October 31, 2022
I would like to thank all shareholders for your continued patience and support for our Company. Past and current market conditions have been and are somewhat challenging for junior resource companies. We are aware that the full value of our Company is still not reflected in the stock price.
The last two years have been challenging. However, during this time we have been actively advancing our Taylor Brook property through expansion from the original option claim with additional claim staking increasing our land position. We have expanded the Taylor Brook zinc – lead – silver – copper Property in the Bathurst Mining Camp in New Brunswick as a result of positive geophysical results. Some of these geophysical anomalies trend onto Trevali Mining Corporation’s claims and appear to be on the same trend as their Stratmat deposit. We believe that the area has the potential to host additional base metal deposits similar to Taylor Brook and Trevali’s Stratmat based on the geophysical and lithogeochemical studies done on the Property to date.
We are currently diversifying our portfolio both geographically and into the critical metals area such as scandium and indium. Indium has been noted at the Taylor Brook deposit. Scandium exploration includes two areas, the Taylor Brook property and a nickel – platinum – scandium property in British Columbia.
Jaeger has also been reviewing several gold related properties.
2023 EXPLORATION PROGRAM
Taylor Brook Property
The discovery of this critical scandium metal in a completely untested area opens up the potential for adding value to an area with nickel – cobalt – platinum mineralization. This style of mineralization was commonly unsampled and overlooked by historical exploration programs but in the current critical element and electric vehicle battery market, it becomes a very interesting opportunity to add value to the property. Future exploration will be directed to:
Taylor Brook Property
Drilling of this property may intersect gabbro which has the potential for hosting scandium mineralization.
Management at Jaeger Resources has an open-minded approach of creating and using new ideas and techniques for exploration and development.
The Company has maintained a low cost office and ancillary expenses in keeping with its recent transfer listing to the NEX board on the TSXV. With regards to the share structure, there are six major insider shareholders who have 68.54% of the issued shares. Management has a major involvement in the Company.
Jaeger invites interested stakeholders and shareholders alike to visit our website www.jaegerresources.com,which will help provide timely updates of technical information and ongoing activities. Management and your Board of Directors are committed to realizing the full potential of the Company’s projects and transforming Jaeger Resources into an industry leader in the exploration and development of projects.
Bruce Downing Chief Executive Officer