JADAR RESOURCES LIMI

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Jadar Resources Limited Announces That High-Grade Channel Sampling Results Received from Tierra Blanca Zinc-Lead-Silver Project

05/26/2021 | 07:13pm
Jadar Resources Limited announced results have been received from the initial channel sampling programme at the Company's Tierra Blanca Zinc-Lead- Silver Projectin the City of Chihuahua in Chihuahua State, Mexico. The encouraging channel sampling results received will assist to accelerate the project with better defining drill targets ahead of the planned initial drill programme at Tierra Blanca scheduled to commence as early as July 2021. Highlights: High-grade channel sampling results received at the Tierra Blanca Silver-Lead-Zinc Project in Chihuahua, Mexico provide tremendous encouragement to accelerate towards the previously announced, proposed drilling programme: ENU-02: 1.1m @ 13.05% Pb, 27.9 g/t Ag and 0.11% Zn; ENU-03: 1.4m @ 20% Pb, 91.1 g/t Ag and 0.12% Zn; ENU-06: 2.0m @ 9.40% Zn, 1.49% Pb and 4.44 g/t Ag; ENU-07: 2.4m @ 17.60% Zn, 0.63% Pb and 4.82 g/t Ag. Channel samples 1-5 taken approximately 17-20 metres below surface demonstrate the presence of oxidised ore and delivered elevated silver and lead grades, which are interpreted to be indicative of secondary enrichment. Very strong zinc grades from channel samples 6-11 taken 35-40 metres below surface, demonstrate the presence of mixed oxide and sulphide ore indicative of primary carbonate replacement mineralisation. The channel sampling programme was designed to test the potential for mineralised grades across the width of the outcropping 20 metres wide breccia "pipe" and better define potential drill targets. Drilling permit application for an initial 1,500 diamond drilling (DD) metre campaign will be submitted imminently with drilling anticipated to commence as early as July 2021. The drilling campaign is designed to test downdip extensions of a steeply dipping breccia pipe, below shallow old workings that extended no more than 40 metres from surface. A comprehensive Land Use Agreement has been signed between Jadar and the surface rights owner that will lead to mining operations at Tierra Blanca. Eleven channel samples were taken at the Tierra Blanca project during April 2021. These samples were cut in steeply plunging mining workings left by artisanal miners. The recent programme of rehabilitation of these old workings has allowed mapping and sampling to take place on both the surface, and in old underground workings. The workings are more extensive than previously anticipated, and have demonstrated intensive mineralisation over 4 levels separated by 10 metre intervals, with levels 3 and 4 demonstrating a transition from oxide to sulphide mineralisation. Samples 1-5 were taken at a level approximately 17-20 metres below surface, and are all oxidized ore. The elevated levels of lead and silver are interpreted to be indicative of secondary enrichment at the top of the mineralised system, while samples 6-11 were taken approximately 20 metres below this in a zone where oxides are transitioning to sulphides. In this area, high zinc grades were observed which are typical of similar orebodies in the region, and the mapping of increasingly strong sulphides suggests that drilling below these workings, is prospective. The drilling will test the potential for mineralised grades across the width of the brecciated orebody. Tierra Blanca Background: In November 2020 Jadar entered an option agreement with Pacific Advisory Pte Ltd, to acquire Tierra Blanca, located in the prolific mining district around the City of Chihuahua in Chihuahua State, Mexico. The district surrounding Chihuahua is a significant silver producing region with several substantial mines operated by majors and mid-tier companies, with District Historical Production of 50Mt at 310 g/t Ag, 8.2% Pb and 7.1% Zn2. Tierra Blanca is located in a metallogenic province that has yielded several substantial orebodies predominantly containing silver, zinc and lead. Tierra Blanca is interpreted to be a Carbonate Replacement Deposit (CRD) which are characterized by high grade, quasi-equidimensional and shallow orebodies allowing for low cost mining operations, and are common in the Chihuahua district. Several significant operational siver, lead zinc mines, and prolific artisanal workings nearby to Tierra Blanca are indicative of the exciting exploration opportunities at Jadar's disposal.
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