters of 15.91 g/t Gold Northeast of Bissa Hill Deposit.BEDFORD, Nova Scotia Bedford (2001 pop.: 16,102) is a community in the Halifax Regional Municipality, Nova Scotia, Canada. It was an independent town from 1980-1996. Bedford lies on the northwestern end of Bedford Basin, which is part of the Halifax Harbour. -- Jilbey Gold (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:JLB JLB Jorge Luis Borges (Argentinian author) JLB James Labrie (Dream Theater vocalist) JLB Junior League of Boston JLB Junior League of Brooklyn JLB Junior League of Birmingham JLB Junior League of Buffalo ) is pleased to announce that Rotary Air Blast ("RAB Rab (räb), Ital. Arbe, island (1991 pop. 9,205), 40 sq mi (104 sq km) off Croatia, in the Adriatic Sea. One of the Dalmatian islands, it is a popular seaside resort. Fishing and agriculture are the main occupations. ") drilling has intercepted a zone of 15.91 g/t of gold over 6 meters approximately 3.5 kilometers northeast and along strike from the Bissa Hill deposit. This zone is the interpreted extension of the same mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. found at Bissa Hill and at Bissa South West. For maps, please refer to the Corporation's website at www.jilbey.com. The RAB drilling program was designed to test two geochemical highs of a 5 km long anomaly trending northeast from the Bissa Hill deposit. Two drill fences, spaced approximately 1.45 kilometers apart, comprising 96 holes totalling 3294 meters were drilled. The 15.91 g/t of gold over 6 meter intersection reported includes 2 meters grading 44.6 g/t Au and is the most significant result received from the southern drill fence, however, other intersections from the same drill fence included 1.78 g/t Au over 4 m and 1.87 g/t Au over 2 meters. An intersection grading 1.07 g/t Au over 6 meters and one grading 1.8 g/t Au over 4 meters were returned from the northern drill fence. This area of interest has been named Bissa North East. The Corporation is extremely encouraged with these results since the Bissa Hill grade and style of mineralization has now been interpreted to extend for a total length of over 5 kilometers along the Sabce Shear Zone ("SSZ SSZ Specified Strike Zone SSZ Surface Security Zone SSZ Santos, Sao Paulo, Brazil (Airport Code) "). The SSZ extends for a further 25 kilometers to the southwest to the Guibare deposit where local miners are active on a large scale. The areas between Bissa South West and Bissa Hill as well as between Bissa Hill deposit and Bissa North East have not been drill tested and management intends to drill these areas of the SSZ in October. The Corporation will release National Instrument 43-101 resource estimates of the Bissa Hill deposit in September. The Corporation commissioned a second National Instrument compliant 43-101 geological report from SRK Consulting to highlight the exploration potential of the wide range of mineralization types found in the project area. The Corporation expects the report to be completed in the near future and will post it on the www.jilbey.com website. Greg Isenor P.Geo., President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Jilbey Gold Exploration Ltd. states, "these results further illustrate the widespread and high grade mineralization within the Sabce Shear Zone". Greg Isenor P.Geo., President and CEO of Jilbey Gold Exploration Ltd., a qualified person as defined under the Canadian Securities Administrators' National Instrument 43-101, is responsible for program supervision. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. JILBEY GOLD EXPLORATION LTD. (TSX VENTURE:JLB) |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion