Jameson Stanford Resources Announces Mineral Exploration Program
June 10 2013 - 8:00AM
Marketwired
Jameson Stanford Resources Corp. (OTCBB: JMSN) (the "Company"), a
metals and minerals exploration, development and production
company, today announces its mineral exploration strategy as well
as the current status of its existing mining projects.
"Since inception, we have operated as a minerals exploration
company focused on acquiring and consolidating mining claims and
mineral leases with potential production and future growth through
exploration discoveries," said Michael Stanford, President and CEO
of Jameson Stanford Resources. "Our current growth strategy is
focused on the initiation and expansion of operations through the
exploration and development of our current mining claims and
mineral properties into producing projects."
Results of the Company's current minerals
exploration and expansion programs have included the following
activities:
- Commenced drilling program and open prospect pit mining on the
Star Mountain/Chopar Mine following SEC Industry Guide 7, and
National Instrument 43-101 protocols. 17 exploration drill holes
500' (five hundred feet) at depth for a total of 8,500' (eight
thousand five hundred feet) of drilling completed thus far. Third
party engineering and analytical reports are pending. Fifty more
exploratory drilling holes have been selected from the Company's
current geologic observations, geophysical data and geochemical
data.
- Acquisition of two Metalliferous Mineral Contracts from the
State of Utah Trustlands Administration in areas known to carry
economic concentrations of base and precious metals such as copper,
lead, zinc, beryllium, bismuth, silver and gold. This acquisition
expanded the Company's land holdings by 3,324 acres (1,407 acres
Star Mountain/Chopar Mine and 1,917 acres Spor Mountain Dugway
Minerals, respectively).
- Mined 1,200 short tons of hard rock from two prospect pits at
Spor Mountain Dugway Minerals for pilot scale run and testing.
Third party engineering and analytical reports are pending.
- Stockpiled approximately 40,105 cubic yards (66,574 tons) of
mineral sands at the Company's Ogden Bay Minerals project site for
near-term processing.
"The preliminary geological reports have confirmed that our
sites contain substantial reserves of high-grade copper, gold and
silver as well as other highly marketable metals," added Mr.
Stanford. "We have enlisted some of the top names in the mining
industry to complete testing and create the necessary assay and
industry reports that we believe will translate into substantial
shareholder value as we get further into our next phase of
production and delivery."
Immediate plans for operations are as
follows:
- Convert current natural resource sites into producing
assets.
- Identify under-explored mines on existing properties and
consider additional under-explored mines for acquisition in the
mining districts the Company is currently operating that are either
built, permitted or have been idled.
- Continue current exploration and drilling programs and invest
resources necessary to discover new ore bodies and open additional
mines.
About Jameson Stanford Resources Corp.
Jameson Stanford Resources is focused on developing significant
mining claims, mineral leases and excavation rights for projects
located in historic mining districts and other sites in central and
southwestern Utah. The Company is presently engaged in exploration
and development activities in connection with two high-grade
copper, gold, silver and base metals properties located in historic
mining districts in Beaver County and Juab County, Utah. In
addition, Jameson Stanford Resources has acquired excavation rights
and special permitting related to deposits of alluvial minerals and
silica sand located in Weber County, Utah.
Safe Harbor Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events or results to differ materially from
those projected in the forward-looking statements as a result of
various factors and other risks, including those set forth in the
Company's Form 10-K filed with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and the Company undertakes
no obligation to update such statements.
Contact: Jameson Stanford Resources Corp. Las Vegas, NV
www.JamesonStanford.com 702-933-0808 IR@JamesonStanford.com Mission
Investor Relations Atlanta, GA www.MissionIR.com 404-941-8975
Investors@MissionIR.com
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