March 25, 2017 12:10 PM ET

Metals and Mining

Company Overview of Jack's Fork Exploration Inc.

Company Overview

Jack's Fork Exploration Inc., a mineral exploration company, engages in the discovery of base and precious metals deposits in Virginia. The company was incorporated in 2008 and is based in Wheat Ridge, Colorado.

3440 Youngfield Street

Suite 423

Wheat Ridge, CO 80033

United States

Founded in 2008

Phone:

314-378-2561

Key Executives for Jack's Fork Exploration Inc.

Chief Executive Officer and President
Vice President of Exploration
Age: 55
Compensation as of Fiscal Year 2016.

Jack's Fork Exploration Inc. Key Developments

Armor Minerals Inc. Enters into an Letter of Intent with Jack's Fork Exploration

Armor Minerals Inc. has entered into an letter of intent (LOI) with Jack's Fork Exploration (‘JFE’) for their Warmister and Tower Hill gold properties ("Properties") located in Virginia USA. The Properties are currently 100% held by JFE. Under the terms of the LOI Amor will earn up to an 80% interest in the Properties by making the annual lease option payments, when due, maintaining the Projects in good standing, incurring exploration expenditures aggregating $750,000 over a three year period and delivering preliminary economic assessment. An annual $25,000 administration fee is also applicable with the first such payment to occur on the signing of a definitive Earn-in Agreement. JFE is a private exploration company with rights to the Properties through exploration and mining lease agreements subject to certain conditions and retained royalties. The Warmister Property is an extensive 15,000 foot-long (4.57 km.) gold-in-soil anomaly within a highly silicified series of meta-volcanic sediments. The gold-in-soil anomaly is defined by 627 wide-spaced reconnaissance soil samples with 466 samples (74.3%) at or below the detection limit of 2.5 ppb gold; 130 samples (20.7%) with values ranging from 5 to 25 ppm gold; 23 samples (3.7%) with values ranging from 26 to 75 ppb; and 8 samples (1.3%) with values ranging from 76 to 430 ppb. In an area of very limited outcrop, locally one rock chip sample assayed 3 g/t gold. The Tower Hill Property is a volcanic-hosted gold occurrence associated with iron formation. Historic (pre 43-101 reporting) drilling has intersected significant gold values; the best intercept of which is 39.8 feet (12.1 m) assaying 3.1 g/t gold and 44 g/t silver.

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