MAC: Mines and Communities

Drilling Starts in Myanmar

Published by MAC on 2004-03-23

Drilling Starts in Myanmar

23rd March 2004


Jet Gold Corp., (the Company) and its partner, Leeward Capital Corp., (V.LWC), (Leeward) report that diamond drilling on the Set Ga Done concession in Myanmar started on Saturday the 13th of March. The drill program calls for 1000 meters in the first phase and it is anticipated that this will be done in 7 holes. The second phase is planned for 4000 meters of drilling along with extensive prospecting and sampling of the surrounding areas and is to begin once the first phase is finished.

Alex Burton, P.Eng., the Company's geological consultant, has returned from Myanmar with an update on the exploration activities. Mr. Burton reports that mapping and prospecting of the geological features has possibly extended the length of the Set Ga Done deposit to over 1500 meters from 700 meters. The Nga Mu Gyi zone has been extended in aerial size from 50 meters in length to an area of 300 by 500 meters and a large number of geochemical soil samples were taken to test for further extension of

this zone. Area prospecting has also turned up four additional parallel zones to the Set Ga Done and Nga Mu Gyi zones. A large number of rock, soil and stream silt samples were collected from all zones and are currently on their way to a lab for assay. Results are expected in early April.

Mr. Burton also reports that he was accompanied by 4 geologists from the Department of Geological Survey and Exploration of Myanmar in which they established a base camp, laid out base lines over Set Ga Done zone, established survey lines over the Nga Mu Gyi zone and collected samples from the various zones.

Mr. Jim Davis, P. Geo., President of Leeward has arrived at the camp in Myanmar to personally observe the drilling program. Drill cores will be split, bagged and secured for transfer to Yangon and then on to Calgary, Alberta for assay. Security precautions will be in place to ensure the core samples arrive safely in Calgary. The Company expects results by mid April 2004.

The Set Ga Done concession consists of 700 square kilometers (70,000 hectares) centered about a drill-ready gold zone. The concession is located in northern Shan State in the Union of Myanmar, about 200 kilometers north-northeast of the city of Mandalay and 90 kilometers from the boundary with Yunnan Province in China.

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