Sydney - Wednesday - Oct 18: (RWE Australian Business News) - Jackson Gold Ltd (ASX code: JAK) has discovered new copper-gold mineralisation at its wholly-owned Boolaloo project within the Western Pilbara region of Western Australia. Results indicate the area to be highly prospective with extensive copper-gold mineralisation existing over at least a four square kilometre area at the Minga Bore Prospect. Directors noted two new mineralisation zones, K15 and K16, that were identified following field reconnaissance in September. Outcropping mineralisation at prospects K15 and K16 occurs over about one kilometre in length with two parallel east-west structures 200 metres apart averaging over 4 per cent copper and 1g/t gold. K16 is a copper-oxide rich siliceous breccia structure: * outcropping over at least 900 metres strike and width from 0.5m to 6m; * rock chip sampling returned average results of 4.0% copper and 1.01g/t gold; and * 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; and * the structure is open along strike to the east and west.
JAK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
