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Jaeger Resources Corp
Symbol JAEG
Shares Issued 54,634,004
Close 2020-09-15 C$ 0.035
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Jaeger releases results from Taylor Brook study

2020-09-15 22:35 ET - News Release

Mr. Bruce Downing reports

JAEGER RESOURCES CORP. ANNOUNCES PETROGRAPHIC STUDY AT ITS TAYLOR BROOK ZINC - LEAD - SILVER - COPPER PROPERTY IN NEW BRUNSWICK

Jaeger Resources Corp. has released preliminary results and interpretations of a petrographic study on selected samples of drill core and outcrops from the Taylor Brook property in New Brunswick. This is in conjunction with the lithogeochemical-geometallurgical study as reported in the Feb. 27, 2020, news release.

Petrographic studies indicate the presence of similar rock types and mineralization to that of the Stratmat deposit, which is six kilometres west of the Taylor Brook deposit. This also suggests that mineralization at Taylor Brook is part of a large district-wide system, albeit structurally divided.

This study also discovered the presence of sulphosalt (tennanite/tetrahedrite), which had not been previously observed. Magnetite was identified in the metavolcanic unit (diabase-gabbro), which is indicative of the high magnetics derived from the magnetometer survey, which can be easily mapped.

This study provided additional information on the lithologies and types of alteration associated with various property structures and mineralized intercepts of economic interest, as well as to compare these with known deposits in the Bathurst mining camp.

In addition to this study, the nature and style of both mineralization and gangue material must be considered to determine their impact on geological interpretation, metallurgical process, recovery, disposal, metal leaching and water quality.

Additional highlights of the study include the following interpretations:

  • Identification of lithologic units: silicic clastic volcanics of possible dacite composition, exhalite, volcaniclastic sediment (meta-ash tuff), metamafic (diabase), fragmental/foliated semi-massive to massive sulphide unit;
  • Pervasive sericitic alteration;
  • Carbonate is of possible dolomite-ankerite composition;
  • Clay material such as sericite (illite/muscovite) is pervasive throughout the units; high concentrations of clay material can impact geophysical interpretations (that is, induced polarization) and mineral processing;
  • Non-mineralized and mineralized units are generally medium grained; this is an important aspect for mineral processing; mineralogy of non-mineralized volcanic units is predominantly quartz, plagioclase, chlorite and sericite with lesser amounts of K-feldspar; accessory minerals in the non-mineralized samples consist of apatite, rutile and ilmenite;
  • Mineralogy of the metamafic (diabase) unit is plagioclase (possible oligioclase composition), chlorite, and amphibole with accessory magnetite and carbonate; mineralogy of mineralized units is predominantly quartz, sericite, and sulphides with lesser amounts of biotite, chlorite and carbonate; sulphide mineralogy is pyrite, sphalerite, and galena with lesser amounts of chalcopyrite and sulphosalt (possibly tennantite/tetrahedrite), and trace amounts of marcasite and arsenopyrite;
  • Textures of the mineralized samples suggest remobilization and recrystallization, possibly with reconcentration of base metals;
  • No magnetite identified in mineralized section;
  • No graphite identified to date;
  • Silver content correlated to arsenic and antimony suggests it may be in tetrahedrite/tennantite;
  • Tin, indium and barium are enriched in the mineralized samples;
  • Photomicrographs of selected samples are shown on the company's website;
  • Additional sampling of drill core and outcrops over the property for further lithogeochemical and geometallurgical work (including petrographic) is in progress.

The thin section preparation was carried out by Vancouver Petrographics (Fort Langley, B.C.), and the petrographic report was prepared by Dr. Craig Leitch (Saltspring Island, British Columbia).

About Jaeger Resources Corp.

Jaeger is a junior Canadian exploration company focused on evaluating high-potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment. Jaeger has entered into an agreement with Stratabound Minerals Corp. (see press release of Feb. 22, 2017) to explore and develop the Taylor Brook zinc-lead-silver deposit in the Bathurst mining camp, New Brunswick, Canada.

The technical content of this press release has been reviewed and approved by the company's chief executive officer, Bruce W. Downing, as the qualified person.

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