JACKSON GOLD LIMITED: http://www.jacksongold.com.au/
Shares: 79.85 mill and 6.2 mill unlisted options. Cash on 30 June: $1.134 mill. Outflow: $0.424 mill.
"Jackson Gold Ltd is an active gold and nickel exploration company listed on the Australian Stock Exchange.
Jackson has an impressive portfolio of advanced exploration projects within the well mineralised Eastern Goldfields region of Western Australia:
Advanced, high quality exploration projects in proven gold and nickel mining centres
Gold resources of 627,250 ounces
Wallbrook Hill Scoping Study - potential 150-250,000 ounce in-pit resource for Heap Leach or Toll Mill development.
Experienced management team
Projects adjacent to established mining infrastructure
The Company has created four opportunities for world-class mineral discoveries. While Jackson is focussed on advancing its Wallbrook project (609,250 ounces) to development it has established a Gold Joint Venture with Barrick Mines and a Nickel Joint Venture with Breakaway Resources over its highly prospective 700km2 landholding in Kalgoorlie.
Jackson has also established an International presence through a substantial shareholding in Leopard Mineral plc, which holds exploration licences for Copper and Gold in the Kyrgyz Republic in Central Asia".
PROJECTS: Kalgoorlie Regional Gold, Kalgoorlie Regional Nickel, Northcote, Peak Hill Wallbrook Gold Project:
http://www.jacksongold.com.au/index.php?id=46&PHPSESSID=0c9b098ede617d9313cf722d32c7ee9b
1. GOLD
1.1 BOOLALOO Copper/Gold/Uranium prospect
http://sa.iguana2.com/cache/98efad4bf6b8dc14e9a48886b1823c1f/ASX-JAK-330657.pdf
4 Aug 2006: Extract: "Jackson Gold Limited ("Jackson" or the "Company") informs the market that exploration will commence in mid August at its new Boolaloo copper-gold-uranium project located within the Western
Pilbara region of Western Australia. Activities remain generative at this stage, designed to confirm what appears to be a highly promising initial evaluation of this remote under-explored area.
Summary
• Reconnaissance field inspection of targets and rock chip assay results have highlighted a number of prospects, in particular those from Minga Bore and the Blue Rock prospect as well as a number of others.
Minga Bore:- Vein style copper-gold mineralisation in semi-continuous structures up to one kilometre in length. Width of a number of structures is 0.5 - 10.0 metres. Rock chip sampling returned (full data in attached table); Copper values to 46.7%. Gold values to 2.07 g/t. Cobalt values to 892 ppm
• Blue Rock:- Strata-bound copper mineralisation over at least two kilometres strike length. Copper-only mineralisation with results from 0.7% to 10.7%.
• Boolaloo granite:- Vein style mineralisation is recorded by previous explorers as containing up to 575 ppm uranium with copper and gold.
• EL08/1605 at Glen Florrie, which contains the Minga Bore prospects, was granted last Friday the 28th July.
"Research has also shown that vein style deposits within the Boolaloo granite contain uranium that, at one prospect north of the tenements, has levels from 57 ppm up to 575 ppm, together with up to 19%
Cu, 2.35 g/t Au and 37 g/t Ag. Should the granite be confirmed to have elevated uranium mineralisation then roll-front and calcrete style palaeo-channel deposits may potentially be present in addition to these vein related occurrences. The granite also shows evidence of contact metamorphism that has potential to create skarn style copper-gold mineralisation".
1.2: NEW COPPER-GOLD DISCOVERIES AT WEST PILBARA PROJECT
http://sa.iguana2.com/cache/fd14f8d6d513dc51bd4ecc2e5be19c71/ASX-JAK-338036.pdf
Extract: 18 Oct. 2006: "Jackson Gold Limited (ASX:JAK) is pleased to announce exploration results from a field program completed during September at its Boolaloo copper-gold-uranium project located within the Western Pilbara region of Western Australia. Results confirm the existence of extensive copper-gold
mineralisation over at least a 4 square kilometre area at the Minga Bore Prospect. Two new discoveries were made during field reconnaissance. Outcropping mineralisation within two parallel east-west trending structures situated 200 metres apart at prospects K15 and K16 occurs over approximately 1 kilometre in strike length averaging plus 4% Copper and 1g/t Gold.
The K16 discovery is a copper-oxide rich siliceous breccia structure; • outcropping strike over at least 900 metres with widths from 0.5m to 6 metres. • Rock chip sampling returned average results of 4.0% Copper and 1.01g/t Gold. • The structure is open along strike to the east and west.
The K15 discovery is a similar structure to K16 with some wider cross-cutting quartz veined zones; outcrops for at least 250 metres. • Rock chip sampling returned average results of 7.8% Copper and 2.35g/t Gold. • The structure is open along strike to the east and west. (Maps included as well as samples).
1.3: WALLBROOK RESOURCE UP-GRADE AND RE-CLASSIFICATION-GOLD
http://sa.iguana2.com/cache/2d14206e0a8534ec99fb674d24879bf9/ASX-JAK-327491.pdf
4 July 2006: Extract: Jackson Gold Ltd (“the Company”) has completed an up-grade of the resources within its Wallbrook Project of Western Australia (table attached). The quoted resource for the Wallbrook Project has been increased by 21%. Previous totals of 504,100 oz Au (1g/t bottom cut) have been increased to 609,100 oz Au (variable bottom cuts of 1 g/t and 0.5 g/t) to reflect the economic results of the scoping study. The improvement in the JORC classification of the resource to include a Measured component is the result of positive mining studies and a resource audit conducted by industry consultants
Ravensgate Resources Ltd. The high quality Measured/Indicated resource classification now accounts for approximately 80% of the Wallbrook resource. The results of this work are a reflection of the quality of the Scoping Study, which has only focussed on the Eleven Bells, Redbrook and Red Flag deposits at Wallbrook. Other stated resources, including the 118,200 oz Crusader Deposit have yet to be included in the financial studies for the project.
As previously reported, the Scoping Study has shown the financial models for open-cut mining of the Wallbrook resources is positive for both heap leach and CIP (toll milling) processing scenarios. At a cash cost of approximately AUD$500 to AUD$550 per ounce, in-pit resources of between 150,000 – 250,000 ounces are defined. Delineated in-pit resources for the Redbrook, Eleven Bells and Red Flag deposits (@ AUD$750/oz gold price) comprises approximately 30% Measured, 60% Indicated and only 10% Inferred categories.The Company is currently in the planning stage of feasibility work for the Wallbrook Project.
TO BE CONTINUED
JAK
jackson minerals limited
