JAK jackson minerals limited

jackson posts good drilling results, page-7

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    Found this @ http://www.miningnews.net

    I am not a geologists anything, but this does look interesting big and not deep. Surly this must equate to low cost recovery, what do the more knowledgable out there say?



    Wallbrook shapes up for Jackson
    Friday, May 23, 2003

    JACKSON Gold has identified two new mineralised zones at its Redbrook prospect, part of the Wallbrook project near Kalgoorlie which Jackson says looks like a much larger system than the series of relatively small gold prospects it originally expected.

    "Wallbrook is beginning to look like one very large, shallow mineralised system, which remains open in all directions and at depth," Jackson managing director Andy Viner said.

    Better results from the latest program of 21 holes - 20 of which ended in mineralisation - included 4m at 5.77gpt from 28m, 7m at 3.38gpt from 53m, 5m at 3.22gpt from 8m, and 57m at 1.43gpt from surface, including 15m at 2.03gpt from 42m.

    The deposit has a total current resource of 2.18 million tonnes at 2.12gpt for 148,000 ounces and remains open in all directions and at depth..

    Viner said Wallbrook covers a granite intrusion 7km long and 3km wide and is still significantly under-explored.

    "The fact that this granite is extensively gold mineralised is unexpected, but very welcome," he said.

    "We believe we will certainly achieve our resource target of 5 million tonnes and with further drilling this target has the potential to be substantially increased."

    The project is located 125km northeast of Kalgoorlie and 20km north of Sons of Gwalia's Carosue Dam operation.

    Viner said initial resource estimations for Redbrook and metallurgical testwork to determine the optimal ore treatment process for the project would be completed within weeks.
 
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