"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.
K15 and K16 are located either side of a valley that extends for many kilometres east and west along the mineralised trend and this is a priority target for future exploration. Nearby at the historical Minga Bore workings, rock chip sampling also confirmed copper mineralisation associated with discontinuous siliceous breccia structures.
Initial ground geophysical surveys were also completed at Minga Bore with Induced Polarisation anomalies generated over known mineralised structures. These results are regarded as encouraging in that the Company's technical concepts have been confirmed through these new discoveries.
The western Ashburton basin remains relatively unexplored and following these discoveries has the potential to become a new mineralised province. With the Company holding over 1,700 square kilometres of ground, an exciting new project is emerging".
JAK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
