Untitled Document
JAZZ RESOURCES INC.
Unit 5 - 2330 Tyner Street
Port Coquitlam, BC V3C 2Z1
Telephone: 604-970-6402 Fax: 604-944-6102
Email: [email protected] TSX Venture Exchange: JZR
March 23, 2015
NEWS RELEASE - FOR IMMEDIATE RELEASE
JAZZ SIGNS MILL CONTRACT
Jazz Resources Inc. (JZR: TSX-V) is pleased to report that it has signed a binding contract with Neolife Holdings Inc. to supply a fully functioning complete 2-stage flotation Mill Facility to the Company's Camborne site. This Pilot Mill and associated tailings facility has been permitted since 2012 (see News Release January 9, 2013). Jazz is working closely with the Ministry of Mines on processing and reclamation issues. Neolife will process the existing Jazz stockpile for a fixed cost per tonne.
President Jo Shearer comments "that this is a significant step forward for Jazz and its longstanding aim of processing the initial stockpile and be able to complete a larger bulk sample.
The Company has retained Julien Henley, P.Eng. of Associated Engineering, the original designer of the Canyon Bridge in order to increase the load capacity (see News Release September 23, 2008; December 11, 2008; May 3, 2013). Aztec Geoscience has also been engaged to advise on the rockfall hazard and to propose an acceptable mitigation protocol.
The Company is in discussions with possible funding partners for working capital. Mining additional bulk samples will be planned for later in 2015. Discussions have been initiated with surrounding landowners towards acquiring nearby mineralized zones with bulk sample potential.
J. T. Shearer, M.Sc., P.Geo. (BC & Ontario) President, is the Qualified Person as defined by NI 43-101 who supervised the preparation of the technical material in this release.
On behalf of the Board of Directors,
"Jo Shearer"
Jo Shearer,
President/CEO
For further information contact: 604-970-6402
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.