Jazz Receives Camborne Pilot Mill Draft Permit Corporate Update & Capital Raise
JAZZ RESOURCES INC.
Suite #2 1493 Phoenix Street
White Rock, BC, V4B 3L1
JAZZ RECEIVES CAMBORNE PILOT MILL DRAFT PERMIT
CORPORATE UPDATE & CAPITAL RAISE
Vancouver, 20th February, 2018: Jazz Resources Inc. ( “Jazz”, or the “Company” - JZR: TSX-V), the junior
resource exploration and mining company focused on the Revelstoke mining district of British Columbia,
Canada is pleased to announce that they have received their draft permit for the construction of their 100%
owned Camborne pilot processing mill.
Upon successful receipt of the final permit, Jazz will be permitted to process up to 5000 tonnes of ore at
its Camborne site for a period of three years. Jazz modified its original permitting proposal to extend the
operating period from one year to three years allowing the Company operational flexibility while
ensuring requisite provisions are in place to protect the environment. Jazz has committed to studying
and assessing the chemical and physical stability of the historical mining remnants on the property and
defining a reclamation strategy that ensures the long term protection of the environment.
The process to extend the permit for the pilot processing mill from one year to three years resulted in
revised engineering plans for the new tailings, waste and water management systems to accommodate this
new operating period. Plans now entail incremental clos ings of the tailings facility following each
season of operation.
CEO Rob Klenk stated “This is a major milestone for Jazz and the company would like to thank all parties
that have been involved in this thorough process. We now look forward to completin g the requirements
of our draft permit to ensure we receive the full permit allowing Jazz to complete construction of the
Camborne Pilot mill with the hopes of processing the initial 2000 tonnes of stockpiled ore beginning in
Q3 of 2018.”
Corporate Update
Following the recent granting of the draft permit for the pilot processing mill, the Company is moving
rapidly to achieve the goal of monetising the 2000 tonnes of high grade ore that has been bulk sampled,
assayed and stockpiled on the Company’s Camborne site. A suite of representative samples of the
stockpiled material assayed on average 13.06 g/tonne gold, 305.69 g/tonne silver, 15.7% lead, 13.33% zinc
and 1.22% copper. (Please refer to News Release dated September 14, 2010)
In conjunction with processing of the current 2000 tonnes of ore on site, Jazz plans to apply for a notice of
work (NOW) to further the exploration of their 100% owned Teddy Glacier deposit, 13 kilometers from the
Camborne mill site.
Pilot Processing Mill
Neolife Holdings Inc. “Neolife” will complete the construction of the Camborne pilot mill, which started in
2016, once the final permitting is in place. Neolife was contracted to supply a fully functioning
complete 2 stage floatation mill. (see News Release March 23, 2015). Once final permitting is in place, and
with all mill components on the mill site, Neolife is confident they can complete construction of the pilot
mill, meeting all permit conditions, within 60 days once construction begins, weather dependent. Once the
mill is operational, the mill will have the capability to process 50 tonnes per day during the operating
season, spring to late summer for a total of three seasons.
Capital Raise
The Company is in discussions with potential funding partners for the immediate working capital
required to satisfy all components of the draft permit, further exploration at the Teddy Glacier discovery site,
and provide general working capital.
On behalf of the Board of Directors,
Rob Klenk - CEO
Jazz Resources Inc.
For further information on this matter, please refer to the Company’s website: www.jazzresources.ca or
contact Rob Klenk at [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is de fined 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 u pdate these forward -looking statements after the date of this document or to revise
them to reflect the occurrence of future unanticipated events.