VANCOUVER, June 14, 2011 /CNW/ - Jazz Resources Inc. (TSXV: JZR) is pleased to announce that Keystone Environmental has begun Phase 2 of the baseline environmental studies. The studies include a habitat assessment, a species-at-risk review, an environmental risk pathway analysis, and a characterization of soil, sediment, and surface water quality. The results of which will be used to support the permit application for a pilot mill at Camborne BC. The pilot mill will be used to process bulk samples from the Teddy Glacier property and mineralization from the Spider Mine.
The company has stockpiled approximately 2,000 tonnes of material from the Teddy Glacier Property. Mined samples assayed on average 13.06 g/tonne gold, 305.69 g/tonne silver, 15.7% lead, 13.33% zinc and 1.22% copper.
The Spider Mine was brought into production in 1952 and continued operations until 1958. Total production to the end of 1958 was 371 kilograms of gold, 53,481 kilograms of silver, 85 tonnes of copper, 10,845 tonnes of lead, 11,519 tonnes of zinc, 60 tonnes of cadmium and 4 tonnes of antimony from 128,063 tonnes of ore with a recovery grade of 0.086 oz Au/ton, 12.2 oz Ag/ton, 8.6% Pb and 9.14% Zn. This vein was developed from surface to a depth of 200 metres. Mineralized material, of grades similar to what was mined previously, was intersected in drilling an additional depth of 70 metres below this lowest level.
A pilot mill at the site would facilitate the re-opening of the Spider Mine.
J. T. Shearer, M.Sc., P.Geo. is the Qualified Person as defined by NI 43-101 who supervised the preparation of the technical material of this release.
On behalf of the Board of Directors,
"Bryan Glen"
President
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This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in certain of the Company's disclosure documents filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.