JAK jackson minerals limited

jackson starts drilling program

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    JAK - ASX Company Announcement
    18 March 2003
    Part 1/1

    HOMEX - Perth
    Comm of drilling programs at Claypan Dam & Wallbrook Proj

    The Company informs the market that significant drilling programs
    are commencing at the Claypan Dam and Wallbrook Projects this
    Monday, 24th March, 2003.

    Both projects have potential to host significant additional gold
    resources and warrant continued aggressive exploration. The Company
    is targeting Kanowna Belle style mineralisation at Claypan Dam and
    large tonnage resources at Wallbrook.


    A Reverse Circulation (RC) drilling program of approximately 800
    metres is planned to test for primary high grade mineralisation on
    the Kanowna Shear. Significant results intersected in the last
    drilling program which returned 5 metres at 6 grams per tonne Au from
    he bottom of hole, will be a focus for this drilling. Holes are
    planned to test the shear to depths of 150 metres.

    The Company is targeting this drilling to define the source of the
    remobilized gold present in the supergene resources of Crossroads and
    the Kanowna Shear Prospects. The Company believes there is strong
    potential for the discovery of primary mineralization similar in
    style to the Kanowna Belle mine, located approximately 7 kilometres
    south east of Claypan Dam, adjacent to the Kanowna Shear.


    An RC drilling campaign of approximately 2000 metres has been
    designed at Wallbrook primarily to increase drill coverage which will
    allow resource modelling of the Redbrook prospect. The company is
    confident that Redbrook will increase the total resource inventory
    for Wallbrook significantly.

    M Gwynne

    ends - AAP

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