Naskeena Project

Summary

The Naskeena Coal Project is located approximately 50 km north of the town of Terrace, British Columbia in the southern Bowser Basin. The Naskeena Coal Project is comprised of nine separate tenures covering an area of 11,400 hectares.

Initial coal exploration in the area was conducted in 1914 in which a number of surface outcroppings were identified. Between 2006 and 2008, Jet Gold Corp completed 25 diamond drill holes and 8 trench samples.

The Naskeena Coal Project has good year round road access from the city of Terrace located 50 km to the south. Highway 113, a two lane paved road traverses through the western portion of the coal tenures. Logging roads provide good access to the rest of the coal tenures.

The City of Terrace is a central service hub with approximate population of 20,000 (2001 census) within the surrounding area. The city is serviced by a regional airport which has daily flights to Vancouver, BC.

The Port of Prince Rupert, with the Ridley Island coal handling facility and the container port is approximately 200 km away. The port of Kitimat is located approximately 100 km to the south. Rail lines and major highways connect Terrace with Kitimat, Prince Rupert and Prince George.

Location

Local Geology

The Naskeena Coal Project coal beds are contained within a series of sediments ranging in age from Upper Jurassic-Lower Cretaceous. These sediments were deposited into the Bowser Basin, overlying the Hazelton Trough. The Bowser Basin is defined to the north by the Stikine Arch and to the south by the Skeena Arch. To the east it was bounded by the Omineca Crystalline Belt and to the west it is postulated that it was open ocean or an island arc complex at the time of deposition. Sometime during the Jurassic, the Skeena Arch uplifted causing the formation of the Bowser Basin in the north and the Nechako basin in the south.

The historic Naskeena showing, discovered in 1913 by G.F. Monckton and P. Chesley, consists of surface exposures of some half dozen various beds of coal ranging from 0.3 meters to 1.5 meters (1-5 ft) plus in thickness. Tentatively the sedimentary sections with coal seams have been assigned to two different sedimentary regimes. The original discoveries are within a largely shale hosted regime for the coal seams.