Jade Leader Completes Successful Drill Program on the DJ Property and Exercises Earn-in Option Early
Page 2 – November 29, 2018
Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 18-1 6 NOVEMBER 29, 2018
For Further Information Contact: Jean Pierre Jutras, President
at 1.403.233.0464
Jade Leader Completes Successful Drill Program on the DJ Property
and Exercises Earn-in Option Early
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader” or “the Company”) is very
pleased to announce that the first ever drilling program to test both Jade bearing targets identified
on its DJ project in Washington State, has now been completed. The results of the program were
deemed so successful that, after careful consideration by the Board of Directors, the Company
exercised an accelerated buy-out of the Earn-In Option for the property and now owns 100% interest
free and clear of any further obligations, subject to certain underlying royalties.
A total of 13 holes, varying in length from 15.55 to 68.3 meters for a total of 513.5 meters were drilled
during this initial phase before inclement weather set in. Drilling was accomplished on both the Lode
1 and Lode 2 Jade bodies identified in outcrop in 2017-2018.
All 13 drill holes intersected their anticipated targets, with Nephrite Jade field identified in core in 12
of the 13 drill holes. Nephrite Jade, varying from ornamental, to carving/jewelry, near gem to gem
and cat’s eye quality were recovered in intervals ranging from 10-15 centimeters to over 5 meters in
length. Confirmatory analytical work is underway, as further detailed below.
In addition, a further 77 kilos (170 pounds) of surface material from Lode 2, where both near
gem/gem and chatoyant (cat’s eye) material was identified in 2017 was recovered for processing.
Two new occurrences of a red to pink to white semi-precious gemstone identified as rhodonite were
found near the Jade zone and were test hand mined for potentially marketable raw material from the
property. The first load of approximately 3,500 pounds has been warehoused with a second load,
unweighed but roughly equivalent in size in transit to the company’s secure off-site storage facility.
“The success rate for this first drill testing of our proprietary Jade exploration model so greatly
exceeded our expectations that we decided to immediately exercise our Option giving us a clean
100% interest in the DJ project, which clearly has the potential to be one of the Company’s key Jade
projects going forward,“ stated Mr. Jean-Pierre Jutras, President and a Director of Jade Leader. “The
drilling shows that both DJ Jade lodes are consistent, with respect to quality and continuity over
significant extents. With a 100% ownership, the Company is now free to harvest, process and test
market the more desirable materials recovered to date such as the chatoyant or cat’s eye Nephrite
Jade as well as the nearby rhodonite. The lessons of this first drilling phase are most encouraging
and as we continue studying the Jade in our core we will begin planning our next drilling program
and begin the permitting processes for work at DJ in 2019.”
Page 2 – November 29, 2018
Lode 2 Results
The Lode 2 target was drilled with 7 holes along 33 meters of its previously identified 50+ meters of
strike length, to a maximum vertical depth of 30 meters below the main surface outcropping/trench.
All drill holes into Lode 2 intersected continuations of the Jade units identified at surface: either
continuous intervals of massive to locally foliated nephrite, or as zones of thin veins 0.5 to 8 cm in
thickness or stockworks of typically finer grained, highly translucent Jade in a serpentinite matrix.
Significant Nephrite Jade intervals were field identified in core in drill holes L2 DD1 (massive 0.85
meters and additional stockwork 0.40 meters), L2 DD2 (5.05 meters of dominantly massive to locally
foliated nephrite Jade with minor bands of diopside), L2 DD3 (massive to foliated 0.9 meters,
additional stockwork zone, 1.5 meters), L2 DD4 (1 meter, massive to foliated), L2 DD5 (0.60 meters
massive to foliated and 0.20 meters stockwork zone), L2 DD6 (2.6 meters, massive to foliated) and
L2 DD7 (2 distinct stockwork zones of 3.45 meters and 1.2 meters). Colors of the various materials
varied from dark to light green as well as blue-green to light blue. Based on textures, colors and
translucency observed in the core, Jade types included ornamental, carving/jewelry, near gem/gem
as well as some potentially chatoyant (cat’s eye) material. All identifications are subject to final
determination after polishing of the materials from key sections.
The Lode 2 target remains open in all directions along strike and at depth.
Lode 1 Results
The Lode 1 target was tested with 6 drill holes along three sections along 80 meters of its 170+ meter
strike length. Holes were drilled to vertical depths ranging up to 30 meters. Significant Nephrite Jade
intervals were field identified in core in L1 DD1 (1.95 meters), L1 DD2 (1.68 meters), L1 DD3 (0.65
meters), L1 DD4 (0.92 meters) and L1 DD6 (0.50 meters). While the productive Jade zone was also
intercepted in drill hole L1DD5, pervasive overprinting quartz veining and hydrothermal alteration
obliterated all Jade textures in the zone. All Jade identified from Lode 1 drill core from Lode 1 was
ornamental; typically mottled, dark to light green; potentially suitable for commercial carvings and
ornamental uses. The target remains open along strike in both directions, as well as at depth.
All intervals quoted are based on core lengths, and information collected to date suggests that true
widths may range from 60-80% of core length. All core has been stored off site in a secure facility
for further study.
On a forward-looking basis, critical intervals remain to be fully logged and photographed in detail
over the next few weeks, and specific representative sections will be selected for further polishing to
test the workability and final appearance of finished products. Select representative samples will also
be collected for mineralogical analysis to confirm the field identifications made based on texture,
color and hardness tests.
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Qualified Person for the
Company’s Jade projects as defined by National Instrument 43-101 and has approved the technical
disclosure contained in this news release.
On Behalf of the Board of Directors,
“Jean-Pierre Jutras”, President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”,
“projects”, “plans”, “anticipates” and similar expressions, are forward-looking information that represents management of Jade Leader’s internal
projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance
of Jade Leader. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Jade Leader’s actual performance and financial results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those
described in Jade Leader’s filings with the Canadian securities authorities. Accordingly, holders of Jade Leader shares and potential investors are
cautioned that events or circumstances could cause results to differ materially from those predicted. Jade Leader disclaims any responsibility to update
these forward-looking statements.