June 3, 2022
Edmonton, Alberta, – June 2, 2022 – Jaeger Resources Corp. (TSXV: JAEG) (“Jaeger” or the “Company”) is pleased to announce the completion of a Horizontal Loop Electromagnetic (HLEM) geophysical survey on its Taylor Brook Property in New Brunswick. This survey was conducted in order to better define a strong VLF conductor (see press release of December 15, 2021). Two grid lines (L3800W and L3900W) were surveyed.
Results indicate a near surface conductor dipping approximately 70 to 80 degrees to the south. This conductor has an interpreted easterly strike length of approximately 1400 metres which is truncated by a northwesterly fault. The westerly extension will be the focus of geophysical exploration in 2022. To the east of the fault, this VLF conductor is continuous and is associated with scattered pyritic sulphide showings. Field mapping of this conductor will be conducted in 2022.
This conductor is closely associated with a magnetic anomaly which is interpreted as a metagabbro. It is noted that the Taylor Brook deposit is also associated with a VLF conductor and metagabbro.
An interpolated map showing the relationship of the VLF conductors with magnetics is presented on the Company website (www.jaegerresources.com).
The updated VLF and magnetometer maps together with the grid-claims map are also posted on the Company website.
Several additional moderate to strong VLF conductors have been identified as high priority targets within the property boundary and the majority of these conductors have not been drill-tested.
This work together with the lithogeochemical surveys indicate numerous geological indicators with the potential for further discoveries.
The Taylor Brook area is not so much a single zinc-lead-silver-copper deposit but a property with additional potential deposits.
About Jaeger Resources Corp.
Jaeger Resources Corp. 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 February 22, 2017) to explore and develop the Taylor Brook zinc – lead – silver – copper property in the Bathurst Mining Camp, New Brunswick, Canada.
For further Company and technical information, please visit the Company’s website at www.jaegerresources.com.
The technical content of this press release has been reviewed and approved by the Company’s CEO, Bruce W. Downing, as the Qualified Person.
On Behalf of the Board,
“Bruce W. Downing”
Bruce W. Downing, M.Sc., P.Geo, FGC, FEC(hon)
Neither the 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 the accuracy of this press release. We seek Safe Harbor.
Not for release in the United States.
Notice Regarding Forward-Looking Statements
This news release contains “forward-looking statements”. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Taylor Brook Property.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.