VANCOUVER, Jan. 20 /CNW/ - Jazz Resources Inc. (JZR: TSX-V) is pleased to announce its exploration program for 2010.
The Company's primary objective is to mill the high grade ore from its 2009 Teddy Glacier bulk sampling program in March, 2010. Positive cash flow from the sale of concentrate will allow the Company to move forward with its exploration strategy.
The strategy includes resuming work on the Teddy Glacier with a 9,000 tonne bulk sampling program in early June 2010 as well as a diamond drill program.
Jazz plans to rehabilitate the Spider Mine property starting in June 2010 with the intent of reopening the mine at some point in the near future. The Company has already obtained a permit to investigate, excavate, and trench a new vein discovered in 2008 near the Spider Mine.
Furthermore an exploration program consisting of sampling and trenching on the recently acquired Burniere property is projected for July 2010.
Jazz is preparing for an active season. The Company is currently analyzing the feasibility of obtaining its own milling facility.
About Jazz Resources Inc.
Jazz Resources is a junior resource mining company focused on acquiring, exploring, and developing mineral properties. The objective of the Company is to carry out its exploration program on the Teddy Glacier, Spider Mine, and Burniere properties located in the Revelstoke mining district of B.C. Canada.
On behalf of the Board of Directors,
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined 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 update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
SOURCE Jazz Resources Inc.
For further information: For further information: JAZZ RESOURCES INC., 2394 W. Broadway, Vancouver, BC, V6K 2E5, telephone: (604) 733-4830, Fax: (604) 736-8584, Email: email@example.com