CALGARY, AB / ACCESSWIRE / September 15, 2021 / Jade Leader Corp. (TSXV:JADE) (“Jade Leader” or “the Company”) is pleased to provide an update of its ongoing exploration and development programs on its Wyoming Jade properties and Fall 2021 bulk sampling program at the Sky Zone.
Existing permits and notices have been amended and approved by the relevant authorities in order for the Company to proceed with a mechanized bulk sample of its recently recognized Sky Zone and Sky Jades ©. Work will be conducted with a loader mounted hydraulic hammer in order to expose the Sky Zone Jade bearing structure over its currently mapped strike length, and allow for the systematic collection and assessment of potential Jade types, colors and typical Jade yields along the main system.
Equipment and personnel have now been mobilized to site, work has begun and it is expected that a month will be required to complete a test allowing for the collection of a significant amount of marketable Sky Jade© , in addition to our current inventory of ornamental Jades from previous trenching programs. The Jade will be evaluated as it is extracted and prepared for photography and marketing as the program progresses.
About Sky Jades©
Hand sampling from 2 distinct sites roughly 40 feet (12 meters) apart along a 50 feet (15 meter) long Jade bearing structure in 2021 yielded some 110 pounds (49.9 Kg) of very fine grained, cryptocrystalline nephrite Jade with high translucency and uniform green colors. Stone testing, including final cutting and carving of materials in finished products such as bangles, beads and pendants has confirmed that the Jades from this zone have all the characteristics of the historical Wyoming Gem grade Jades (ref: NR 20-05, August 17th 2020, NR 21-01, February 1st 2021 and NR 21-03, May 13th 2021).
Early samples of both rough and cut Jade Leader Sky Jades© to date can be viewed either through our website photo galleries, including “Wyoming Project Sky Jades©” and Wyoming Project Revealing Sky Jades©” at www.jadeleader.ca.
In addition, numerous videos showing this material including “Sky Jades©, A New American Jade Discovery”, “Revealing Sky Jades© of Wyoming” and “The Quest for Sky Jades©, Wyoming” can be viewed on Youtube, under the Jade Leader channel.
The Company has also granted pursuant to its stock option plan, a total of 1,255,000 incentive stock options to directors, officers, and consultants of the Company. The options are exercisable at a price of $0.07 per share for three years.
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. Mr. Jutras maintained full chain of custody of sampling material during the testing process and has approved the technical disclosure contained in this news release.
About Jade and Jade Leader Corp.
Recent articles and mainstream publications suggest that the international Jade market is now larger than the better known worldwide market for rough diamonds, without any participation in the space by publicly listed Companies prior to the formation of Jade Leader Corp.
Jade Leader Corp, with a Board of Directors having over 120 years of combined experience as mineral exploration geologists with proven track records of discoveries, is led by JP. Jutras, B.Sc Hons Geology, P.Geol who is also an internationally recognized Jade carver with over 30 years of experience.
Jade leader is leveraging this unique combination of mineral exploration expertise and jade carving knowledge to build a portfolio of 6 Jade exploration properties on which nephrite jade with various characteristics has now been identified in stable, mining-friendly jurisdictions in the USA.
On Behalf of the Board of Directors,
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.
SOURCE: Jade Leader Corp.
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