Mar. 29, 2011 (Canada NewsWire Group) --
JZR: TSX-V
VANCOUVER, March 29 /CNW/ - Jazz Resources Inc. (TSXV: JZR) is pleased
to announce that Keystone Environmental has been engaged to conduct an
environmental study at the former Spider Mine mill site near Camborne
BC. The results of the study will be used to support the permit
application for a pilot mill at the site. The pilot mill will be used
to process bulk samples from the Teddy Glacier property and
mineralization from the Spider Mine.
The study would examine the soil, the existing tailings, and surface
water chemistry to provide an overview for a reclamation program. The
information obtained would also be used to site the pilot mill, dispose
of tailings, and provide data for a baseline characterization.
A biologist and a geoscientist will travel to the site to collect data
on vegetation and wildlife and conduct water and soil sampling.
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
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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.
JAZZ RESOURCES INC., 2394 W. Broadway, Vancouver, BC, V6K 2E5, Telephone: 604 733-4830, Fax: (604) 736-8584, Email: mail@jazzresources.ca