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Rodney Schoemann commented on Jameson Stanford Resources Corp (JMSN):
StockHQ:
JMSN
$0.89 +$0.08 +9.52%
Beaver County in west central Utah is home to the historic Star Mining District. Bolcán Mining was formed to pursue the development of certain mining projects and claims located in the district, in addition to some other parts of Utah. Jameson Stanford Resources acquired Bolcán Mining Corporation in 2012, making Bolcán a wholly owned subsidiary of the company, and giving Jameson certain lode mining claims and mineral leases for Star Mountain. They immediately began work at the Star Mountain/Chopar Mine project site, and are currently doing initial excavation and production at the Chopar Mine site along with exploration and discovery activities at other sites within the Star Mountain project. The company is already working with the first deliveries of copper product.
The Star Mountain project consists of 117 lode mining claims and four metalliferous mineral lease sections located in the Star Mountain range, approximately 12 miles west of Milford, Utah. The Star Mountain project covers nearly 5,000 acres with borders expanding as exploration warrants. Geological analysis and magnetometry studies, along with reverse circulation drilling samples, suggest total inferred reserves at the Star Mountain site of perhaps more than 100,000,000 metric tons of copper ore, plus additional silver, gold, PGM, and base metals.
Jameson Stanford acquires mining claims, mineral leases, and mineral excavation permits with significant economic development potential, and has a high level of confidence in their sites, based upon more than 20 years of experience researching natural mineral resources in the western United States. The company already has customers lined up for their ore production, and expects big things for 2013.
For additional information, visit www.JamesonStanford.com
June 18th 4:27pm
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Executive Vice President and Co-President of Institutional Securities