Business
US$1,179/tonne in Sales to Date Indicate Initial In-Situ Realized Contained Jade Value at Jade Leader's Sky Zone, Wyoming
CALGARY, AB / ACCESSWIRE / January 4, 2024 / Jade Leader Corp. (TSX.V:JADE) ("Jade Leader" or "t...
About this update from Jade Leader Corp.
[{"type":"text","content":"US$1,179/tonne in Sales to Date Indicate Initial In-Situ Realized Contained Jade Value at Jade Leader's Sky Zone, WyomingCALGARY, AB / ACCESSWIRE / January 4, 2024 / Jade Leader Corp. (TSX.V:JADE) (\"Jade Leader\" or \"the Company\") is pleased to provide the following corporate, marketing and exploration update.Initial marketing (2021-2023) of various jade materials recovered through the Company's pilot scale sampling programs shows increasing sales and increasing International Jade market awareness. The Company's Jade sales have increased to $13,469 in 2023 from US$1,841 and US$12,563 in 2021 and 2022 respectively, based on the Company's annual audited financial statements updated for sales to December 31, 2023. The bulk of these sales, US$25,478, were of our Sky Jade© materials. In 2021, 21.6 tonnes of bulk Jade-bearing rock were test processed from the Sky Zone (NR#21-09, Oct 25, 2021), from which 16.5 kilos of rough nephrite Jade material have been sold, representing 9% of the 183 kg of potentially marketable Jade recovered. These sales indicate an effective in-situ realized bulk value of US$1,179/tonne to date for rough Jade, excluding sales of finished product. The Company's research publications and outreach efforts are successfully increasing market awareness of both our Wyoming and Washington jades while marketing for the remaining 166 kg of stockpiled marketable Wyoming Sky Jade© continues. Proceeds from sales will be used to advance exploration and development of our most promising Jade properties.\"Being able to establish a base in-situ value for our Jades is a long-awaited landmark for us, allowing us to begin to treat Jade like diamonds and other gem minerals,\" said JP Jutras, P.Geol, President and a Director of Jade Leader. \"From an exploration and marketing standpoint we are also delighted to have new peer reviewed academic research currently in press showing that the Sky Jade zone may be much larger than initially thought and that at 2.4 to 2.5 Billion years old, Sky Jades are the world's oldest known jades, allowing their marketing as Earth's first Jades\".Wyoming Sky Jades© research and exploration outlookOver the last 6 months, as a complement to research published on our \"Color Shift Jade\" from Washington (NR#23-03, April 11, 2023), the Company worked with academic researchers in Canada a...