Peak Hill Gold Project in Western Australia is located in the Peak Hill Goldfields approximately 100km north of Meekatharra. Modern mining in tis Goldfield has provided in excess of 1.6 million high grade ounces.
The Company has significant holdings in the Goldfield through tenement pegging of over 1000 square kms to form the Peak Hill Regional Gold Project. The Company has retained a 20% interest in future exploration of the area through a Joint Venture with ASX listed Gleneagle Gold Limited, whereby Jackson is free-carried on all exploration expenditure until a decision to mine a discovery is made.
In late 2006, Gleneagle announced the discovery of a new high-grade mineralized system at Doolgunna, part of the Peak Hill Regional Gold Project.
Results from a program of rock-chip sampling at Doolgunna identified mineralisation associated with at least four discrete quartz vein systems over a +400 metre strike, with high-grade results ranging from 27 g/t Au to 299 g/t Au (9.6 ounces per tonne).
The mineralised zone remains open to the northeast and southwest, where it is concealed by shallow cover. Infill surface sampling and geological mapping is continuing on the project.
The discovery at Doolgunna and the discovery announced in the September 2006 at the Forest Gimp Deposit (only 12 kilometres from the Fortnum Gold Plant), highlights the prospectivity of the region and the value of the project to Jackson.
Gleneagle Gold own the Fortnum Mine and increased gold resources to over 1 million ounces leading.
|
Home | Company Overview | Operations | Investor Relations | Photo Gallery | Contact Us