TSX Venture Exchange: JZR
VANCOUVER, May 15, 2014 /CNW/ - Jazz Resources Inc. (JZR: TSX-V) is saddened to report that Bryan Glen has passed away. For the past year he had been suffering from heart problems.
Bryan will be greatly missed both as the CEO of the Company and as a friend. Bryan was passionate about mining and was involved with the Company for most of his working life.
J. T. Shearer has been appointed President/CEO of the Company. Mr. Shearer, M.Sc., P.Geo. (BC & Ontario) has been the Company's Vice President of Exploration and Chief Operating Officer for many years. Mr. Shearer has been closely involved in the work on the Company's Teddy Glacier and Spider Properties in BC since 2004 and became a director on March 1, 2012. Mr. Shearer has over 40 years of practical experience in management, exploration and analysis at varying stages of mining development from grass roots to advanced production projects. He has been directly involved in or responsible for the discovery of several mineral deposits, some of which have been put into production. Mr. Shearer is responsible for the mine plans of several quarries, up to 600,000 tonnes per year. He has been successfully managing an industrial mineral operation for the past 12 years and has been a director of several TSX-V companies over the past 25 years.
Mr. Sean Butler, P.Geo. will be continuing as our technical director. Mr. Butler joined the board in 2005 and brings a wealth of exploration, production and planning experience to the Board.
The company welcomes Mr. Steve May as a new director. The appropriate paperwork will be filed with the TSX-V shortly.
Steve May has worked with Jazz Resources since 2008 and has successfully operated several businesses in Vancouver and Richmond. Mr. May has a significant shareholding in the Company and has been involved with publicizing the company's work for a number of years.
Byron Nutting, our longtime CFO/Corporate secretary, will be continuing in his role of keeping excellent financial records and up-to-date corporate filings.
The results of continuing metallurgical testing by MetSolve Labs on the Teddy Glacier stockpile will be available shortly. Shipping of the high-grade bulk sample stockpile to the Ainsworth Mill to monetize our work since 2009 is expected to commence in late June or July.
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.
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