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JAMESON RESOURCES LIMITED — Capital/Financing Update 2012
Mar 6, 2012
65152_rns_2012-03-06_59b11f51-ee93-40e3-900a-eb9cc6ca1112.pdf
Capital/Financing Update
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7 March 2012
ASX RELEASE
JAMESON RESOURCES LTD ACN 126 398 294
Level 2, 79 Hay Street Subiaco, WA , 6008 Phone+61 (8) 9200 4473 Fax +61 (8) 9200 4463
Suite 800, 1199 West Hastings St Vancouver, BCV6E 3TS Phone +1 (604) 629 8605
CONTACT:
DAVID FAWCETT
Chairman [email protected]
JOHN HOLMES
Managing Director [email protected]
ART PALM
Executive Director - Operations [email protected]
Drilling to commence on Red Earth Coal Project
Jameson Resources Limited (“Jameson” or the “Company”) is pleased to announce that joint venture partner Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) have mobilised and commenced drilling activities on the Red Earth project (“Red Earth” or “the Project”) in Saskatchewan.
Red Earth is under an option agreement in which Jameson owns a 10% interest in the Project and can earn up to a 60% interest by expending $870,000 in exploration over three years (see Jameson ASX announcement, dated Nov. 10, 2011).
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WEBSITE
Any enquiries regarding this announcement should be directed to Jameson’s Managing Director, John Holmes.
DIRECTORS:
David Fawcett (Chairman) John Holmes (Managing Director) Art Palm (Executive Director - Operations) David Prentice (Non Exec. Director) Jeff Bennett (Non Exec. Director)
ASX CODE:
JAL (Fully paid Ordinary Shares)
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John Holmes
The information pertaining to the technical content of this announcement has been reviewed by Mr John Holmes, who is a member of the Australian Institute of Geoscientists. Mr. Holmes is employed by Jameson Resources Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Holmes consents to the inclusion in the report of the technical information in the form and context in which it appears.