Taylor Brook Deposit

Project Overview

The Taylor Brook deposit consists of an extensive blanket of pyritic massive sulphides located 11 kilometres northwest of the CNE Deposit and 6 kilometres northeast of the 25 million tonne Heath Steele Mine.As currently known this zinc — lead — silver — copper deposit has a strike length of approximately 650 m and a down-dip extent of greater than 600 m. It comprises one to four stratabound horizons of heavily disseminated to semi-massive and massive sulphides.

Width and grades of the base metal mineralization are highly variable within the sulphide zone. Most of the intersections grade less than 3% lead and zinc although several narrow high grade intervals (e.g. 1.0 m. of 10.7% Zn, 2.2% Pb and 5.2 oz/ton Ag in Hole TB95-2) have been encountered. The lead, zinc, and copper ratios are consistent with those from other deposits in the Bathurst Mining Camp.

For a more detailed description of the deposit, please see Walker, 1999 (View Technical Reports).

Exploration

The renowned Brunswick No.12 Mine contained at least 50 million tonnes of similar non-economic pyritic massive sulphides adjoining the 136 million tonnes of extremely rich ore grading 8.74% Zn, 3.44% Pb, 0.37% Cu, and 102 g/t Ag. For this reason, inasmuch as Taylor Brook is open along strike and down dip, considerable additional drilling in search of high-grade mineralization analogous to Brunswick No. 12 is required.

The historical Stratabound Preliminary Economic Assessment of the Bathurst properties (November 23, 2011) confirms that further exploration is warranted and recommends that additional drilling be conducted to further investigate the Taylor Brook deposit since it has not been delineated laterally to the east or west, nor at depth. The historical PEA further notes that the Taylor Brook deposit appears to have a nucleus of higher grade massive sulphides concentrated in the northwest of the deposit, and proposes that drilling be carried out along the western edge of the deposit, as there has been no drilling to determine the western extent of the massive sulphide zones.

Exploration in 2016 intersected the two mineralized horizons that were delineated in DDH 14-39. This further increased the strike length approximately 100 metres to the east.

Exploration in 2018 consisted of a new north — south grid over the previously existing grid in order to better define mineralization at depth. Max – Min and IP geophysical surveys have been initiated.

Resources

The 2011 historical mineral resource estimates (NI 43-101 compliant) for the Taylor Brook deposit at 1.60% ZnEQ% cut-off grade are:

  • an Indicated Resource of 243,000 tonnes at 1.69% Zn, 0.85% Pb, 0.02% Cu and 33.42 g/t Ag and
  • an Inferred Resource of 102,000 tonnes at 1.70% Zn, 0.87% Pb, 0.02% Cu and 32.59 g/t Ag.

Please see the PRELIMINARY ECONOMIC ASSESSMENT ON THE CAPTAIN, CNE, AND TAYLOR BROOK VMS DEPOSITS, (View Technical Reports) for details.

Metallurgy

No metallurgical studies have been carried out to date.

Environment & Sustainability

  • Property is not within any designated or proposed park or environmentally sensitive area.
  • There are no apparent designated commercial interests other than logging and mining.
  • The property area does not include any fishing sensitive lakes.
  • There are no known environmental liabilities on site.

Status

Jaeger Resources Corp ("Jaeger") entered into an option agreement with Stratabound Minerals Corp ("Stratabound") in 2017 (see press release dated February 22, 2017) whereby Jaeger can earn an 80% interest in the Taylor Brook Property through exploration expenditures, the assumption of Stratabound's work and payment obligations relative to the Taylor Brook claims and the issuance to Stratabound of shares of Jaeger. To date, Jaeger has issued 1,000,000 shares to Stratabound and has completed a $43,000 drill program satisfying the 2016-17 work requirement. To maintain and complete the exercise of the option Jaeger will complete $500,000 of exploration expenditures, including the payment of annual fees and taxes. By the third anniversary of the agreement Jaeger will issue an additional 1,000,000 shares to Stratabound. Upon Jaeger's exercise of the option, Stratabound will have the election to enter into a joint venture with Jaeger or to convert its remaining interest to a 3% net smelter return royalty which can be bought out.

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