JAL has been holding up very well this week , and with there announcement it should start to move north , its looking to open strong today , up 12% on the open
The Board of Jameson Resources Limited (?Jameson? or the ?Company?) is pleased to announce that it has entered into an Option Agreement (?Agreement?) to acquire up to 100% of the Crown Mountain Coal Project (?Project?). The project is located within Elk Valley Coalfields in British Columbia, Canada and includes two coal licences covering an area of 1,332 hectares. Elk Valley is host to some Canada?s major coking coal mines including Elkview, Line Creek, Fording River, and Green Hills. Exploration, including drilling and coal quality test work, will commence as soon as regulatory approvals are in place. As per the Option Agreement, a technical report on the exploration and development work that is compliant with JORC and NI43-101 reporting standards will be completed on or before the Option Exercise date.
JAL Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
