EDCO selected for drilling in MyanmarVancouver (December 7, 2004) – Jet Gold Corp. (V.JAU) and Leeward Capital (V.LWC) are pleased to announce that they have signed a diamond drilling contract with Exploration Drilling Corporation (EDCO) for drilling an initial 1500 meters on the Set Ga Done gold project in Myanmar. The drilling program will be supervise
d by R.D. Cruickshank, BSC, P.Geol. (Qualified Person), and will follow up on promising targets previously identified in last season’s exploration program.
The drill program will focus not only on the volcanic hosted gold zone at Set Ga Done, but also on the adjacent Cretaceous sediments (limestone), which has a similar geology to the Carlin trend in Nevada. The first stage of the exploration program, which included surface sampling, discovered additional stockwork systems carrying gold mineralization in carbonates and expanded the known, intrusive hosted gold mineralization at Nga Mu Gyi, which has been previously mined on surface by local artisanal miners. A bonus of the previous program was the discovery that the limestone ridge covering part of the Set Ga Done system carried gold on surface in measurable quantities.
EDCO was selected as the drilling partner because of their extensive experience in Southeast Asia, including in nearby Yunnan Province, China, where they are drilling on Southwestern Gold’s Boka gold project. EDCO brings a new drilling system suited for the local ground conditions, along with an experienced drilling crew, directed by a Canadian supervisor. The company is confident that challenges encountered with drilling and recovery in the initial phase of the exploration program will be met by this experienced crew. It is expected that diamond drilling will commence in January.
The company’s exploration crews have been on site since November 20, in advance of the drill equipment. They have been prospecting, following up on last season’s work by additional sampling on newly discovered gold mineralization hosted by carbonate and extending the sampling along the Nga Mu Gyi gold zone.
The Set Ga Done gold project comprises an area of approximately 700 square kilometers (435 square miles) in northern Myanmar about 200 km NNE of Mandalay (the country’s second largest city) and about 250 km NE of Ivanhoe’s Monywa Copper project which has been in large scale commercial production since 1998. The Set Ga Done concession is also only 90 km from the boundary of Yunnan Province in China, where a great deal of gold exploration activity is taking place, including Sparton Resources’ Luxi Gold Project.