VANCOUVER, Sept. 16 /CNW/ - Jazz Resources Inc. (JZR: TSX-V) is pleased to announce that an agreement (as disclosed in a press release September 8, 2009) to acquire mineral claims in the Camborne area of British Columbia has closed.
Under the terms of the agreement, the Company paid $12,500 and issued to Mr. Ken Sanders, the vendor of the properties, 25,000 common shares of the Company. The shares are subject to a hold period that expires on January 15, 2010.
The Sanders claims adjoin the Company's existing Teddy Glacier claims. The claims are accessible and have good exploration potential. The claims cover part of the Lardeau mineral belt and contain the historic "Agnes" and "Burniere" showings. The showings contain gold, silver, lead, and zinc.
The Company intends to commence an aggressive exploration program on these claims in the coming months.
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