The highly prospective Boolaloo copper-gold-uranium project is 100% owned by Jackson Minerals and is located in the West Pilbara region of Western Australia.

This leading project is the focus of an exciting new greenfields copper-gold exploration discovery made by the company in September 2006.

Since this discovery regional mapping and sampling has defined an extensive (+70 km²) mineralised system with over 15 outcropping sites and numerous un-tested conceptual targets.

The discoveries at the Minga Bore lease, within Boolaloo included the K15 and K16 prospects which returned numerous rock chip samples over 1% copper and 1 g/t gold, within a 5 kilometre long and 500 metre wide mineralised corridor.  Recent RC drilling at these prospects returned mineralised sulphides at 130 metres below surface, in the deepest hole drilled to date.  This drilling successfully established the mineralisation identified at surface continues at depth.

The majority of the Company's 1,700 square kilometres of tenure is unexplored and results to date suggest a high potential for new areas of mineralisation.  Exploration to date has focussed on the only granted lease (Minga Bore) with the two main leases at Boolaloo only recently granted.

Background

In early 2006 the Company applied for approximately 1,700 square kilometres of mining tenements in the Western Pilbara region of Western Australia based on the potential for copper-gold-uranium mineralisation. The tenure is focussed on the Boolaloo granite which is a late stage intrusive into the Proterozoic Ashburton Basin.

The Ashburton Basin hosts a number of gold deposits including the Paulsen's and Mount Olympus gold mines.  The Boolaloo  project area is located in the western part of the basin and has had very little modern exploration activity and is relatively remote and difficult to access.

The Company's geological model for mineralisation was initially focussed on skarn or IOCG style copper-gold associated with the Boolaloo granite, as well as meso-thermal vein style copper/gold/uranium within both the granite and basin metasediments.

Following the granting of the Minga Bore lease in July 2006, initial reconnaissance of the project area identified high grade copper-gold mineralisation in shears which are generally narrow (1-10 metres) but contain bonanza grades of Copper (up to 46.7%) and associated gold (0.5 - 15 g/t).  The number of known prospects continues to grow as exploration moves out from the initial discoveries at Minga Bore.

Research and field inspection has also shown that vein style deposits within the Boolaloo granite contain uranium that, at one prospect north of the tenements, has levels from 57 ppm up to 575 ppm, together with up to 19% Cu, 2.35 g/t Au and 37 g/t Ag.  Should the granite be confirmed to have elevated uranium mineralisation then secondary roll-front and calcrete style palaeo-channel deposits may potentially be present in addition to these vein related occurrences.

Boolaloo Project - Location and Geology, and Minga Bore Prospect plans.