JADE Leader Harvests over 5.7 Tonnes (12,500 Pounds) of JADE Samples IN Trenching of T1 Target, Wyoming
Suite 815, 808 – 4th Ave, S.W. Calgary, AB, T2P 3E8 Canada | TEL 403 233 0464 | WEB www.jadeleader.ca
NEWS RELEASE: 19-06 OCTOBER 1, 2019
For Further Information Contact: [email protected]
403-233-0464
JADE LEADER HARVESTS OVER 5.7 TONNES (12,500 POUNDS) OF JADE SAMPLES
IN TRENCHING OF T1 TARGET, WYOMING
Calgary, Alberta – Jade Leader Corp. (TSX.V: JADE) (“Jade Leader” or “the Company”) is pleased to provide
an update on its ongoing trenching and sampling program on its Wyoming properties, especially with regards
to progress on its T-1 target where previously recognized Jade zones are being trenched (See News Releases
of August 20, 2019 (NR 19-05) and June 12, 2019 (NR 19-03).
Two productive trenches are currently being completed and sampled, located approximately 600 feet (180
meters) apart along a well-defined, roughly N-S trend of nephrite Jade outcrops, subcrop and float.
Representative samples from each trench will be tested in the field to ascertain overall quality, color range,
texture and workability in the coming weeks. Trenching completed at the T1 target has consisted of 507 linear
feet (155 meters) of the 2,128 feet (649 meters) total permitted to date.
As of September 28, 2019, the northern trench (T1A) yielded 70 pieces of Jade with a range of individual
weights of 50 to 1,000+ pounds totaling an estimated 7,000 to 8,000 pounds of material. Trench T1A is
approximately 14 feet in width, and 5 feet at its deepest point. The southern trench (T1C), 600 feet south of
T1A along a prominent airborne geophysical linear, yielded a further 56 pieces of Jade with individual
estimated weights ranging from 50 to 500+ pounds with a combined estimated total weight between 5,500 to
6,000 pounds. Trench T1C is approximately 14 feet in width, and around 6 feet at its deepest point.
Mr. Jean-Pierre Jutras, P.Geol, the President and a Director of Jade Leader stated: “This program is rapidly
taking the Company from the early exploratory hand sample stage to the bulk harvesting of Jade for evaluation
and eventual marketing. The sheer amount of material collected to date at T1 target makes it our top priority
target for this field season. Field evaluation of Jades obtained from these trenches to date include a full range
of potential qualities, from basic ornamental stones, to carving and jewelry grade material. We will continue
to use our successful trenching of geophysically and geologically indicated targets to the fullest in this
sampling program”.
Field Mobilization of the D8T caterpillar bulldozer occurred on September 14 th, and trenching began on
September 15th at the T1 target. Of the 2,128 linear feet (649 meters) of permitted trenching on the T1 target,
507 feet (155 meters) of trenching in three trenches have now been completed.
Material selected for quality testing in the field is selected on the basis of its competence, grain size and color
based on examination of chips or windows from individual pieces. Quality testing includes the use of potable
diamond saws, as well as wet diamond angle carving grinders to cut and polish through any surface alteration
to reveal the stone’s underlying color and texture, evaluate the ability of the stone to produce smooth carved
surfaces as well as evaluate its potential to polish properly.
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October 1, 2019
Trench T1B, located east of the trend defined by trench T1A and T1C has encountered favorable alteration
and some evidence of Jade formation, however, did not have a productive zone such as that seen in T1A and
T1C. It has been mapped, photographed and reclaimed. The non-productive upper part of trench T1C has
likewise been reclaimed and is ready for seeding to complete ongoing reclamation commitments.
The program is expected to continue for a minimum of two to three more weeks, weather permitting.
Trenching permits are open for a period of one year, which are renewable.
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”
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.