Kshish property acquisition completed

About this update from Koryx Copper S.a.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Sept. 7, 2011 /CNW/ - Jet Gold Corp. (TSXV: JAU)(www.jetgoldcorp.com) today announced the acquisition of 100% of the Kshish molybdenum/copper\n property which is located 15 kilometres from Terrace, BC.\n\n\nIn completing the acquisition, JetGold has agreed to a cash payment of\n $15,000 and issuance of 150,000 shares to the vendor. The vendor will\n continue to hold a 2% Net Smelter Royalty and the Company maintains the\n right to purchase the NSR for $1,000,000. The acquistion is subject to\n exchange approval.\n\n\nIn announcing the acquisition, JetGold president CEO, Brad Moynes\n stated, \"We believe the Kshish property will prove to be an important and\n valuable asset in Jet Gold's precious metal holdings. It allows the\n Company to continue to expand its position in the Terrace mining region\n and diversify into additonal mineral forms.\"\n\n\nThe Kshish property covers an area of 4,082 hectares with elevations\n ranging from 400-1,500 metres and is serviced by existing roads,\n including an access road just one kilometre from the CN Rail line. The\n 730 hectare core property consists of molybdenum geochemical anomalies\n occurring over approximately five kilometres. A large block of\n additional claims, over an area of 3,352 hectares, was staked by the\n company in October 2007 based on its geological work and anomalous BC\n Geologic Survey geochemical samples located nearby on Lean-to Mountain.\n\n\nPermitting has been filed for the Kshish property and approvals are\n expected in the fall of 2011. Additional information will be made\n available as it materializes.\n\n\nJetGold is a Canadian resource exploration company actively developing\n gold, silver, copper, zinc, molybdenum and tellurium mineral resource\n properties in British Columbia, Canada. The company is currently\n undertaking exploration of its three unique precious metal properties: Big Hammer, Silver Bay and Kshish.\n\n\nBig Hammer  Gold/silver/tellurium (Au/Ag/Te) property located 13 km southeast of\n Terrace Silver Bay  Silver/zinc (Ag/Zn) property located in west central BCKshish   Copper/ Molybdenum (Mo/Cu) property located 15 km northeast of Terrace\n\n\nJetGold is strategically investing in the Terrace and Smithers mining\n districts of British Columbia based on excellent road access, abundant\n power ...

More updates from Koryx Copper S.a.