JADE Leader Completes Airborne Survey, Increases Land Holdings and Identifies 5 Priority Targets IN Wyoming JADE Fields
Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 19-03 JUNE 12, 2019
For
Further Information Contact: Jean Pierre Jutras, President
at 1.403.233.0464
JADE LEADER COMPLETES AIRBORNE SURVEY,
INCREASES LAND HOLDINGS AND
IDENTIFIES 5 PRIORITY TARGETS IN WYOMING JADE FIELDS
Cal
gary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader”, or “the Company”) is pleased to report on its
continued progress at its Wyoming Jade Fields property, where a recently completed field program has identified 5
priority targets on which application with the relevant authorities will be filed for a phase of mechanized trenching and
sampling to be conducted as soon as permits are in place.
To
advance its comprehensive evaluation of the di strict potential of the historic Wyoming Jade fields , t he Company
flew a high resolution, helicopter borne magnetics and radiometric geophysical survey over an area of approximately 48
square kilometers. The survey covered the Company’s existing properties, and additional areas of newly recognized
alterations and geology considered to be favorable for Jade formation.
A th
ree week field program was conducted to review the airborne geophysical data, conduct additional prospecting and
outline the first mechanized trenching targets for further follow up.
The
field program resulted in additional nephrite Jade discoveries at surface and led the Company to stake an additional
25 lode claims (209 hectares/516.5 acres), increasing the size of its current 4 claim blocks, and adding an entirely new
block of claims to cover a new target , bringing in the Company’s land package to 91 fully owned claims as well as one
optioned claim.
Mr Jean-Pierre Jutras, P.Geol, the President and a Director of Jade Leader stated: “Being the first grou p with such a
strong mineral industry background to ev aluate this historical district comprehensively with modern tech nologies has
allowed us to have a strong advantage in staking the large alteration sy stems within which Jade has historically been
found. While there remains many further areas to expand on within th e current portfolio of properties, 5 very strong
targets have now been defined with sufficient confidence to move forward to mechanized trenching to test and
expose the systems where Jade has h istorically, and continues to be b een found, to begin determining system
dimensions, geometries and overall stone quality distribution. Given the lon g h istory of the area in producing some
of the most highly p rized nephrite Jades in North America, we look forward to advancing the pro jects through the
next phases of work a s expeditiously as possible”.
Th
ese 5 high priority targets for which permitting applications will be made are summarized below.
T1.
The T1 target is located withi n a block of 38 claims ( 317.7 hectares/785 acres) and includes both an outcropping
nephrite Jade occurrence in a zone of historical workings, as well as a long train of loose to subcropping nephrite Jade
blocks at surface which outlines a target area in excess of some 600 meters of strike length. Within this target area, a
portion of the Jade block trail was surveyed in detail over roughly 80 meters by 10- 30 meters in width , and resulted in
the discovery of 62 nephrite Jade blocks. Twenty six of these bl ocks were estimated by volume to be in the 20 to 100
pound range and 36 blocks in the 100 to 500+ pound range (see attached field photographs of representative pieces) .
These highly angular and strongly surface weathered blocks are generally considered by the Company to be the
weathered surface expression of a near situ Jade seam and related alteration. The surface expression of this Jade trail
corresponds to a well-defined airborne magnetic anomaly.
Page 2
June 12, 2019
A
n application will be made to expose the T1 system th rough a series of 4 -6 trenches/cross cuts to determine the
potential width of the system at its strongest points, as well as expose unaltered material for further evaluation and
classification. Jades identified to date in this environment include fine gra ined, dark green/olive colored material,
medium to light green fine grained material as well as coarser grained, ornamental type material.
T
2. The T2 target is located within the same claim block as the T1 target, in a distinct area which has not seen any
historical workings. Jade was discovered in an area investigated for both high alteration visible at surface, as well as
the correspondence of a large, well defined magnetic anomaly extending for in excess of 700 meters of strike length. A
total of 9 small to medium sized blocks of Jade were found at surface over an area of roughly 100 meters in strike
length, including a large, 150 pound block of finely textured dark green material which has been collected for further
testing work, including the polishing of windows to allow for a proper evaluation of the stone’s color and texture (Field
photo of rough sample attached).
T
3. The T3 target is located on a separate claim block, and corresponds to a large zone of strong alteration, including
epidote replacement and silica flooding . At T3, numerous historical hand dug pits were found, exposing dark olive to
light green near -gem Jade in fractures and along alteration contacts over a zone of alteration roughly 140 meters of
strike length by 90 meters in width. Testing will focus on strongly altered zones where fine grained nephrite occurs in
joint and fracture sets, as well as testing the edges of the alteration systems where coarser grained material has been
found erratically exposed to date.
T
4. The T 4 target is another Jade producing zone similar to T3, where dark green/olive nephrite Jade has been found
both in fractures and joint openings, as well as where the alteration is in contact with country rock. The extent of the
alteration zones, some of which has been historically mined at a small, artisanal scale cover roughly 250 meters of strike
length by 30-40 meters in width.
T
5. The T5 target is another small scale past producing zone of strong alteration which corresponds well w ith an
airborne magn etic signature extending about 350 meters in length. Past sampling at T5 has returned both coarser
grained green ornamental type Jade, flower Jade and fine grained dark green/olive Jade from surface outcrops. Testing
is planned to expose the area of the strongest response in the airborne magnetic signature which is currently only
covered to subcropping.
S
amples were collected at all target areas for confirmatory testing as well as to evaluate for workability, textures and
colors.
T
he Company is now preparing its required permitting applications, as well as a round of follow up work at its DJ
project in Washington State. Updates will be provided as timelines are finalized on these further phases of work.
M
r. 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.
O
n Behalf of the Board of Directors,
“
Jean-Pierre Jutras”
J
ean-Pierre Jutras,
President/Director
T
he 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 matt ers 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.
Wyoming T1 Target, Surface Jades
NEWS RELEASE: 19-03 JUNE 12, 2019
Wyoming T2 Target, Surface Jade
Nephrite Jade blocks within well constrained corridor
of surface showings. 62 blocks were documented in
an area roughly 80 meters in length by 10-30 meters
in width. The three blocks shown here were estimated
by volume to be in excess of 500 pounds, partially
buried and showing exterior textures ranging from
coarse to medium to locally fine grained.
Strong surface weathering obscures the stone’s
quality, and windows have to be cut in these to
assess any marketability potential.
Full extent of outcrop/subcrop area exceeds
600 meters in length, and remains open.
A B
C
A large Jade sample collected form the T2 target area.
The angular shape of this piece indicates that it may have
formed as a plate, joint filling or vein, which mode of formation
is more often associated with jades that are finer grained, more
consistent in texture and color, and more highly desired.
Weathering from interaction with surface water and soils has
largely coated the stone with an oxidation skin or rind, which
partially obscures its original texture and color. This stone will
be windowed to assess quality and potential marketability.
This particular stone’s weight is 150 pounds.