$69 postpage LB

Updates On Jameson Resources And Nova Minerals

  • January 14, 2019 04:51 PM AEDT
  • Team Kalkine
Updates On Jameson Resources And Nova Minerals

The company is happy to announce the Chief Gold Commissioner of British Columbia has issued four new coal exploration licenses at its Crown Mountain Coking Coal project. The licenses comprise an area of 2,067 hectares adjacent to Crown Mountain, including part of the proposed transportation route. The company expects to commence geologic field evaluation of the licenses later this year and is very pleased with these approvals. Further exploration is dependent on the results of that evaluation. To expand the Crown Mountain resource area, Jameson looks forward to the opportunity to evaluate the potential, despite the speculative nature of these licenses.

Gold MTF non-AMP

To advance Crown Mountain numerous activities are underway including coal quality analyses from the recently completed exploration program, engineering, and design work for the spoil disposal facility, compilation of the Application for an Environmental Assessment Certificate and initial work toward supporting the bankable feasibility study. Initial coal quality analyses by the company will be released shortly. The licenses are speculative, Jameson is not aware of any documented compliant coal resources in the subject area and does not possess any previous exploration data. Once weather allows next summer, geological field evaluation will begin.

Jameson Resources Limited (ASX: JAL) traded flat as at January 14, 2019, and the last price closed was on January 7, 2019.

On behalf of Snow Lake Resources Ltd, the directors of Nova Minerals Limited are pleased to announce an update on Snow Lake Resources Ltd. By financing their commitments with Strider Resources Ltd relating to their Option Agreement, the company owns the rights to receive up to 80% ownership interest of the Thompson Bros. Lithium Project from Ashburton Ventures Inc. The project is well advanced with a maiden Inferred Resource of 6.3 Mt @ 1.38% containing 86,940 tonnes of Li2O and with an exploration of 3 to 7Mt @ between 1.3 and 1.5% Li2O in the next area of the resource.

Using the procedural metallurgical lab test techniques, initial metallurgical test work demonstrates the project can produce a concentrated material of 6.37% Li2O. By financing their commitments regarding the JV Agreement, Nova Minerals Limited owns 51% with the privileges.

The most advanced projects are the Chip-Loy nickel, cobalt, copper project; the Estelle gold project, a district scale project with a 2.2 – 5.3 million, ounce gold exploration target; and the Windy Fork REE; the Bowser Creek zinc, silver, lead project.

In the Tanami region of Northern Territory, the company is committed to continue our working relationship with Newmont and proceed with exploration on the Officer Hill Gold Project located within the ~13 million-ounce Tanami endowment. The stock traded at a market price of $0.024 as at January 14, 2019.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK